Dubai’s top lender Emirates NBD has announced a shake-up of its senior management, as it positions itself to grow opportunities in wealth, mergers and acquisitions, and venture capital.

Marwan Hadi, who is head of retail banking, takes over as group head of retail banking and wealth management from Suvo Sarkar, who will retire after a decade-long tenure at Emirates NBD.

Ahmed Al Qassim, currently group head of corporate and institutional banking, and member of the bank’s group executive committee, will become the group head of wholesale banking.

Ammar Al Haj has been appointed as group treasurer and head of global markets.

Aazar Ali Khwaja, formerly serving as group head of global markets and treasury, has been appointed as group head of international and advisor to the Group CEO for DenizBank.

Neeraj Makin, formerly the senior executive vice-president and group head for international and group strategy, will now be responsible for leading the bank’s newly approved corporate venture capital fund.