Our Leadership
Maldives Premier Bank is guided by an experienced Board and management team with deep expertise across banking, finance, governance, technology, and international markets. Their combined experience reflects a strong balance of global perspective and local insight — supporting the Bank's role in advancing a modern, resilient financial system for the Maldives.
The Board of Directors has established the following committees to assist in the discharge of its responsibilities:
Audit Committee
The Audit Committee shall assist the Board in its oversight of the integrity of the Bank’s financial statements and financial reporting processes, The effectiveness of internal controls and internal audit, The independence, performance, and engagement of the external auditor and Compliance with accounting standards, legal requirements, and regulatory expectations.
Board Risk Oversight Committee (BROC)
The BROC shall assist the Board to Identify, assess, and monitor material risk exposures across the Bank, Oversee the development and implementation of risk management strategies and policies, Review the effectiveness of the Bank’s risk management framework, risk appetite, and capital management processes; and Promote a strong and consistent risk management culture throughout the Bank.
Nomination, Compensation and Remuneration Committee (NCRC)
The Nomination, Compensation and Remuneration Committee (NCRC) shall assist the Board in ensuring that the Bank has a transparent and robust process for the nomination and appointment of Directors and senior management, sound and prudent remuneration policies aligned with the Bank’s long-term objectives and risk appetite, effective succession planning for the Board and key management roles and Appropriate oversight of outsourced human resource management and development activities, where applicable.
Corporate Governance Committee (CGC)
The Corporate Governance Committee (CGC) shall assist the Board in promoting and strengthening the Bank’s corporate governance framework, Overseeing compliance with applicable corporate governance requirements, including those issued by the Maldives Monetary Authority (MMA) and Monitoring the effectiveness of governance policies, practices, and ethical standards across the Bank.
Trust and Investment Committee (TIC)
The TIC oversees trust and fiduciary services, investment governance and mandates, compliance with client mandates and fiduciary duties, risks arising from trust and investment activities and oversight of investment performance, controls, and external managers.
Related Party Transactions Committee (RPTC)
The Related Party Transactions Committee (RPTC) shall assist the Board in ensuring that all Related Party Transactions are conducted on arm’s-length terms, do not prejudice the interests of the Bank, its depositors, or minority shareholders and comply with applicable laws, regulations, MMA directives, and the Bank’s Related Party, Transactions Policy.
Management committees support the executive team in day-to-day decision making across key areas of the Bank:
Asset & Liability Committee (ALCO)
Manages the Bank's balance sheet, interest rate risk, liquidity and capital adequacy.
Credit Committee
Reviews and approves credit proposals and ensures adherence to the Bank's credit policy.
IT Steering Committee
Governs technology strategy, digital transformation initiatives, and information security.
Compliance Committee
Monitors regulatory compliance and oversees AML/CFT obligations of the Bank.