Naeemuddin Khan new BoP president

The Punjab government appointed Naeemuddin Khan as a new president of the Bank of Punjab (BoP) here on Tuesday. According to sources, a notification in this connection has been issued and he has replaced bank''s acting president Sajid Hussein.
The new president possesses over 25 years of experience in both local and international banks. At present he is chief executive officer and managing director of Pak-Libya Holding Company (Pvt) Limited. He also served in the Corporate and Industrial Restructuring Corporation (CRIC) during the Shaukat Aziz''s government.
Also, he has rendered valuable services in the field of remedial banking and revival and rehabilitation of sick industrial units. He started his banking career from Grindlays Bank in 1978. He served as branch manager of Grindlays Bank in Islamabad, Rawalpindi, and Lahore. In 1991, he joined Emirates International Bank as Chief Manager, Lahore and then United Bank Limited as SEVP/Head, Special Assets Management Division in 1998.
In 2001, he was seconded by Prime Minister Shaukat Aziz and the then State Bank of Pakistan Governor Dr Ishrat Hussain to Corporate and Industrial Restructuring Corporation as Member, Banking. He developed functional layout of the Corporation and successfully handled all its operations.
Moreover, he completed his education from Forman Christian College and PACE University, New York, USA. In 2004, he was awarded Muzaffar Memorial Gold Medal by SBP Governor in recognition of meritorious services to the Banking industry in Pakistan.
It may be recalled that soon after the transition of political power in the country, the Punjab government took over the affairs of the bank and sacked its president Hamesh Khan for alleged financial irregularities. And a senior bank officer, Sajjad Hussain, was given the charge to look after the bank''s affairs as an officiating president.
Also, the government took strong notice of the financial irregularities in the bank accounts, especially in its commercial loans. The case was referred to the NAB and the management of the bank handed over its record to the NAB for preliminary investigations.