(FAB) appoints Martin Tricaud as Group Head of its Investment Banking Group and Futoon Almazrouei as Group Head of Consumer Banking Group UAE, as the UAE’s largest bank continues to build its leading position in local and international markets. Both Martin and Futoon will report directly to FAB’s Group Chief Executive Officer, Hana Al Rostamani.
Martin was previously CEO MENAT and Deputy Chairman of HSBC Middle East Ltd. Prior to this, he was CEO for HSBC Australia and HSBC Korea and held senior leadership positions over two decades at HSBC Global Banking and Markets across the Middle East, the UK and Europe. Martin Tricaud will be responsible for leading FAB’s group-wide investment banking business.
Futoon brings extensive experience to the role, having previously held leadership positions across FAB’s consumer banking business where she was central to driving the group’s digital transformation agenda. Futoon Almazrouei will be responsible for driving growth in FAB’s UAE consumer banking franchise.
Martin and Futoon will play pivotal leadership roles in strengthening FAB’s position as a regional and global leader both in consumer banking and investment banking in the region and beyond.
The appointments come as FAB continues to focus on accelerating business growth, capitalising on its unique competitive strengths to unlock opportunities for its clients, people and all stakeholders to drive further growth and transformation.
About First Abu Dhabi Bank (FAB)
FAB is the UAE’s largest bank and one of the world’s largest and safest financial institutions. FAB’s vision is to create value for its employees, customers, shareholders and communities to grow stronger through differentiation, agility and innovation.
Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. FAB is a trusted adviser and regional partner to major institutions, emerging companies and individuals seeking to do business in the UAE, the MENA region and beyond. As an engine of growth for the region, it helps customers to thrive and grow stronger by managing risk, providing access to capital and facilitating trade flows across developed and emerging markets.
With total assets of AED 944 Billion (USD 257 Billion) as of June-end 2021, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively – the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally. The Banker’s Top 1000 World Banks 2021 rankings, measured by Tier 1 capital, ranked FAB as #1 in the UAE, #3 in the Middle East and #94 across the globe. FAB is also a regional sustainability leader (MSCI ESG rating of AA, ‘Leader’ category), and a constituent of MSCI ESG Leaders and FTSE4Good EM indices.