BRITISH Arab Commercial Bank (BACB) has announced the appointment of Eddie Norton as interim CEO, subject to regulatory approval.
BACB is an international wholesale bank with more than 40 years’ experience providing international trade solutions to clients who want to trade in and out of developing markets. Based in London, BACB leverages its position in the world’s leading financial market to forge close links with the global banking community. The bank specialises in supporting trade flows to and from the Middle East and Africa, connecting them with the rest of the world.
Eddie joins the bank following a successful career with HSBC, where he was most recently the Head of Capital Strategic Initiatives, Global Banking & Markets. Eddie was previously the European Head of the Global Liquidity and Cash Management division, responsible for delivering liquidity and cash management solutions to clients across 33 markets. He has held international executive positions at HSBC while based in São Paolo, New York, Hong Kong and Malaysia. Over the course of his career, Eddie has experience in supporting trade finance activities across specialist markets, as well as a wealth of governance and risk-related expertise in areas including counterparty, financial crime, regulatory, operational and conduct risk.
Eddie commented: ‘I am excited to be joining BACB, a specialist bank with deep regional and sector expertise and an ability to keep trade flowing for its clients, while upholding the most robust compliance and governance standards. Trade is becoming ever more critical in these complex and extraordinary times, and I am delighted to be leading the Bank through the next phases of our strategy to deliver controlled and sustainable growth for our stakeholders.’
Michael Stevenson, Chairman of the Board, commented: ‘In Eddie, we have a leader with a proven track record and deep corporate banking and risk expertise. We look forward to working with Eddie to fulfil our sustainable, profitable growth strategy.’
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