Habib Bank Limited (HBL), Pakistan’s premier financial institution, has announced the resignation of its President & Chief Executive Officer, Muhammad Aurangzeb, effective Monday, 11 March 2024. Aurangzeb will be leaving HBL to take on the role of Federal Minister for Finance for Pakistan.
Muhammad Nassir Salim, the current Chief Operating Officer (COO) of HBL, will assume the responsibilities of President & Chief Executive Officer, pending approval from the State Bank of Pakistan. With 36 years of diverse international and domestic banking experience, Salim has held key positions in renowned organizations such as American Express Bank, Citigroup, and Abu Dhabi Islamic Bank. His tenure at HBL, which began in 2017, has seen him ascend from Head of Global Operations to COO, a testament to his competence and contributions to the bank’s success.
Sultan Ali Allana, Chairman of HBL, conveyed gratitude for Aurangzeb’s dedicated service and expressed confidence in his ability to make significant contributions to Pakistan’s economic and financial development in his new role. Allana also expressed full confidence in Salim’s capability to lead HBL forward and continue the bank’s positive trajectory.
Reflecting on his time at HBL, Aurangzeb expressed gratitude for the trust placed in him and pride in the achievements accomplished during his tenure. He thanked the entire team at HBL for their unwavering support and pledged to carry forward the lessons learned to serve Pakistan in his new capacity.
In his new role as President & Chief Executive Officer of HBL, Salim expressed his commitment to operationalizing the bank’s multi-year strategy, focusing on delivering exceptional products and services to clients both domestically and internationally. He emphasized leveraging technology and fostering innovation to maintain HBL’s position as a trusted financial partner.
Aurangzeb’s six-year tenure at HBL was marked by exceptional business growth, innovation, and a steadfast commitment to serving clients and communities. His leadership has been instrumental in driving the bank’s success and reinforcing its position as a cornerstone of Pakistan’s financial landscape.
