UAE lender FAB opens Jakarta office to facilitate regional trade

UAE’s biggest lender First Abu Dhabi Bank (FAB) has opened a representative office in Jakarta, Indonesia, to mark its expansion into Asia.

FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, the wider GCC region, Egypt and Asia.

FAB today announced the expansion of its global network into Asia with the opening of a representative office in Jakarta, Indonesia. #FAB Indonesia will serve as a bridge to facilitate trade and investment flows between UAE, GCC, Egypt and Asia. For more https://t.co/qNmuiGjGTC pic.twitter.com/e3047BG1ig

— FAB Connects (@FABConnects) December 16, 2020

The office will support FAB customers with interests in Indonesia, providing liaison, consulting services and market insights. It will also cement relationships with public and private sector organisations and correspondent banks in Indonesia, and facilitate government-to-government strategic partnerships and initiatives.

“FAB’s new representative office in Jakarta follows our group’s international growth strategy and will support our clients, the UAE, wider GCC and Egypt’s international trading ties,” said André Sayegh, group chief executive officer, FAB.

“As the largest economy in South-East Asia and a strategically important trading partner for our region, Indonesia is a growing destination for UAE investment abroad, and one with great future potential. Through our representative office, FAB will support and further enhance bilateral trade and economic relations.”

“We are also pleased to announce the appointment of Walshalafah (Wal) Salleh as the chief representative officer for the Jakarta representative office. Wal is a seasoned corporate banker and brings with him multiple years of experience in meeting the specific needs of clients and remaining firmly on the pulse of the Indonesian economy.”

This new office complements the bank’s wholesale branch in Singapore, which offers a full suite of financial products and services to clients operating in the Asia Pacific region.