Abu Dhabi Financial Services (ADFS), the financial brokerage arm of the UAE-based National Bank of Abu Dhabi (NBAD), has appointed Aymen Samawi as a managing director of ADFS.

Mr Samawi joins ADFS with more than two decades of experience working in the financial services industry in the US and the UAE. Before joining ADFS, he was the CEO of National Finance Brokerage Company (NFBC), a subsidiary of Abu Dhabi Investment Company.

He served in a number of senior positions at ICAP between 1995 and 2005 and again from 2007 to 2008. He served as the executive vice president at ICAP North America in New York in addition to spearheading the ICAP venture in property derivatives information business as CEO. He also founded BroadReach Financial Group in 2005 and served as the chief executive of the Dubai-based financial advisory for two years.

Michael Tomalin, chief executive of NBAD Group, said: “I welcome Mr Samawi to the senior executive team at NBAD. The bank has achieved excellent financial returns for its shareholders over the last several years and he joins to strengthen the team to help achieve our growth targets. He will continue the development of a world-class financial brokerage business focusing on meeting the needs of investors in the UAE, GCC and round the world.”

Mr Samawi said: “ADFS is one of the top three primary brokers in the UAE. I want to be where things are developing, changing, and growing. ADFS is to grow strategically, through market diversification and specific client targets.”