Abu Dhabi Commercial Bank has named Jerry Mollenkramer, formerly at UK lender RBS, as group chief operating officer, a new position at the bank, the lender said.
The move follows the acquisition of RBS’ retail assets in the UAE by ADCB last year for about $100 million, to expand its domestic footprint.
“The bank has experienced substantial growth in recent years, especially following the acquisition of the RBS retail bank in the UAE,” Ala’a Eraiqat, chief executive officer of ADCB, said in the statement.
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