Bank of Maldives (BML) appoints new Chief Executive Officer.
The national bank of the island nation has appointed a South African national, Mr. Karl Stumke as the bank’s newest chief.
Speaking about the new chief, the bank claims Mr. Stumke brings over 36 years of experience from leading banks at Executive and Board level in the Middle East, Africa, Indian Oceans and the UK.
Mr. Stumke is an associate of the Chartered Institute of Banks, South Africa. He had completed Bachelors in Accounting Science, at the University of South Africa.
Prior to his appointment as the new BML CEO, Mr. Stumke was the CEO of Al Ahli Bank of Kuwait. He first worked as the the International General Manager, handling the corporate portfolio at a prominent scale. He was promoted as the Chief Executive Officer of the bank’s UAE division.
Before his tenure at Al Ahli Bank, Mr. Stumke held the Regional Corporate Director position of Muscat Bank’s Bahrain division, and the Regional Managing Director position of Barclays Bank, Mauritius and Indian Oceans.