Commitment towards placing Emiratis in leadership positions

Dubai, United Arab Emirates, 5th September 2011:  Mashreq, one of the UAEs leading financial institutions announced the appointment of a UAE National Shaker Fareed Zainal, as Head of Distribution. The new appointment comes in line with the banks Emiratisation strategy and commitment to place UAE Nationals in leadership positions within the bank.

In his new post as Head of Distribution, Zainal will be responsible of the branches network, operations and day to day process.

Shaker Fareed Zainal is an experienced banker with 13 years in the banking and finance industry. Prior to joining Mashreq, he held the post of Head of Branches and Corporate Customer Service in HSBC, where he overlooked customer interaction and the level of service provided to them.

I am very pleased to join Mashreq. This is a great opportunity to be part of an organization that is rooted with values and yet keeping up with pace to offer customers the best financial practices to accommodate their requirements. Zainal said.

I certainly look forward to carry out the banks strategy and implement the same with my extensive learning, thus achieve the overall goal set. He added.

Zainal held various managerial positions in HSBC such as Regional Head of Operations, Head of Distribution and Direct Banking, Network Service Manager, Regional Call Centre Manager and Head Corporate Customer Services amongst others.

Zainal holds Bachelors of Accounting from the UAE University.

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About Mashreq:
Mashreq is one of the UAEs leading 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. Its most recent acknowledgement was Best Consumer Internet Bank in Qatar 2009 & 2010, Best Consumer Internet Bank regionally by Global Finance Awards 2009 and Best Emerging Market Banks Middle East  by Global Finance Awards 2010.

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.

Press Release 2011