Daily The Business

Bank Alfalah elects nine directors

Nauman Ansari appointed as CEO on existing terms

106

M J Hayat

LAHORE: The Bank Alfalah Limited has elected nine directors of the bank for a term of three years.
“We would like to inform that an Extraordinary General Meeting of Bank Alfalah Limited was held on May 27th, 2018 for the purpose of election of directors for bank,” a notification said.
The nine persons have been elected as the directors of the bank for a period of next 3 years, commencing from 27 May, 2018, subject to approval of State Bank of Pakistan.
The person elected included Sheikh Nahayan Mubarak Al Nahayan, Abdullah Naseer Hawaileel Al Mansoori, Abdullah Khalil Al Mutawa, Khalid Mana Saeed Al Otaiba, Efstratios Georgios Arpaglou, Shehzad naqvi, Dr Ayesha Khan, Gyorgy Tamas Ladies, Nauman Ansari.
We would like to inform you that an emergent meeting of the directors was immediately held soon after the EOGM. The board has appointed Sheikh Nahayan Mubarak Al Nahayan as Chairman of Board of Directors.
The board has also appointed Nauman Ansari as Chief Executive Officer of the Bank, on existing terms and conditions, for a term of three years with effect from May 27th, 2018.
Nauman Ansari joined Bank Alfalah Limited as President and Chief Executive Officer in July 2017.

Prior to this, Nauman served various banks during his twenty-four year professional career, including leading institutions like Standard Chartered Bank, Bank of America, ABN Amro, Fortis Bank and Samba.
He began his career with Standard Chartered Bank, Karachi in 1993, followed by three years at the Bank of America.
After joining ABN Amro Bank in 1998, he was appointed Director Portfolio Strategy & Execution in 2004.
He then joined Fortis Bank, Dubai, in 2006, as Head of Institutional Banking – Middle East & Pakistan, followed by the role of Head of Corporate Banking at Samba Bank Limited (formerly known as Crescent Commercial Bank) in 2007.
He joined Faysal Bank as Group Head, Corporate & Investment Banking in 2008 and was appointed President and CEO in 2014. Nauman is reputed to be a seasoned banker with strong professional acumen. He is a business graduate of Miami University, USA.

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