HBL sees leadership change

March 11, 2024 (MLN): Muhammad Aurangzeb, President & Chief Executive Officer of Habib Bank Limited (PSX: HBL), has tendered his resignation to the Board of Directors.

According to a notice issued by the bank on the local bourse today, the Board has accepted his resignation pending approval from the State Bank of Pakistan.

Subsequently, Muhammad Nassir Salim has been appointed as the new President & Chief Executive Officer, subject to regulatory approval.

Nassir Salim has over 35 years of diversified experience in banking industry both locally and internationally.

He is part of HBL since 2017 and was working as Chief Operating Officer since January 2024. He is also Chairman of the Board for HBL Currency Exchange.

Previously, he was Head of Global Operations for 3 years.

Prior to joining HBL, he has worked in numerous financial institutions across globe including Head of Retail Operations for Abu Dhabi Islamic Bank (UAE) and Site President & Director for Treasury and Trade solution for Citi Bank (USA). He was also Chairman of the Board for NIFT.

He holds MBA Finance from Institute of Business Administration (IBA) along with fellowship of the Institute of Bankers Pakistan (FIBP).

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