Adil Salahuddin to assume Standard Chartered Pakistan CEO charge after SBP clearance

Standard Chartered Bank (Pakistan) Limited (SCBPL) said that Adil Salahuddin will assume charge as its new chief executive officer (CEO) and director from August 13 (Thursday), following clearance from the State Bank of Pakistan (SBP).

The listed bank announced the development in a filing to the Pakistan Stock Exchange (PSX) on Wednesday.

“We are pleased to inform you that pursuant to the FPT clearance received from the State Bank of Pakistan, Adil Salahuddin will assume the charge of his office as the new CEO/Director of the bank with effect from 13 August 2026,” read the notice.

It is pertinent to note that an FPT clearance, or a Fit and Proper Test clearance, is a formal regulatory approval certifying that a proposed candidate meets the criteria to assume key executive positions in a bank or financial institution.

Last month, Standard Chartered Bank (Pakistan) Limited appointed Adil Salahuddin as its incoming CEO and director.

Salahuddin brings more than 30 years of banking experience and has been associated with the Standard Chartered Group for 25 years, Standard Chartered informed the bourse in a notice back then.

“During this period, he has held various leadership roles across markets, coverage and transaction banking in different geographies. While his primary focus has been Pakistan, Salahuddin has also worked in the UAE and Saudi Arabia, gaining a deep understanding of the Middle East and African markets,” it added.

Standard Chartered Bank (Pakistan) Limited was incorporated in Pakistan on 19 July 2006 and was approved for the commencement of banking business by the State Bank of Pakistan, with effect from 30 December 2006.

The ultimate holding company of the bank is Standard Chartered Plc., incorporated in England. The bank is engaged in the banking business as defined in the Banking Companies Ordinance, 1962.