Divyesh Vithlani, formerly Standard Chartered’s group chief transformation officer, is taking a new role at First Abu Dhabi Bank as their group chief technology and transformation officer. His career includes past roles at Accenture and Credit Suisse. FAB is expanding its leadership team and has also gained traction as a desirable employer in the banking sector, while Standard Chartered is increasing its private banking workforce in the UAE.

Divyesh Vithlani, Standard Chartered’s group chief transformation officer, has departed Singapore to take a new position as the group chief technology and transformation officer at First Abu Dhabi Bank (FAB). His career prior to this role included spending two years at Standard Chartered and a notable tenure at Accenture as a senior managing director.

Vithlani’s career began at Credit Suisse, where he progressed from a vice president role in Singapore to the group chief technology operating officer in Switzerland, though he returned to Singapore after two years. At FAB, he joins a firm that has recently intensified its hiring initiatives, including acquiring Omar Hafeez, previously of Citi.

FAB has been gaining traction in the market, ranking fifth overall in the 2024 Ideal Employer Rankings, marking it as a competitive force behind Goldman Sachs. Meanwhile, Standard Chartered has also shown interest in the UAE by announcing a 20% expansion to its frontline private banking team in the region.

Divyesh Vithlani’s relocation from Standard Chartered to First Abu Dhabi Bank reflects a broader trend of financial professionals and technologists moving to the UAE for new opportunities. This shift highlights the increasing competition among banks in the region and the appeal of positions at leading institutions. Standard Chartered is also expanding its presence in the UAE, emphasizing growth in key market segments.

Original Source: www.efinancialcareers.com