Divyesh Vithlani, formerly of Standard Chartered, has accepted a new position as group chief technology and transformation officer at First Abu Dhabi Bank. His move signifies a trend of banking talent shifting to the UAE, where FAB is aggressively hiring to enhance its appeal as an employer. Concurrently, Standard Chartered plans to expand its operations in the UAE, indicating a growing focus in the region.
Divyesh Vithlani, the group chief transformation officer at Standard Chartered, has recently transitioned from Singapore to the United Arab Emirates, taking on a new position at First Abu Dhabi Bank (FAB) as their group chief technology and transformation officer. His move highlights the growing trend of banking professionals, including those in technology, relocating to the UAE for new opportunities.
Vithlani has an extensive career in the banking sector, having previously served at Credit Suisse and Accenture. He began his career at Credit Suisse in 1998 as a vice president in Singapore, eventually rising to the role of group chief technology operating officer over a span of fourteen years. Seeking familiarity, he returned to Singapore after two years in Switzerland and focused on his work there for the last decade.
First Abu Dhabi Bank has recently accelerated its recruitment efforts, having made notable hires such as Omar Hafeez, previously the CEO for Citi in North Africa, Levant, and Central Asia. FAB’s stature as an appealing employer is reflected in its ranking as the fifth overall in the 2024 Ideal Employer Rankings, trailing only Goldman Sachs among banks. The firm’s strategic hiring signals its growth ambitions in the financial sector.
Standard Chartered is also focusing on the UAE, announcing its intention to expand its frontline private banking team in the region by 20%. This move indicates the bank’s commitment to strengthening its presence in the competitive UAE market, aligning with broader industry trends as both banks seek to attract top talent in the region.
Divyesh Vithlani’s departure from Standard Chartered for First Abu Dhabi Bank exemplifies the trend of banking professionals relocating to the UAE in pursuit of new career opportunities. His extensive background in transformation and technology positions him well to contribute to FAB’s ongoing development, while Standard Chartered’s expansion plans indicate a robust investment strategy in the UAE market. The activities of both banks highlight the dynamic nature of the financial sector in the region.
Original Source: www.efinancialcareers.com
