Dubai, UAE: Mashreq Bank, one of the leading financial institutions in the UAE, has appointed Fernando Morillo Lopez 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 the Retail 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 Bank said: “We are pleased to welcome Fernando Morillo Lopez 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 opportunity as retail 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. We look forward to working with Fernando to provide a strong customer experience as well as maximize 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 Morillo Lopez 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.”

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