Divyesh Vithlani, the former Group Chief Transformation Officer at Standard Chartered, has transitioned to First Abu Dhabi Bank as their Group Chief Technology and Transformation Officer. This move highlights the trend of banking professionals relocating to the UAE, reflecting its increasing significance in the finance sector. First Abu Dhabi Bank is actively recruiting to strengthen its position, while Standard Chartered is expanding its operations in the region.
The allure of opportunities in the United Arab Emirates is attracting professionals beyond traditional banking roles. Divyesh Vithlani, the Group Chief Transformation Officer at Standard Chartered, has departed Singapore to join First Abu Dhabi Bank (FAB) as their Group Chief Technology and Transformation Officer. With a tenure of two years at Standard Chartered, he previously held a high-ranking position at Accenture prior to his move.
Vithlani’s career includes a significant tenure at Credit Suisse, where he progressed from Vice President to Group Chief Technology Operating Officer over 14 years. Although he relocated from Singapore to Switzerland for his executive role, he returned to Singapore after two years. His experience spans more than a decade before his latest career shift.
First Abu Dhabi Bank has recently accelerated its hiring activities, adding notable figures such as Omar Hafeez, previously CEO for Citi in North Africa and other regions. FAB is gaining recognition and was recently rated as the fifth overall employer in the 2024 Ideal Employer Rankings, second among banks, demonstrating its growing attractiveness in the financial sector.
Standard Chartered is also looking to expand its operations in the UAE, announcing an increase of its frontline private banking team by 20%, indicating its commitment to the region’s growth.
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In conclusion, the financial sector is witnessing significant movement, with professionals like Divyesh Vithlani transitioning to new roles in the UAE. His move to First Abu Dhabi Bank underlines the increasing competition among financial institutions, while Standard Chartered’s commitment to growing its presence in the UAE reinforces the region’s importance in global finance. This trend illustrates a broader shift within the industry, showcasing the UAE’s appeal to talent in banking and technology.
Original Source: www.efinancialcareers.com
