UAE's Al Hilal Bank hires new CEO to lead digital transformation

Al Hilal Bank's board of directors has appointed Abdul Shakeel Aidaroos as its new CEO
UAE's Al Hilal Bank hires new CEO to lead digital transformation
Al Hilal Bank was acquired by the ADCB Group following the merger between Abu Dhabi Commercial Bank and Union National Bank in May.
By Sam Bridge
Mon 02 Sep 2019 03:38 PM

Al Hilal Bank’s board of directors has appointed Abdul Shakeel Aidaroos as the lender's new CEO.

He replaces Amr Al Menhali, who has been announced as the incoming CEO of Waha Capital, a statement said.

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, has embarked on a transformation strategy focused on delivering Shari’ah-compliant retail banking services through digital channels.

The bank said Aidaroos 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 five years as head of retail banking. Prior to joining ADCB, he spent over 10 years with Citibank in the UAE.

Ala'a Eraiqat, chairman of Al Hilal Bank, said: “Abdul Shakeel... 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.”

Aidaroos added: “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.”

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