"Royal Bank of Scotland's former chief executive of its Middle East and Africa business is joining Abu Dhabi-based First Gulf Bank (FGB), the Abu Dhabi-based lender said on Tuesday.
Simon Penney, who resigned from RBS in March, will join FGB as head of its expanding wholesale banking division in July, a spokesman for the bank said on Tuesday, confirming an earlier report by Reuters. At RBS Penney was replaced by James Miller.
While Western banks have scaled back their operations in the region mainly due to issues back home, local banks, who are flush with liquidity, have been aggressively expanding and increasing their market share in investment banking activities."
'via Blog this'
No comments:
Post a Comment