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Board of Directors

Our Board consist of 11 directors, from which 08 directors are nominated by the Government while the remaining 03 directors are elected by the General Shareholders.

Ms. Fareeha Shareef, Chairperson
(Independent, Non-Executive Director)

Ms. Fareeha is a founder and former Managing Partner (2010 to 2014) of FJS Associates LLP where she currently holds the position of Senior Partner. She is also a Director at FJS Consulting Pvt Ltd and has been an Independent Consultant of Adam Smith International since 2012. Prior to her appointment as the Chairperson of BML, Ms. Fareeha has completed 6 years as a Board Member of Maldives Pension Administration Office (MPAO).

Ms. Fareeha has professional experience in various fields such as auditing, accountancy, financial management and governance. In addition, she has vast experience in financial modelling, including banking, Micro Small and Medium Enterprises (MSME) and socioeconomic research in Maldives and in the international arena.

Ms. Fareeha is a Fellow Member of CPA (Certified Public Accountants, UK) and ACCA (The Association of Chartered Certified Accountants, UK) and a member of the Institute of International Auditors and Certified Fraud Examiners. She holds a Master of Management Studies (First Class) degree from the University of Waikato, New Zealand.

Ms. Fareeha holds 200 shares in the Bank.

Mr. Andrew Healy

(Non-Independent, Executive Director)

Mr. Andrew John Healy is Chief Executive Officer and Managing Director of the Bank. A career banker, Mr. Healy has over 18 years of executive banking experience, including at CEO and Board level.

Prior to joining Bank of Maldives, Mr. Healy worked for two international banking groups most recently as Irish CEO and Group Executive Committee member of Scandinavian Institution, Danske Bank Group. He has also worked for Royal Bank of Scotland Group in senior roles in both Ireland and the United Kingdom.

Mr. Healy has extensive experience in all aspects of banking. He has held a number of respected industry leadership positions including Chairman of the Northern Ireland Banking Association and President of the Institute of Banking in Ireland. He holds a first class Master’s degree in Business from University College Cork, Ireland and a Bachelor of Science degree in Financial Services from University College Dublin, Ireland. He is a Fellow of the Institute of Banking in Ireland and a Chartered Member of the UK Institute of Personnel and Development.

Mr. Healy holds no shares in the Bank.

Mr. Mohamed Shareef
(Non-Independent, Executive Director)

Mr. Mohamed Shareef joined the Bank in 1995. He currently holds the position of Retail Banking Director. He has over 18 years of banking experience and has held various senior roles within the Bank.

Prior to his appointment as Retail Banking Director, Mr. Shareef was the Bank’s Operations Director. He previously filled the position of Head of Card Centre where he successfully led the development of the Bank’s fledgling card business.

Mr. Shareef holds a Master of Business Administration (Finance) degree from University of Manchester, United Kingdom.

Mr. Shareef has no shares in the Bank.

Mr. Murthala Mohamed Didi

(Independent, Non-Executive Director)

Mr. Murthala is a partner and Managing Director of Conus Investments Pvt. Ltd. He was the former Director General of Maldives Civil Service Commission.

Mr. Murthala started his Government service in 1985 as a Banking Officer at the Maldives Monetary Authority and worked his way up the career ladder holding various positions at the Civil Aviation Authority, Department of Immigration and Emigration including Assistant Controller of Immigration and Emigration and as the Director of National Disaster Management Centre.

He Holds a Masters of Business Administration from Edith Cowan University, Australia.

Mr. Murthala holds 50 shares in the Bank.

Mr. Mohamed Luveiz

(Independent, Non-Executive Director)

Mr. Mohamed Luveiz is the Minister of State for Economic Relations at the President’s Office. Prior to being appointed to this position, he was the Director of Corporate Secretariat at the President’s Office. He also served as the Advisor on Investments at the Ministry of Finance and Treasury.

Mr. Luveiz began his career in 1995 and has gained vast experience in various areas over the years. In addition to the aforementioned, he served as the Director of Economic Affairs at the Ministry of Economic Development from 2007 to 2010.

Mr. Luveiz holds a Bachelor of Commerce degree from University of South Australia, Australia, a post graduate diploma in Education from University of Adelaide, Australia as well as a Masters of Business Administration degree from Victoria University of Technology, Australia.

Mr. Luveiz has no shares in the Bank.

Mr. Abdul Haris
(Non-Independent, Non-Executive Director)

Mr. Abdul Haris is Managing Director of Island Aviation Services Limited. Mr. Haris started his career in aviation with Air Maldives in 1985 where he gained hands-on experience in accounting and financial management.

While at Air Maldives, he was instrumental in achieving IATA membership and acquiring the IATA billing and settlement plan for the flag carrier. Mr. Haris was also a member of the technical advisory committee to the government on establishing an international airline in the Maldives.

After joining Island Aviation as Director of Finance and Accounts in 2000, Mr. Haris played a key role in making “Maldivian” a regional carrier. He became Managing Director in 2012.

Mr. Haris served as a Non-Executive Director of Dhiraagu Plc from 2004 to 2006. He holds an Honours Degree in Accounting and Management Systems from Thames Valley University, United Kingdom and was the first Maldivian to achieve membership of the UK Association of Accounting Technicians.

Mr. Haris has no shares in the Bank.

Mr. Mohamed Umar
(Independent, Non-Executive Director)


Mr. Mohamed Umar is Chief Accountant at Sun Island Resort and Spa, a position he has held since 2010. Prior to this he was the Chief Accountant at Villa Hakatha Private Limited.

From December 2003 to January 2006, Mr. Umar worked for HSBC’s Male’ Branch and has vast experience of the banking and financial industry.

Mr. Umar is a CIMA-qualified Chartered Accountant.

Mr. Umar has no shares in the Bank.

Ms. Aishath Arsha
(Non-Independent, Non-Executive Director)

Ms. Aishath Arsha is the Business Director of Maldives Boat Club Pvt Ltd. She worked at Bank of Maldives as the Head of Risk and Re-engineering from June 2011 to August 2014 as well as at the Credit Department from 2003 till 2007.

Ms. Arsha worked as a Relationship Manager at the Australian Wespac Banking Corporation from 2007 to 2010.

Ms. Arsha has a Master's degree in International Economics and Finance from University of Queensland, Australia and a Bachelor of Business (Banking and Finance) degree from Charles Stuart University, Australia.

Mr. Mohamed Abdul Sattar
(Independent, Non-Executive Director)


Mr. Mohamed Abdul Sattar is Managing Director of Coco Huts Pvt. Ltd. He was first elected to the Board of Directors of the Bank by the public shareholders from 08th September 2004 to 29th June 2005. On 30th October 2005, he was appointed to the Board by the Government and was last re-appointed on 13th June 2008. Since 07th August 2009, he has been elected to the Board by the public shareholders.

Mr. Sattar is the current Chairman of the Bank’s Appointment, Nomination and Remuneration Committee.

He holds a Master of Business Administration degree from University of Wales, United Kingdom

Mr. Sattar has 2,770 shares in the Bank.

Mr. Ibrahim Mohamed
(Independent, Non-Executive Director)

Mr. Ibrahim Mohamed is Managing Director of Tropical Island Holidays Pvt. Ltd. He has served on the Board both as a Government appointed as well as a Director elected by the Shareholders.

A finance and tourism sector professional, Mr. Ibrahim currently serves on the Boards of several companies.

Mr. Ibrahim is the current Chairman of the Bank’s Audit and Risk Management Committee.

Mr. Ibrahim holds a postgraduate degree in Tourism from University of Strathclyde, United Kingdom and a Higher National Diploma in Business and Finance (Tourism) from South Glamorgan Institute of Higher Education (Cardiff Metropolitan University), United Kingdom.

Mr. Ibrahim holds 960 shares in the Bank.

Ms. Ibthishama Ahmed Saeed
(Independent, Non-Executive Director)

Ms. Ibthishama Ahmed Saeed is the Deputy General Manager of Addu International Pvt Ltd.

Ms. Ibthishama worked in Bank of Maldives from 2003 until 2014 where she held posts such as Corporate Banking Director and Associate Director, Investment Banking.

She holds a Master of Arts in Marketing Communication from University of Westminster, UK.

Ms. Ibthishama has 15 shares in the Bank.