BML appoints Chief Risk Officer & Director of Islamic Banking

Two officials are appointed for Bank of Maldives's (BML) two key designations.

The Bank said that Mr Gary Laughton as the Chief Risk Officer and Ms Suri Hanim Mohamed for the post of Director of Islamic Banking has been appointed.

Previously Gary worked the Chief Credit Officer of Investec Bank, London. Gary has more than 20 years’ experience in Banking Risk Management. He had filled valuable senior posts of Investec Bank, United Kingdom and South Africa.

Suri: An expert in Islamic Banking
Suri has more than 19 years of experience in Islamic Banking and filled notable roles in the field. She worked as a Consultant in Tawafuq Consultancy SDN BHD. She has filled the post of Chief Executive Officer of Association of Islamic and Financing Institutions Malaysia as well as worked as the Executive Director of the Institute.

BML’s CEO and Managing Director Tim Sawyer said that with the appointment of two new officials, the Bank’s operation will become more efficient.

“Robust risk management is a key strategic pillar of our Bank. Significant steps have been taken in the past year to meet international best practices and Gary will be an important addition to drive forward our risk management strategy. We are planning to further strengthen our portfolio of Shari’ah compliant products throughout this year and I am confident that Suri will bring with her international experience and positively contribute to our steadily growing Islamic Banking arm. I wish Gary and Suri success in their new roles.” said Tim Sawyer, CEO of BML.

BML is the largest bank in the Maldives in addition to the largest employer of the Maldivians. The Bank’s 99% of employees are Maldivians. BML has been formulating most advanced policies. In that sense, significant changes are brought to the recruitment, training and reward and recognition policies. The Bank hosts various events to award top-performing employees to recognize their invaluable services.