Mashreq, the oldest publicly listed bank in the United Arab Emirates, has appointed Tushar Vikram as its new country head and CEO for India, effective June 2024, according to a statement issued today.
In his new role, Vikram will be responsible for leading Mashreq’s operations in India, steering the strategic direction, and driving growth in the country. This appointment marks a significant step for Mashreq as it aims to strengthen its presence in the Indian market.
Vikram brings a wealth of experience to his new role. He previously served as the group head of investment banking for HDFC Bank, where he oversaw project finance, equity, debt capital markets, and mergers and acquisitions (M&A). Before HDFC, Vikram spent 27 years with Citibank, holding various roles in commercial banking, investment and structured finance, digitization, credit processes, and risk management.
“Tushar’s track record of successfully managing large-scale financial portfolios and his deep experience in banking underscore 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, group head of international banking at Mashreq.
Expressing his enthusiasm for the new role, Vikram stated, “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.”
With a background in investment banking, corporate finance, and strategic financial management, Vikram has demonstrated expertise in navigating complex financial landscapes and driving sustainable growth strategies. His appointment is expected to enhance Mashreq’s strategic initiatives and operational excellence in India.
Under Vikram’s leadership, Mashreq aims to leverage his extensive experience and strategic vision to achieve robust growth and reinforce its competitive position in the Indian banking sector.
