First Gulf Bank’s head of investment banking leaves

Dubai: Ray Maurer, head of investment banking at First Gulf Bank (FGB), has left the Abu Dhabi-based lender after a short stint there, two people familiar with the matter said.

Maurer, formerly managing director at Doha-based QNB Capital, joined FGB at the start of this year. He couldn’t be reached for comment.

Christopher Wilmot, the bank’s current head of treasury, is acting chief executive of FGB’s investment bank, one of the people familiar with the matter said, adding the bank was in the process of replacing Maurer.

FGB said its management “remains committed to developing a sustainable investment banking business.” Its shares closed trading Thursday up 1.9 per cent at Dh9.63.