Abu Dhabi: First Gulf Bank on Wednesday said it had hired Giuseppe Ruggiero as its head of debt capital markets.
Ruggiero joins FGB from National Bank of Abu Dhabi, having worked for Goldman Sachs before that, a spokesman for FGB told Reuters by phone.
According to his LinkedIn profile, Ruggiero had worked in corporate sales in Dubai and the northern United Arab Emirates for NBAD since August 2013.
FGB has been hiring investment bankers and increasing head count to get a share of the region’s growing advisory market.
Like a number of Gulf-based banks, it has been expanding into this space to diversify its income away from traditional lending activity, which has become less profitable due to high competition.
