Sullivan joined Emirates NBD as Group CFO in 2020. In the first six months of 2024, Emirates NBD delivered a record profit of AED 13.8 billion ($3.76 billion), driven by increased lending across its regional network and substantial impaired loan recoveries.
In the period between January and September 2024, Emirates NBD obtained a net profit of AED 19 billion ($5.17 billion), marking a 9% increase compared to the same period a year prior. During these nine months, Emirates NBD provided AED 100 billion ($27.2 billion) in credit across its network. The bank’s income grew 7% in the third quarter of 2024, driven by a combination of strong loan growth, improving margins and higher fee and commission income.
Meanwhile, the bank’s Digital Wealth platform allowed the group’s assets under management to surpass the $40 billion mark, as a result of the product offering
expansion to include fractional bonds, sukuk, equities and mutual funds.
Before joining Emirates NBD, Sullivan worked at Standard Chartered Bank for almost two decades. He joined the bank in December 2002, as Head of Group Reporting, a role
based in London.
In November 2006, Sullivan relocated to Hong Khong, taking on the role of Head of Finance, Wholesale Banking for Hong Kong and Greater China. Four years later, he was
appointed to the position of CFO of Standard Chartered Bank’s China operations, based in Shanghai. In October 2014, Sullivan became the bank’s Group Financial Controller, a role he held until December 2019.
“A great nine months so far delivering $6 billion PBT, with all businesses and countries performing at record levels”
Sullivan in a social media statement discussing the bank’s 9M 2024 results.
Prior to joining Standard Chartered Bank, Sullivan worked as Senior Manager of PwC’s London operations, where he spent 12 years. He joined the consultancy firm in 1984, as a Moscow-based Manager. Between 1997 and 2002 he held the role of Senior Manager, based in London, UK.
Sullivan attended New Zealand’s Massey University and is a Chartered Accountant.
