Mohamed Shareef to Lead Bank of Maldives as First Maldivian CEO

Bank of Maldives (BML) has appointed Mohamed Shareef as its new Chief Executive Officer, effective 17th October 2024. His appointment is a significant milestone in the Bank’s history, as he becomes the first Maldivian to hold the position of CEO.

Shareef has over 25 years of experience in the financial sector, including more than seven years in executive and board-level roles. He brings substantial expertise to lead the nation’s largest financial institution. During his previous tenure at BML, he played a pivotal role in modernising operations and driving growth.

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Shareef was instrumental in introducing core banking systems and launching key services such as debit and credit cards, internet and mobile banking, and self-service banking. Under his leadership, BML also expanded its e-commerce payment gateways, strengthening its digital infrastructure and enhancing service delivery.

In addition to his contributions to technological advancements, Shareef led several critical departments, including Islamic Banking, Technology, Marketing, Retail Banking, and Operations, helping to shape the Bank’s strategy and improve customer experience.

He holds an MBA from the University of Manchester and has completed the Senior Executive Programme at London Business School. From 2018 to 2020, he served as Vice Chairman of the Asian Bankers Association. After leaving BML in 2020, he pursued executive and consulting roles in the private sector.

Shareef’s appointment ushers in a new chapter for BML, reflecting the growing leadership and expertise within the Maldivian financial sector.