ADCB's chairman, CEO to fill top positions in new Abu Dhabi merged bank-sources | ZAWYA MENA Edition:
Abu Dhabi Commercial Bank's chairman and chief executive will fill the top positions within the company to be created after the merger with Union National Bank UNB.AD and Al Hilal Bank, three sources aware of the merger said.
ADCB is the largest bank within the three-way tie-up, which could form a bank with around $113 billion in assets and become the third largest lender in the United Arab Emirates after First Abu Dhabi Bank and Emirates NBD.
Eissa Mohamed al Suwaidi, chairman of ADCB, will take the same post at the new bank, with Ala'a Eraiqat, ADCB's chief executive, assuming the role of CEO, the sources said. Both have been in their current positions for roughly a decade.
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