Shahram Raza Bakhtiari has been appointed as the CEO and President of Silk Bank.
He has been promoted from the Group Head to the position of CEO replacing Azmat Tareen. His predecessor held the position of top banker since 2008—the year when the bank had been established and completed over 4 terms as the CEO of the bank.
The approval of his appointment is pending approval from the regulatory authority.
Shahram Raza Bakhtiari has vast and varied experience spread over 30 years, of managing Sales and Business of reputable organizations in Pakistan and UAE. His Banking experience ranges from Consumer to SME including unsecured and secured businesses.
He started his career with The Nation daily in 1987 and then joined TCS in 1991. He had a successful career at TCS where he attained the position of Country Manager Sales, managing a sales force of over 500 people and 200 distribution points besides being Business Head for three Business Divisions. He was also involved in setting up their UAE operations in 1997-99.
He entered Banking in 2001, joining Union Bank as AVP, and became EVP within four years. As a National Sales Manager he launched American Express Card and later became the Business Manager for Amex Charge and Credit Cards. In 2004, he moved to the SME Division as Business Manager for Running Finance product, where he managed a portfolio of Rs. 14 billion. In 2006, Union got acquired by Standard Chartered and he continued there as Business Head in SME until April, 2008.
Shahram Raza Bakhtiari has been associated with Silk Bank since its inception in May 2008 as Head of Consumer Banking Business. He was promoted to the position of Group Head – Retail Banking in September 2016.
Bakhtiari holds an MBA degree in Marketing.
Presently, Silk Bank has been witnessing a tough scenario reporting a loss of Rs. 581 million in the first quarter of 2020. The losses stood at Rs. over 3 billion by the end of 2019.