Abu Dhabi, October 18, 2021: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today announced the appointment of Faisal Abu Shaar as the bank’s new Chief Risk Officer.
In his new role, Faisal will be responsible for managing and minimising operational risk through the seamless implementation of the robust policies and procedures of the bank’s Group Risk Management Group. He will also provide governance and risk oversight across the bank’s retail and corporate operations, ensuring compliance with risk-related legal and regulatory guidelines in the UAE and in the bank’s overseas markets.
With more than 27 years of experience in the financial services industry and a strong track record in Risk and Operations functions, Faisal has diversified experience in the banking sector across the ASEAN and the Middle East markets. Prior to his appointment, Faisal worked at Standard Chartered Bank in the UAE, where he held the role of Chief Risk Officer and Group Head of Risk for Islamic Banking.
Faisal will work closely with all business units to ensure adherence to appropriate levels of risk across the bank. His extensive professional experience and high level of expertise will be a strong contributing factor to ADIB’s continuous growth, development, and success.
Faisal holds a Bachelor’s degree in Political Science, Economics and Statistics, and a Master’s degree in Political Science and International Relations from the University of Jordan.