First Abu Dhabi Bank opens new branch in ADGM

First Abu Dhabi Bank opens new branch in ADGM

The new branch is now fully operational, and will be led by Mustafa Al Khalfawi as CEO of FAB ADGM branch.

Published: Thu 16 Jun 2022, 7:17 PM Last updated: Thu 16 Jun 2022, 7:20 PM

First Abu Dhabi Bank (FAB) has opened a new branch in Abu Dhabi Global Market (ADGM), after being granted a license by the ADGM Financial Services Regulatory Authority. The opening is a key milestone in FAB’s expansion plans and will help to further strengthen ties with clients based in Abu Dhabi’s international financial centre.

Functioning as standalone entity under ADGM rules, the branch’s clientele base includes multinational, regional and local top-tier corporates, financial institutions, including non-banking financial institutions, and government-related entities. Its focus is to serve and develop relationships with FAB Group’s core clients operating in and from ADGM, drawing on FAB’s global relationships, expertise and financial strength.

Martin Tricaud, Group Head of Investment Banking, FAB, said: “ADGM is elevating Abu Dhabi’s position as a global trade and business hub, and deepening the Emirate’s role as a bridge between the region and other key international markets. With the expansion of our presence in ADGM’s vibrant financial services ecosystem, FAB can better serve its clients through specialised offerings, and