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KARACHI: Pakistan Banks’ Association (PBA) has appointed Muneer Kamal as the new CEO & Secretary General of the Association.

PBA announces the retirement, with effect from, March 31, 2024, of its longstanding CEO & Secretary General, Tawfiq A Hussain. After more than a decade of meritorious service to the Association, Tawfiq Hussain leaves behind a legacy marked by notable achievements and substantial growth of the organisation.

According to an announcement made by PBA, following Tawfiq Hussain’s retirement, the PBA Executive Committee unanimously selected Muneer Kamal to be his successor and assume the role of the new CEO & Secretary General, effective April 1, 2024.

Possessing over four decades of extensive banking experience, Muneer Kamal brings a wealth of expertise and insight to the role. His career in banking and financial services started with Citibank Pakistan and since then Muneer has assumed both local and international positions in various financial entities, including as President and CEO of Faysal Bank and Union Bank. Muneer Kamal holds an MBA degree from the Institute of Business Administration, Karachi.

Muneer’s diverse Corporate Governance experience includes having served as Chairman - Pakistan Stock Exchange, Chairman - National Bank of Pakistan, Director - Engro Corp, and Director - DH Corp. He is a member of the Board of Directors at Infra Zamin Pakistan, GSK Pakistan, Jubilee Life Insurance, National Clearing Company of Pakistan (NCCPL) and also serves as a member of the Board of Governors of the National University of Medical Sciences.

Zafar Masud, Chairman PBA on behalf of the PBA Executive Committee has welcomed Muneer Kamal as the new CEO & Secretary General of the Association. Muneer’s demonstrated leadership and deep understanding of the banking landscape over the years position him to lead the organization forward, advancing PBA’s mission of promoting banking excellence he added. The Executive Committee also extended its profound gratitude to Tawfiq Hussain for his years of meritorious service and wishes him success in his future endeavours.

Copyright Business Recorder, 2024

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