Mashreq, the UAE’s oldest publicly listed bank, has announced the appointment of Tushar Vikram as its new Country Head and CEO for India, effective from June 2024.
According to the statement, Vikram will be tasked with overseeing Mashreq’s operations in India. He will be focusing on steering its strategic direction and fostering growth in the Indian region of Operations.
Mashreq’s choice of Tushar Vikram signals its plan to strengthen its operations in India. While also maintaining its aim to bring more value and innovation to its customers in the country’s evolving financial sector.
Prior to joining Mashreq, Vikram held the position of Group Head of Investment Banking at HDFC Bank. There he led initiatives spanning project finance, equity, debt capital markets, and mergers and acquisitions.
His extensive career also includes 27 years at Citibank, where he held diverse roles. These encompass commercial banking, investment and structured finance, digitization, credit processes, and risk management.
Tarek El Nahas, Group Head of International Banking at Mashreq, emphasized “Tushar’s track record of successfully managing large-scale financial portfolios and deep experience in banking underscores his capability to effectively steer Mashreq’s growth and further strengthen our position as a key player in the Indian market.
We look forward to his leadership in propelling our strategic vision and delivering exceptional value to our clients,” said Tarek El Nahas.
In response to his appointment, Vikram has expressed his enthusiasm for leading Mashreq’s expansion efforts in India, aiming to build upon the bank’s strong legacy as a challenger in the banking sector.
His background in investment banking, corporate finance, and strategic financial management positions him well to navigate complex financial landscapes. His expertise in implementing sustainable growth strategies is sure to bring incremental growth of Mashreq.
“I look forward to the opportunity to spearhead the bank’s growth efforts in India, and I am eager to contribute to Mashreq’s impressive legacy as a challenger bank,” said Vikram.
The appointment of Tushar Vikram underscores Mashreq’s commitment to leveraging experienced leadership. This will enable them to capitalize on growth opportunities in key markets, reaffirming its strategic ambitions.
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