Mashreq, a prominent financial institution in the MENA region, has appointed Muhammad Hamayun Sajjad as the Chief Executive Officer for Mashreq Pakistan. Mashreq Bank Pakistan Limited is actively progressing towards obtaining a restricted license from The State Bank of Pakistan to kickstart its digital retail banking operations. This marks a significant milestone in its journey towards becoming a fully licensed banking entity in Pakistan.
The In-Principal Approval (IPA) received in 2023 underscores the bank’s dedication to enhancing Pakistan’s financial landscape by introducing innovative digital banking services aligned with the country’s vision for a digitally empowered economy.
Muhammad Hamayun brings extensive leadership experience in the financial sector, having played instrumental roles in driving transformation and success for financial institutions across the Asia-Pacific and Middle East regions.
In his new role at Mashreq, Muhammad Hamayun will focus on strategically expanding the bank’s operations in Pakistan, fostering innovation, and ensuring exceptional customer experiences. With a strong reputation for strategic vision and innovation leadership, Muhammad Hamayun aims to strengthen the bank’s position as a globally recognized financial institution renowned for innovation and customer-centricity.
He will lead the realization of Mashreq’s vision to be a catalyst for digital banking transformation in the market, leveraging the bank’s award-winning digital ecosystem and suite of products including NEO, NEOBiz, and NEOPAY.
Muhammad Hamayun’s commitment to the National Financial Inclusion Strategy (NFIS) and track record in creating positive impact align with Mashreq’s agenda to serve diverse segments of Pakistani society, particularly focusing on SMEs, youth, and women.
Fernando Morillo, Group Head of Retail Banking at Mashreq, expressed confidence in Muhammad Hamayun’s leadership, emphasizing his expertise in delivering digital-first banking experiences aligned with the bank’s regional goals.
Muhammad Hamayun expressed enthusiasm about his appointment, highlighting Mashreq’s vision to contribute significantly to Pakistan’s financial and digital inclusion agenda. He emphasized leveraging the bank’s heritage, market understanding, international expertise, and digital innovation to provide intuitive banking experiences to Pakistanis.
Muhammad Hamayun holds a specialization in Mastering Design Thinking from MIT, an MBA in Finance and Marketing, and a bachelor’s degree in Computer Science, underscoring Mashreq’s commitment to digital transformation and banking excellence across the MENA region and beyond.
