KARACHI: The Board of Directors of BankIslami Pakistan Limited has appointed Rizwan Ata, as President and CEO effective from September 29, 2023, for a period of three years right after the completion of the term of the present CEO, the company’s filing on PSX unveiled on Wednesday.

Syed Amir Ali, the present President and CEO of the Bank, does not intend to seek reappointment of his current term of employment on September 28, 2023.

The board has also appointed Rizwan Ata as Deputy CEO of the Bank effective from July 25, 2023. After completion of the term of the present CEO, as per decision of the Board, Rizwan Ata will take charge as President and CEO of the Bank effective from September 29, 2023 for a period of three years.

The appointment of Rizwan Ata is subject to FPT clearance of the State Bank of Pakistan (SBP).

Rizwan Ata is a seasoned banker having over two decades of Islamic banking experience. At present, he is serving BankIslami Pakistan Limited as Group Head, Distribution.

Copyright Business Recorder, 2023