Zia Ijaz Appointed as President & CEO of Askari Bank Limited

Zia Ijaz Appointed as President & CEO of Askari Bank Limited

Karachi, January 24, 2025 – The Board of Directors of Askari Bank Limited (PSX: AKBL) has announced the appointment of Zia Ijaz as the President and Chief Executive Officer of the bank for a three-year term. This decision is subject to the clearance of his Fit and Proper Test (FPT) by the State Bank of Pakistan (SBP) and compliance with all applicable laws, rules, and regulations.

The announcement was made in a stock filing issued today at the Pakistan Stock Exchange (PSX).

The Board expressed its appreciation for the services of Saleem Anwar, who has been serving as the Acting President & CEO of Askari Bank. Saleem Anwar will continue in this role until Zia Ijaz assumes office, the filing added.

Zia Ijaz brings over three decades of diverse banking experience to the position. He has previously served as Deputy CEO of UBL and headed the Branch Banking and International Business Groups at the bank. His career also includes leadership roles at Allied Bank (ABL), where he served as CFO, Group Chief of Commercial & Retail Banking, and Group Chief of Operations.

Additionally, Mr. Ijaz has held key positions as Financial Controller at Riyadh Bank in Saudi Arabia and CFO at Askari Bank. Before entering the banking industry, he was associated with Ford Rhodes Sidat Hyder & Co., a member firm of Ernst & Young.

A Chartered Accountant and a Fellow member of the Institute of Chartered Accountants of Pakistan, Mr. Ijaz is also a Certified Public Accountant (CPA) from AICPA, USA.

The banking industry eagerly awaits the leadership and strategic direction that Zia Ijaz will bring to Askari Bank in his new role.

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