Executive Appointment: Mashreq names new Senior Executive Vice Presidentand Group Head of Retail Banking Group
Dubai, UAE, July 12th, 2021: Mashreq Bank, one of the leading financial institutions in the UAE, has appointed Fernando MorilloLopez as its new Senior Executive Vice President and Group Head of Retail Banking.
In his role, Fernando will manage and execute Mashreq’s strategy for theRetail Banking Group (RBG), including its Personal Banking, Mashreq Gold, Private Banking, SMEs, Islamic and Emirati segments and the digital bank propositions including Mashreq Neo and NeoBiz.As part of his responsibilities, he will also collaborate closely with other stakeholders to deliver revenue, through offering a superior client experience, and through digital innovation and information led transformation.
Fernando most recently served 6 years as the Managing Director & Global Head of Retail Products and Segments for Standard Chartered Bank in Singapore. He brings to Mashreq almost 30 years of experience in the financial sector. He started his career in McKinsey & Company where he focused on banking, insurance, retail and digital across EMEA and the US. He joined Bankinter in 2002, where he played numerous leading roles in Retail Banking. In 2011 Fernando joined BBVA, where he led their Retail and Commercial Products and Segments units across all the Group’s banks.
Ahmed Abdelaal, Group CEO, Mashreq Banksaid: “We are pleased to welcome Fernando MorilloLopez and believe his vast global expertise in the industry will be invaluable as we move into the next stage of the Mashreq story. His appointment comes at a time of great opportunityasretail banking globally is undergoing an unprecedented change and Mashreq is at the forefront of driving the digital disruption based on the significant changes in consumer preferences. Welook forward to working with Fernando to provide a strong customer experience as well asmaximize value to our shareholders.”
He added, “I would also like take this opportunity to thank Subroto Som for his commitment and service to Mashreq Bank, which has enabled us to achieve many industry firsts and provide us with a strong foundation for our overall retail banking portfolio.”
Fernando MorilloLopez said: “It is an honor to be able to step into this new role at Mashreq. I look forward leading the charge as our industry adapts to the enormous changes taking place in financial services. I am thrilled to be joining an organization in the United Arab Emirates that has led from the front in adapting to the challenges of – and the inherent opportunities within- the digital transformation and the post-Covid economy.”
One of the UAE’s best performing banks for five decades, Mashreq is a leading financial institution with an expanding footprint across the Middle East. We have international offices in Europe, Asia, Africa and the US, and a strong presence in the financial capitals of the world.
As the oldest bank in the UAE, our journey can be traced back to humble beginnings in 1967, followed by periods of rapid growth and strategic expansion. Throughout our history, Mashreq has differentiated itself by pioneering new-to-market concepts and launching unique products and services.
Our innovative approach sets us truly apart, it also continues to win us numerous awards and accolades across all fields including digital banking, the most recent were: Market Leader by Euromoney Cash Management Survey in UAE for Corporates and in the Middle East and Africa for the Financial Institutions , Market Leader by Trade Finance Survey in the UAE and Middle East, Middle East Best Digital Bank by Euromoney Regional Awards for Excellence, the Most Innovative Consumer/Corporate Digital Bank in the UAE and Best Bank in the UAE by World’s Best Bank Awards by Global Finance, Most Innovative Bank in the Middle East by EMEA Finance and many others.