BML makes changes to executive leadership with new organizational structure

The Bank of Maldives (BML) made changes to its executive leadership on Tuesday as part of organizational restructuring.

According to BML, its new organizational structure is designed to strengthen accountability, simplify the customer journey, and align the bank more closely with its long-term strategy of sustainable growth, deeper customer relationships, and elevated service standards.

As part of this restructuring, four members of the executive team have taken up adjacent roles for an initial period of six months. They are:

• Aishath Zamra Zahir — Chief Commercial Officer
• Moosa Nimal — Chief Marketing Officer
• Rashfa Jaufar — Chief Risk Officer
• Gary Laughton — Chief Credit Officer

The new structure took effect on Tuesday, following approval by the Board of Directors.

BML’s CEO and Managing Director Mohamed Shareef said the changes were focused on growth.

“The bank is in a strong position, and we're organizing ourselves to serve customers better and grow faster,” he said.

“The temporary rotation of executive roles is a deliberate investment in leadership depth, giving experienced leaders direct exposure to an adjacent discipline strengthens both the individual and the institution. It reflects our confidence in this team and our ongoing commitment to developing Maldivian leadership at every level."

BML states that the restructuring reflects the bank’s ongoing commitment to strengthening its organization, investing in its people and capabilities, and delivering sustainable growth while raising the standard of service for its customers.

The bank stressed that these changes are internal and will not affect customers' accounts, products, services, or existing points of contact.