FAB Reshuffles Executive Committee with Key Promotions
Company - People | Apr 10, 2025 | Zawya
First Abu Dhabi Bank (FAB), the United Arab Emirates' largest lending institution, has made strategic changes to its executive committee. The bank has expanded Futoon Al Mazrouei’s role by adding responsibility for wealth and business banking to her existing remit of personal banking. This organizational shift follows the bank's reorganisation strategy where business banking, previously under corporate, is now a separate entity focused on SME clients. Wealth management, which was under the jurisdiction of Michel Longhini, continues under his leadership for private banking, albeit with changes in his executive committee role. Meanwhile, Neil Barrable, Group Chief Credit Officer, is stepping down for personal reasons. Additionally, Noora Al Reyasi has been elevated to Group Chief HR Officer, succeeding Gareth Powell who has retired. These changes reflect FAB's ongoing efforts to revamp its management structure since the beginning of the year.
Sectors
- Banking
- Financial Services
- Human Resources
Geography
- United Arab Emirates – The article focuses on First Abu Dhabi Bank, the largest lender in the UAE, and its internal changes.
Industry
- Banking – This article pertains to the banking industry, specifically dealing with First Abu Dhabi Bank’s internal management and organizational restructuring.
- Financial Services – The restructuring at FAB involves roles in wealth management and business banking, integral components of the financial services sector.
- Human Resources – Relevant due to the focus on executive staff changes and HR leadership within the bank.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Abu Dhabi Bank (FAB) | Company undergoing executive changes | Company | UAE's largest bank restructuring its executive committee. |
| Futoon Al Mazrouei | New responsibilities for wealth and business banking | Person | Executive promoted with expanded role in FAB. |
| Michel Longhini | Head of Private Banking | Person | Continues as head of private banking at FAB but not on the executive committee. |
| Neil Barrable | Departing Group Chief Credit Officer | Person | Leaving FAB's executive committee for personal reasons. |
| Noora Al Reyasi | Promoted to Group Chief HR Officer | Person | Elevated to executive committee, succeeding Gareth Powell. |
| Gareth Powell | Retired HR Officer | Person | Previous Group Chief HR Officer at FAB. |
| Hana Al Rostamani | Group CEO | Person | The leader under whom these executive changes are being made. |