The Board of Directors of Standard Chartered Bank (Pakistan) Ltd (Standard Chartered Pakistan) today announced the appointment of Shazad G Dada as Chief Executive Officer (CEO) and Board Member Shazad will join the bank subject to regulatory approvals by October 2014.
He joins from Barclays Bank Pakistan PLC, where he has been Managing Director and CEO for more than three years.
Shazad brings more than 20 years of experience in banking sector and has held several senior positions at international banks in New York and Pakistan. Before working at Barclays, he spent more than 15 years at Deutsche Bank in New York where he specialized in Mergers and Acquisitions. He then moved to Pakistan as Chief Executive of Deutsche Bank in Pakistan. He joined Barclays Bank Pakistan as Chief Executive in 2010.
Commenting on the appointment, Christos Papadopoulos, Chairman of the Board of Directors, Standard Chartered Bank (Pakistan) Ltd, said: "I am glad to welcome Shazad to our management team in Pakistan and I am confident that his leadership capabilities, international expertise and strong on-the-ground knowledge of the Pakistani market will bring additional strength to our management team as we continue building on our success. Our deep heritage and track record in Pakistan is testament to our continuous commitment to this market and we continue to invest in our business capabilities, human resources and platforms to provide our clients with superior banking experience."
Standard Chartered began its operations in Pakistan in 1863 and is the largest and oldest international bank in the country. The bank is a key player in contributing towards the economic growth and development of the sixth most populous country in the world. The franchise in Pakistan comprises 116 branches in 22 cities and over 191 ATMs and 18 CDMs.