Executive Moves
Senior appointments, board changes, and leadership transitions shaping the financial industry.
Oman Appoints Ahmed Al-Musalmi as Central Bank Governor Under Royal Decree 5/2025
Ahmed Al-Musalmi became Governor of the Central Bank of Oman on 1 January 2025 under Royal Decree 5/2025, replacing Tahir Al Amri who had led the institution since 2014.
Oman's Bank Dhofar Appoints Karumathil Gopakumar as Acting Chief Executive Officer
Bank Dhofar, one of Oman's leading commercial banks, named Karumathil Gopakumar as Acting CEO at the start of 2025.
Bank of China Appoints Zhang Hui as President, Joining from China Development Bank
Bank of China has appointed Zhang Hui as its new President, effective 23 December 2024, following board approval in early December and subsequent regulatory clearance for the incoming executive.
Crédit Agricole S.A. Board Appoints Olivier Gavalda as Chief Executive from May 2025 AGM
Crédit Agricole's Board of Directors selected Olivier Gavalda on 17 December 2024 to succeed Philippe Brassac as CEO, effective from the bank's Annual General Meeting on 14 May 2025.
Australia's Westpac Banking Corporation Names Anthony Miller as Group Chief Executive Officer
Anthony Miller became Westpac's Group CEO on 16 December 2024, succeeding Peter King who retired after a 30-year career at the bank, including five years as chief executive.
Singapore's UOB Appoints Leong Yung Chee as Group Chief Financial Officer Ahead of 2025 Transition
UOB named Leong Yung Chee as Group CFO effective April 22, 2025, as Lee Wai Fai retires after 20 years in the role, with Edmund Leong taking over corporate banking.
Flagstar Financial Names Lee Smith Senior Executive Vice President and Chief Financial Officer
Flagstar Financial has appointed Lee Smith as Senior EVP and CFO effective 27 December 2024, succeeding Craig Gifford who stepped down for personal reasons.
Pakistan's MCB Bank Appoints Muhammad Nauman Chughtai as President and CEO
MCB Bank announced the appointment of Muhammad Nauman Chughtai as its new President and Chief Executive Officer on 11 December 2024, succeeding Shoaib Mumtaz.
India Appoints Revenue Secretary Sanjay Malhotra as 26th RBI Governor
India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India, effective 11 December 2024, for a three-year term replacing Shaktikanta Das.
Kenya's President Ruto Appoints Gerald Nyaoma Arita as Central Bank Deputy Governor
President William Ruto has appointed Gerald Nyaoma Arita as Deputy Governor of the Central Bank of Kenya, effective 9 December 2024, subject to Senate confirmation.
Raymond James Board Confirms Paul Shoukry as Incoming CEO, Effective February 2025
Raymond James Financial confirmed on 4 December 2024 that Paul Shoukry would succeed retiring CEO Paul Reilly effective 20 February 2025, following a planned 15-year leadership transition.
HSBC Names Lisa McGeough US Chief Executive and Appoints Interim Head for Global Private Banking
HSBC has elevated Lisa McGeough to US CEO — the first woman in the role in over a decade — and named Gabriel Castello as interim global private banking head from 1 January 2025.