ABN Amro is pleased to announce the appointment of Shehzad Naqvi as Country Executive in Pakistan, to further develop the bank's business and oversee day to day operations in the country, says a press release.
The appointment is effective immediately and reports to Muhammad Aurangzeb, Executive Vice President and ABN Amro's Global Head of Commercial Client Segment.
Commenting on the new appointment, Michiel de Jong, ABN Amro's Managing Board Member and CEO in Europe and Asia said: "Shehzad brings with him 27 years of consumer, corporate and investment banking experience, both internationally and in Pakistan.
As we look forward to the exciting opportunities ahead under the Royal Bank of Scotland [RBS] banner, I am convinced Shehzad is the right person to deliver the combined expertise of both banks for the benefit of our customers here."
Aurangzeb said: "We currently have an excellent business mix in Pakistan including corporate and institutional, business banking, wealth management and private banking.
As Pakistan's economy continues to grow it will remain an important market for the bank and with the combined strength of RBS and ABN Amro product offerings in retail, wealth, corporate and investment banking we are well positioned to further accelerate our growth here." As Country Executive, Naqvi will also be responsible for re-branding ABN Amro's Pakistan operations to RBS. He will also head up the combined bank's Global Banking and Markets (GBM) operations in the country, the release said.
Naqvi first joined ABN Amro in 1993 as Country Head in Pakistan and was then appointed Head of Asia-Pacific Management and Structured Finance, based in Hong Kong and Singapore. In 1996 he joined Citibank as Country Head in Singapore, responsible for the bank's corporate, investment and consumer banking franchise.
Moving back to Pakistan as Country Head in 1998, he was subsequently appointed as Regional Head of Citibank's global corporate and investment banking operations in the Gulf and Pakistan, based in Dubai. In 2003 he moved to London to develop outsourcing centres for Citibank's European consumer and commercial banking back-office needs. Most latterly he was President and Chief Executive of Crescent Commercial Bank in Pakistan.
Naqvi succeeds Naved Khan who has resigned from ABN Amro to pursue a career outside the bank. While the appointment is with immediate effect, it is subject to regulatory approvals. ABN Amro was declared 'The Best Foreign Bank in Pakistan' by Finance Asia, a leading Asian financial publication, in its annual Country Awards for Achievement 2007.-PR
Comments
Comments are closed.