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First City Monument Bank Plc (FCMB) has announced the appointment of Nabeel Malik as the new executive director in charge of Retail Banking.
Nabeel joined FCMB from Mashreq Bank, Dubai, United Arab Emirates where he was a Senior Vice President responsible for Business development and strategy for international markets, overall governance of existing businesses in Qatar, Bahrain and Egypt and Retail expansion in international markets including corporate treasury and Financial Institutions business lines. He was also the Chief Marketing Officer while at Mashreq Bank.
He also worked with Citibank where he occupied various functions including Regional Marketing Director, Marketing Director for Wealth Management, Consumer Bank Regional Head and Consumer Bank Head for the United Arab Emirates. His experience spans various countries in Europe, Middle East, Africa and Asia.
Nabeel graduated from the Princeton University, Princeton, New Jersey with a Bachelor of Arts degree majoring in Economics. He also has a Masters degree in Public and Private Management from Yale School of Management, New Haven, Connecticut.
The Executive Director’s appointment is expected to drive the deepening of FCMB’s retail banking strength and grow loans, mortgages and card businesses.
The Retail Banking division includes Consumer Banking, SME Banking, Wealth Management, Private Banking and Shared Distribution business groups of the Bank and currently warehouses the largest contribution to the bank’s balances sheet and deposit base.