Norman Tambach, a Dutch native, brings over 30 years of expertise to the Dubai-based bank, where he will handle the AED 3.7 billion revenue base and lead the financial division. Mashreq offers corporate and retail banking services to clients in the United Arab Emirates, Bahrain, Qatar, Kuwait, Egypt, and India, as well as foreign exchange services in Bangladesh, Pakistan, and Nepal. The bank (established in 1967) now has branches in New York, London, and Hong Kong, the world's financial centers.
“It is with great pleasure that we welcome Norman to the Mashreq family. His extensive experience as a financial leader across multiple markets demonstrates a broad and deep knowledge of international challenges, opportunities, and the nature of a rapidly evolving financial landscape. His leadership will provide Mashreq with a clear direction in achieving its objectives of sustainable growth and fiscal stability,” said Ahmed Abdelaal, CEO of Mashreq.
Tambach began his career in 1991 with the Big Four company KPMG, where he worked for nearly 20 years, primarily in the Netherlands but also in Belgium and Ukraine. The KPMG partner then joined ING, where he served as group controller and board member in Germany. Tambach was named CFO of ING's German business in 2019.
“I am excited to join Mashreq during such an exciting moment in its trajectory as a digital challenger bank with a fast-growing international presence. During a period of significant global geopolitical and economic uncertainty, I look forward to helping the bank navigate challenges, exploit emerging opportunities, and maximize its innate strengths as a leading player in the digital economy,” said Tambach on his move.