New Bank of Maldives CEO appointed as managing director

The Bank of Maldives has announced the appointment of current CEO Andrew Healy as its new Managing Director.

Healy joined the bank as CEO last month, being appointed by the government to the board of directors on February 6. The decision was made during Monday’s board meeting.

A BML press release today detailed Healy’s 18 years of experience in the retail and commercial banking sectors with both the National Bank of Ireland and the Royal Bank of Scotland.

Healy replaces British national Peter Horton, who resigned from the post last August after two years in charge.

BML recently announced net profits of MVR667 million in 2013, showing a growth of 78% compared to 2012. The bank paid its shareholders the first dividend since 2008 in November of last year.