[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]United Bank Limited (UBLBoard )’s of Directors appointed Muhammad Jawaid Iqbal as President and CEO for a three-year term.
The appointment follows the completion of Shazad G. Dada’s three-year term, after which he will step down “for personal reasons,” the bank announced in a filing to the Pakistan Stock Exchange (PSX) on Monday.
“The Board of Directors recognised Shazad G. Dada for his invaluable contributions in leading the bank to exceptional growth and financial results… He has been a driving force behind many of the initiatives and projects that have brought the Bank to its current position,” according to the statement.
Iqbal will join UBL once regulatory requirements are met, according to the bank.
According to UBL, Iqbal has been a member of the UBL Board of Directors since December 14, 2022. The bank stated, “He is the chairman of the Board Risk & Compliance Committee (BRCC) and a member of the Board Human Resource & Compensation Committee (HRCC).”
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Iqbal is the founder of Providus Capital (Private) Limited, a 2017 investment firm that primarily invests in Pakistan’s public equity markets.
He has over two decades of banking experience and has held senior management positions with Emirates Bank International PJSC Pakistan, National Bank of Pakistan, and Allied Bank Limited.
He earned his Master of Business Administration from Pakistan’s Bahauddin Zakariya University and his Chartered Financial Analyst (CFA) from the CFA Institute in the United States. He has also completed an Advanced Management Program at Harvard Business School in the United States.
Meanwhile, UBL’s board of directors has appointed Zia Ijaz as the bank’s Deputy Chief Executive Officer, effective immediately.
Ijaz has been with UBL since 2014, where he has successfully managed branch banking and international business.
“He was instrumental in establishing scale and growth in commercial and retail banking, home remittances, and SME and rural banking.” “Under his leadership, a number of innovative products and services were launched, assisting the bank in delivering exceptional results,” the bank stated.[/vc_column_text][/vc_column][/vc_row]
