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First Abu Dhabi Bank nominates Pradeep Rana as Group Chief Risk Officer

Abu Dhabi, 22 April 2020: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has nominated Pradeep Rana to succeed Arif Shaikh as FAB’s Group Chief Risk Officer (GCRO).

Pradeep Rana brings more than two decades of functional expertise gained at ABN AMRO, Standard Chartered, and most recently Danske Bank in Denmark, where he served as the Group Head of Corporate Credit Risk Management & Chief Risk Officer of Wholesale Banking from 2016 to 2020. Arif Shaikh will continue to lead the function for the next few months, working closely with Pradeep Rana to enable a smooth transition.

André Sayegh, Group Chief Executive Officer of FAB, said: “Pradeep’s decades of experience from senior postings across Europe and Asia will further strengthen FAB’s risk capabilities in a complex global environment. He will transition into the role by working alongside Arif Shaikh over the coming months. Arif has been a core part of the senior management for many years and we thank him for his significant contribution. FAB will benefit substantially from the guidance of two highly experienced risk professionals supported by an exceptionally strong team.”

Pradeep Rana worked with Standard Chartered from 2008 to 2016, including as Regional Chief Risk Officer for ASEAN. He began his career with ABN Amro in the Netherlands in 1995. He holds a B.Eng (hons) in Mechanical Engineering from the University of Surrey in the UK, and an MBA from Erasmus University School of Management in the Netherlands.

FAB announced Arif Shaikh’s planned retirement in February 2020 after nearly two decades with the bank and legacy First Gulf Bank (FGB). He joined FGB in January 2001 and went on to a play an integral role in the successful completion of the FAB merger, subsequent integration journey, and local and international expansion strategy. FAB’s Board of Directors and leadership thanks Mr. Shaikh for his contribution to the FAB Group and wishes him well for his upcoming retirement

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