Askari Bank Limited’s Board of Directors has named Atif Bokhari — a profoundly experienced and famous authority of the financial sector — to lead it to accomplish new objectives. As indicated by the authority notice gave to Pakistan Stock Exchange, Askari Bank has selected Bokhari as the CEO and President, and he will assume responsibility from 1 September 2021 for a time of three years.
Bokhari is a career investor with 32 years of involvement with homegrown and international banking. He had filled in as the President and CEO of United Bank Limited for over 10 years, and during his residency, the bank had nonstop extensions and economic monetary execution.
He had driven the NIB Bank as its top investor from 2015 to 2017 and had assumed a significant part in its blend and converging with MCB Bank. From that point onward, he, alongside two huge business groups in Pakistan, had shaped the primary private sector lodging finance organization.
Bokhari has likewise functioned as the Director of the State Bank of Pakistan Board and a Member of the Monetary Policy Committee. In his last task, he turned out momentarily for the government as the State Minister and the Chairman of the Board of Investment for a year and four months. Nonetheless, he didn’t proceed with these duties and rejoined the financial sector.
Bokhari’s arrangement as the CEO and President of Askari Bank Limited is dependent upon the proper endorsement of the controller. In the meantime, the load up has allocated the transitory charge of the CEO and President to Khurshid Zafar, who is additionally the COO of the bank. Zafar will assume control over his task from the progress time frame until the new president participates in September.
Abid Sattar to Leave Askari Bank Limited
The active CEO and President of Askari Bank, Abid Sattar, will finish his effective residency on 8 August, packed with exceptional achievements and significant experience. The Board of Directors didn’t hold him as the President and CEO of the bank for the following residency in spite of his critical administrations yet liked his part in driving the bank. Sattar’s age could be a factor for the end of his administrations — a reality that couldn’t be precluded according to the guidelines and guidelines of the financial sector.
Sattar’s career in the financial sector traverses 38 years. He was named as the top broker at Askari Bank in 2018 and had driven it to become productive and reformist, which had put it among the main 10 most beneficial banks of the country. From 2018 to 2020, the bank’s benefit had flooded from Rs. 4.4 billion to a degree of Rs. 10.8 billion. During Sattar’s term, Askari Bank had extended its administrations in various measurements, including Islamic banking under the brand name ‘Ikhlaas’.