KUWAIT, July 16 Josef Ackermann, the former
chairman and chief executive of Deutsche Bank, has
joined the international advisory board of National Bank of
Kuwait, the Gulf state's largest lender said on
Ackermann retired in May after more than 10 years at
Deutsche Bank's helm. A Swiss national, Ackermann was the first
non-German to head up the flagship lender and has been credited
with transforming the bank into a major global player.
NBK is Kuwait's largest listed company by market
capitalisation and ranks among the top regional lenders in terms
of assets and profits.
Other members on its international advisory panel includes
former British Prime Minister John Major and Mohamed El-Erian,
the top executive at U.S. bond firm PIMCO.
(Writing by Sylvia Westall in Baghdad; Editing by Dinesh Nair)