Digital bank Zand announces board of directors
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Digital bank Zand announces board of directors

Digital bank Zand announces board of directors

Zand’s backers include Franklin Templeton, Aditya Birla Group, Al Hail Holding, Global Development Group and Yusuff Ali of Lulu Group

Neesha Salian
Zand gets license from the Central Bank of UAE

Gearing up for an imminent launch, Zand, the first digital bank to provide both retail and corporate services, has announced its board of directors.

The directors include Gregory Johnson, the executive chairman and chairman of the board of Franklin Resources; founder and CEO of Al Hail Holding, Hamad Jassim Al Darwish; COO of Al Hail Holding, Mohammed Alshaiba Almazrouei; EVP of DIFC FinTech Hive, Raja Al Mazrouei; group CFO Aditya Birla Group, Sushil Agarwal; and Yusuff Ali M A, chairman and MD of the Lulu Group.

Chief commercial officer of Emirates, Adnan Kazim, and CEO and co-founder of HWH Investments, Talha Al-Hashimi are joining the board as independent directors.

“We’re delighted to welcome the new board members to Zand, and I know that all of us will benefit from their forward-thinking mindset and leadership,” said Mohamed Alabbar, who will chair the board.

“Building a new and unique digital banking experience is about more than just technology. It requires visionary people with a digital mindset who believe in the power of technology to improve people’s lives while creating a sustainable business model,” he added.

Zand’s co-founder and CEO, Olivier Crespin, said, “We’re fortunate to have a board of directors that shares our commitment to providing unrivalled banking solutions and bringing ease, simplicity and transparency to retail and corporate banking.”

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