First Abu Dhabi Bank: Biggest UAE Bank Taps Bin Tarraf to Replace Departing COO - Bloomberg
First Abu Dhabi Bank PJSC has appointed Suhail Bin Tarraf to the role of group chief operating officer, according to people familiar with the matter, in one of the most important personnel choices made by the new head of the biggest lender in the United Arab Emirates.
Bin Tarraf, who served as chief operations officer at Dubai-based Emirates Islamic Bank, will be partially replacing Fadel Al Ali, said the people, who asked not to be named because the matter isn’t public. Al Ali, who was about to leave the bank late last year, held the additional role of deputy chief executive officer.
FAB, as the Abu Dhabi bank is known, and Emirates Islamic Bank didn’t respond to requests for comment.
In the nearly one year since Hana Al Rostamani took over as group CEO, FAB has embarked on a broad management overhaul that’s led to the departures of several executives in the private bank and investment banking division, Bloomberg News reported in September. The bank has won mandates last year on several high-profile transactions across the Gulf during a flurry of dealmaking and initial public offerings in the region.
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