Mashreq, a preeminent financial institution in the MENA region (Middle East and North Africa), has announced the appointment of Tushar Vikram as its new Country Head and CEO of India, effective from June 2024. In his new role, Vikram will helm the bank’s operations in India, driving strategic growth and direction.
Vikram brings a wealth of expertise to Mashreq, with a career spanning three decades in the banking sector. Before joining Mashreq, he served as Group Head of Investment Banking at HDFC Bank, overseeing key divisions including Project Finance, Equity, Debt Capital Markets, and Mergers and Acquisitions (M&A). His extensive experience (also) includes 27 years at Citibank, where he held various roles in commercial banking, investment and structured finance, digitisation, credit processes, and risk management.
“It is with great pleasure we welcome Tushar Vikram to the Mashreq family. His 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,” said Tarek El Nahas, Group Head of International Banking at Mashreq.
He expressed his enthusiasm for the new role, stating, “I look forward to working with the talented team at Mashreq, leveraging the bank’s global network to deliver innovative financial solutions. This role presents a valuable opportunity to capitalise on my experience and build further its reputation for delivering truly world-class banking experiences for its clients.”
Vikram holds a bachelor’s degree in commerce from Delhi University and is a qualified Chartered Accountant. His robust background in investment banking, corporate finance, and strategic financial management equips him with the expertise to navigate complex financial landscapes and drive sustainable growth strategies.
The appointment of Tushar Vikram underscores Mashreq’s commitment to expanding its footprint in India and reinforcing its position as a leader in the financial services sector. The bank, which has been present in India since 1980, aims to leverage Vikram’s leadership to continue delivering exceptional value to its clients.
Mashreq’s forward-thinking approach and dedication to innovation remain at the forefront of its strategy, ensuring the bank stays well-prepared for potential disruptions while meeting the current needs of its clients. Vikram’s appointment marks a significant step in Mashreq’s journey towards achieving its strategic vision and enhancing its service offerings in the Indian market.
This move is expected to further solidify Mashreq’s reputation for delivering world-class banking experiences, demonstrating the bank’s unwavering commitment to excellence and innovation in the financial services industry.
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