The CEO of National Bank of Abu Dhabi (NBAD), Alex Thursby, has resigned his position ahead of the planned merger of NBAD with First Gulf Bank (FGB). In the meanwhile, Abhijit Choudhury, NBAD’s current group chief risk officer, is appointed as acting CEO. Until the completion of the proposed merger, Mr. Choudhury will closely associate with deputy group CEO Abdulla M.S. AbdulRaheem. The current managing director of FGB, Abdulhamid M. Saeed, will be the CEO designate of NBAD on completion of the merger.
Alex Thursby has lead NBAD for more than three years. NBAD is currently the country’s second-largest lender by assets.