Askari Bank Limited has appointed Saleem Anwar as acting President and CEO of the bank, replacing Syed. M Hussaini at the helm.
Askari Bank revealed that Syed. M Hussaini ceased to be the President and CEO of the bank with effect from 28th March 2018.
Previously, Anwar served as Chief Financial Officer of Askari Bank Limited.
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Anwar joined Askari Bank Limited in June 2008. He has diversified work experience, spanning over 24 years, in the fields of accounting, finance, planning, tax and corporate affairs, both in Pakistan and abroad. He started his professional career with A. F. Ferguson & Co. Chartered Accountants (affiliates of PriceWaterHouse Coopers International).
After that, he joined the erstwhile Al Faysal Investment Bank, the largest investment bank in Pakistan. He moved to commercial banking in 2002 and worked in several capacities with banks in Pakistan and abroad. His last major assignment was with Mashreq Bank (Badr Al Islami), Dubai, UAE, as head of special projects.
His predecessor, Hussaini joined Askari Bank as President and CEO in June 2013.
Hussaini has held key positions which required expertise in startups of Financial Institutions, infrastructural and business development for Commercial Banks in developing countries. He helped in establishing the Rozgar Micro Finance Bank in Karachi and became the first CEO of the Bank. This provided him with a perspective on issues of poverty alleviation through a program of small business loans.
His other major assignments in Pakistan include President KASB Bank, CEO of a Modaraba, Head of Corporate Banking Group, MCB and at National Bank of Pakistan.
Askari Bank Limited provides banking products and services to individual and corporate customers, primarily in Pakistan and the Middle East.
AKBL stocks were trading at Rs 22.80, up Rs 0.41 (+1.61 percent) with a turnover of Rs 1.66 million.
