Dubai’s Biggest Lender Names Asarpota CEO of Investment Bank Arm
- Hitesh Asarpota is currently the deputy CEO of ENBD Capital
- Al Bastaki will become head of ENBD’s private banking business
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Emirates NBD PJSC appointed Hitesh Asarpota as chief executive officer of its investment banking division, replacing Mohammad Al Bastaki, who will become head of private banking at Dubai’s largest lender.
Both appointments are effective Aug. 1, according to an internal memo that was seen by Bloomberg News. Asarpota, who is currently the deputy CEO of Emirates NBD Capital, joined in 2008 and has been responsible for the origination and syndication of loans, bonds and equity capital market offerings, the memo said.