Emirates NBD announced that it has recruited a new transaction banking head from Standard Chartered. The new hire, Sumit Aggarwal, is to join Emirates NBD as executive vice-president, head of transaction banking services. He is to be based in Dubai and will be managing the bank's entire transaction banking services business. Aggarwal has more than 28 years of experience. At Emirates NBD, he replaces Samir Sahu, who has become Emirates NBD's COO for wholesale banking.