Wednesday, 21 August 2024

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MOVES

FAB taps new chief risk officer + Cavendish Maxwell taps CEO

Chris Jacques was tapped as FAB’s CRO as of 5 August, while Nick Witty joins Cavendish Maxwell

First Abu Dhabi Bank (FAB) appointed Chris Jaques (LinkedIn) as its chief risk officer, effective 5 August, it said in an ADX disclosure (pdf). Jaques has over 30 years of experience in the financial services sector, including roles heading risk management, income derivatives trading, and multi-asset fund management. He served an 11-year tenure at Deutsche Bank, where he most recently acted as chief risk officer for the UK and Ireland, and global head of enterprise risk management.

Real estate advisory firm Cavendish Maxwell tapped Nick Witty (LinkedIn)as its CEO, as it looks to ramp up its presence and service offerings in the Middle East, according to a press release. Witty brings over 30 years of international real estate experience, including roles at Cushman Wakefield, Deloitte, and Chestertons MENA. He replaces the group’s former interim CEO, Henry Bacha (LinkedIn), who will serve as Property Monitor’s CEO, focusing on growing its real estate technology and market intelligence. Cavendish acquired a majority stake in Property Monitor in 2022.