Bank of Maldives PLC (BML) has appointed Gary Laughton as its new Chief Risk Officer and Ms. Suri Hanim Mohamed as its Director of Islamic Banking.

The bank announced the appointments in a press released today BML said that Mr. Laughton held the position of Chief Credit Officer at Investec Bank, London and has over 20 years banking and risk management experience. He has held key senior management roles in Investec Bank in UK and South Africa.

BML said that Ms. Suri Hanim Mohamed has over 19 years of senior leadership experience in setting up and managing new Islamic Banking business units. She was previously a consultant in Tawafuq Consultancy Sdn Bhd, Malaysia and she has also held the position of Chief Executive Officer and Executive Director of the Association of Islamic Banking and Financial Institutions Malaysia.

CEO and Managing Director of BML, Tim Sawyer said that “robust”risk management is a key strategic pillar of the bank.

“Significant steps have been taken in the past year to meet international best practices and Gary will be an important addition to drive forward our risk management strategy. We are planning to further strengthen our portfolio of Shari’ah compliant products throughout this year and I am confident that Suri will bring with her international experience and positively contribute to our steadily growing Islamic Banking arm. I wish Gary and Suri success in their new roles.” The BML CEO said.