Zand announces leadership change
Updated: Dubai, 18 November 2022
Zand Bank PJSC announced a leadership change with Michael Chan taking the helm as Chief Executive Officer.
A prominent international banker with cross-functional expertise in the finance and technology sectors, Michael has more than 25 years of experience in banking management, financial technology, corporate development, new markets and activities setup, mergers and acquisitions turnaround and transformation. He has mentored fintechs and startups and led regulatory and global tech development, projects and digitalisation, as well as transformation at leading global financial institutions.
Prior to joining Zand, the seasoned banker served as Regional Chief Operations Officer Asia-Pacific at First Abu Dhabi Bank, where he setup their new franchises in China and Indonesia and expanded and restructured their operations in Singapore, Malaysia, Hong Kong, India and South Korea. In addition, Michael drove the digital initiatives and built alliances with fintechs and startups in Asia.
Michael has held various positions at Crédit Agricole Corporate & Investment Bank including in Corporate Development (Asia Pacific), as Chief Operations Officer for Southeast Asia and Taiwan, as well as Chief Information Officer Asia Pacific (global markets). During his time, he setup and led regional and global teams to develop new global market products, established go-to-market strategies as well as put in place new country setups in four continents.
Michael’s appointment follows the departure of Olivier Crespin, co-founder and former CEO, moving on to pursue other interests with effect from October 5, 2022.
Zand is UAE’s first fully licensed, all-digital bank that operates on an agile operating model, adopting a distinctive approach to banking and implementing global best practices to safeguard a secure financial future for customers.