Summit Bank has introduced the appointment of Jawad Majid Khan as its new CEO rather than the Appearing CEO, Ahsan Raza.
In response to the official announcement to the Pakistan Inventory Change (PSX), the Bank’s Board of Administrators has appointed Jawad Majid Khan with rapid impact for the following three years.
His appointment is topic to the approval of the State Bank of Pakistan (SBP) and different regulatory authorities.
The board has additionally permitted the relinquishment of Ahsan Raza because of the Appearing CEO and Government Director of the Bank.
Jawad Majid Khan was at present the Group Head of Emaan Islamic Banking at Silk Bank, and was the Nation Head for Distribution & SME for the Dubai Islamic Bank between 2005 and 2011. He’s a graduate in Economics with a specialization in Growth Economics and Worldwide Financial Coverage from the Quaid-e-Azam College, Islamabad.
For his new task, Khan must function Summit Bank without operational losses and broaden its providers and enterprise throughout the nation.
Protecting in view his wealthy expertise in Islamic banking, the administration of Summit Bank will focus extra on Islamic banking which had as soon as been its precedence space with a plan to transform all its operations from standard to Sharia-based banking.