Trade Chronicle May - June 2020

Banking & Insurance
Shazad Dada appointed
UBL CEO
I n a l a t e s t
c o r p o r a t e
development,
a seasoned
banker and
capital market
professional,
Shazad Dada
h a s b e e n
appointed as
the President
a n d C h i e f
Executive Officer (CEO) of United
Bank Limited (UBL) with effect from
July 1, 2020 for a period of three
years. He is currently the CEO of
Standard Chartered Bank (Pakistan)
Limited, a position he assumed in
October 2014.
Dada has around 30 years of diverse
experience with renowned financial
institutions in the United States and in
Pakistan. He has been at the helm of
several landmark deals executed on
behalf of Government of Pakistan,
including Ministry of Finance, and
large corporate clients.
An honours graduate from University
of Pennsylvania with Bachelors of
Science and Bachelors of Arts
degrees, Dada did his MBA from the
Wharton Business School.
In October 2014, Dada moved to
Standard Chartered Bank (SCB) as its
CEO which has grown substantially
since then. In 2019, the SCB attained
3rd position in terms of profitability
within the country's banking sector,
posting record profits for the franchise
since incorporation.
During his tenure at the SCB, the bank
increased its total assets, net loans
and deposits by over 50 percent while
undertaking branch optimisation and
growing the bank's digital presence.
NBP announces financial
results for 9MFY20
A meeting of the Board of Directors of
National Bank of Pakistan
was held recently to approve
the financial statements of
the bank for the three-month
period ended on March 31,
2020.
Total income of the Bank
amounted to PKR 24.87
billion which is 4.8% higher
than PKR 23.73 billion
earned during the corresponding threemonth
period last year. For this period, net
interest income closed at PKR 16.57
billion, whereas the non-mark-up /
interest income closed at PKR 8.30
billion, up by 7.2% and 0.4% respectively.
The Bank's profit before provisions and
write-off amounted to PKR 11.06 billion,
being 0.7% higher than PKR 10.98 billion
for the similar period last year. The aftertax
profit for the period under review
Ali Habib appointed HBL’s
Chief Marketing &
Communications Officer
HBL is pleased to announce the
appointment of Mr. Ali Habib as the Chief
Marketing & Communications Officer. Ali
is currently leading the Bank’s Corporate
Affairs function. He will now also lead the
Bank’s marketing efforts, in addition to
his current portfolio. Ali’s appointment,
effective immediately, reflects the Bank’s
strategy of developing and promoting
talent from within.
C o m m e n t i n g o n A l i H a b i b ’s
appointment, Sagheer Mufti, Chief
Operating Officer-HBL said, “We are
delighted that Ali is taking on this critical
closed at PKR 4.12 billion, lower by 1.5%
as against PKR 4.18 billion earned during
the corresponding period of 2019. Drop in
after-tax profit is attributed to higher
provision charge and some increase in
operating expenses.
Going forward, the Bank's business will
focus around innovatively addressing
development finance needs through
reaching and supporting underserved
sectors including SME, Microfinance,
Agriculture Finance and finance for Micro-
Housing on a priority basis. Given the
slow growth of brick and mortar relative to
digital channels, they are realigning their
selves with emerging e-banking realities
with accelerated attention to Digital
Banking solutions.
role for HBL. Ali knows the HBL brand
well, given he is already part of the team.
He brings a rich experience of having
worked in similar roles not only in other
leading banks but also outside the
financial industry. His skills in managing
multi-disciplinary teams and knowledge
of the financial industry is a bonus. We
are confident that under his leadership,
HBL will continue to evolve its brand.”
Ali joined HBL in November 2018 as
Chief Corporate Communications
Officer. Since his joining, he has played
an integral role in building HBL’s profile
externally and developing and enhancing
various communication channels across
the Bank. Ali’s career span’s is 30 years,
in both local and international markets.
During his career, he has been
associated with numerous blue-chip
organizations like Procter & Gamble
(P&G), Reckitt Benckiser, Standard
Chartered, NIB and UBL.
Ali is an alumnus of IBA, Karachi and
Aitchison College, Lahore.
TRADE CHRONICLE - May.~ June. 2020 - Page # 25