Islamic Finance

Abu Dhabi Islamic Bank names new Group CFO

Abu Dhabi Islamic Bank on Monday (June 22) named its new Group Chief Financial Officer.

Mohamed Abdel Bary joins the standalone Islamic bank from Standard Chartered where his most recent role was as Regional CFO for Africa and the Middle East, ADIB said in a statement. 

The appointment of a new Group CFO follows a recent C-Suite change at the bank. ADIB is currently operating under Acting CEO Sandeep Chouhan after Mazin Manna resigned effective May 31

ADIB's first quarter profit plunged 55% year-on-year to 269.69 million dirhams ($73.44 million) as credit provisions and impairments soared. 

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