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Mon 10 Sep 2018 10:23 AM

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Standard Chartered appoints new CEO for UAE

Rola Abu Manneh was previously senior managing director of First Abu Dhabi Bank

Standard Chartered appoints new CEO for UAE
Standard Chartered has named former First Abu Dhabi Bank senior managing director Rola Abu Manneh as the new chief executive of its business in the UAE.

Standard Chartered has named former First Abu Dhabi Bank senior managing director Rola Abu Manneh as the new chief executive of its business in the UAE, succeeding Julian Wynter, it was announced on Sunday.

In additional to serving as senior managing director, Abu Manneh previously was the head of First Abu Dhabi Bank’s corporate and investment banking division for the Abu Dhabi region.

She also held senior positions in the bank’s domestic and international banking divisions and in wholesale banking.

“Rola’s leadership and experience will further strengthen and deepen our client relationships in the UAE and she will play a key role in achieving our aspirations in one of the most significant markets for the group,” said Sunil Kaushal, Standard Chartered’s regional CEO for Africa and the Middle East.

In a statement, Abu Manneh said that she is “looking forward to continuing the growth of the bank’s business and to strengthening relationships with clients, staff, regulators and the community at large.”

Standard Chartered posted over $3 billion in profit before tax in 2017, an 175 percent increase from 2016 and restored issuing dividends first suspended in 2015, when it posted its first annual loss in a quarter century.

The Africa and Middle East region, for its part, posted profits before tax of $642 million, a 49 percent jump from the previous year.

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