Mashreq Retail Banking Group has appointed Subroto Som as its new executive vice president and head.

 

Farad Irani, who is passing the leadership to Som, brought to bear his extensive global experience and transformed the retail banking operations.

 

Abdul Aziz Al Ghurair, chief executive officer, Mashreq, said: "Farhad has been an extremely valuable member of the Mashreq family. A leader, mentor and friend to many in the bank, Farhad's presence will be greatly missed; but we are fortunate to have as his successor someone like Subroto Som, who joins us as the new executive vice president and head of retail banking.

 

"Subroto is an alumnus of the prestigious IIT Delhi and has an MBA from IIM Ahmedabad. He has three decades of retail banking experience with organisations like Citi Bank and Standard Chartered where he has held several senior business, risk and operations assignments such as global head - SME banking, head of Consumer Banking, Seoul First Bank South Korea and regional head Consumer Banking Middle East and South Asia based in Dubai. 

 

“His last assignment with Standard Chartered was regional head of Consumer Banking, Asean based in Singapore where he was responsible for a Retail Business that generated revenue in excess of $2 billion.

 

“Som brings a very similar world view and experience to Farhad's and he will bring his own ideas on innovation to the retail bank. Although the transition is seamless, I think his approach to innovation at RBG will shift us up a gear." - TradeArabia News Service