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BACB appoints Interim CEO

Africa Global Funds
Nov. 5, 2020, 5:53 p.m.
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British Arab Commercial Bank (BACB) has appointed Eddie Norton as interim CEO, subject to regulatory approval.

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British Arab Commercial Bank (BACB) has appointed Eddie Norton as interim CEO, subject to regulatory approval.

Norton joins BACB following a successful career with HSBC, where he was most recently the Head of Capital Strategic Initiatives, Global Banking & Markets.

Norton 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, Norton has experience in supporting trade finance activities across specialist markets, as well as a wealth of governance and risk-related expertise in areas including counter-party, financial crime, regulatory, operational and conduct risk.

Commenting on his appointment, Norton said: “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, added: “In Norton, we have a leader with a proven track record and deep corporate banking and risk expertise. We look forward to working with Norton to fulfill our sustainable, profitable growth strategy.”

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