Bank of Maldives has appointed Mohamed Shareef as its new Chief Executive Officer, making him the first Maldivian to lead the national bank, with the role set to begin on Thursday. The appointment follows a leadership reshuffle that included Ahmed Ali Habeeb becoming board chairperson and the September resignation of Managing Director and CEO Karl Stumke.
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Shareef, who previously served as the bank’s Deputy CEO, is set to officially assume the role on Thursday.
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With over 25 years of experience in the financial sector, Shareef has held executive and board-level positions for more than seven years.
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marks his return to the bank following his resignation in 2020 after over 25 years of service.
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which saw Ahmed Ali Habeeb appointed as chairperson of the board during an Extraordinary General Meeting (EGM) last month.
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The leadership overhaul came amid a period of upheaval, following the resignation of Managing Director and CEO Karl Stumke in September.
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a controversy surrounding BML’s decision to suspend foreign transaction allowances on Maldivian Rufiyaa (MVR)-linked debit and credit cards, which was widely criticised and subsequently reversed under pressure from the Maldives Monetary Authority (MMA).
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