First Abu Dhabi Bank (FAB) has appointed seasoned banking professional Vinod Karat as Head of Hospitality Sector – Real Estate & Hospitality within its Wholesale Banking Group, reinforcing the lender’s strategic focus on sector-led growth across the UAE and its international network.
In his new role, Karat will spearhead the development of financing and relationship strategies for clients across the real estate and hospitality ecosystem, supporting FAB’s ambition to deepen sectoral expertise and expand its wholesale banking footprint.
Over Two Decades of Banking Leadership
Karat brings around 22 years of experience in banking and financial services across the UAE and India, with deep expertise in corporate and commercial banking, project finance, real estate financing, trade finance, contracting finance, and working capital solutions. Profile (10)
He has also demonstrated a strong track record of leading multicultural teams, growing portfolios responsibly, and delivering disciplined credit and risk management, positioning him well to guide FAB’s hospitality and real estate strategy. Profile (10)
Proven Track Record at FAB and Legacy Institutions
Prior to this appointment, Karat served as Executive Director and Unit Head – Corporate Banking at FAB, where he led senior coverage teams across Dubai and the Northern Emirates, overseeing specialised financing solutions including trade, term lending, syndications, contracting finance, and Islamic products. Profile (10)
He has also held senior leadership roles at National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Mashreq Bank, Standard Chartered Bank, and ING Vysya Bank, building deep regional expertise in commercial and mid-corporate banking. Profile (10)
Strengthening Sector-Focused Wholesale Banking
FAB’s latest leadership move reflects the growing importance of sector-driven banking models, particularly in real estate and hospitality, which continue to be central to economic expansion and investment flows in the UAE and wider region.
With Karat at the helm, FAB is expected to further enhance client coverage, structured financing capabilities, and cross-border opportunities across its international network.
