UAE’s new digital bank sets up Board, with Mohammed Alabbar as Chairman

UAE’s new digital bank sets up Board, with Mohammed Alabbar as Chairman

Dubai: Ahead of its imminent launch, one of the UAE new digital banks Zand has constituted its Board of Directors, led by Mohamed Alabbar of Emaar and noon. The Chief Commercial Officer of Emirates, Adnan Abdulfattah Kazim Abdulfattah, joins the Board as an independent director. He is also on the board of Emirates Airline Foundation and is the Chairman of Emaar Development. Another Zand board member is Gregory Johnson, who is Executive Chairman and Chairman of Franklin Resources, Inc. During his 15 years as CEO of Franklin Templeton, Johnson led the company’s rise to be one of the world’s largest global asset managers. Franklin Templeton currently has approximately $1.45 trillion in assets under management. Representing Al Hail Holding and Global Development Group, Hamad Jassim Al Darwish is the other prominent name on the Zand BoD lineup. He serves as board member and chairman of various group companies across the GCC. “Building a new and unique digital banking experience is about more than just technology,” said Alabbar. “It requires visionary people with a digital mindset who believe in the power of technology to improve people’s lives while creating a sustainable business model.” The Chief Operating Officer of Al Hail Holding, Mohammed