Mashreq appoints HDFC Bank's Tushar Vikram as country head and CEO of India operations

Mashreq, the oldest publicly listed bank in the United Arab Emirates, has appointed Tushar Vikram as its new country head and CEO of India, starting June 2024, said a statement issued today.

In his new role, Vikram will lead the bank’s operations in India, driving the strategic direction and growth in the country.

In his previous stint, he served as the group head of investment banking for HDFC Bank, where he led the project finance, equity, debt capital markets and M&A.


Prior to that, he spent 27 years with Citibank in various roles, covering commercial bank, investment and structured finance, digitisation, credit processes, and risk management.

“Tushar's track record of successfully managing large-scale financial portfolios and deep experience in banking underscores his capability to effectively steer Mashreq’s growth and further strengthen our position as a key player in the Indian market. We look forward to his leadership in propelling our strategic vision and delivering exceptional value to our clients," said Tarek El Nahas, group head of international banking, Mashreq.

"I look forward to the opportunity to spearhead the bank’s growth efforts in India, and I am eager to contribute to Mashreq’s impressive legacy as a challenger bank," said Vikram.

With a background in investment banking, corporate finance, and strategic financial management, he has expertise in navigating complex financial landscapes and driving sustainable growth strategies.