Mashreq has hired Vivek Batra as Global Head of Transaction Banking, effective immediately. He succeeds Victor Penna, who is leaving the bank after nearly four years in the role.
Batra will assume full responsibility for global transaction banking (GTB) across the wider Mashreq Group. He will have a particular focus on growing the use of the bank’s corporate banking platform NEO CORP, which launched in September 2024 and covers cash management, collections, documentary trade and supply chain finance.
At the same time, he will seek to further develop the GTB business in all international markets and “lead the push into new digital banking and industry ecosystems”, said Mashreq.
Batra joins from Boston Consulting Group, where he served as a Senior Advisor for the past two years, helping bank clients deliver and execute their digital and transaction banking strategies.
He took on that post after five years at MUFG, where he worked as head of transaction banking for its Asia GTB business, based in Singapore. Prior to this, he served at DBS for over a decade and held multiple posts, including global sales head for GTB.
Mashreq also appointed Salman M. Hadi as the company’s new Group Head of Treasury and Capital Markets (TCM). Hadi brings extensive experience in treasury and capital markets, with a track record of senior roles at leading financial institutions, including Abu Dhabi Commercial Bank and Emirates NBD.
