FAB Promotes Futoon Al Mazrouei in Executive Reshuffle
Company - People | Apr 10, 2025 | Zawya
First Abu Dhabi Bank (FAB), the largest lender in the UAE, has announced a reshuffle of its executive committee. Futoon Al Mazrouei has been promoted with expanded responsibilities, now including wealth and business banking in addition to her personal banking duties. This restructuring follows a previously announced reorganisation where business banking was split from corporate banking for SME clients. Wealth management, previously under Michel Longhini, will now not feature on the executive committee, although Longhini continues as head of private banking. Additionally, Neil Barrable, the Group Chief Credit Officer, is departing for personal reasons. FAB has also promoted Noora Al Reyasi to the role of Group Chief HR Officer, succeeding Gareth Powell, who has retired. These changes underscore FAB's evolving strategy and management structure.
Sectors
- Banking and Financial Services
Geography
- United Arab Emirates – First Abu Dhabi Bank, the subject of the article, is the largest bank in the United Arab Emirates, indicating the relevance of this geographic classification.
Industry
- Banking and Financial Services – The article discusses changes within First Abu Dhabi Bank, a major player in the banking and financial services sector in the UAE.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Abu Dhabi Bank (FAB) | Target Company | Companies | FAB is the largest lender in the UAE and is undergoing an executive committee reshuffle. |
| Futoon Al Mazrouei | Promoted Executive | People | Promoted to oversee wealth, business, and personal banking at FAB. |
| Michel Longhini | Head of Private Banking | People | Previously managing wealth, now continues as the head of private banking but not on the executive committee. |
| Neil Barrable | Outgoing Executive | People | The Group Chief Credit Officer leaving FAB for personal reasons. |
| Noora Al Reyasi | Promoted Executive | People | Promoted to Group Chief HR Officer, replacing Gareth Powell. |
| Gareth Powell | Retired Executive | People | Former Group Chief HR Officer who has retired. |
| Hana Al Rostamani | Group CEO | People | Group CEO of FAB under whom these management changes are taking place. |