Adil Matcheswala has been named JS Bank’s new Chairman. He will succeed Kalim-ur-Rahman, who has served as Chairman of the bank since 2019 and has been a director and CEO for almost a decade.
According to the stock filing, the new chairman of JS Bank’s board of directors is subject to the State Bank of Pakistan’s fit and adequate test clearance (SBP).
Matcheswala has served as a non-executive director on the board since 2012. He is the CEO and founder of Speed (Private) Limited, a retail and distribution company that partners with global brands such as Nike, Adidas, Under Armour, Tag Heuer, Charles & Keith, Pedro, and Timex.
He began his professional career in the financial services industry in 1992 as the head of Jahangir Siddiqui & Co. Ltd’s equity sales division (formerly Bear Stearns Jahangir Siddiqui Limited). Previously, he served as Chairman of the Board of Directors and Chairman of the Audit Committee of JS Global Capital Ltd., as well as a Director of JS Value Fund. He is also a member of the JS Bank’s Audit Committee and the Human Resources, Remuneration, and Nomination Committee. He earned an A.B. in Economics from Brown University.