Abu Dhabi: Al Hilal Bank has announced the growth of its core divisions with the appointment of David Whitcroft as Senior Managing Director – Treasury Banking Group, Farooq Abdulrahman Al Marzooqi as Senior Managing Director, Head Wholesale Banking Division and Ian Hodges as its new Senior Managing Director – Personal Banking Division, strengthening the bank’s leadership team and growing its future plans.
Mr. Alex Coelho, CEO of Al Hilal Bank, said, “We are delighted to welcome David, Farooq and Ian to our team of leaders, and strongly believe that their collective experience and professional qualities will improve the overall bank’s position amongst its competitors, both within the UAE and beyond. Bringing in new talents strengthens our team and adds to our wealth of experience in the financial sector, enabling Al Hilal Bank to continue expanding.”
He added, “The appointment of new members of our leadership team comes in line with the strategic objectives of Al Hilal Bank, and we are looking forward to working with them and reinforcing our position as a leading financial institution in the region. The expanded management team will allow us to support our growth agenda in line with the UAE Vision 2021 and Abu Dhabi Vision 2030.”
David Whitcroft has 23 years of experience in a career spanning the world having developed his Treasury skills with National Australia Bank, Barclays and CIBC. David brings an excellent record of management having put together successful and high performing teams during his career.
Farooq Abdulrahman Al Marzooqi was Head of Remedial, Credit Admin and Collection at Noor Bank having previously acquired 17 years of experience at First Gulf Bank (FGB, now known as First Abu Dhabi Bank) where he led a team of corporate bankers focusing on key government accounts. Farooq was also General Manager of an FGB brokerage subsidiary.
Ian Hodges brings over 30 years’ experience in the banking industry in both the United Kingdom and the UAE, having worked at Lloyds TSB, the Co-operative Bank, and Co-operative Financial Services. In 2008, Ian moved to RAKBANK as Managing Director, Retail Banking, where he contributed to leading the bank to be recognized in the world’s top 25 when evaluated on Return on Assets.
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About Al Hilal Bank
Established in 2007, Al Hilal Bank is a progressive Islamic bank headquartered in Abu Dhabi (UAE) offering a wide range of client-centric Shariah compliant Wholesale Banking, Retail Banking, Treasury and Wealth Management. The bank is 100% owned by the Government of Abu Dhabi, through the Abu Dhabi Investment Council (ADIC), with issued and paid up capital of AED3.5 billion. The Bank enjoys strong long-term credit ratings of A+ and A2 by Fitch and Moody’s respectively. The Bank has 17 retail branches across the UAE and 3 branches in Kazakhstan through which they offer digital-based services, enhancing the Bank’s performance-driven culture. Al Hilal Bank has been recognized as the Safest Islamic Financial Institution in the GCC by Global Finance in 2016 and in 2017.
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