Divyesh Vithlani Takes the Helm as CTTO at First Abu Dhabi Bank
Portfolio - People | Feb 17, 2025 | Zawya
First Abu Dhabi Bank (FAB), the leading bank in the UAE by assets, has appointed Divyesh Vithlani as the new Chief Technology and Transformation Officer (CTTO). Vithlani will report directly to CEO Hana Al Rostamani, bringing his experience from Standard Chartered Bank Singapore and Accenture. This appointment is part of FAB’s ongoing leadership restructuring, which recently saw the resignation and departure of several top executives. The bank, formed from the 2017 merger of the National Bank of Abu Dhabi and First Gulf Bank, is primarily owned by Mubadala Investment Company and the Abu Dhabi ruling family. Despite considering a bid for Standard Chartered to enhance its presence in emerging markets, FAB chose not to pursue the acquisition last year.
Sectors
- Banking and Financial Services
- Technology and Transformation
Geography
- United Arab Emirates – First Abu Dhabi Bank, the focus of the article, is based in the UAE and is the largest bank by assets in the region.
- Singapore – The new CTTO, Divyesh Vithlani, previously worked at Standard Chartered Bank in Singapore, indicating an international influence in the appointment.
Industry
- Banking and Financial Services – The article pertains to staffing and strategic developments within First Abu Dhabi Bank, highlighting its new appointment, restructuring, and acquisition considerations.
- Technology and Transformation – The appointment of a Chief Technology and Transformation Officer underscores the focus on technological advancement and organizational transformation within the bank.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Divyesh Vithlani | Chief Technology and Transformation Officer | People | Recently appointed CTTO of First Abu Dhabi Bank, formerly at Standard Chartered and Accenture. |
| First Abu Dhabi Bank (FAB) | Target | Company | The UAE's top lender by assets, involved in ongoing leadership restructuring. |
| Hana Al Rostamani | CEO | People | CEO of First Abu Dhabi Bank overseeing strategic and leadership changes. |
| Standard Chartered Bank | Previous Employer of CTTO | Company | Divyesh Vithlani's former employer, where he was a Group Chief Transformation Officer. |
| Mubadala Investment Company | Major Shareholder | Company | One of the largest shareholders of First Abu Dhabi Bank. |
| Abu Dhabi Ruling Family | Major Shareholder | People | One of the largest shareholders of First Abu Dhabi Bank. |