The Federal government appointed Ahmed, a seasoned banker with more than 26 years of banking experience, to the post for a period of three years. He was serving as the executive director of the Banking Supervision Group and Financial Stability at SBP Ahmed has also served as group head of the Operations, Banking Policy & Regulations department, the Development Finance department, and for Financial Resource Management. The new deputy governor is also a member of SBP's Monetary Policy Committee, a position he held as Executive Director of the Banking Supervision Group, and will continue to hold as deputy governor. In a similar notice, SBP also announced that it had appointed Muhammad Akhtar Javed as head of the Banking Policy and Regulations Department with effect from April 10.