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Business & Finance UBL (United Bank Limited) 188.28 Increased By ▲ 0.09%

Jawaid Iqbal appointed UBL President, CEO

  • Replaces Shazad G. Dada who stepped down for 'personal reasons' upon completion of three-year term
Published April 3, 2023

The Board of Directors of United Bank Limited (UBL) appointed Muhammad Jawaid Iqbal as President and CEO for a term of three years.

The appointment comes upon the completion of a three-year term by Shazad G. Dada, who will be stepping down “for personal reasons”, the bank said in its filing to the Pakistan Stock Exchange (PSX) on Monday.

“The Board of Directors appreciated Shazad G. Dada for his invaluable contributions, leading the bank towards achieving excellent growth and financial results… He has been a driving force behind many of the initiatives and projects that have brought the Bank to where it is today,” read the statement.

The bank said Iqbal will be joining UBL upon completion of regulatory requirements.

As per information provided by UBL, Iqbal has been a member of the Board of Directors of UBL since December 14, 2022. “He is the chairman of Board Risk & Compliance Committee (BRCC) and a member of Board Human Resource & Compensation Committee (HRCC),” said the bank.

Iqbal is the founder of Providus Capital (Private) Limited — an investment firm established in 2017, which primarily invests into public equity markets of Pakistan.

He has over two decades of banking experience and has worked with Emirates Bank International PJSC Pakistan, National Bank of Pakistan and Allied Bank Limited at senior managerial positions.

UBL delivers resilient performance in 2022

He did his Master in Business Administration from Bahauddin Zakariya University, Pakistan and his Chartered Financial Analyst (CFA) from the CFA Institute in the US. He has also completed an Advanced Management Program from Harvard Business School, US.

Meanwhile, UBL’s board has appointed Zia Ijaz as Deputy Chief Executive Officer of the bank with immediate effect.

Ijaz has been associated with UBL since 2014 and successfully managed branch banking and international business.

“He played a key role in building scale and growth in commercial and retail banking; home remittance business, and SME and rural banking. A number of innovative products and services were launched under his lead that helped the bank in delivering exceptional results,” the bank said.

Dada was appointed president and CEO of UBL in May 2020, taking over the position from Sima Kamil who is currently serving as a deputy governor at the State Bank of Pakistan (SBP).


Comments are closed.

Ali murad Apr 03, 2023 08:01pm
Allah pak k waste ubl ka network set kro buht kharab he ubl ka setup
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Tulukan Mairandi Apr 03, 2023 08:30pm
One of the better Pakistan banks
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XeeShan Apr 03, 2023 10:21pm
Therw must be a culture change in UBL with regards to staff behaviors, service centricity and Digital innovation. UBL holds a big market ahare in terms of Customer foot prints but misaing link os customer connect and Right selling. Anyhow, All the Best Mr J Iqbal.
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Usman ali Apr 04, 2023 01:20am
Place Bank account
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Najma Apr 04, 2023 03:28am
Pls Appoint the honest manager, not the manager who robbers the money from pate cash, and pls pay attention to the complaint of staff don't excuse the complainants.i am former staff of ubl I retired in 2016, ubl was in a mess.
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Ahmed bakhsh Apr 04, 2023 12:19pm
Kindly request need to job
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Sajid Ali Apr 04, 2023 12:20pm
Assalamu Alaikum Mardan
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muhammad mujeeb Apr 04, 2023 01:20pm
Good, but please repair the ATM of karm pur branch number 0705 thanks so much
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muhammad mujeeb Apr 04, 2023 01:24pm
please repair the ATM of karm pur branch number 0705 please thanks
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muhammad mujeeb Apr 04, 2023 01:25pm
please repair the ATM of karm pur branch number 0705 thanks
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muhammad mujeeb Apr 04, 2023 01:26pm
please repair the ATM of karm pur branch number 0705
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Abid Hussain ASM Petromin Pakistan Apr 04, 2023 09:46pm
Best of luck for your future endeavors.
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Habib urehman Apr 05, 2023 04:33am
Congratulation sir
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Habib urehman Apr 05, 2023 04:34am
Plzz yi ubl ka setting sai krwalo 1 ya 2 ganta wait krna prta hai chai bill paisy neklna ho ya bill jama krwana hai kpk mai to bhot bora hall hai
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Zafar Iqbal Ansari Apr 05, 2023 10:48am
My UBL Digital app Some Feature have not working todate I Call Ubl Head Office but not Helping
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Amanat ali Jun 14, 2023 10:24pm
Sir please inquiry ubl Sab branch chichawatni manager mashhud Misbehave abused
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