Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, said on Monday it has appointed Tarek Bin Hendi as its new Chief Executive Officer.

Bin Hendi brings 13-year track record in asset management, private equity and investment banking.

Bin Hendi takes over from David Marshall who will move into the newly created position of General Manager — Products and Advisory, Wealth Management within Emirates NBD’s Retail Banking & Wealth Management division.