Former CEO of Faysal Bank, Nouman Ansari, has been appointed as the CEO of Bank Alfalah, replacing Mr. Atif Bajwa, who stepped down from this position for personal reasons, sources confirmed.
Official sources have also confirmed that the Board of Directors of Bank Alfalah have accepted the resignation of Mr. Atif Bajwa, who remained the CEO of the bank for five years.
For those who don’t know much about Mr. Atif Bajwa, he joined Bank Alfalah back in 2011 after working as the CEO of MCB and Soneri Bank. During his tenure, Bank Alfalah expanded significantly throughout the country and received consistent high ratings.
On the other hand, the newly appointed CEO, Mr. Nauman, had been in the banking industry over the past twenty-four years and worked in many reputable financial institutions, such as Standard Chartered Bank (SCB), Bank of America (BoA), ABN Amro, Fortis Bank, and Samba Bank. He also joined Faysal Bank as a Group Head and Investment Banking back in 2008, and was later promoted to President and CEO in 2014.
His Highness Sheikh Nahayan Mabarak Al Nahayan, Chairman of the Board of Bank Alfalah, said, “I would like to express my appreciation to Atif for his valuable contribution to the Bank, and I am happy to announce the appointment of Mr. Nauman Ansari as the new President & CEO of Bank Alfalah. He will provide strong and effective leadership to meet the Bank’s strategic objectives and build the franchise further. We wish him success in his new role.”
His Highness further added that “we are confident that the banking sector of Pakistan will continue to show resilience whilst making positive contributions towards Pakistan’s economy and Bank Alfalah will remain the most reliable and digitally advanced bank of choice for its customers”
The chairman of the board also expressed his sentiments on the appointment of Nauman Ansari and believed that the now CEO of Alfalah Bank would provide strong and effective leadership to meet the bank’s vision and strategic objectives. The chairman also expressed his confidence in the positive performance of the Pakistani Banking Industry.