Rizwan Ata, a big name in the Islamic banking industry, has moved to Bank Islami to head its important commercial unit as the country head distribution.
He quit Bank Alfalah as the group head of Islamic banking a few months ago, having served the bank for five and a half years. He was one of the key members of Atif Aslam’s team.
Like other team members of Atif Aslam, the former CEO and President of Bank Alfalah, he also said goodbye to Bank Alfalah after working many months under the new leadership of Nauman Ansari, the new CEO and President of the same bank.
Ata set up independent advisory services on Islamic banking for a few months before eventually joining Amir Ali, CEO and President Bank Islami, who he worked with previously at Meezan Bank.
Rizwan Ata headed the Islamic banking group of Allied Bank before switching to Bank Alfalah.
The alumnus of LUMS gained rich experience in Islamic banking at Meezan Bank, where he served for more than 10 years and left the bank as the group head retail banking, SME and commercial businesses.
Ata is a seasoned banker who started his career in Islamic banking and served the industry in different professional capacities. He has a good command over the dynamics of Pakistan’s banking industry and the demand and designs of Sharia-based financing to various commercial sectors.
The addition of Rizwan Ata in a leadership position at Bank Islami might provide impetus growth to the bank in different ways, which is all set to expand under the new CEO and his team.