Mashreq Bank names new chief of retail banking group

Fernando Morillo Lopez comes with 30 years of experience in the financial sector

  

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.
 
Lopez 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, according to a bank statement.
 
His responsibilities include collaborating with other stakeholders to deliver revenue, through offering a superior client experience, and through digital innovation and information-led transformation.
 
Welcoming Morillo into the fold, Mashreq Bank Group CEO Ahmed Abdelaal said: “Hs 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 Lopez to provide a strong customer experience as well as maximise value to our shareholders,” stated Abdelaal.
 
Lopez said: “It is an honour to be able to step into this new role at Mashreq. I look forward to leading the charge as our industry adapts to the enormous changes taking place in financial services. I am thrilled to be joining an organisation in the UAE 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.”
 
In his 30 years of experience in the financial sector, Lopez served six years as the Managing Director & Global Head of Retail Products and Segments for Standard Chartered Bank in Singapore.-TradeArabia News Service

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