Thursday 12, January 2017 by Georgina Enzer

NBAD management team changes

Ahead of the completion of the bank’s proposed merger with FGB, four of National Bank of Abu Dhabi’s top management team have left the bank with effect from 1 January 2017. Abdulla Mohammed Saleh AbdulRaheem, Deputy Group Chief Executive Officer; Qamber Ali Al Mulla, Senior Managing Director and Chief Executive Officer – Gulf & International Division; Abdulla Al Otaiba, Senior Managing Director, Group Head, GRC; and Saif Ali Munakhas Al Shehhi, Senior Managing Director, UAE Government and key Abu Dhabi based clients, have all resigned.

Ahead of the completion of the bank’s proposed merger with FGB, four of National Bank of Abu Dhabi’s top management team have left the bank with effect from 1 January 2017. Abdulla Mohammed Saleh AbdulRaheem, Deputy Group Chief Executive Officer; Qamber Ali Al Mulla, Senior Managing Director and Chief Executive Officer – Gulf & International Division; Abdulla Al Otaiba, Senior Managing Director, Group Head, GRC; and Saif Ali Munakhas Al Shehhi, Senior Managing Director, UAE Government and key Abu Dhabi based clients, have all resigned.

As a result of their departures, NBAD has made the following changes to its general management structure:

  • James Burdett, Group Chief Financial Officer will have executive oversight of the Group Marketing and Corporate Communication and Group Human Resources functions;
  • Rüdiger von Wedel, Senior Managing Director and Head of GWB will have responsibility for the Gulf & International Division;
  • Rola Abu Manneh, Senior Managing Director and Head of Client Relationships will manage relationships with the UAE Government and key Abu Dhabi based clients;
  • Suvrat Saigal, Managing Director and Head of Global Retail Banking will continue to have responsibility for the Issuer's Retail Banking services;
  • Nilanjan Ray, Managing Director and Head of Commercial Banking will continue to have oversight of the Issuer's Commercial Banking offering.

In addition, NBAD has replaced Abdulla Al Otaiba with Suvrat Saigal (Managing Director and Head of Global Retail Banking) in the membership of the Assets and Liabilities Committee and the Group Risk Committee. The other departing members of the Issuer's general management will not be replaced as members on the Issuer's Executive Management Level Committees.

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