Dubai, United Arab Emirates, 27th Jul. 2011: Mashreq, one of the leading financial institutions announced the appointment of Farhad Irani as the new Head of Retail Banking. Irani's extensive experience in the banking and finance sector in various international and leading institutions will play a major role towards achieving Mashreq's retail plans.
Irani will be responsible to lead the retail banking business in the bank. Before joining Mashreq, Farhad held the post of General Manager at Paypal Asia, based in Singapore where he was responsible for the strategy and business development across 13 markets.
His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq commented on the appointment, "Farhad's appointment comes in line with our efforts to attract high caliber of individuals to lead the bank's operations. His in-depth and varied global banking experience makes him suitable to lead our retail operations corporate. The coming period will witness extensive activities carried out as part of our strategy to grow and expand. Farhad's experience in various markets will be key to execute and achieve our objectives in the near future."
Previously, Irani worked in Standard Chartered Bank, Asia, leading two Group level positions: Credit Card and Personal Loans and Consumer Finance. He led the strategic direction setting for the two posts including all business components.
Irani said, "I am pleased to join one of the region's leading financial institutions and become part of a bank that has been in practice for over 40 years. Mashreq has a solid reputation for continuous innovation and that is important to develop and compliment the banking segment in any country. Certainly, I look forward to join a team which is committed towards the overall growth of the bank and the retail banking in specific to overcome challenges and accomplish goals set before us."
Prior, he was appointed as the Executive Vice President and Chief Marketing Officer at CitiFinancial Japan - CitiGroup.
Farhad has an extensive banking experience of 21 years in the financial industry. With various posts such as Managing Director and Chief Marketing Officer at Korea Exchange Bank, Country Head of Consumer Bank, Standard Chartered Bank - Indonesia, Head of Personal Bank, Standard Chartered Bank - Indonesia, Head of Bankcard Division India at Standard Chartered Bank and Area Director Personal Bank (Standard Chartered Bank), India.
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About Mashreq:
Mashreq is one of the UAE's leading National Financial institutions. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travelers' cheques, credit cards and ATMs.
Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin. It's most recent acknowledgement was Best Consumer Internet Bank in Qatar and Best Consumer Internet Bank regionally by Global Finance Awards 2009.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
For further information, please contact:
Samir Hammad
Regional PR Manager, Mashreq
Tel: 04 -6083701
Mob. 055-8832021
Email: SamirH@mashreqbank.com
Faten Abdullah
Gulf Hill & Knowlton
Tel: 04 334 4930
Email: Faten. abdullah@hillandknowlton.com
© Press Release 2011
