BankIslami Pakistan Limited Announces Leadership Transition.

Karachi -- BankIslami Pakistan Limited has officially disclosed a leadership transition plan following the decision of Syed Amir Ali, President & Chief Executive Officer, not to seek reappointment upon the completion of his current term of employment on September 28, 2023.

In accordance with this development, the Board of Directors convened a meeting on July 25, 2023, and appointed Mr. Rizwan Ata as Deputy CEO of the bank, effective from July 25, 2023. Following the conclusion of the present CEO's term, as per the Board's decision, Mr. Rizwan Ata will assume the role of President & CEO of BankIslami Pakistan Limited, effective from September 29, 2023, for a three-year tenure. It's important to note that Mr. Rizwan Ata's appointment is subject to the Financial Propriety Test (FPT) clearance of...