KARACHI: President and Chief Executive Officer (CEO) of Habib Bank Limited (HBL), Muhammad Aurangzeb, has been elected as chairman of Pakistan Banks Association (PBA).
The annual election of the association was held in Karachi recently. Aurangzeb was elected to the top office of the PBA in the election.
Aurangzeb has replaced is replacing the outgoing chairman, Aftab Manzoor, President and CEO Soneri Bank
Aurangzeb has rich experience of banking industry spanning nearly three decades. The newly-elected chairman of PBA returned to Pakistan last year after working in different renowned institutions in various markets outside of Pakistan.
The former employee of JP Morgan joined HBL when the bank was going through a tough time after the heavy penalty imposed by US authorities.
He led the bank in the challenging times and successfully bring back it to its leading position.
The Pakistan Banks’ Association (PBA) represents the financial institutions regulated by the State Bank of Pakistan and its main objective is to coordinate the efforts of the banking industry and to share a common vision of progress and development with its members.
The association has a vital role in policymaking for the banking industry especially for launching various schemes for specialized segments of society.