Abu Dhabi : Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today announced the appointment of Faisal Abu Shaar as the bank’s new Chief Risk Officer.
In his new role, Faisal will be responsible for managing and minimising operational risk through the seamless implementation of the robust policies and procedures of the bank’s Group Risk Management Group. He will also provide governance and risk oversight across the bank’s retail and corporate operations, ensuring compliance with risk-related legal and regulatory guidelines in the UAE and in the bank’s overseas markets.
With more than 27 years of experience in the financial services industry and a strong track record in Risk and Operations functions, Faisal has diversified experience in the banking sector across the ASEAN and the Middle East markets. Prior to his appointment, Faisal worked at Standard Chartered Bank in the UAE, where he held the role of Chief Risk Officer and Group Head of Risk for Islamic Banking.
Faisal will work closely with all business units to ensure adherence to appropriate levels of risk across the bank. His extensive professional experience and high level of expertise will be a strong contributing factor to ADIB’s continuous growth, development, and success.
Faisal holds a Bachelor’s degree in Political Science, Economics and Statistics, and a Master’s degree in Political Science and International Relations from the University of Jordan.
ADIB is a leading bank in the UAE with more than AED 127 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan and Iraq.
Named the no. 1 UAE bank on the Forbes list of World's Best Banks 2021 and the World’s Best Islamic Bank by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products.
For media information, please visit www.adib.ae or contact:
Head of External Communications
Direct: +971 2 6910169
Mobile: +971 504734482
Director of Financial Communications
Mobile: +971 509731173
© Press Release 2021