The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Michael A. Miller as the Head of Investor Relations at NBAD. Mr. Miller, who has over 15 years of experience serving in strategic finance positions at global institutions, joined NBAD from Bank of New York Mellon where he was a managing director overseeing investor relations and client management functions. “Michael Miller's experience and skills will be an asset for the National Bank of Abu Dhabi," said Abdulla M.S. AbdulRaheem, the Deputy Group Chief Executive of NBAD. “NBAD has been committed to transparency and strong communication with the market and particularly with our stakeholders and I am confident that Michael Miller will strengthen the Bank's communication with various constituencies, including investors, analysts and ratings agencies." NBAD is the largest UAE bank by market capitalisation and is the most profitable bank. In 2010, NBAD became the first UAE bank to earn more than US1billion in net profits. NBAD was also the first bank to break the AED1 billion net profits ceiling, which it achieved in 2004. “NBAD is already known and admired globally for its financial successes and achievements, an example of that its ranking for three consecutive years as one of the World's 50 Safest Banks, however what is also remarkable is NBAD being a leader and award-winner for its commitment to transparency," said Mr. Miller. “NBAD's global brand continues to grow and this is why I'm glad to join this organisation." Mr. Miller holds a Master of Business Administration in Finance from University of Maryland Smith School of Business, a Bachelor of Science in Accounting from University of Delaware, and he is a CFA charter holder. NBAD has been awarded the Best Company for Investor Relations – UAE by Middle East Investor Relations; and the Overall Corporate Governance Structure Award by Hawkama – The Institute for Corporate Governance. Since 2009, Global Finance has placed NBAD in its list of the World's 50 Safest Banks; and NBAD has continued to advance in the list. NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moody's and AA-/F1+ by Fitch giving it one of the strongest combined rating of any Middle Eastern financial institution.
