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Abu Dhabi: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors today announced the appointment of Mazin Manna as ADIB’s new Group Chief Executive Officer, after obtaining UAE Central Bank approval.
Mazin Manna 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 organisation’s regional business following his appointment in July 2015. He was also a member of the Extended Executive Committee of Credit Agricole CIB.
Previously, Mazin spent 24 years with Citi, where he served as the Chief Executive Officer for Bahrain from 2010 to 2015, overseeing the bank’s corporate, investment and consumer banking businesses. He formerly co-headed Citigroup's corporate and investment banking business in the Middle East and has also held several other senior positions in Islamic banking and corporate finance during his career including Managing Director of Citi Islamic investment Bank.
H.E. Jawaan Awaidha Suhail Al Khaili, ADIB’s Chairman, commented: "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 ADIB’s 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.”
“I would also like to take this opportunity to thank Khamis Buharoon for playing a central role in leading ADIB as Acting CEO over the last two years. During that time, the bank has grown significantly to over one million customers, while also further strengthening its financial position. We are grateful to Khamis for his commitment to the bank and he remains a hugely valuable member of the Board.”
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.
Khamis Buharoon, ADIB’s vice chairman said, “It has been a huge privilege to have led ADIB in the past two years. The bank is now well positioned for strong sustained growth in the future. I wish Mazin every success in taking the Group forward.”
Mazin Manna, the newly appointed CEO, 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. I look forward to working with the talented team at the bank to capitalise on the institution’s strengths by growing our digital penetration through delivering next-generation services, optimizing our customer financing and resources, while maintaining a robust governance and risk management framework.”
Mazin is a graduate of The London school of Economics and Political Science.
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About ADIB
ADIB is a leading bank in the UAE with more than AED 124 billion in assets. Its 1 million customers benefit from the third largest distribution network in the UAE with 81 branches and more than 700 ATMs. 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).
In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 36 percent of the bank’s workforce being UAE Nationals.
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.
Named “Best Islamic Bank globally” 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 Etihad and Etisalat and a wide range of financing products.
For media information, please visit www.adib.ae or contact:
ADIB Brunswick Group
Radwa Shehab
Head of External Communications
Direct: +971 2 6910169
Mobile: +971504734482
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