Finance

First Abu Dhabi Bank Revamps Structure to Target Gulf Dominance

A First Abu Dhabi Bank PJSC branch and office building in Abu Dhabi.Photographer: Christopher Pike/Bloomberg
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First Abu Dhabi Bank PJSC is pursuing a sweeping internal reorganization, the latest effort under chief executive Hana Al Rostamani to position the lender as the Gulf region’s leading financial franchise.

As part of the overhaul, the bank will have four major business lines: investment banking and markets; wholesale banking; personal, wealth and business banking; and international banking, Al Rostamani said in a memo to staff seen by Bloomberg News.