Emirates NBD names new heads at EmCap

Emirates NBD, said its investment-banking unit is profitable and generating "a significant flow of capital transactions". The lender said it named Mohammad Wajid Kamran to head corporate and debt finance at Emirates NBD Capital, known as EmCap. Kamran will bring a team from his previous role as general manager for institutional and international banking and debt capital markets at Emirates NBD. Kamran will work with Mark Saab, EmCap's head of business development, and T. Rajagopalan, its head of advisory services, according to a statement issued by the bank yesterday. Fundraiser EmCap helped Dubai raise $800 million (Dh2.94 billion) from the securitisation of toll road receipts and garner $500 million from the sale of a 10-year bond earlier this year.