First Abu Dhabi Bank (FAB) has appointed Hana Al Rostamani as the first woman group chief executive officer of the UAE’s biggest lender by assets.

Al Rostamani, who is currently the deputy group CEO, will replace André Sayegh, Sheikh Tahnoon Bin Zayed Al Nahyan, FAB chairman, announced in a bourse filing to the Abu Dhabi Securities Exchange (ADX).

Sayegh, whose appointment was announced in February last year, will be retiring next month after 21 years with the bank.

Hana has a Master’s degree in information management from George Washington University in the US and has been in the field of banking and financial services for more than 20 years. She has served as an independent director in Emirates Integrated Telecommunication Company (Du) and was vice chairperson of the Emirates Institute for Banking and Financial Services.

She has been responsible for leading the consumer bank vision towards customer centricity and digitisation.

“FAB has always been an organisation that champions diversity and the appointment of our first female group CEO to lead our company into the future is truly something to value,” Al Nahyan said.

(Reporting by Cleofe Maceda; editing by Seban Scaria)

Cleofe.maceda@refinitiv.com

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