Shazad G Dada appointed as UBL President, CEO

• On Wednesday, Standard Chartered Bank (SCBPL) has informed that Shazad Dada has decided to step down from the post of CEO of Standard Chartered Bank.

The outgoing Chief Executive Officer (CEO) of Standard Chartered Bank, Shazad G Dada has been appointed as President and CEO of United Bank Limited.

“We have to inform you that the Board of Directors of United Bank Limited in its meeting held on 06 May 2020 through Video Conference Call, has decided to appoint Mr. Shazad G. Dada as President & CEO of UBL with effect from 01 July 2020 for a term of 03 years’ subject to approval of State Bank of Pakistan and compliance with all applicable laws, rules and regulations in this regard,” read a statement by UBL filed at the Pakistan Stock Exchange (PSX).

On Wednesday, Standard Chartered Bank (SCBPL) has informed that Shazad Dada has decided to step down from the post of CEO of Standard Chartered Bank. Dada has resigned to “pursue opportunities outside the Standard Chartered Group," the statement read.

In his career Shazad G. Dada occupied the position of Chairman at Pakistan Mercantile Exchange Ltd., MD, Chief Country Officer & Head-Global Banking at Deutsche Bank AG (Islamabad Branch), Chief Executive Officer & Managing Director at Barclays Bank Pakistan, Managing Director-Mergers & Acquisitions at Deutsche Bank Securities, Inc., Chairman at Pakistan Banks' Association, Vice President & Council Member at The Institute of Bankers Pakistan and Director-Governors Board at The British Overseas School.

The Board of Directors of UBL acknowledged the contribution of the outgoing President & CEO Sima Kamil, who stated that under her leadership the Bank has achieved significant milestones. The Board has further decided that Sima Kamil who is completing her 3 years term on 31 May 2020 will continue to perform as President & CEO till 30 June 2020.