Wednesday, 17 July 2024
Mashreq strengthens private banking & wealth management with new leadership
Mashreq, one of the UAE’s leading financial institutions, announced the appointment of Mr. Rajesh Malkani as its new Head of Private Banking & Wealth Management business.
Rajesh has over 20 years of experience in Private Banking & Wealth Management across Middle East, Africa and Asia and has won several awards including “Outstanding Private Banker” by Private Banker International and “Private Banker of the Year” by Asian Private Banker. He is also recognised as a “Distinguished Financial Industry Certified Professional/ IBF Fellow for Wealth Management" by the Institute of Banking & Finance, Singapore. His appointment is seen as a testament to the high performance talent the Bank attracts.
Subroto Som, Head of Retail Banking Group at Mashreq commented, "Wealth Mangement is one of our main areas of focus and growth and over the past few years, Mashreq Private Banking & Wealth Management has quickly become one of the drivers behind Mashreq’s retail banking growth. With Rajesh leading the team at such an important time, we firmly believe that we will be successful in achieving our strategic plans and exceeding them."
Som added, "Having recently won the "Best Private Bank for Super Affluent Clients in the UAE" in the prestigious Euromoney's 13th annual private banking survey is an equally important reminder of the trust and confidence that our clients place in us. Ultimately our aim is to recognize each of our clients as an exceptional individual and provide the service that embraces such individuality."
Mr. Malkani brings a wealth of experience from the private banking and wealth management world. Prior to joining Mashreq, Mr. Rajesh Malkani held various senior management positions in Private Banking at Standard Chartered and BNP Paribas. Some of the positions he held were; Managing Director - Regional Head South Asia, Africa and Middle East, based in London and Managing Director – Regional Head of North & South East Asia, based in Singapore, amongst others.
"This is a great opportunity to further cement Mashreq's preeminent status as the bank of choice for wealth management across various client segments" said Rajesh Malkani. It is my priority to leverage Mashreq Bank's universal banking capabilities across retail, business, treasury services, corporate banking and wealth management thereby creating a compelling value proposition for our clients."
Re-disseminated by The Asian Banker
