Dubai headquartered Mashreq Bank has appointed Mohua Sengupta as the new Bengaluru-based managing director for its remote working campuses in India, Egypt and Pakistan.
Sengupta will collaborate with all group functions in these regions to service the strategic, digital and operational requirements of Mashreq globally, according to a statement.
“Today, the global financial and technology landscape is extremely dynamic and exciting. I look forward to collaborating with the diverse Group functions at Mashreq to further reinforce its position as a global pioneer, creating the best experiences for our employees and customers with innovation and agility at core,” Sengupta said.
An IT (information technology), banking and financial services industry veteran, Sengupta joins Mashreq from IT services firm 3i Infotech where she was responsible for overseeing the services business unit. She was also the member of the management council at 3i Infotech, responsible for the strategy and overall growth of the organization. Prior to that, she was the senior vice president and global head of BFSI at ITC Infotech. Previously, Mohua has also held leadership positions at iGATE, Mphasis and Accenture.
“The recent widespread changes in working practices have presented an opportunity for us to create the best digital remote working experience for our employees, ensuring that we can continue to provide the very best digital banking experience for our customers.,” Mark Edwards, group head of operations, Mashreq Bank said.
“We are confident that Mohua, with her rich and diverse experience, together with Mashreq’s proven agile way of thinking and acting, will be able to successfully lead our efforts in building a world class work from anywhere platform for Mashreq globally,” he added.
According to a recent report by Bloomberg, the banking major plans to move nearly half of its workforce to cheaper locations like India. Citing undisclosed sources, the report said the company has officially informed it staff that it will be shifting jobs to locations including India, Egypt or Pakistan. The move is part of a reorganization which will see the firm allowing a portion of its employees to work from home. Its Emirati staff is not part of this rejig, the report added.