Abu Dhabi Islamic Bank (Adib) has announced the appointment of Mazin Manna as its new Group chief executive officer.

Manna brings 28 years of experience in international banking, with deep knowledge of the regional market. He joins Adib after having been the CEO for Mena at Credit Agricole CIB and Group senior country officer for the UAE. In that capacity, he was responsible for the organisation’s regional business following his appointment in July 2015. He was also a member of the Extended Executive Committee of Credit Agricole CIB.

Previously, Mazin spent 24 years with Citi, where he served as the Chief Executive Officer for Bahrain from 2010 to 2015, overseeing the bank’s corporate, investment and consumer banking businesses.

Jawaan Awaidha Suhail Al Khaili, Adib’s Chairman, said: "The Board of Directors and I are delighted that Mazin Manna will be joining Adib to continue our trajectory of strong growth and lead the bank as we carry out a transformation strategy to enhance our customers’ experience, and to widen and deepen our comprehensive retail and corporate banking offering.”

“His extensive experience and expertise will push Adib’s strategy forward, ensuring that we continue to create value for our customers, employees and investors, as well as contributing fully to the further development of the UAE economy.”

“I would also like to take this opportunity to thank Khamis Buharoon for playing a central role in leading Adib as Acting CEO over the last two years. During that time, the bank has grown significantly to over one million customers, while also further strengthening its financial position. We are grateful to Khamis for his commitment to the bank and he remains a hugely valuable member of the Board,” he added.

Khamis Buharoon, who has been acting chief executive officer since March 2017, will return to his role as vice chairman of the Board while ensuring a smooth transition.

Buharoon said: “It has been a huge privilege to have led Adib in the past two years. The bank is now well positioned for strong sustained growth in the future. I wish Mazin every success in taking the Group forward.”

Manna said: “Adib is a strong and well-established bank with exceptional brand recognition and a strong footprint across retail and corporate banking. We aim to build on the success already achieved by providing our customers with an unmatched customer experience, depth of product, value added services, and enhancing shareholder value, as well as helping to drive the development of a deep and diverse economy in the UAE.

“I look forward to working with the talented team at the bank to capitalise on the institution’s strengths by growing our digital penetration through delivering next-generation services, optimizing our customer financing and resources, while maintaining a robust governance and risk management framework.”

Manna is a graduate of The London school of Economics and Political Science. – TradeArabia News Service