Finance Latest News: StanChart Banker Nelson to Take Helm at Dubai's ENBD

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Finance Latest News: StanChart Banker Nelson to Take Helm at Dubai's ENBD

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Finance Latest News: StanChart Banker Nelson to Take Helm at Dubai's ENBD

by Wochit 1:07 mins

Finance Latest News: StanChart Banker Nelson to Take Helm at Dubai's ENBD

by Wochit 1:07 mins

Emirates NBD's appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of Gulf-based banks looking beyond their own region for their next growth phase. Shayne Nelson, currently based in Singapore as the British-based lender's head of private banking, will assume the top job at Dubai's largest lender when current CEO Rick Pudner leaves at the end of the year. Stock index futures rose, indicating the S&P 500 may halt its recent selloff after comments from China's central bank eased recent concerns about a credit crunch in the world's second largest economy. T-Mobile USA has submitted a proposal to the FCC that would allow the agency to set rules in the upcoming incentive auction to make sure smaller carriers have fair access to spectrum, while also ensuring the auction generates enough revenue to satisfy Congressional requirements.

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