Mashreq, a prominent financial institution in the MENA region, has announced the appointment of Tushar Vikram as its new Country Head and CEO of India, effective June 2024. In this role, Tushar Vikram will oversee Mashreq’s operations in India, driving strategic growth and expansion.
Tushar Vikram brings nearly three decades of banking experience to Mashreq. Before joining Mashreq, he served as Group Head of Investment Banking at HDFC Bank, where he led Project Finance, Equity, Debt Capital Markets, and M&A. Prior to his tenure at HDFC Bank, Vikram spent 27 years at Citibank, holding various roles in Commercial Banking, Investment and Structured Finance, Digitization, Credit Processes, and Risk Management.
Tarek El Nahas, Group Head of International Banking at Mashreq, expressed his enthusiasm for Vikram’s appointment, stating, “We are delighted to welcome Tushar Vikram to the Mashreq family. His impressive track record in managing large-scale financial portfolios and extensive banking experience will be instrumental in steering Mashreq’s growth in India. We look forward to his leadership in enhancing our strategic vision and delivering exceptional value to our clients.”
In response to his appointment, Tushar Vikram said, “I am excited to join Mashreq and lead its growth efforts in India. This new phase in my career presents an incredible opportunity to build on Mashreq’s legacy as a challenger bank. I look forward to working with the talented team at Mashreq, leveraging the bank’s global network to offer innovative financial solutions. My aim is to enhance our reputation for delivering world-class banking experiences to our clients.”
Tushar Vikram holds a bachelor’s degree in commerce from Delhi University and is a qualified Chartered Accountant. With his extensive background in investment banking, corporate finance, and strategic financial management, he is well-equipped to navigate complex financial landscapes and drive sustainable growth strategies for Mashreq in India.
Mashreq’s strategic move to appoint a seasoned banker like Vikram underscores its commitment to strengthening its presence and expanding its operations in the Indian market.
