FAB Appoints Al Binali to Head Corporate and Commercial Banking - Bloomberg
First Abu Dhabi Bank PJSC appointed Sara Al Binali as head of corporate and commercial banking at the UAE’s biggest bank, people familiar with the matter said.
Al Binali replaces Shirish Bhide, who is leaving the bank, the people said, asking not be identified because they aren’t authorized to discuss the matter with the media.
Al Binali has served as head of business banking since July 2020 and was the head of strategic planning before that, according to her LinkedIn profile. She began her career in 1999 at the Abu Dhabi Investment Authority, the emirate’s biggest sovereign wealth fund.
FAB, as the Abu Dhabi lender is known, declined to comment when reached by Bloomberg. Bhide didn’t respond to requests for comment.
Since Hana Al Rostamani took over as chief executive officer in early 2021, 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 on several high-profile transactions across the Gulf amid a flurry of deal-making and initial public offerings in the region.
Formed from the merger of National Bank of Abu Dhabi and First Gulf Bank in 2017, FAB is half owned by sovereign wealth fund Mubadala Investment Co. and members of the emirate’s ruling family.
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