KARACHI: The Board of Directors of Standard Chartered Bank (Pak) Limited Wednesday appointed Asad Ali Shariff, Chief Financial Officers (CFO) as an acting Chief Executive Officer (CEO) of the bank.
The Board has submit his name for the necessary regulatory approvals for the interim period. He will hold the office until the time regulatory clearance for Rehan Shaikh as regulator CEO is received.
Earlier on June 8, 2020, the board has appointed Rehan Shaikh as new CEO of the SCB Pak Limited in place of Shazad Dada from 1st July 2020. The SCB has also formally submitted its request to State Bank for his final regulatory approval.
Mr Sheikh is currently CEO, Islamic Banking at Standard Chartered Bank. He has extensive senior management and diversified banking experience in Pakistan and internationally, across retail, commercial and corporate and institutional banking and Islamic banking segments.
On May 7, 2020, the board of directors of United Bank Limited (UBL) announced that Shazad G. Dada has been appointed as President and CEO of UBL for a period of three-year. The appointment of Shazad Dada is also subject to the approval of the State Bank and compliance with all applicable laws, rules and regulations in this regard.
The Board of Directors of UBL in its meeting held on May 6, 2020 has decided to appoint Shazad G Dada as President and CEO of UBL with effect from July 1, 2020 for a term of 3 years.”