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Arshad Ghafur
Rank: 36
Company: Bank of America
Designation: President—MENA
Sector: Banking
Nationality: British
Global headquarters: U.S.
MENA headquarters: U.A.E.
Ghafur oversees the Bank of America’s capital markets sales, trading and research, corporate and investment banking, and global treasury services across MENA. Ghafur has led some of the bank’s largest transactions, such as the IPOs of Saudi Aramco, ADNOC Distribution, ADNOC Drilling, Al Yah Satellite Company, Emaar Malls, and Emaar Development. In 2020, the Bank of America was the exclusive financial advisor to the Silk Road Fund on Aramco’s $24 billion Oil Pipeline Monetization. Ghafur was the first non-Emirati director to serve on the Higher Board of the DIFC.