The Banking Executive Magazine - February 2025 Issue

Career Chronicle First Abu Dhabi Bank (FAB), the UAE’s top lender by assets, has ap- pointed Divyesh Vithlani as its Chief Technology and Transformation Offi- cer (CTTO). Vithlani will be reporting to CEO Hana AlRostamani. He served as the Group Chief Transformation Officer at Standard Chartered Bank Singa- pore and worked with Accenture for a little more than five years, holding positions including Senior Managing Director. FAB has been reshuffling the bank's leadership for quite some time. In January, Sameh Al Qubaisi, head of global markets, and Suhail Bin Tarraf, chief operating officer, left the bank. Last year, Thomas Spitz, FAB's new head of global markets, resigned. FAB was formed in 2017, after the merger of the National Bank of Abu Dhabi and First Gulf Bank. Mubadala Investment Company and the Abu Dhabi ruling family are the largest shareholders of FAB. CEO Hana Al Rostamani has been steering the bank from 2021. To in- crease its focus on emerging markets, FAB had considered a bid for Stan- dard Chartered, but decided not to pursue it in January last year. ISSUE 194 FEBRUARY 2025 the BANKING EXECUTIVE 45 FIRST ABU DHABI BANK APPOINTS DIVYESH VITHLANI AS CTTO