Global Meets Local – Top 50 Executives Regional Executives Heading International Companies
Rank: #30

Arshad Ghafur

Sector: Banking
Company: Bank of America
Designation: President, MENA
Nationality: British
Headquarters: United States
Local Headquarters: U.A.E.
Ghafur’s responsibilities include overseeing capital markets, sales, trading and research, corporate and investment banking, and global treasury services in MENA. He has led a number of significant transactions for Bank of America, including the IPOs of Saudi Aramco, ADNOC Distribution, Emaar Malls, and Emaar Development. Earlier this year, Ghafur and his team were the Joint Financial Advisor to ADNOC Infrastructure on the sale of a 49% stake in a portfolio of gas pipelines to a consortium of investors. Worth $10.1 billion, it was one of the largest energy M&A transactions in the Middle East and Africa in the last decade.