UAE, Dubai - 31 July 2017: Mashreq Bank today announced the appointment of Vipul Kapur as its new Head of Private Banking. Vipul replaces Rajesh Malkani who left the bank to pursue an external opportunity. Rajesh was a valued member of the senior management team of Retail Banking and made good contribution to driving the business.
Vipul Kapur comes with a distinguished 25-year track record across various aspects of Retail Banking. During his tenure with Citibank, Vipul has worked in India, Bahrain, Dubai, Singapore and London, and has gained significant experience in Private Banking and Wealth Management across multiple geographies. He was also responsible for establishing new markets in MENA and Europe, and driving business growth with affluent clients. In his last role with Sansons, Vipul led the growth of distribution channels in Middle East and Asia, and acted as a Senior Advisor to fintech start-up ventures in financial services.
In his new role at Mashreq, Vipul will report to Subroto Som, Group Head of Retail Banking.
On a separate note, Alexandre Suarez, Director of Investment Advisory Private Banking, has decided to leave the Bank to pursue a new opportunity outside the GCC after 10 years in the Gulf region. Alex has been a key contributor to the positive transformation of our wealth management capabilities and has gained industry respect for his expertise. Alex's successor will be announced in due course.