First Abu Dhabi Bank Appoints Divyesh Vithlani as CTTO
Portfolio - People | Feb 17, 2025 | Zawya
In a strategic leadership move, First Abu Dhabi Bank (FAB), the United Arab Emirates' premier lender, has appointed Divyesh Vithlani as Chief Technology and Transformation Officer. Vithlani, who will report directly to CEO Hana AlRostamani, joins FAB with a wealth of experience, having previously served as the Group Chief Transformation Officer at Standard Chartered Bank Singapore and held senior positions at Accenture. This appointment aligns with FAB's ongoing leadership reshuffling, which saw significant exits over the past year, reflecting the bank's focus on restructuring to enhance its position in emerging markets. Despite considering an acquisition of Standard Chartered to bolster its global presence, FAB decided against pursuing the bid early last year. The bank itself was formed in 2017 through the merger of the National Bank of Abu Dhabi and First Gulf Bank, with Mubadala Investment Company and the Abu Dhabi ruling family as its largest shareholders. CEO AlRostamani, leading since 2021, is steering FAB towards capturing opportunities in emerging markets, indicative of its strategic growth and transformation plans.
Sectors
- Banking and Finance
- Technology and Transformation
Geography
- United Arab Emirates – First Abu Dhabi Bank is headquartered and primarily operates in the UAE, making it relevant to the geographical context of the article.
- Singapore – Divyesh Vithlani's previous role at Standard Chartered Bank Singapore is relevant to his professional background and the international aspect of the banking sector.
Industry
- Banking and Finance – The article revolves around First Abu Dhabi Bank, a leading financial institution, and highlights strategic leadership appointments which are significant within the banking sector.
- Technology and Transformation – The appointment of Divyesh Vithlani as Chief Technology and Transformation Officer emphasizes the role of technology and transformation within the banking sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Abu Dhabi Bank (FAB) | Employer | Company | FAB is the leading bank in the UAE, formed by the merger of National Bank of Abu Dhabi and First Gulf Bank. |
| Divyesh Vithlani | Chief Technology and Transformation Officer | Person | Newly appointed CTTO at FAB, previously served at Standard Chartered Bank Singapore. |
| Hana AlRostamani | Chief Executive Officer | Person | The current CEO of FAB, steering the bank since 2021. |
| Standard Chartered Bank Singapore | Former Employer | Company | Vithlani's previous employer, where he was the Group Chief Transformation Officer. |
| Accenture | Former Employer | Company | Vithlani's former employer where he held senior managing director positions. |
| Mubadala Investment Company | Major Shareholder | Company | One of the largest shareholders of FAB. |
| Abu Dhabi ruling family | Major Shareholder | Government | One of the largest shareholders of FAB. |