Divyesh Vithlani, Standard Chartered’s Group Chief Transformation Officer, has moved to First Abu Dhabi Bank (FAB) in the UAE. His previous position was held for two years, following a successful career at Credit Suisse. FAB’s recent hiring spree and Standard Chartered’s expansion plans in the UAE signify both banks’ ambitions in the region.
Standard Chartered’s Group Chief Transformation Officer, Divyesh Vithlani, has departed Singapore to accept a new position in the UAE with First Abu Dhabi Bank (FAB) as the Group Chief Technology and Transformation Officer. His tenure at Standard Chartered lasted for two years, having previously joined the bank from Accenture where he served as a senior managing director.
Divyesh Vithlani began his distinguished career at Credit Suisse, where he ascended from Vice President to Group Chief Technology Operating Officer over a span of fourteen years. After relocating to Switzerland for this role, he ultimately returned to Singapore to continue his career until his recent move to FAB.
FAB has recently accelerated its hiring efforts, evidenced by the recruitment of Omar Hafeez from Citi and other notable talent. The bank’s improving stature was reflected in its fifth overall ranking in the 2024 Ideal Employer Rankings, showcasing its growing appeal in the financial sector.
In a parallel development, Standard Chartered has expressed its intention to expand its private banking team in the UAE by twenty percent, indicating a strategic emphasis on this lucrative market.
The recent migration of Divyesh Vithlani from Standard Chartered to First Abu Dhabi Bank highlights the increasing movement of banking professionals towards the UAE, driven by the region’s appealing work environment. Moreover, both banks are displaying significant growth initiatives, reflecting their ambition to enhance market presence and service capabilities in the UAE. As the competition for top talent intensifies, these moves illustrate the dynamic landscape of the banking industry in this region.
Original Source: www.efinancialcareers.com
