Abu Dhabi Bank’s first corporate finance director leaves bank source


DUBA, September 7 (Reuters)Abu Dhabi’s leading bank FAB.AD Corporate finance director Andy Cairns is leaving the UAE’s largest lender, a source familiar with the matter said.

Cairns, senior managing director of FAB, had been with the group for eight years.

It was not immediately clear why he was leaving the bank.

FAB did not immediately respond to a request for comment from Reuters.

FAB has established itself as a major player in the loan and bond market in the Middle East and North Africa and has participated in major regional transactions.

He was among the lenders on the $ 10.5 billion loan deal to finance the sale of oil pipelines by Saudi Aramco to a consortium led by Washington DC-based energy infrastructure investor EIG.

FAB is also one of the banks advising Abu Dhabi National Oil Co (ADNOC) for the quotation of its drilling activity.

Cairns has also worked in the past with Bank of America Merrill Lynch and HSBC, as shown in his Linkedin profile.

(Reporting by Saeed Azhar; Editing by Emelia Sithole-Matarise)

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