The Chairman and Board members of Faysal Bank Limited (FBL) has announced the appointment of Yousaf Hussain as Acting Chief Executive of the Bank with immediate effect. In a statement issued on Tuesday, Farooq Rahmatullah Khan, Chairman of the Board of Directors, FBL stated that the board has also inducted three independent directors namely Fuad Azim Hashmi, Mian Mohammad Younus and Ali Munir.
The newly constituted Board now comprises of one-third independent directors with a rich blend of diverse local and international management and financial expertise. "We are confident that Faysal Bank will embark on the next phase of its ambitious journey under the guidance of these esteemed members of the Board", he added. Farooq Rahmatullah also felicitated Yousaf Hussain on assuming the office as the Acting Chief Executive of the Bank and said that the Board has appointed Yousaf Hussain as the Acting Chief Executive and reposes full confidence in him to lead the organisation and meet the envisaged growth objectives under the strategic vision of the new Board.
Yousaf Hussain is an experienced professional banker with over 22 years of multifaceted local and international experience with leading institutions including ABN AMRO in last 8 years at FBL, he added. He said the efforts of FBL's management together with strategic guidance from the well experienced Board of Directors have translated into a remarkable improvement in the Bank's performance, especially over the last three years.-PR
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