UAE's largest bank names first woman CEO

Dubai - Hana Al Rostamani appointed as group chief executive officer of FAB.

First Abu Dhabi Bank appointed Hana Al Rostamani as group chief executive officer, promoting a woman to the top leadership position.

Al Rostamani, currently the chairperson of FAB Private Bank Suisse, will be the first female CEO of the $44 billion lender and takes over from Andre Sayegh, who spent less than a year in the role. She is currently deputy group CEO and head of personal banking, according Bloomberg.

Al Rostamani is among a growing number of women tapped to lead companies in the Middle East. Last week, Oman named Haifa Al Khaifi as the CEO of a new firm that controls the country’s biggest oil block. She also served as independent director at Emirates Integrated Telecommunication Co. and vice chairperson of Emirates Institute for Banking & Financial Services