Dubai: Mashreq on Thursday announced the departure of Farhad Irani, its retail banking head, and the appointment of Subroto Som as a replacement.

After almost five years at the helm of Mashreq’s Retail Banking Group Irani is leaving the UAE to rejoin his family in Australia, Mashreq said in an emailed statement.

“Farhad has been an extremely valuable member of the Mashreq family. A leader, mentor and friend to many in the bank, Farhad’s presence will be greatly missed; but we are fortunate to have as his successor someone like Subroto Som, who joins us as the new Executive Vice President and Head of Retail Banking, ” said Abdul Aziz Al Ghurair, CEO of Mashreq.

During his time with Mashreq, Irani has been instrumental in driving Mashreq’s drive to market leadership in banking innovation since the summer of 2011.

Subroto is an alumnus of the prestigious IIT Delhi and has an MBA from IIM Ahmedabad. He has 3 decades of retail banking experience with organizations like Citi Bank and Standard Chartered where he has held several senior business, risk and operations assignments such as Global Head SME Banking, Head of Consumer Banking, Seoul First Bank South Korea and Regional Head Consumer Banking Middle East & South Asia based in Dubai. His last assignment with Standard Chartered was Regional Head of Consumer Banking, ASEAN based in Singapore.