Bank of Maldives (BML) has named Mohamed Shareef as its new Chief Executive Officer, effective 17th October 2024. His appointment marks a notable moment in the Bank’s history, as he becomes the first Maldivian to assume the position of CEO.
With over 25 years of experience in the financial sector, including more than seven years in executive and board-level roles, Shareef is well-prepared to lead the country’s largest financial institution. During his previous tenure at BML, he played a key role in modernising the Bank’s operations and driving significant growth.
Shareef’s leadership was instrumental in introducing core banking systems and launching essential services such as debit and credit cards, internet and mobile banking, and self-service banking. Under his guidance, BML also expanded its e-commerce payment gateways, enhancing its digital capabilities and service delivery.
Beyond his contributions to technological advancements, Shareef oversaw key departments including Islamic Banking, Technology, Marketing, Retail Banking, and Operations. His efforts helped shape the Bank’s strategy and improve customer experience.
Shareef holds an MBA from the University of Manchester and has completed the prestigious Senior Executive Programme at London Business School. He also served as Vice Chairman of the Asian Bankers Association from 2018 to 2020. After leaving BML in 2020, he continued his career in the private sector, taking on executive and consulting roles.
Shareef’s appointment signals a new era for BML and highlights the growing expertise and leadership within the Maldivian financial sector.
