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ADIB appoints Haytham El Maayergi as Global Head of Transaction Banking

Bank is looking to step up its focus on developing innovative Transaction Banking products for Corporate Clients

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution has announced today the appointment of Haytham El Maayergi as Global Head of its Transaction Banking Business.

Haytham joins from Standard Chartered Bank where he was Managing Director and UAE Country Head of Transaction Banking for 6 years Haytham reports into Arif Usmani, Global Head of Wholesale Banking Group, ADIB.

Haytham has more than 23 years of banking experience and has held several key roles around the region, starting with Societe Generale, and moving to Citi where he was Country Head of Global Transaction Services for Egypt, UAE and Iraq. Haytham also has experience in heading client coverage for Multinational companies and Financial Institutions during his career at Citi.

Commenting on the appointment, Arif Usmani said, “Transaction Banking is an area that has traditionally been dominated by international banks due to their scale and network. ADIB is now focused on developing a world-class Transaction Banking capability to meet the growing demand for a strong regional player to service increasingly sophisticated client needs across the Middle East”. I would like to welcome Haytham to the team and am confident that his expertise will take this business to the next level”.

“As a bank with a growing international network, we would like to leverage our footprint and capture the opportunities that are being presented to us through the inter-regional and international cash and trade flows, Usmani added.

Haytham holds a degree in Computer Engineering and an MBA from the American University in Cairo.

In addition to its wide presence in the UAE, ADIB is currently present in the UK, Qatar, Iraq, Sudan and Egypt and has a Joint Venture consumer finance business in the KSA.