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SCB appoints Shazad G Dada as CEO

The Board of Directors of Standard Chartered Bank (Pakistan) Ltd (Standard Chartered Pakistan) on Wednesday announced the appointment of Shazad G. Dada as Chief Executive Officer and Board Member. Shazad will join SCB, subject to regulatory approvals, by October 2014. He joins from Barclays Bank Pakistan PLC, where he has been Managing Director and Chief Executive Officer for more than three years.

Shazad brings more than 20 years of experience in banking and has held several senior positions at international banks in New York and Pakistan. Before working at Barclays, he spent more than 15 years at Deutsche Bank in New York where he specialised in Mergers & Acquisitions. He then moved to Pakistan as Chief Executive of Deutsche Bank in Pakistan. He joined Barclays Bank Pakistan as Chief Executive in 2010.

Commenting on the appointment, Christos Papadopoulos, Chairman of the Board of Directors, Standard Chartered Bank (Pakistan) Ltd, said "I am glad to welcome Shazad to our Management Team in Pakistan and I am confident that his leadership capabilities, international expertise and strong on-the-ground knowledge of the Pakistani market will bring additional strength to our management team as we continue building on our success. Our deep heritage and track record in Pakistan is testament to our continuous commitment to this market and we continue to invest in our business capabilities, human resources and platforms to provide our clients with superior banking experience."-PR

Copyright Business Recorder, 2014


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln