CEO of Bank of Maldives, Timothy Sawyer has decided to step down from the position.

In a message sent out to BML employees today, Sawyer highlighted that his three-year contract with BML is coming to an end and that he has discussed with the board of directors to not renew the contract any further. Hence, he noted that he will be stepping down from the position of CEO within the next month or two.

Sawyer highlighted that these past few years have been particularly tough for the bank, especially with the challenges thrown by the Covid-19 Pandemic. He stressed that despite the challenges, BML has overcome all hurdles and is currently at it's strongest, capable of being very successful in the future as well.

He further noted that he is extremely proud of the achievements of the bank and all it's employees.

Mr. Timothy Sawyer joined the Bank in July 2019. He has over 30 years of international experience in financial services, including 20 years at Executive and Board level. Prior to joining Bank of Maldives, he was the Chief Investment Officer at Innovate UK, the investment arm of the UK Government.