First Abu Dhabi Bank (FAB) is undergoing a major restructuring and will now operate under four divisions: investment banking and markets, wholesale banking, personal, wealth and business banking, and international banking, Bloomberg reports, citing a memo to staff it has seen. The restructuring aims to strengthen its financial and advisory services in the Gulf and deliver bigger returns to shareholders, the memo reportedly said.

Who’s at the helm? Former FAB group head of investment banking and ex-HSBC executive Martin Tricaud (LinkedIn) will lead the wholesale banking division. Meanwhile, Sara Al Binali (LinkedIn) is stepping down as head of corporate and commercial banking, with her new role yet to be announced. The bank is also reportedly eyeing Citigroup’s former vice chairman and managing director, Linos Lekkas (LinkedIn) to head up its investment banking operations.

This has been in the works for a while: Two senior executives left the bank inJanuary, while the former head of North Africa, Levant, and Central Asia at Citi, Omar Hafeez, recently joined the bank as head of international operations. Earlier last year, it tapped Chris Jaques as its chief risk officer.

Brigadier Al Dhaheri named director-general of ADCDA: The Abu Dhabi Executive Council appointed Brigadier Salem Abdullah bin Barrak Al Dhaheri as director-general of the Abu Dhabi Civil Defence Authority (ADCDA), state news agency Wam reports. Al Dhaheri previously served as the acting director-general of the authority.

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