Change at the helm: Ansari appointed CEO of Bank Alfalah

Bajwa resigns after being at the helm for five years

LAHORE: The board of directors of Bank Alfalah Limited has announced that Atif Bajwa has resigned from the office of president and CEO of the bank and Nauman Ansari, formerly CEO of Faysal Bank, has been appointed as his successor.

Bajwa, who remained the president and CEO for over five years, is stepping down for personal reasons, said an internal communication.

In a press release, Bank Alfalah said during Bajwa’s tenure the bank transformed and expanded its network and operations, and received consistent upward ratings.

The bank also made significant improvements in its balance sheet and performance ratios. It saw growth in market value and profitability and is seen as financially healthy and stable.

Ansari, who will succeed Bajwa subject to legal and regulatory approvals, has served various banks during his 24-year professional career which included leading institutions like Standard Chartered Bank, Bank of America, ABN Amro, Fortis Bank and Samba Bank. He is a business graduate from Miami University, USA.

“He (Ansari) will provide strong and effective leadership to meet the bank’s strategic objectives and build the franchise further,” said Board Chairman Sheikh Nahayan Mabarak Al Nahayan.

“We are confident that the banking sector of Pakistan will continue to show resilience while making positive contributions towards Pakistan’s economy and Bank Alfalah will remain the most reliable and digitally advanced bank of choice for its customers.”

Published in The Express Tribune, June 22^nd, 2017.

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