ARTHUR D. LITTLE STRENGTHENS MIDDLE EASTERN FINANCIAL SERVICES PRACTICE BY APPOINTING KAPIL CHADDA AS PARTNER

Arthur D. Little (ADL) today announced the appointment of Kapil Chadda as a Partner in its Financial Services (FS) practice. Based in ADL's Dubai office, Kapil will support banking, insurance, sovereign wealth funds, government and infrastructure fund clients. He brings over 30 years of experience within corporate and investment banking, M&A, capital markets and corporate/advisory work.

Kapil was formerly Vice Chairman at HSBC's Global Banking & Markets business covering Middle East, North Africa and Türkiye and, prior to that, held senior roles at Bank of America, based in the Middle East, Türkiye, US and UK. Most recently he has been a senior independent advisor, working with clients including Saudi National Bank (SNB) and its affiliates and subsidiaries. Assignments have included acting as Transaction advisor and Chief Integration Officer for the $47 billion merger between NCB and Samba which led to the formation of SNB in 2021. He has also advised on key areas, such as M&A, strategic change management, integration, digital and business transformation.

Martin Rauchenwald, Managing Partner at ADL, comments, "The financial services market within the Middle East is expanding rapidly, transforming through digitalization and a focus on increasing efficiency and reach. As a seasoned expert with deep industry experience, Kapil brings skills and industry knowledge that will support our clients and help us successfully drive the practice forward."

Kapil Chadda, Partner at ADL, adds, "After spending the last 15 years advising financial services companies and government entities across the region, I've built up a strong understanding of their strategic needs and how they can be met. Working with the wider ADL team, I look forward to helping clients to transform both their strategies and operations. The region is growing, transforming and becoming more relevant in the global financial world and ADL is focused on developing its platform to help clients accordingly, which makes this an exciting opportunity for us."

Kapil holds a Master's Degree in Finance from the City University, London, and a Bachelor's Degree in Economics from the London School of Economics.