August 07, 2023 (MLN): The federal government on Monday appointed Mr. Rehmat Ali Hasnie as President/CEO of the National Bank of Pakistan (NBP) for the period of three years, a notification issued by the Finance Division today revealed.
Mr. Hasnie is a seasoned professional with extensive experience in the banking and financial industry. He has held various senior leadership roles and has been associated with several prominent organizations in Pakistan.
In May 2022, Mr. Hasnie was appointed as Acting President of NBP, a position he has held for over a year as of the current date. Prior to this role, he served as Senior Executive Vice President & Group Chief (Inclusive Development Group) and Senior Executive Vice President & Group Chief (Investment Banking Group) at the same institution, playing a key role in establishing a new business group focused on promoting financial inclusion and credit delivery to priority sectors.
He joined NBP in 2010 as Executive Vice President and Group Head of Investment Banking, a role he held for six years and eight months.
During this time, he was responsible for the origination of investment banking (debt and equity) transactions and project finance mandates, transaction structuring, closing syndicated transactions, document negotiations, and team management.
Mr. Hasnie's journey in the financial sector began in 1995 when he joined Taurus Securities Limited as a Resident Representative in Lahore. In this role, he was responsible for client relationship management and played a crucial role in developing a client base for one of the major corporate brokerage houses.
He later moved on to Fidelity Investment Bank in 1999, where he demonstrated his leadership skills by establishing the capital market operations of the bank, including setting up the brokerage subsidiary.
In 2001, Mr. Hasnie took on the responsibilities of Chief Operating Officer at Lahore Stock Exchange (G) Ltd. Here, he managed the day-to-day affairs of the exchange, overseeing clearing and settlement operations, risk management, regulatory enforcement, and listing applications.
Continuing his successful career, he joined Escorts Investment Bank as EVP and Head of Capital Markets, as well as Head of Equity Brokerage Business in 2003. He played a vital role in evaluating private equity transactions, syndications, underwritings, IPOs, listings, and valuations.
In 2004, he moved to IGI Investment Bank Limited as EVP and Head of Corporate Finance. His expertise in evaluating private equity transactions, syndications, underwritings, IPOs, and valuations further contributed to the bank's success.
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Posted on: 2023-08-07T15:08:19+05:00
