| Sibos 2014 special edition |
| Downloadable guide (PDF) |
In the aftermath of the 2008 financial crisis, ADCB needed to implement a change in strategy. The crisis had hit the bank hard so rebalancing its banking business was crucial, and transaction banking was seen as an important element in being able to achieve long-term sustainable growth.
In 2009, and as part of that change, the bank consolidated its previously separate cash management and trade businesses under a new transaction banking group and appointed Murali Subramanian, formerly Citi’s head of global transaction services, Middle East and north Africa, to oversee it.
The business today accounts for 44% of ADCB’s wholesale banking revenues and 19% of group revenues.
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