National Bank of Fujairah PJSC (NBF) announced the launch of "NBF GenNext", a leadership programme designed to help the children of the bank’s corporate and institutional banking clients develop business skills for when they take on leadership roles within their family businesses.

Developed in conjunction with Fitch Learning, a leading provider of learning and development solutions for the financial services industry, NBF GenNext was launched in the bank’s Dubai offices yesterday. Industry experts and NBF bank management presented insights on how to successfully run a business and sustain it for future generations.

The inaugural GenNext group of 14 students, mostly fresh university graduates and all scions from established family-run firms within the UAE, were guided through management and financial principles ranging from identifying shareholder returns to developing corporate funding strategies that are appropriate for their businesses.

The one-week complimentary programme also gave participants the opportunity to network with NBF management and senior practitioners in the bank’s specialist areas from treasury to trade finance. The bank plans to make NBF GenNext an annual client engagement programme and tailor it to the different succession planning requirements of its corporate customers.