The Board of Directors of HBL has appointed Nauman K Dar as its President and CEO who will take over from retiring President R Zakir Mahmood and CEO in September 2012. R Zakir Mahmood, President and CEO of HBL will be retiring from his position after serving the institution for over 12 years.
Mahmood's contributions in the development of the bank's franchise in Pakistan as well as in the international markets were recognised by the Board of Directors as an invaluable asset. Chairman Sultan Ali Allana applauded Mahmood's leadership and exemplary dedication in the evolution and repositioning of the bank since 2000, which has resulted in HBL becoming the leading bank of Pakistan in terms of its deposits and outreach to all sectors of the economy.
With over 1,450 branches and presence in 25 countries around the world, during Mahmood's tenure, HBL's balance sheet has witnessed unprecedented growth and the Bank continued to expand its footprint in the rural and urban populations of the country. Nauman K Dar has been a career banker and brings with him a wealth of 30 years of banking experience in Pakistan as well as Africa and Europe. Dar is currently Head of HBL's International, Corporate and Investment Banking. His experience and well recognised qualities will facilitate the growth of HBL in years to come. Dar's appointment is subject to applicable regulatory approvals.-PR
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