Abu Dhabi Commercial Bank P.J.S.C. has appointed the chairman of the UK's Standard Life as adviser to the bank's board.Gerry Grimstone, a former investment banker at Schroders, replaces Lord Mervyn Davies of Abersoch whose term expired recently. Currently, Grimstone is chairman of Standard Life. He has also run businesses in London, New York and Asia Pacific and was an official in the UK's Treasury where he was responsible for privatisation and policy towards state-owned enterprises.

He will attend board meetings and advise on all aspects of the bank's business including strategy.