Al Hilal Bank appoints Chief Executive Officer

Abdul Shakeel replaces Amr Al Menhali, who has been announced as the incoming CEO of Waha Capital

  
Abdul Shakeel

Abdul Shakeel

Abu Dhabi: Al Hilal Bank’s Board of Directors has appointed Abdul Shakeel Aidaroos as the Bank’s new Chief Executive Officer. Abdul Shakeel replaces Amr Al Menhali, who has been announced as the incoming CEO of Waha Capital.

Al Hilal Bank, which was acquired by the ADCB Group following the merger between Abu Dhabi Commercial Bank (ADCB) and Union National Bank in May 2019, has embarked on a transformation strategy focused on delivering Shari’ah-compliant retail banking services through digital channels.

Abdul Shakeel brings over 25 years of banking industry experience, with deep expertise in retail banking, digital innovation and risk management. He has held senior positions at ADCB for 15 years, including the last 5 years as Head of Retail Banking, where he managed a team of 2,000 professionals and launched many of ADCB’s award-winning consumer products and digital banking channels. Prior to joining ADCB, he spent over 10 years with Citibank in the UAE, and has a Master’s degree in Risk Management from NYU Stern School of Business.

Ala'a Eraiqat, Chairman of Al Hilal Bank, said: “Abdul Shakeel brings significant retail banking experience as he joins Al Hilal Bank at an exciting moment. He will lead the Bank through an ambitious digital transformation to become a prominent player in contemporary Islamic banking. The Bank is investing significantly in new technology and digital capabilities to enhance the customer experience in a fast changing consumer environment. I am extremely proud and thankful for Amr Al Menhali’s contribution over 14 years to the accomplishments of ADCB Group, and wish him equal success in the future.”

Abdul Shakeel Aidaroos, CEO of Al Hilal Bank said: “I would like to thank the Board of Directors for their support. I am delighted to take the helm as Al Hilal Bank continues its journey as part of the wider ADCB Group. We are building a strong, modern financial institution that delivers high quality service to our customers and makes a positive contribution to the UAE’s economic future.”

Ends

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases