Dubai, September 2025 – RAKBANK has announced the appointment of Ashfaq Bandey as its new Executive Vice President – Head of Talent Acquisition, Onboarding & Talent Management. This strategic move highlights the bank’s commitment to strengthening its human capital framework and embedding innovative, inclusive, and data-driven approaches to talent management at the core of its operations.
With more than 22 years of HR leadership experience across the UAE, UK, India, Egypt, and Pakistan, Ashfaq brings a wealth of global expertise to his new role. Throughout his career, he has played a transformative role in shaping people strategies, driving organizational change, and building high-performing, inclusive teams. His leadership style combines strategic vision with operational agility, making him a trusted driver of workforce transformation in dynamic markets.
Prior to joining RAKBANK, Ashfaq held senior leadership roles at Mashreq and other prominent institutions, where he spearheaded award-winning talent programs and played a key role in launching digital banks. His experience in embedding agile, technology-driven hiring models has enabled organizations to adapt to evolving workforce needs while strengthening employee engagement and retention. Known for his forward-looking approach, Ashfaq has been instrumental in aligning HR practices with business strategy, ensuring that talent becomes a central driver of organizational success.
At RAKBANK, Ashfaq will oversee the full spectrum of talent acquisition, onboarding, and talent management. His mandate will focus on attracting top talent, streamlining integration processes for new employees, and cultivating leadership pipelines that align with the bank’s long-term growth ambitions. By implementing innovative HR practices and leveraging data analytics, he is expected to enhance the employee experience while driving inclusivity and performance across the organization.
Industry observers note that his appointment comes at a pivotal time for the banking sector, which is increasingly focused on digital transformation and evolving customer expectations. In this environment, talent plays a critical role in ensuring banks remain competitive and innovative. By strengthening its HR leadership with Ashfaq’s global expertise, RAKBANK positions itself to lead with a modern, agile, and people-centric approach.
The appointment also reinforces RAKBANK’s commitment to fostering an inclusive workplace culture that embraces diversity and empowers employees to thrive. With a focus on building sustainable talent ecosystems, Ashfaq’s leadership will contribute to the bank’s broader mission of innovation and excellence in the regional financial sector.
As RAKBANK continues to evolve into a more digitally enabled and customer-focused institution, Ashfaq Bandey’s vision and expertise in HR transformation are expected to be key assets in aligning people strategy with business objectives. His leadership marks a significant step forward in redefining how the bank attracts, develops, and retains talent in a competitive global market.
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