First Abu Dhabi Bank (FAB), the UAE’s largest lender, opened its new London department at 20 Berkeley Sq. in Mayfair, cementing almost 5 a long time of presence within the UK and underlining its dedication to the town as a world monetary hub.
The brand new department was inaugurated by Hana Al Rostamani, FAB Group CEO, alongside Sheikh Mohamed bin Saif Al Nahyan, Vice Chairman of FAB; board members; UK and UAE dignitaries together with Dr. Sultan Al Jaber and Mansoor Abulhoul, and UK Commerce Minister Douglas Alexander.
“In 1977, we turned the primary Gulf financial institution to open within the UK. Over the previous 48 years, the ties between the UK and UAE have deepened, with bilateral commerce rising considerably to £24.3 billion right now,” Al Rostamani mentioned.
“The opening of our new London workplace is greater than a relocation; it marks a strategic hub for the way forward for finance, a spot the place world perception meets regional experience, and the place innovation fosters lasting relationships. The UK will stay a key marketplace for FAB as we strengthen our worldwide presence and deepen shopper engagement.”
FAB first entered London by its predecessor Nationwide Financial institution of Abu Dhabi, and the town now serves as a hub for personal banking, company advisory, and cross-border capital flows. The brand new department contains bespoke areas for high-net-worth purchasers and establishments, offering wealth planning, portfolio administration, and household workplace providers.
The opening coincides with a cultural activation showcasing UK-UAE artistic collaborations, a part of FAB’s broader technique to hyperlink innovation, finance, and heritage. FAB’s worldwide operations now contribute 17 per cent of its group earnings.