FAB is set to hire Citi dealmaking veteran Linos Lekkas as its new Head of Investment Banking, the sources said.
As part of a reorganisation FAB is planning to split its operations into four new divisions in a bid to strengthen its business in the Gulf and boost shareholder returns, two sources familiar with the matter said.
The restructuring at the United Arab Emirates' biggest bank by assets is the latest move by CEO Hana Al Rostamani as she tries to foster faster growth at the lender and follows a number of senior management departures in recent years.
The four new divisions, formed from a current five, will be: investment banking and markets; wholesale banking; international banking; and personal, wealth and business banking.
Martin Tricaud, the current investment banking head, will move to lead wholesale banking, the sources said.
Bloomberg first reported the bank's reorganisation plans, citing a memo to staff.
