UBL appoints Muhammad Jawaid Iqbal as President, CEO

April 03, 2023 (MLN): The Board of Directors (BoD) of the United Bank Limited (PSX: UBL) has decided to appoint Mr. Muhammad Jawaid Iqbal as President & CEO of UBL for a term of 03 years, the bank's filing on PSX revealed today.

This is subject to the approval of the State Bank of Pakistan (SBP) and compliance with all applicable laws, rules, and regulations in this regard.

Mr. Muhammad Jawaid Iqbal is a member of the BoD of UBL since December 14, 2022. He is the Chairman of the Board Risk & Compliance Committee (BRCC) and a member of the Board Human Resource & Compensation Committee (HRCC).

He is the founder of Providus Capital (Private) Limited-an investment firm established in 2017. Providus Capital primarily invests in the public equity markets of Pakistan.

Mr. Jawaid Iqbal has over two decades of banking experience and has worked with Emirates Bank International PJSC Pakistan, National Bank of Pakistan (NBP), and Allied Bank Limited (ABL) in senior managerial positions.

He did his Master's in Business Administration from Bahauddin Zakariya University, Pakistan; Chartered Financial Analyst (CFA) from CFA Institute, USA; and Advanced Management Program from Harvard Business School, USA.

While, Mr. Shazad G. Dada, the former CEO of the bank, upon completion of his 03 years term, has stepped down from the office of President & CEO of UBL for personal reasons.

The BoD appreciated Mr. Shazad G. Dada for his invaluable contributions, leading the Bank towards achieving excellent growth and financial results.

During his tenure, UBL surpassed many milestones and won prestigious industry awards.

"He has been a driving force behind many of the initiatives and projects that have brought the Bank to where it is today," the notification read. 

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