JS Bank’s board of directors have appointed Basir Shamsie as the new President and CEO of the bank replacing the former CEO Khalid Imran.
The board has accepted the resignation of outgoing President & CEO of the bank and promoted his Deputy CEO as bank’s new President and CEO.
Mr. Shamsie has been serving as the SEVP & Group Head Treasury, Investment Banking & Financial Institutions at JS Bank for the last 12 years. He also served as a Director, Head of Fixed Income at JS Bank for more than 12 years.
Shamsie also has Bachelors’ Degree in Business Administration and Management from University of Texas, Austin.
Since 1999, he has successfully led and closed 27 debt capital market transactions, many of which have been landmark transactions such as the first commercial paper, first floating rate instrument, first perpetual bond, first bank subordinated debt, first 10-year corporate bond, and the first local Sukkuk Bond of Rs. 8 billion for WAPDA.