First Abu Dhabi Bank hires new head of investment banking from HSBC – Reuters
HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid
DUBAI, Sept 8 (Reuters) – First Abu Dhabi Bank (FAB.AD), the United Arab Emirates' largest lender, has hired Martin Tricaud as head of investment banking, the bank said in a statement on Wednesday.
Tricaud was previously chief executive officer for the Middle East, North Africa and Turkey region at HSBC (HSBA.L).
"Martin Tricaud will be responsible for leading FAB's group-wide investment banking business," the bank said, confirming what sources had told Reuters earlier.
Tricaud, who spent over 13 years at HSBC, left the UK-listed lender in April this year, according to his LinkedIn profile.
FAB has seen senior management level changes since the start of the year, the latest on Wednesday when its head of corporate finance Andy Cairns left, sources told Reuters on Tuesday. read more
Earlier this year Hana al-Rostamani became the bank's first female chief executive, replacing banking veteran Andre Sayegh who retired.
FAB said it has also appointed Futoon Almazrouei, who was already working at the lender, as head of consumer banking.
FAB in recent years has become aggressive in the regional loans and bonds market, playing a major role in UAE, Saudi Arabian and Egyptian deals.
Prospects for UAE's banking sector have improved after the economic shock of COVID-19 last year, with rating agency Moody's predicting on Tuesday UAE's top banks are likely to see profits increase over the next 12 to 18 months as they book lower loan-loss provisions. read more
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Iran on Thursday dismissed the U.N. nuclear watchdog's work as "unprofessional" and "unfair" shortly before the two sides are due to hold talks aimed at resolving a standoff over the origin of uranium particles found at old but undeclared sites in Iran.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved
