Allied Bank Limited

Update Date: 20-Sep-2013

Allied Bank Limited (formerly Australasia Bank Limited) has witnessed and experienced political, economic, financial and technological changes that have taken place in the South Asian Region since its incorporation in 1942 at Lahore, to become the first Muslim bank established in the territory that became Pakistan.

The Bank in its around seven decades history had to face crisis situations, such as, loss of 50% of its branches in Indian soil at the time of independence in 1947, and loss of half of its assets and network in 1971 due to secession of East Pakistan. The Bank not only managed to survive the crisis but also successfully regained its financial strength.

In 1974 the Government of Pakistan nationalized all domestic financial institutions. As a result three small and financially weak banks were merged into Australasia Bank Limited and it was renamed as Allied Bank of Pakistan Limited. During the nationalized period the Bank expanded its branches network. The Bank remained in the Public Sector for 17 years and was handed over to employees under an equity transfer scheme in September 1991.

In August 2004, after a capital reconstruction the Bank’s ownership was transferred to a consortium of Ibrahim Group and subsequently the name of the bank was changed to Allied Bank Limited.

Based upon 70 years of experience the Bank is now stands on a solid foundation, strong equity, assets and deposits bases offering universal banking services with increased focus on retail banking. The Bank has one of the largest networks of ATMs in the country and all branches of the Bank are on-line offering various technology based products and services to its diversified clientele through its network of over 900 branches (as of September, 2013).

Chief Executive:  

Update Date: 8-Aug-2017

Not Available

Mr. Tahir Hassan Qureshi
President & CEO
Allied Bank Limited

Mr. Tahir Hassan Qureshi's profile will be published soon.

Key Management:

Sheikh Jalees Ahmed

Update Date: 11-Apr-2014

Executive Director, Strategic Planning

Sheikh Jalees Ahmed joined Allied Bank’s Board in 2004 and has more than 36 years of diverse experience in the fields of Financial and Industrial management. He has completed Board Development Series Certificate Program from Pakistan Institute of Corporate Governance and is a “Certified Director”. Allied Bank benefits from his professional expertise particularly in the areas of strategic and financial planning, systems and controls and HR management.

Khawaja Mohammad Almas

Update Date: 11-Apr-2014

Chief Commercial and Retail Banking

Khawaja Mohammad Almas commenced his professional career with Allied Bank in 1983 and has 29 years of banking experience to his credit in key slots in Business as well as Supporting Groups. He completed MBA from IBA, Punjab University in 1982 and professional qualification (DAIBP) in the year 1986. He has participated in numerous domestic and International conferences and represented Allied Bank as trainer on different forums within Pakistan and internationally. He’s currently serving the bank as Group Chief of the Commercial & Retail Banking Group, ABL.

Muhammad Jawaid Iqbal

Update Date: 11-Apr-2014

Chief Corporate and Investment Banking

Mr. Muhammad Jawaid Iqbal is a Chartered Financial Analyst and holds a Masters in Business Administration degree with extensive experience in the field of Corporate & Investment Banking. Allied Bank is one of the leading corporate and investment banks in the country. The Corporate & Investment Banking Group has been the recipient of numerous awards conferred by locally and internationally recognized institutions.

Fareed Vardag

Update Date: 11-Apr-2014

Chief Compliance

Mr. Fareed Vardag is a seasoned banker having more than 26 years of extensive experience in the areas of trade finance, corporate banking and risk management with distinguished international and domestic banking institutions. He joined Allied Bank in March 2005 as Chief Risk Officer and successfully revamped the critical function of Risk Management in line with modern best practices. As part of Allied Bank’s human capital development strategy, Group Chiefs are rotated on an on-going basis across various groups to broaden their exposure and in August 2011 Mr. Vardag was therefore transferred as Group Chief of Audit & Risk Review. This change augmented the Bank’s audit function inducing a new perspective and vigor. Mr Vardag is currently serving the Bank as Chief, Complaince Group.

Mujahid Ali

Update Date: 11-Apr-2014

Chief Information Technology

Mr. Mujahid Ali joined Allied Bank in 2008 as Group Chief Information Technology and possesses over 20 years experience in the area of IT Planning & Development, Project Management & Systems Implementation. Prior to joining Allied Bank, Mr. Ali was heading the IT Department at Ibrahim Group. He has to his credit the successful implementation of various IT projects during his extensive career. Currently he has been mandated with the task of implementing T-24 at Allied Bank, the state of the art core banking application and host of other IT initiatives aimed at enhancing customers’ experience and bank’s operational efficiency.

Muhammad Shahzad Sadiq

Update Date: 11-Apr-2014

Chief Risk Management

Muhammad Shahzad Sadiq is a fellow member of the Institute of Chartered Accountants of Pakistan. He possesses vast & diversified experience of having worked for more than 20 years in multinational and local banks as well as in leading industrial organizations of Pakistan. While working with various institutions he held the key positions like Chief Financial Officer, Head of Planning & Corporate Affairs, Head of Credit & Marketing besides representing his institution on the Board of Directors of various companies as nominee director.

Tahir Hassan Qureshi

Update Date: 11-Apr-2014

Chief Financial Officer

Mr. Tahir Hassan Qureshi is a fellow member of the Institute of Chartered Accountants of Pakistan. He has diversified experience of more than 21 years including over 17 years of experience in the banking industry where he has held senior management positions in Finance, Taxation and Corporate Affairs in HBL, MCB and BOP. He is also a member of the Institute of Chartered Accountants of Pakistan on Banking Committee and Pakistan Banking Association’s subcommittee on Accounting and Taxation. He took up the assignment of the Chief Financial Officer at Allied Bank in October 2008.

Abdul Hafeez Butt

Update Date: 11-Apr-2014

Chief Islamic Banking

Mr. Abdul Hafeez Butt has been instrumental in helping teams successfully achieve objectives in the field of Risk Management and Banking Operations. Under his leadership, projects such as centralization of Trade Factory and Business Process Re-engineering have been successfully completed. He has over 40 years of experience in both local and foreign banks with a record of meeting and achieving targets. He has been directly involved in improving ABL’s branch Banking Operations and Risk Management Function. He holds a Masters degree in Business Administration. Considering his multi-faceted experience in banking, he has been assigned the responsibility to head Compliance Group in August 2011. Mr. Butt is currently serving the Bank as Chief, Islamic Banking.

Saif Ul Islam

Update Date: 11-Apr-2014

Chief Banking Services

Mr. Saif Ul Islam is a seasoned banker having more than 35 years of diversified experience in the banking industry. He is an Associate of Institute of Bankers, Pakistan and holder of distinction in “Banking Law & Practice”. He joined Allied Bank in 2006 as Group Head- CRBG North and served in the same position at Central-1. He has attended numerous courses/seminars in Pakistan and abroad on different issues confronting Banking and Finance.

Afzal Haider Bokhari

Update Date: 11-Apr-2014

Chief Special Assets Management

Mr. Afzal Haider Bokhari, a veteran banker, has to his credit over 40 years of banking experience in diversified field of banking. Basically he is a retail banker who started his banking career with United Bank Limited in 1972 and served in various capacities for 27 years, holding senior portfolio management positions. He also served UBL in UAE. Prior to joining Allied Bank as Group Head, Commercial & Retail Banking, he served Askari Commercial & Faysal Bank. Currently he holds the position of Chief, General Services at ABL.

Mr. Bokhari did his Bachelor (Hons) and Master in Commerce from Hailey College of Commerce, University of the Punjab. He also holds DAIBP from Institute of Banker Pakistan. Apart he has attended quite a good number of seminars, courses & workshops at National & International level.

Shafique Ahmed Uqaili

Update Date: 11-Apr-2014

Chief Human Resource

Mr. Shafique Ahmed Uqaili joined the bank in year 2006. He is a seasoned HR specialist having multi-faceted national and international professional work experience in a wide variety of HR functions for over 26 years in different business sectors, including commercial banking, non banking financial institutions, pharmaceuticals industry and retail/consumer businesses. He has a bachelor’s degree in engineering, a masters degree in computer science and business administration with specialization in human resource management.

Muhammad Raffat

Update Date: 11-Apr-2014

Company Secretary

Mr. Muhammad Raffat has a long association with Allied Bank spread over 30 years and has remained posted in various banking areas during his career. His qualification includes DAIBP, M.A. and LL.B. He has been appointed as Company Secretary of the Bank in April 2010 and looks after Corporate Affairs Group.

Pakistan Banks' Association 2005. All Rights Reserved.