Dubai: A source familiar with the matter said that Andy Kearns, head of global corporate finance at First Abu Dhabi Bank, intends to leave the largest bank in the UAE.
Cairns, a senior managing director at First Abu Dhabi Bank, has been with the group for eight years.
It is not yet clear why he left the bank.
First Abu Dhabi Bank did not immediately respond to a Reuters request for comment.
First Abu Dhabi Bank saw a change of leadership this year when Hana Al Rostamani became the bank’s first female CEO, succeeding retired veteran banker Andre Sayegh.
First Abu Dhabi Bank has become a major player in the loan and bond market in the Middle East and North Africa, and has been involved in major transactions in the region.
First Abu Dhabi Bank is the top loan book manager for the year in the Middle East and North Africa, and is ranked eighth in the list of competitors in the region’s fixed income markets, according to Refinitiv data.
One of the banks involved in a $10.5 billion loan deal was to finance Saudi Aramco’s sale of oil pipelines to a consortium led by Washington, DC-based energy infrastructure investor EIG.
Abu Dhabi is the first of the banks to advise the Abu Dhabi National Oil Company (ADNOC) on listing its drilling unit.
Kearns has also previously worked with Bank of America Merrill Lynch and HSBC, according to his LinkedIn profile.
(Reuters)
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