BML Names Mohamed Shareef as New CEO, First Maldivian to Lead the Bank

Bank of Maldives (BML) appointed Mohamed Shareef as CEO, the first Maldivian to lead the bank. Shareef, previously Deputy CEO, has over 25 years of experience and played key roles in modernizing the bank's operations. His appointment follows a board restructuring and the resignation of former CEO Karl Stumke amid controversy over foreign transaction limits. Shareef had resigned in 2020 after accusations of involvement in the MMPRC embezzlement scheme, which he denied. New board chairperson Ahmed Ali Habeeb is viewed as part of President Muizzu's efforts to exert control over BML.

Bank of Maldives (BML) appointed Mohamed Shareef as CEO, the first Maldivian to lead the bank. Shareef, previously Deputy CEO, has over 25 years of experience and played key roles in modernizing the bank's operations. His appointment follows a board restructuring and the resignation of former CEO Karl Stumke amid controversy over foreign transaction limits. Shareef had resigned in 2020 after accusations of involvement in the MMPRC embezzlement scheme, which he denied. New board chairperson Ahmed Ali Habeeb is viewed as part of President Muizzu's efforts to exert control over BML.

Bank of Maldives (BML) appointed Mohamed Shareef as CEO, the first Maldivian to lead the bank. Shareef, previously Deputy CEO, has over 25 years of experience and played key roles in modernizing the bank's operations. His appointment follows a board restructuring and the resignation of former CEO Karl Stumke amid controversy over foreign transaction limits. Shareef had resigned in 2020 after accusations of involvement in the MMPRC embezzlement scheme, which he denied. New board chairperson Ahmed Ali Habeeb is viewed as part of President Muizzu's efforts to exert control over BML.

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