Norman Tambach is the new CFO of Mashreq

Mashreq Bank has announced the appointment of Norman Tambach as its new Chief Financial Officer (CFO). With more than 30 years of experience, Tambach, a Dutch national and former KPMG partner, will take on this role at the Dubai-based bank. His responsibilities will include overseeing Mashreq’s AED 3.7 billion revenue base and leading the finance function.

Mashreq offers corporate and retail banking services across various countries, including the UAE, Bahrain, Qatar, Kuwait, Egypt, and India. Additionally, the bank operates foreign exchange businesses in countries such as Bangladesh, Pakistan, and Nepal. Established in 1967, Mashreq has a global presence, with branches in major financial centers like New York, London, and Hong Kong.

Ahmed Abdelaal, CEO of Mashreq, expressed his enthusiasm about Norman Tambach’s appointment, highlighting Tambach’s extensive experience as a financial leader in various international markets. Abdelaal believes that Tambach’s leadership will provide a clear direction for Mashreq in achieving its goals of sustainable growth and fiscal stability.

Tambach’s career began in 1991 at the Big Four firm KPMG, where he spent over two decades, primarily in the Netherlands, but also with stints in Belgium and Ukraine. Later, he transitioned to ING, where he held key positions, including Group Controller and Board Member at ING in Germany. In 2019, Tambach assumed the role of CFO for ING’s German business.

Throughout his career, Tambach has accumulated extensive expertise in areas such as strategic financial engineering, mergers and acquisitions, financial operations, regulatory governance, risk management, capital management, corporate tax planning, data analytics, and digital transformation.

Regarding his new role at Mashreq, Tambach expressed his excitement about joining the bank during a pivotal moment in its journey as a digital challenger bank with a rapidly growing international presence. He looks forward to helping the bank navigate challenges, leverage emerging opportunities, and capitalize on its strengths as a leading player in the digital economy amidst global geopolitical and economic uncertainties.

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