UAE's ADCB hires Standard Life chairman as adviser

ABU DHABI Wed Nov 21, 2012 6:12am EST

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ABU DHABI Nov 21 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third biggest bank by market value, has appointed Gerry Grimstone as adviser to the bank's board, the lender said on Wednesday.

Grimstone, a former investment banker at Schroders replaces Lord Mervyn Davies of Abersoch whose term expired recently, ADCB said in a statement.

Currently, Grimstone is chairman of Standard Life, one of Britain's largest savings and investments businesses.

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