UAE Business: Wio Bank appoints Chairman, CEO – Gulf Digital News

  • Date: 10-May-2022
  • Source: Gulf Digital News
  • Sector:Economy
  • Country:UAE
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UAE Business: Wio Bank appoints Chairman, CEO – Gulf Digital News

Wio Bank, established recently in the UAE, has announced the appointment of Salem Al Nuaimi as Chairman of the Board and Jayesh Patel as Chief Executive Officer.

The leadership appointments follow the bank’s licence approval by the Central Bank of the UAE.

Wio is an integrated digital banking platform jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB) with an initial capital of AED2.3 billion.

Al Nuaimi will bring a wealth of financial industry expertise to Wio through holding several leadership positions at high profile organisations, including serving as board member of ADQ and Managing Director of Abu Dhabi Pension Fund. He was previously Chairman of SEHA – the Abu Dhabi Health Services Company and has held board positions at NYSE-listed AerCap Holdings NV and NASDAQ-listed oil and gas services firm National Energy Services Reunited Corporation (NESR).

As Chairman for Wio, Al Nuaimi will be keenly involved in shaping the platform to be the leading financial partner of choice for businesses and individuals in the UAE.

“It’s an exciting time for the banking industry as it grows to adapt to the ever-changing needs of customers. Today, we are catering to an audience that is digitally savvy and