Noor Menai is a Pakistani-American banker. He has served as the President and CEO of Charles Schwab Bank (2006–07) and of

CTBC Bank CTBC Bank () is amongst the largest privately owned banks in Taiwan. History It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, i ...

USA (2010–present).

Background

Menai came to the US from Pakistan at the age of 19. He attended the

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of Roc ...

New York state New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. stat ...

from 1986 to 1989, receiving a bachelor's degree in economics.Noor Menai
" Bloomberg. He received an

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

from the university the following year. A Discussion with CTBC Bank’s Noor Menai
" ''Boyden'' 5.21. Menai attended the

Kellogg School of Management The Kellogg School of Management at Northwestern University (also known as Kellogg) is the business school of Northwestern University, a private research university in Evanston, Illinois. Founded in 1908, Kellogg is one of the oldest and most p ...

Northwestern University Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world. Charte ...

in Illinois in 1994. Noor Menai
LinkedIn. Menai’s banking career began at

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

in 1990, where he worked in branch support and other

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

positions. In 1997, he joined Citibank, where he remained for the next nine years in a variety of roles, eventually becoming a Managing Director in the Corporate and Investment bank.

Charles Schwab and Fajr Capital

In 2006, Menai became President and CEO of Charles Schwab Bank, holding the position for 11 months. In this role, he oversaw a re-designed deposit platform for the bank, titled "World’s Best Checking." He worked to institute technological innovation at Charles Schwab, for example permitting employees to have multiple configurations on their computers for work and for personal use.Stephen Pritchard.
Profile: Noor Menai, head of US operations at Chinatrust Commercial Bank
" ''The Financial Times.'' October 18, 2011. In 2007, Menai helped to found Fajr Capital, a sovereign-backed private equity firm based in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

CTBC Bank

Menai was made the President and CEO of

(USA), headquartered in

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

, in 2010. He worked to expand the bank's small business lending, arguing that small businesses were often more flexible in response to marketplace demands than large ones. An important part of CTBC's business is assisting with investment and immigration from China. Menai opposes "

Cold War The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because the ...

" thinking in US/Chinese relations, believing that it harms the economies of both nations and leads to "wasted treasure and a stalemate neither we nor the rest of the world can afford." After the turmoil in Chinese markets in late 2015/early 2016, Menai predicted to the ''

Los Angeles Times The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the Un ...

'' that more Chinese investors would be moving money overseas, creating further business opportunities for banks like CTBC.Chris Kirkham and Paresh Dave.
China's financial turmoil won't disrupt California's economy
" ''Los Angeles Times.'' January 8, 2016.

References

{{DEFAULTSORT:Menai, Noor Living people American bankers University of Rochester alumni Year of birth missing (living people)