According to Bloomberg, NBAD and FGB have picked about 60 senior managers to run the combined company as Abu Dhabi’s two biggest lenders work to complete a USD175bn merger. Stephen Jordan, head of treasury at NBAD, will retain the same position at the merged bank, while Andy Cairns, NBAD’s global head of debt origination and distribution, will be in charge of corporate finance. Mohammed Ali Yasin, managing director of NBAD Securities, the bank’s brokerage unit, will also stay in the same position. FGB and NBAD said that a new level of management will be announced in due course once the merger completes by the end of 1Q17. (Bloomberg)   NBAD (AD): AED10.40 as of 6 Feb, Rating: Buy, TP: AED10.80/share, MCap: USD14,764mn, NBAD UH/NBAD.AD FGB (AD): AED12.95 as of 6 Feb, Rating: Buy, TP: AED14.00/share, MCap: USD15,879mn, FGB UH/FGB.AD