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The National Bank of Abu Dhabi (NBAD) and First Gulf Bank remain on track to complete their merger, according to a Q3 statement issued by NBAD. The bank, which uses a team of management consultants from Bain and Company on its Integration Steering Committee, said a senior management team had just been chosen to lead the combined bank, which will see the merger completed by Q1 in 2017 as planned. HE Nasser Alsowaidi, chairman, NBAD said: “The merger with FGB is progressing well. A new leadership team has been appointed, and we are beginning to put in place the strategy which will ensure continued growth and enhanced value for all of NBAD’s stakeholders going forward.”

Source : CPI Financial

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