Absa Bank Seychelles Limited (ABSL) has announced that its Managing Director, Nazim Mahmood, will leave the bank after completing his assignment in Seychelles.
The bank said Mr Mahmood, who joined ABSL in September 2022, will officially leave on 8 June 2026.
According to ABSL, Mr Mahmood played a key role in strengthening the bank’s operations, shaping its strategic direction and reinforcing client relationships during his tenure.
The bank also said it achieved progress in business growth, digital transformation, customer service enhancement and market expansion under his leadership.
ABSL’s Board, management and staff expressed appreciation to Mr Mahmood for his leadership, dedication and contribution to the organisation.
Board Chairman Marc Houareau said Mr Mahmood had made an important contribution to the bank and the financial sector.
“Mr. Mahmood has provided steady leadership and made a significant contribution to both the Bank and the wider financial sector during his time in Seychelles,” Mr Houareau said. “In the post-COVID-19 period, his leadership and extensive banking experience proved invaluable to our institution and contributed to the Bank’s strong financial performance throughout his tenure. On behalf of the Board of Directors and all Absa colleagues, we thank him for his dedication and wish him every success in his future endeavours.”
The recruitment process for a new Managing Director is currently underway, the bank said.
In the interim, Finance Director Santosh Ramdonee will oversee the bank’s operations. The leadership team will support him.
ABSL said the arrangement would help ensure stability, continuity and seamless service for customers and stakeholders.
Reflecting on his time at the bank, Mr Mahmood said it had been a privilege to lead the organisation.
“It has been a privilege to lead ABSL and work alongside such a dedicated team. I am proud of what we have achieved together and remain confident in the Bank’s continued success,” he said. “ABSL remains committed to delivering excellent service, providing innovative financial solutions, and maintaining strong relationships with our clients, employees, regulators, and the wider community.”