President of HBL Set to Retire at the End of 2017

Nauman K. Dar, the President and Chief Executive Officer (CEO) of Habib Bank Limited (HBL) will be retiring on December 31, 2017.

Nauman K. Dar has worked in HBL for over 15 years. Mr. Rayomond H. Kotwal, the current Chief Financial Officer (CFO) will be the temporary CEO until a formal appointment of the new CEO is made.

Newly Appointed Director

Mr. Syed Salim, the former Governor of the State Bank of Pakistan has been appointed as the director on the Board of HBL.

He is an accomplished banker who has served a senior and global position in Citibank N.A. He is expected to bring his expertise and knowledge from his Governor-ship in the State Bank of Pakistan.

New Position of Chief Operating Officer Created

A new position has been established in the Board of HBL, the Chief Operating Officer (COO). Mr. Sagheer Mufti has been appointed as HBL’s Chief Operating Officer (COO). He will join his new office in HBL from January 8th, 2018.

Sagheer Mufti has 34 years of experience working in Citigroup and he has worked in country, regional, and global-level operations, technology and compliance. He was Citibank’s Global Head of Anti-Money Laundering Operations.

Mr. Mufti worked in Abu Dhabi Islamic Bank (ADIB) back in 2014 as the COO of the bank. He is currently responsible for Abu Dhabi Islamic bank’s operations, compliance, control functions and risk management such as business continuity, technology, and cybersecurity. He is exclusively responsible for the digital transformation and the simplification of customer’s experience with the bank to control and drive the value of the rapidly growing customer-base.

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