Dubai’s Emirates NBD Appoints CIO and CDO in Digital Push

Press release

Published February 6th, 2018 - 09:44 GMT

Miguel Rio Tinto, Emirates NBD CIO

Dubai’s largest bank Emirates NBD has appointed chief digital and information officers as part of wider digital push.

The bank said on Tuesday that Miguel Rio Tinto would lead its information technology division as CIO and Evans Munyuki would lead its newly established digital office as CDO.

It also announced the creation of a digital council with representatives from its executive team including group CEO Shayne Nelson and COO Abdulla Qassem.

Tinto joins from consultancy firm McKinsey’s Iberia officer where he was partner responsible for IT and digital transformation. He was previously COO and CIO of Novo Banco SA.

The new CIO will lead Emirates NBD’s Dhs1bn ($272.2m) IT transformation initiative and plans for a private cloud platform.

Munyuki was most recently CDO and CIO at German fintech firm MyBucks and has held previous positions at Barclays Africa and IBM.

He will lead the bank’s digital product development and its use of technology including big data and artificial intelligence.

“As we continue to accelerate our technology transformation, I am very pleased to have Miguel and Evans join our team. These exceptionally talented and proven leaders have the vision, experience and depth of knowledge necessary to help lead our bank into the digital future through an integrated strategy, leveraging world-class IT innovation and capabilities,” said Qassem.

Last month, Emirates NBD revealed plans to use connected payment cards. In 2017 it also launched its own e-commerce platform and a digital banking service targeting millenials as lenders in the country seek expansion through online channels rather than traditional brick and mortar branches.

Source: Gulf Business

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.