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Dubai: Mashreq Bank, one of the leading financial institutions in the UAE, has appointed Marouf Mohamed Shweikeh as Group General Counsel, to manage the bank’s Legal Affairs reporting into the Group CEO.
In his role, Marouf will be responsible for managing the bank’s legal requirements, including safeguarding the organization against local and international legal risks and pre-empting future risks from a legal, statutory and compliance standpoint. Additionally, Marouf will provide expert legal opinion to the bank’s management regarding new and existing ventures, as well as processes in line with prevailing laws, procedures, and jurisdictions.
Marouf brings with him more than 25 years of legal experience. Before taking the position at Mashreq, he served as General Counsel for Al Hilal Bank, where he managed a team of 50 people in the legal department. Prior to this, he also served as the General Counsel, Head of Legal Department, for Alawwal Bank in Riyadh, Saudi Arabia – as well as the Legal Advisor & Secretary of the Board of Directors to the Central Bank of Bahrain. His functional expertise covers areas such as lending transactions, new market entry and due diligence, legally focused product development, regulatory projects, privatization and commercial litigation, in addition to arbitration and mediation.
Ahmed Abdelaal, Group CEO of Mashreq Bank, said: “The COVID-19 pandemic, coupled with technological disruption and multiple new entrants joining the financial eco-system, has transformed the banking landscape in profound ways. At a time in which markets are looking to recover from a particularly challenging period - and Mashreq continues to expand on its international reach - Marouf’s appointment will be vital as we work to mitigate risk and navigate an increasingly sophisticated regulatory environment in the Middle East and beyond. We are pleased to welcome him as the new Group General Counsel and are certain that his extensive legal experience in the region will benefit Mashreq as we look to continue our growth story.”
Marouf Mohamed Shweikeh added: “It is an honor to be able to step into this new role at Mashreq. Navigating legal risks, regulatory guidance and statutory compliance can be among the biggest challenges that any bank faces in its operations. Under the leadership of the Group CEO, we’ll be working to ensure that Mashreq continues to operate in accordance with best practices and deepens ties with regulators, government authorities and – most importantly – our valued customers.”
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About Mashreq
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.
For media enquiries, please contact:
Rana Al Borno
Public Relations, Mashreq
Tel: 04 –6083629
Email: RanaAlb@mashreq.com
© Press Release 2021
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