The federal government has announced the appointment of Mr. Rehmat Ali Hasnie as the President and CEO of the National Bank of Pakistan (NBP) for a term of three years, according to a notification released by the Finance Division today.
With a rich background in the banking and financial sector, Mr. Hasnie brings a wealth of experience to his new role. He has held various senior leadership positions and has been associated with several renowned organizations in Pakistan.
Mr. Hasnie assumed the role of Acting President of NBP in May 2022, a position he has successfully held for over a year. Prior to this, he served as Senior Executive Vice President & Group Chief for the Inclusive Development Group, as well as Senior Executive Vice President & Group Chief for the Investment Banking Group within the same institution. In these capacities, he played a pivotal role in establishing a novel business group dedicated to advancing financial inclusion and facilitating credit delivery to priority sectors.
His journey with NBP began in 2010 when he joined as Executive Vice President and Group Head of Investment Banking, a role he held for nearly seven years. During this period, he spearheaded investment banking transactions, including debt and equity, project finance mandates, and transaction structuring. Additionally, he managed syndicated transactions, led negotiations of documents, and efficiently managed teams.
Mr. Hasnie’s career in the financial sector commenced in 1995 when he took up the role of Resident Representative at Taurus Securities Limited in Lahore. Here, he excelled in client relationship management and played a pivotal role in expanding the client base for a major corporate brokerage house.
Subsequently, in 1999, he moved to Fidelity Investment Bank, where he demonstrated his leadership skills by establishing the bank’s capital market operations, including the establishment of a brokerage subsidiary.
In 2001, Mr. Hasnie assumed the role of Chief Operating Officer at Lahore Stock Exchange (G) Ltd. Here, he oversaw the exchange’s daily operations, including clearing and settlement functions, risk management, regulatory compliance, and management of listing applications.
Continuing his successful trajectory, in 2003, he joined Escorts Investment Bank as EVP and Head of Capital Markets, along with overseeing the Equity Brokerage Business. His contributions were instrumental in evaluating private equity transactions, syndications, underwritings, IPOs, listings, and valuations.
Further advancing his career, he became EVP and Head of Corporate Finance at IGI Investment Bank Limited in 2004. His expertise in evaluating private equity transactions, syndications, underwritings, IPOs, and valuations significantly bolstered the bank’s achievements.
The appointment of Mr. Rehmat Ali Hasnie as President and CEO of NBP signifies his extensive experience and commitment to the financial sector, and it is anticipated that his leadership will further elevate the institution’s stature and success.