(Adds detail, background)
DUBAI, Sept 8 (Reuters) - First Abu Dhabi Bank, the
United Arab Emirates' largest lender, has hired Martin Tricaud
as head of investment banking, sources said.
Tricaud was previously chief executive officer for the
Middle East, North Africa and Turkey region at HSBC.
FAB and HSBC did not immediately respond to requests for
comment.
Tricaud, who spent over 13 years at HSBC, left the UK-listed
lender in April this year, according to his LinkedIn profile.
FAB has seen senior management level changes since the start
of the year, the latest on Wednesday when its head of corporate
finance Andy Cairns left, sources told Reuters on Tuesday.
Earlier this year Hana al-Rostamani became the bank's first
female chief executive, replacing banking veteran Andre Sayegh
who retired.
FAB in recent years has become aggressive in the regional
loans and bonds market, playing a major role in UAE, Saudi
Arabian and Egyptian deals.
Prospects for UAE's banking sector has also improved after
the economic shock of COVID-19 last year, with rating agency
Moody's predicting on Tuesday UAE's top banks are likely to see
profits increase over the next 12 to 18 months as they book
lower loan-loss provisions.
(Reporting by Davide Barbuscia and Saeed Azhar; editing by
Jason Neely and David Evans)