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Bank of Maldives (BML) on Sunday announced significant changes to its leadership structure including the appointment of Sahar Waheed as the Deputy CEO and Chief Operations Officer (COO).

Sahar will be leading the banking operations, legal and corporate affairs, human resources, administration and properties as well as the procurement functions of the Bank.

With over 18 years of experience in banking, Sahar has held key positions at the Bank including Head of Strategic Planning and Change Management and most recently as the People and Change Director.

Sahar holds a BSc in Economics and Economic History from the London School of Economics and Political Science, as well as an LLM in Commercial Law and a Chartered Banker professional qualification from the Asian Institute of Chartered Bankers.

To align its organisational structure with its long-term strategic goals, the bank also announced its new executive management team on Sunday. In addition to the Chief Financial Officer, Nandana Senevirathne and Chief Risk Officer, Gary Laughton, the following appointments were made:

  • Adly Ahmed Didi, Chief Technology Officer (CTO), overseeing the Bank's technology strategy and digital transformation.

  • Moosa Nimal, Chief Business Officer (CBO), responsible for corporate, business and personal banking.

  • Rashfa Jaufar, Chief Credit Officer (CCO), leading credit risk management, recoveries and credit administration.

  • Aishath Zamra Zahir, Chief Marketing Officer (CMO), responsible for marketing, customer services, and project management.

  • Hassan Kalaam, Chief Islamic Banking Officer (CIBO), leading BML Islamic’s business and personal banking.

Commenting on the appointments, Mohamed Shareef CEO and Managing Director of Bank of Maldives, stated, “Our commitment to fostering local talent is evident in these key leadership appointments. Each individual brings unparalleled expertise in their respective areas; and their proven capabilities and understanding of the Maldives banking landscape will drive our vision of supporting individuals, businesses, and communities across the country.”

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