Mashreq, one of the leading financial institutions in the MENA region, has appointed Norman Tambach as its new Group Chief Financial Officer. 

 

In this pivotal role, Tambach will play a crucial part in supporting the future vision of the bank in terms of developing and executing financial strategies that support the bank's strategic objectives, driving innovative and technology adoption, and process improvements within the finance and corporate affairs functions across the group.

 

With an illustrious international career in banking and finance, Tambach brings a wealth of expertise encompassing an array of critical domains including strategic financial engineering, M&A, financial operations, regulatory governance, risk management, capital management and corporate tax planning. This is in addition to in-depth understanding of financial technologies, data analytics, and digital transformation, the bank said.

 

His distinguished background comprises several senior financial leadership roles, including his time at the publicly listed global bank ING, which he joined in 2013 as Group Controller and Head of Finance. Tambach became the Chief Financial Officer and Executive Board Member of ING Germany in 2019. Previously he held significant positions at KPMG in Belgium and the Netherlands.

 

Ahmed Abdelaal, Group CEO of Mashreq, said: "It is with great pleasure that we welcome Norman to the Mashreq family. His extensive experience as a financial leader across multiple markets demonstrates a broad and deep knowledge of international challenges, opportunities, and the nature of a rapidly evolving financial landscape.  His leadership will provide Mashreq with a clear direction in achieving its fundamental objectives of sustainable growth, fiscal stability, and robust protection for the bank and its shareholders.”

 

Tambach will take a leading role in the oversight of the Bank’s balance sheet, its financial reporting structure, and its interaction with multiple regulatory and tax jurisdictions. He will also play a central role in the continued digitization of the Bank’s financial operations, the efficacy of its reporting functions, and the professional development of a highly experienced finance team.  - TradeArabia News Service