Zafar Masud, the incumbent President & CEO of The Bank of Punjab, has been democratically elected as the Chairman of the Pakistan Banks’ Association (PBA).
This significant development follows the recent appointment of the former PBA Chairman, Muhammad Aurangzeb, as the Federal Minister of Finance and Revenue for Pakistan.
In a recent meeting of the PBA Executive Committee, Masud, who previously held the position of Senior Vice Chairman within the association, received unanimous support for his elevation to the role of Chairman. Simultaneously, Yousaf Hussain, President & CEO of Faysal Bank, was appointed as the Senior Vice Chairman of PBA.
Ahmed Khan Bozai, serving as the Managing Director & Citi Country Officer for Citibank N.A. in Pakistan, was also elected as the Vice Chairman.
The association expressed its utmost confidence in the new leadership, highlighting their commitment to advocating for the banking sector’s interests. Emphasizing the importance of collaboration with key stakeholders, particularly the State Bank of Pakistan, the PBA reiterated its dedication to fostering a conducive environment for the banking industry.
Recognition was extended to Muhammad Aurangzeb for his commendable contributions during his tenure as Chairman.
With Masud at the helm and under the stewardship of the Executive Committee, the PBA anticipates significant progress and achievements in the coming term.
Zafar Masud brings a wealth of experience and expertise to his new role, with a strong background in Development Finance spanning over 27 years. He has held prominent positions in multinational banks both domestically and internationally, underscoring his capability to steer the PBA towards greater heights.