Gulf-based lender Emirates NBD today said it has appointed Sharad Agarwal as its chief representative and country head for India.
The appointment is part of Emirates NBD's objective to capture a greater share of bilateral trade flows, and also identify other business opportunities, a statement of the bank said.
Agarwal will oversee Emirates NBD's presence in the country, and take the overall responsibility to increase market awareness about the bank.
He will report to the bank's general manager (international), Kevin Flannery.
Commenting on the appointment, Flannery said, "India represents a significant opportunity for Emirates NBD given the strong bilateral relations between both countries, and we are pleased to appoint Sharad Agarwal as the Chief Representative and Country Head for India."
Agarwal had previously headed trade sales, factoring and escrow business for Emirates NBD Group based at the bank's head office in Dubai.
In 2012-13, India emerged as one of the biggest trading partners of the United Arab Emirates, with total trade volumes between both nations reaching USD 75 billion during the year.
