Ishaq Dar finally find the "suitable" person to
head countries largest financial institute National Bank of Pakistan (NBP).
Syed Ahmed Iqbal Ashraf Ex group chief NBP now appointed as Chief Executive of
the bank.
Media information issued by NBP said that Syed Ahmed Iqbal
Ashraf, Managing Director / Chief Executive Officer of PAIR Investment Company
Limited, appointed President and CEO.
Syed Iqbal has over 33 years of International banking
experience serving in senior positions in United Kingdom, United States of
America, Middle East and Pakistan.
Ashraf is a Fellow of
Association of Chartered Certified Accountants (FACCA) from England, where he
was educated. He started his career in banking in UK. After working in the UK,
U.S. and U.A.E. for 19 years, he returned to Pakistan.
NBP President post was vacant since July ,2013 after the
resignation of Asif Borhi on the allegation of miss conduct. Instead
appointment full time CEO newly powered federal government give acting charge
to Asif Hassan.
There were very strong roomer that Munir Kamal will be appointed President
and CEO of the bank. Sources says that
his appointment summery was ready and in any day it will be approved by Prime
Minister. Munir Kamal also see very closed with PM Nawaz Shareef during youth
loan scheme related events.
Prior to joining PAÏR Investment Company Limited as MD/CEO,
Mr Ashraf served as a Group Chief of NBP, as the Deputy Managing Director
/Director of Pak China investment Company, and as Managing Director and Chief
Executive Officer of Bank of Khyber.
He has also served as Country Head Investment Banking &
Head of Financial Institutions for Societe Generale (SG) –The French
International Bank of France from 1996 to 2002. His main achievements at SG
were the appointment as the Financial Advisor to Privatization Commission of
Pakistan for the successful privatization of United Bank Limited. During his
tenor with SG, he also successful arranged numerous syndicated facilities as
the sole Arranger. He was appointed in the SG consortium as Financial Advisor
for privatization of PESCO, by the Privatization Commission.
He has also worked with Habib Bank Limited as Executive Vice
President - Head of Investment Banking. He set up Investment Banking function
at HBL, and has won numerous mandates.
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