Bank of Maldives has announced Mohamed Shareef as its new Chief Executive Officer (CEO), effective October 17. With this appointment, Shareef has become the first Maldivian CEO of the institution, a major turning point for the bank and the Maldivian financial sector.
Shareef has over 25 years of extensive experience in the financial sector to his new role, including over seven years at executive and board level.
Throughout his tenure at BML, Shareef played a significant role in modernising the bank's operations and achieving substantial growth. He led a key role in the implementation of core banking systems, the introduction of debit and credit card services, and the expansion of digital banking solutions, including internet banking, mobile banking, self-service banking, and e-commerce payment gateways. These efforts greatly enhanced the bank's financial performance and improved its service delivery and digital transformation.
Additionally, Shareef was pivotal in the bank’s strategic development throughout his tenure. He has played an important role in managing key departments including Islamic Banking, Technology, Marketing, Retail Banking, and Operations. His career continued in the private sector following his departure from BML in 2020, where he held several executive and consulting positions.
Shareef holds an MBA from the University of Manchester and has completed the Senior Executive Programme at London Business School, a prestigious programme for CEOs and senior executives worldwide. He further enhanced his leadership credentials by serving as the elected Vice Chairman of the Asian Bankers Association from 2018 to 2020.