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The National Bank of Abu Dhabi’s (NBAD) Group Chief Executive, Michael H. Tomalin, has won the CEO Lifetime Achievement Award from Banker Middle East.
Tomalin joined NBAD as the Chief Executive in 1999. In that year the Bank earned AED311 million. Since 1999, under Tomalin’s steady and far-sighted leadership NBAD’s net profit has grown each year to reach AED3 billion at the end of 2009, an amazing 10 fold increase in the bottom line. During this 10-year period, NBAD has grown at an average annual growth rate of around 23% year-on-year making it one of the fastest growing and highest performing banks in the wider Middle East region.
NBAD’s growth under Tomalin’s leadership was not from acquisitions but from organic growth and entry into a number of new markets and businesses.
"I am humbled and thankful to the people who nominated me and to Banker Middle East for awarding me this accolade," Tomalin said. "I have always been driven by my desire to help the institutions that I am associated with. NBAD has been my home for more than 10 years and I hold special affection for it because I admire what is the driving force behind NBAD - more than serving as a for-profit institution, NBAD strives to also be an enabler, an engine of Abu Dhabi’s and the UAE’s development and growth".
In his pursuit to grow NBAD, Tomalin has consistently had even this grand objective in mind. "Abu Dhabi is the core DNA of NBAD. One way we measure our success is by the contribution we make to the development of the Emirate of Abu Dhabi and the wider nation," Tomalin said.
Under Tomalin’s leadership, NBAD’s Emiratisation ratio increased from 14% in 1999 to 36% at the end of 2009. Recently, Emirates Institute for Banking and Financial Studies (EIBFS) awarded Tomalin its 2009 Best Emiratisation CEO Award in Banking Sector.
Tomalin has more than 30 years of experience in international wholesale and private banking spanning Europe, the Caribbean, the Far East, Australia, and the Middle East.
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