Mashreq Appoints Muhammad Hamayun Sajjad As CEO For Pakistan

Mashreq, a prominent financial institution in the MENA region, has appointed Muhammad Hamayun Sajjad as the Chief Executive Officer (CEO) for Mashreq Pakistan. The bank is actively working towards obtaining a restricted license from The State Bank of Pakistan to kickstart its digital retail banking operations, a significant milestone in its journey to becoming a fully licensed banking entity in Pakistan.

The In-Principal Approval (IPA) received in 2023 underscores Mashreq's dedication to enhancing Pakistan's financial landscape by introducing innovative digital banking services that align with the country's vision for a digitally empowered economy. Muhammad Hamayun brings a wealth of experience in the financial sector, having played a pivotal role in driving transformation and success for financial institutions in the Asia-Pacific and Middle East regions.

As the CEO of Mashreq Pakistan, Muhammad Hamayun will focus on strategically expanding the bank's operations in Pakistan, fostering a culture of innovation, and ensuring exceptional customer experiences. His strategic vision, innovation leadership, and expertise aim to solidify Mashreq's position as a renowned global financial institution known for innovation and a deep understanding of the local customer base.

Under Muhammad Hamayun's leadership, Mashreq aims to be a catalyst for digital banking transformation in the market by expanding its digital ecosystem and offering a full suite of products, including NEO, NEOBiz, and NEOPAY. His commitment to the National Financial Inclusion Strategy (NFIS) aligns with Mashreq's goal of serving a broad spectrum of the Pakistani society, with a focus on SMEs, youth, and women.

Fernando Morillo, Group Head of Retail Banking at Mashreq, expressed confidence in Muhammad Hamayun's ability to drive digital innovation and deliver a revolutionary digital-first banking experience in Pakistan. Muhammad Hamayun, in turn, expressed excitement about contributing to Pakistan's financial and digital inclusion agenda by leveraging Mashreq's heritage, market understanding, and digital innovation to provide intuitive and integrated banking experiences to Pakistanis.

With a background in Mastering Design Thinking from Massachusetts Institute of Technology (MIT), an MBA in Finance and Marketing, and a bachelor's degree in Computer Science, Muhammad Hamayun's appointment reflects Mashreq's commitment to digital transformation and banking excellence across the MENA region and beyond.