ABU DHABI - Abu Dhabi Islamic Banks, ADIB, Board of Directors today announced the appointment of Mazin Manna as ADIBs new Group Chief Executive Officer, after obtaining UAE Central Bank approval.

Mazin Manna - a graduate of the London school of Economics and Political Science - brings 28 years of experience in international banking, with deep knowledge of the regional market. With considerable expertise in institutional and commercial banking, he has led the growth of several businesses, while demonstrating a disciplined approach to governance and risk management.

He joins ADIB after having been the CEO for the Middle East and North Africa at Credit Agricole CIB and Group Senior Country officer for the UAE. In that capacity, he was responsible for the organisations regional business following his appointment in July 2015. He was also a member of the Extended Executive Committee of Credit Agricole CIB.

Commenting on Manna's appointment, Jawaan Awaidha Suhail Al Khaili, ADIBs Chairman, said, "The Board of Directors and I are delighted that Mazin Manna will be joining ADIB to continue our trajectory of strong growth and lead the bank as we carry out a transformation strategy to enhance our customers experience, and to widen and deepen our comprehensive retail and corporate banking offering. His extensive experience and expertise will push ADIBs strategy forward, ensuring that we continue to create value for our customers, employees and investors, as well as contributing fully to the further development of the UAE economy."Khamis Buharoon, who has been Acting Chief Executive Officer since March 2017, will return to his role as Vice Chairman of the Board while ensuring a smooth transition.

For his part, Manna said, "ADIB is a strong and well-established bank with exceptional brand recognition and a strong footprint across retail and corporate banking. We aim to build on the success already achieved by providing our customers with an unmatched customer experience, depth of product, value added services, and enhancing shareholder value, as well as helping to drive the development of a deep and diverse economy in the UAE."

Copyright Emirates News Agency (WAM) 2019.