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Thursday, 13 October 2016

UAE's NBAD, FGB finalise senior management team for merged lender | Reuters

UAE's NBAD, FGB finalise senior management team for merged lender | Reuters:

"National Bank of Abu Dhabi and First Gulf Bank said on Thursday they had finished picking the senior management team to run the combined bank.

The Abu Dhabi-based duo announced in July they would merge to form one of the largest banks in the Middle East and Africa, with assets of around $175 billion, at a time when the emirate is seeking to revamp its economy to meet the challenges of lower oil prices.

First Gulf Bank (FGB) board member and managing director Abdulhamid M. Saeed had already been tapped to lead the new bank, with National Bank of Abu Dhabi (NBAD) chief financial officer James Burdett assuming the same role at the merged entity."



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