Ala'a Eraiqat joined ADCB in January 2004 and held various senior posts before assuming the post as Chief Executive Officer in February 2009. He has been a banker since 1991 and previously held senior positions at Citibank and Standard Chartered Bank, among others.
His responsibilities extend to being Chairman of the Board of Directors of Al Hilal Bank and chairing the following subsidiaries and committees of ADCB, amongst others; Abu Dhabi Commercial Properties, Abu Dhabi Commercial Engineering Services, the ADCB Management Executive Committee and the ADCB Management Credit Committee.
Deepak Khullar was appointed Group Chief Financial Officer in 2008. In this role, Deepak oversees the Group Finance function (Financial Planning, Business Performance, Governance & Reporting), Investor Relations, Taxation, Economics, Group Strategy, Strategic Sourcing and Procurement. In 2021, he also took over the responsibility for the Bank’s overall ESG strategy and delivery. He previously spent 15 years with Standard Chartered Bank in the Middle East and in Korea in a variety of senior positions. Prior to that, he worked for 12 years with Ernst & Young and PricewaterhouseCoopers in their assurance, advisory and technical services and training practices in the Middle East and India. Deepak is an alumnus of the University of Delhi, an Associate of the Institute of Chartered Accountants of India, and an Associate Member of the Association of Corporate Treasurers (UK).
Deepak was appointed as a Board Director of Al Hilal Bank in 2019.
Abdirizak Mohamed has been the Group Chief Internal Auditor at ADCB since 2006, responsible for covering the Bank and all of its subsidiaries, having previously worked at the NASDAQ Stock Market, NASD (FINRA) and OFHEO (FHFA). Abdirizak has more than 25 years of financial industry experience that spans capital markets management, accounting policy/applications, examinations and auditing, risk management, regulatory oversight, and corporate governance. He is the former Chairman and current member of the UAE Banking Federation Audit Committee, and over the years served/continues to serve as an independent Audit Committee member of various Abu Dhabi-based companies. Abdirizak is a Certified Public Accountant and holds a master's degree from The George Washington University in Washington, DC, and a bachelor's degree from the University of Washington in Seattle, WA.
Ali Darwish joined ADCB in 2010 and leads the Human Resources Group. Ali has a wealth of experience in the banking industry that extends for more than 20 years working for leading financial institutions in the UAE. At ADCB, he ensures the Bank is building a competitive advantage through people by focusing on strategic talent management, Emiratisation and engagement. Furthermore, he is responsible for driving the Bank's high-performance and agile culture, through its talent.
Rajesh Raheja joined ADCB in 2004 and was appointed Acting Group Treasurer in 2022, having previously served as the Head – Funding and Balance Sheet for 10 years, where he was responsible for the management of the ADCB’s trading, investments and funding platforms. Rajesh has over 30 years’ experience in banking, having previously worked for HSBC and Bank of America in various global financial centres, including London, Hong Kong and Dubai.
Rajesh has a degree in Economics & Accountancy, as well as a Post Graduate Management degree in Finance.
Paul Keating was appointed as ADCB's Group Chief Risk Officer in 2018. He previously worked for the Australia and New Zealand Banking (ANZ) Group for over 30 years, where he served in various capacities across the world. Paul's previous role at ANZ was the Chief Risk Officer and Head of Credit for the Pacific division, which was responsible for 11 countries.
Paul is responsible for Operational Risk, Market Risk, Fraud Risk, Data Management, Credit Policy, Islamic Internal Control and Information Security.
He sits on various management and board sub committees to provide an enterprise-wide risk management perspective. He is also a current member of the UAE Banking Federation Risk Committee.
Paul holds a Bachelor of Commerce and Administration from Victoria University in New Zealand and a Post Graduate Diploma in Banking Management from Massey University in New Zealand. Paul has also completed the Australian Institute of Company Directors course.
Tilak Silva was appointed as the Group Chief Credit Officer in 2018, having been the Acting Group Chief Risk Officer since 2017. He has been with ADCB for 41 years, focusing on credit underwriting, remedial risk and restructuring. He has an in-depth understanding of the functionalities of all areas of the Bank.
Prior to joining ADCB, Tilak worked for Hatton National Bank in Sri Lanka, undertaking different roles within the Credit Group.
Ludovic was appointed as the Group Head of Wholesale Banking at ADCB in March 2020. Prior to that, he managed the Investment Banking activity. He joined ADCB in November 2008 from Citigroup in London. He is a senior investment banker with 20 years' experience. In 2000, Ludovic started his investment banking career in the securitization team of Credit Agricole Indosuez, London after which he moved to Citigroup, where he focused on Corporate Securitization. During his time in Europe, Ludovic' was instrumental in originating and structuring complex and high profile transactions. In his current role, Ludovic has responsibility for Cash Management, Trade Finance, Corporate Finance and Investment Banking across the Group. Ludovic also leads ADCB's principal finance initiatives.
Ludovic is a French citizen and an alumni of Université Paris-Sorbonne.
Mohammed Al Jayyash was appointed as ADCB's Acting Group Chief Operations Officer in 2019 and was confirmed in 2020. He has held senior operational management positions at ADCB, including Group Chief Service Officer and Branch Operations Manager. He holds Board seats with several ADCB subsidiary companies and is the Chairman of ITMAM Services LLC, and Vice-Chairman of Abu Dhabi Commercial Engineering Services LLC and Abu Dhabi Commercial Properties LLC. He is the Chairman of Emirates Digital Wallet and a Board Member of Al Hilal Bank PJSC. A leader with over 15 years' experience in improving customer experience, ensuring regulatory compliance and delivering capabilities for growth, he has deep experience in banking operations, the customer journey and experience, and digital channels.
Mohammed holds a Bachelor's Degree in Business Administration from Al Ghurair University in the United Arab Emirates, a Post Graduate Certificate in Management at Ashridge Executive Education HULT in the United Kingdom and a Diploma in Banking from the Emirates Institute for Banking and Financial Studies.
Rasha Mortada was appointed as the Group Chief Compliance Officer in 2021, having been the Acting Group Chief Compliance Officer since 2019 and with ADCB since 2006. She has over 25 years’ of experience in the banking industry with leading global and local institutions with. Over 16 years’ of experience in the compliance field covering Regulatory Compliance, Financial Crime, and Conduct Compliance across all business lines.
Prior to joining ADCB, Rasha worked for Citibank UAE, undertaking different roles within Compliance.
Rasha holds a Bachelor in Banking and Finance from the Lebanese American University in Beirut. She is a Certified Anti-Money Laundering Specialist (CAMS), and holds an International Diploma in Compliance from the International Compliance Association, and a Fintech qualification from Harvard.
Jane Livingston joined ADCB in 2011 and was appointed as ADCB’s Group General Counsel in 2021, having first been appointed as Acting Group General Counsel. Jane is an English qualified solicitor who practiced law in the City of London prior to moving to Abu Dhabi in 2007. She has more than 20 years of legal experience covering a broad range of banking, finance, corporate and commercial matters.
Deepak Rochlani joined ADCB in 2004 and is the Group Head of Retail Banking. He has over 25 years’ experience in Retail Banking and Financial Services. Deepak overlooks the Retail Banking Franchise which includes product management and the distribution network including branches, sales and relationship management. He is spearheading the Digital Transformation of the Retail Bank.
Prior to joining ADCB, Deepak held several positions in product & marketing management at GE Capital and IDBI Bank in India.
Deepak holds a Bachelor of Engineering degree from University of Bombay and holds an MBA.
Certain day-to-day activities of the Bank have been delegated by the Board to the Bank's Management Executive Committee (the "MEC"). The MEC meets weekly and reports to the Board.
The MEC is composed of key members of management, whose appointments to the MEC are approved by the Board's Nomination, Compensation, HR & Governance Committee. The responsibilities of the MEC include:
The primary purpose of the Capital Expenditure Committee is to support the MEC in discharging its responsibilities with respect to management of capital expenditure. The Committee shall have such responsibilities and authorities as are granted or delegated by the MEC from time to time.
The primary purpose of the Assets & Liabilities Committee is to support the MEC in discharging its responsibilities with respect to monitoring and management of the Bank’s balance sheet.
The primary purpose of the Management Risk Committee is to support the MEC in discharging its responsibilities with respect to Risk Management in general, Risk Appetite of the Bank, Risk Policies and Portfolio updates.
The primary purpose of the Management Credit Committee is to support the MEC in discharging its responsibilities with respect to credit matters, within limits as delegated by the Board or the MEC.
The Model Risk Management Committee’s main responsibilities cover: overseeing all model related matters (model development, monitoring and validation) to optimize the role of models in decision-making. The scope of this Committee covers all models used in risk, capital management and for stress testing.
The primary purpose of the Sustainability Committee is to recommend the Group sustainability strategy, ensure its implementation cross the Group, and report progress to the MEC and the Board.
The primary purpose of the Group Strategy Committee is to support the MEC in discharging its responsibilities with respect to ensuring successful implementation of “10x25” strategy and supervising high impact business initiatives.
The primary purpose of the Management Compliance Committee is to support the MEC in achieving its objective in relation to the following:
The primary purpose of the Management Recoveries Committee is to support the MEC in discharging its responsibilities, as delegated by the MEC, with respect to restructuring, settlements and recovery-related write-offs.
The primary purpose of the Financial Performance Management Committee is to support the MEC in discharging its responsibility with respect to the Bank’s financial performance (within the bounds of the Bank’s budget and strategy).
In line with ADCB's commitment to sound governance and promotion of long-term sustainable shareholder value, ADCB's objective is to provide transparency to shareholders and other stakeholders about its remuneration principles and incentives.
As far as possible bearing in mind market trends and constraints, remuneration shall align the interests of ADCB's staff with the interests of shareholders and other stakeholders, and shall blend short and long-term incentives. Performance related elements shall be designed to minimize staff turn-over and to give staff incentives to perform at the highest levels, whilst recognizing the need to promote effective risk management.
The Bank’s variable pay framework has been designed to align employees’ interests with the long-term interests of the Bank’s shareholders and to incentivise higher performance while avoiding excessive risk-taking. It also distinguishes amongst different functions of the Bank, to ensure alignment to the relevant market.
Employees may receive variable pay based on their performance over the year and that, since it is performance-based, variable pay is at risk, and the amount received, if any, may change each year.
Effectiveness of the variable pay framework is monitored on an annual basis through a set of KPIs, including:
In addition, in accordance with best practices and the requirements of the UAE Central Bank’s regulations on corporate governance, the Nominations, Compensation, HR & Governance Committee regularly seeks independent consultants’ views on (a) the quantum, (b) design, and (c) effectiveness of the Bank’s variable pay awards and framework.
Fixed Pay is based on the market rate for each different role. It is influenced by each individual's contribution over the year and any fixed pay reviews depend upon the achievement of objectives and overall performance level. Fixed Pay is made up of Basic Salary and General Allowances.
The Board's Nomination, Compensation, HR & Governance Committee considers the Bank's succession planning process for directors and senior management to ensure transparency and satisfactory alignment with Bank strategy.
The succession plan is reviewed annually through discussions between the Board, the GCEO and senior management to identify key jobs across the organization, which if not filled in a timely fashion would put the organization at risk, and to identify a caretaker and a minimum of one successor for each key job.