FAB hires Adams and Alotaibi to Securities Services
28 June 2022 Abu Dhabi
Image: First_Abu_Dhabi_Bank
The First Abu Dhabi Bank (FAB) has appointed Matthew Adams and Nasser Alotaibi to its Securities Services business.
Based in Abu Dhabi, Adams joins the bank as executive director of client management, where he will be responsible for managing FAB’s global bank intermediary clients and providing access to its regional direct custody platform.
He joins the bank from BNP Paribas in London, where he was head of asset management and asset owner client lines. Adams was responsible for strategy and product development for depositary, fund administration, middle office and collateral services across UKMEA.
Adams brings more than 20 years of securities services experience to the role, having held senior-level positions at State Street, HSBC and Northern Trust, covering market strategy, product, global relationship management, sales and fund administration.
Based in Riyadh, Alotaibi will take on the role of director of KSA Securities Services. In this role, Alotaibi will be responsible for managing FAB’s client services and product implementation in the Kingdom of Saudi Arabia.
Alotaibi joins FAB from Citi Group, where he held the position of Securities Services operations manager, responsible for the implementation of securities services products and market development readiness.
Prior to this, Alotaibi held a senior role at Riyad Capital, assisting in establishing its custody, clearing and trustee services.
Kashif Darr, FAB’s head of Securities Services, says: “The appointment of Matt and Nasser further strengthens FAB’s ability to support our local and international client base.
“Our business continues to grow at a rapid rate in the region and I am confident that these two senior appointments will further reinforce our commitment to creating the leading direct custody proposition in the Middle East”.
Based in Abu Dhabi, Adams joins the bank as executive director of client management, where he will be responsible for managing FAB’s global bank intermediary clients and providing access to its regional direct custody platform.
He joins the bank from BNP Paribas in London, where he was head of asset management and asset owner client lines. Adams was responsible for strategy and product development for depositary, fund administration, middle office and collateral services across UKMEA.
Adams brings more than 20 years of securities services experience to the role, having held senior-level positions at State Street, HSBC and Northern Trust, covering market strategy, product, global relationship management, sales and fund administration.
Based in Riyadh, Alotaibi will take on the role of director of KSA Securities Services. In this role, Alotaibi will be responsible for managing FAB’s client services and product implementation in the Kingdom of Saudi Arabia.
Alotaibi joins FAB from Citi Group, where he held the position of Securities Services operations manager, responsible for the implementation of securities services products and market development readiness.
Prior to this, Alotaibi held a senior role at Riyad Capital, assisting in establishing its custody, clearing and trustee services.
Kashif Darr, FAB’s head of Securities Services, says: “The appointment of Matt and Nasser further strengthens FAB’s ability to support our local and international client base.
“Our business continues to grow at a rapid rate in the region and I am confident that these two senior appointments will further reinforce our commitment to creating the leading direct custody proposition in the Middle East”.
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