Standard Chartered Chief Transformation Officer Moves to UAE with…

Divyesh Vithlani, Standard Chartered’s chief transformation officer, has left Singapore for a position at First Abu Dhabi Bank as group chief technology and transformation officer. His move reflects a broader trend of banking professionals relocating to the UAE, where FAB is experiencing significant growth and attracting senior talent while Standard Chartered is also expanding its operations in the region.

The chief transformation officer of Standard Chartered, Divyesh Vithlani, has departed from Singapore to assume a new role in the United Arab Emirates with First Abu Dhabi Bank (FAB). Vithlani has spent two years with Standard Chartered and previously worked with Accenture as a senior managing director. His career includes significant experience at Credit Suisse, where he rose from VP to group chief technology operating officer over 14 years.

First Abu Dhabi Bank is actively expanding, recently attracting key talent from prominent banks, including Citigroup. This trend reflects FAB’s growing reputation in the financial services sector, ranking fifth in the 2024 Ideal Employer Rankings and securing its position as the second-highest bank after Goldman Sachs. Standard Chartered has likewise demonstrated commitment to the UAE market by announcing a 20% expansion of its frontline private banking team in the region.

In summary, Divyesh Vithlani’s transition from Standard Chartered to First Abu Dhabi Bank exemplifies the trend of financial professionals relocating to the UAE. FAB’s recent hiring initiatives indicate its appeal in the competitive banking landscape. Simultaneously, Standard Chartered’s investment in expanding its operations within the UAE underscores its strategic focus on this promising market.

Original Source: www.efinancialcareers.com