Former private banking director at Barclays Talal Abdin Nasralla is to become chief executive of UAE superyacht yard Gulf Craft.
Nasralla, who joined the yard in late 2020 as chief strategy officer, will focus on implementing a global growth strategy in his new role as chief executive.
Nasralla has experience managing the assets of high net worth clients in director roles at Barclays and Credit Suisse AG. He was also previously a board member of the Gulf Finance Corporation and Shuaa Capital Saudi Arabia.
Speaking about his ambitions as chief executive, Nasralla said: “With the deep experience and insights of our chairman and the board guiding us, we will leverage Gulf Craft’s competencies as a proud ‘Made in UAE’ company delivering world-class yachts to the world.”
Gulf Craft chairman Mohammed H Alshaali added: “Building on our nearly four decades of heritage in yacht and boat manufacturing, we are now focused on an expansion strategy that will take the Gulf Craft brand to new territories globally.
“Talal, who brings over 15 years of experience, will lead our management team to strengthen the company’s position as a global industry leader.”
Acting chief executive Abeer Alshaali will now take on the role of deputy managing director, overseeing the expansion of the company in the US and Europe, as well as other key markets.
It comes after former chief executive Greg Yeakle stepped down in June 2019 after just a year in the role.