National Bank of Abu Dhabi (NBAD), the largest lender by market value in the UAE, has appointed Mohammed Ali Yasin as head of its brokerage subsidiary.

Yasin, a veteran financial markets analyst, will lead Abu Dhabi Financial Services, NBAD's fully-owned brokerage unit, the bank said in a statement on Monday.

Yasin was formerly chief investment officer at CAPM Investment and chief executive of Shuaa Capital's securities arm.