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Monday, 6 February 2017

Ahead of merger, UAE banks NBAD, FGB finalise second-tier management | Reuters

Ahead of merger, UAE banks NBAD, FGB finalise second-tier management | Reuters:

"National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have picked the second level management team for the combined entity to be created through their merger, sources told Reuters on Monday. In October the two Abu Dhabi lenders said they had appointed the top level management team to run the combined bank, set to be one of the largest in the Middle East and Africa with assets of around $175 billion. Around 70 senior positions have now been filled at what the bank calls the N-2 level, sources said, citing an internal memo sent late Sunday."



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