Update Date: 19-Aug-2013
Askari Bank was incorporated in
Pakistan on October 9, 1991, as a public limited company. It commenced
operations on April 1, 1992, and is principally engaged in the business of
banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed
on Karachi, Lahore and Islamabad Stock Exchanges.
Askari Bank has since expanded into a network of 261 branches / sub branches,
including 34 dedicated Islamic banking branches, and a wholesale bank branch in
A shared network of 5,903 online ATMs covering all major cities in Pakistan
supports the delivery channels for customer service. As at December 31, 2012,
the Bank had equity of Rs. 19.7 billion and total assets of Rs. 353 billion,
with 907,984 banking customers, serviced by our 5,597 employees. Askari
Investment Management Limited and Askari Securities Limited are subsidiaries of
Askari Bank engaged in managing mutual funds and share brokerage, respectively.
The Bank’s Vision
To be the bank of first choice in the region.
The Bank’s Mission
To be the leading bank in Pakistan with an international presence, delivering
quality service through innovative technology and effective human resource
management in a modern and progressive organizational culture of meritocracy,
maintaining high ethical and professional standards, while providing enhanced
value to all our stakeholders, and contributing to society.
The Bank’s Values
Integrity is the most valued standard in whatever the bank does. It understands
that its commitment to satisfy customers’ needs must be fulfilled within a
professional and ethical framework. It subscribes to a culture of high ethical
standards, based on the development of right attitudes. The intrinsic values,
which are the corner stones of the bank’s corporate behaviour, are:
Knowing the customers and their needs is the key to the
Bank’s business success. The products and services are as
diverse as their market segments. The client relationship
managers are well equipped and well trained to provide the
most efficient and personalized service to the customers. Askari Bank is proud of its pioneering role in providing the
most modern and technologically advanced services to its
The Bank’s investors
The Bank believes that the bottom line of any business is
creating shareholder value. To gain their trust and
confidence, they believe in providing investors timely,
regular and reliable information on their activities,
structure, financial situation, and performance.
The Bank’s regulators
The Bank firmly believes in regulatory discipline and
harmony of their corporate objectives with regulatory
framework. The business methodologies are designed to
ensure compliance with the directives of all regulators.
The Bank’s employees
The Bank strongly believes that the interests of the Bank
and the employees are inseparable. At Askari they try to
create a ‘we’ culture where there is mutual trust and
respect for each other. ‘We’ encourage ownership behavior so
that everyone feels responsible for the performance and
reputation of the Bank. ‘We’ are committed to develop and
enhance each employee’s skills and capabilities through
extensive in–house and external training programs and job
rotations. In order to ensure meritocracy, the Bank’s
appraisal system is purely performance based.
The Bank’s communities
The Bank fully recognizes its corporate social
responsibility and its contributions to different areas of
the social sector are aimed to help improve the quality of
life in the country.
Update Date: 05-Aug-2013
Syed Majeedullah Husaini
President & Chief Executive / Executive Director
Askari Bank Limited
CEO of a
EVP / Group Head Operations
Mr. Farrukh Iqbal joined Askari Bank in February
2010 as EVP/Head of Audit & Inspection Division and is currently
holding the position of 'Group Head Operations'. He carries
diversified banking experience of 20 years. He started his
professional career with State Bank of Pakistan in 1993 and later on
also served as Head of Audit in KASB Bank Limited from January 2004
Academically he is CISA & CICA qualified, hold Banking Diploma from
IBP and has done Masters in Business Administration. He has also got
‘Certificate of Directors Education’ from Pakistan Institute of
Corporate Governance and is serving as nominee Director on the
Boards of 'Askari General Insurance' and 'Askari Investment
Management Limited'. He has attended number of training courses
during his service.
EVP / Group Head – Corporate & Investment
Mr. Khurshid Zafar is presently designated as
Group Head- Corporate and Investment Banking Group. He joined Askari
Bank Limited in July 2010 and served on key positions including that
of Regional General Manager – South and Group Head - Commercial
Banking. Mr. Zafar possesses vast experience of over 23 years in the
field of Corporate, Investment Banking, Retail and Commercial
He has served in various Investment and Commercial Banks at senior
positions and has attended number of local and foreign training
courses. He holds an MBA Degree from Quaid-e-Azam University,
EVP / Chief Financial Officer
Mr. Saleem Anwar, Chief Financial Officer (CFO)
has extensive experience spanning over 20 years in the fields of
finance, taxation, audit, planning & corporate affairs in Pakistan &
abroad. He joined Askari Bank in June 2008 as head of strategic
planning and company secretary and was later assigned the role of
CFO in April 2009.
After completing his training from M/s Price Waterhouse Coopers,
Chartered Accountants, he joined Al Faysal Investment Bank Limited
in 1992 where he worked till 2001 as vice president. Later, he
served Faysal Bank as Financial Controller. Prior to joining Askari
Bank, he served as Head of Finance and Special Projects for Islamic
Banking initiative of Mashreq Bank, Dubai, UAE.
Mr. Anwar is a fellow member of the Institute of Chartered
Accountants of Pakistan. He has participated in various professional
training courses / seminars in Pakistan and abroad.
EVP / Country Head – Agriculture Division.
Mr. Abdus Samad Khan has joined Askari Bank as
Executive Vice President and Executive Incharge in May 2012. He was
given additional charge of Country Head – HRD in October 2012. Mr.
Khan is presently designated as Country Head Agriculture Division.
Mr. Khan holds an MBA Degree and is a Diploma Associate of the
Institute of Bankers in Pakistan. He has been director on the Boards
of Commercial Bank/Investment Bank/AMCS/Leasing and Insurance
companies and has remained a member on the Board of Governors of
Sarhad University at Peshawar. He has attended a number of local &
foreign training courses, workshops and seminars.
He possesses diversified banking experience spanning over 33 years
in the field of Commercial, Corporate, Treasury and Investment
Banking. He started his career in 1978 with Habib Bank Limited and
within few years was posted overseas at Bahrain to Head the Offshore
Banking Unit of HBL. In 1993 he became the Treasurer of HBL during
which time he founded the FMA (Financial Markets Association of
In 1998 he joined Saudi Pak Industrial & Agricultural Investment
Company Limited as EVP and Country Head Treasury & Capital Markets.
He also served at Capital Development Authority for two years as
Head of Investment Management with the status of Member.
Prior to joining Askari Bank he was the Chief Executive Officer of
First Dawood Investment Bank Limited.
EVP / Global Treasurer
Mr. Rehan Mir joined the Bank in January 1995 and
is presently designated the Global Treasurer at Treasury Division
since December 2008. Before his becoming the Global Treasurer, he
worked on different important assignments in the Treasury.
Mr. Mir holds a graduate degree from the University of the Punjab,
Lahore. During his Banking career, he has attended a number of
foreign and local training courses on treasury and Foreign Exchange
He possesses over 34 years of rich Banking experience mainly
comprised of treasury operations, money market and foreign exchange
operations. He started his professional career in 1978 with UBL as a
Trainee Officer and later on switched to Askari Bank Limited in
SVP / Country Head Compliance & Data Division
Mr. Zain Ul Abidin joined Askari Bank in March
2009 and is designated Country Head - Compliance & Data Division
since September 2011.
Mr. Abidin holds a Masters degree in Economics from University of
Peshawar and MBA in Banking & Finance from Allama Iqbal Open
University. He has attended a number of training courses.
He possesses over 16 years of diversified Banking experience. He
started his professional career in 1997 with State Bank of Pakistan
by qualifying in State Bank Officer Training Scheme (SBOTS-III) and
has served in Banking Inspection Department and Exchange & Debt
In September 2004, he moved to Securities & Exchange Commission of
Pakistan where he served in NBFCs Department, Specialized Companies
Division for over four years as Joint Director Monitoring &
SVP / Country Head – HRD
Syed Adil Abbas Zaidi re-joined Askari Bank as
Senior Vice President and Country International Banking Division in
July 2013. Mr. Zaidi is presently designated as Country Head Human
Mr. Zaidi holds B.A. Degree in Economics & Political Sciences from
University of the Punjab and has attended number of training
He is a seasoned banker with 38 years of diversified professional
experience in different banks based in Africa, United Kingdom, UAE
and Pakistan having core competencies in International &
He started his professional carrier with Habib Bank Limited as
Management Trainee Officer and later on served in BCCI, Union Bank
and Askari Bank.
He joined Askari Bank in June 2003 and retired in January 2012 and
retired upon attaining age of superannuation. He worked at different
positions, like Country Head – International Banking Division,
Country Head – Foreign Trade and Divisional Head – Operations etc.
SVP / Country Head General Services Division
Mr. Waleed Iqbal Khan joined Askari Bank as
Senior Vice President and Country Head – General Services Division
in August 2013.
Mr. Khan holds Masters Degree in Business Administration from
Western Int’l University, USA. He is a seasoned banker with over 24
years of diversified professional experience with Multinational and
domestic banking institutions.
He started his professional career in 1989 with Cass Electronics
Group, UK and later on served in Trans Arabia Investment Bank, UK,
Standard Chartered Bank, Citibank, Allied Bank Limited, L’Oreal
Pakistan Limited, Faysal Bank Limited, and KASB Bank Limited.
Prior to joining Askari Bank he was Head of Administration at KASB
SVP / Country Head – Islamic Banking Services
Mr. Fahd Sardar Khan joined Askari Bank as Senior
Vice President and Country Head - Islamic Banking Services Division
in July 2013.
Mr. Khan holds a Masters Degree in Business Administration with
majors in Finance & Marketing from Quaid-e-Azam University,
He possesses over 15 years of diversified professional experience
both in conventional and Islamic banking.
He started his professional career with Askari Bank as Management
Trainee Officer and later on served in Faysal Bank, Saudi Pak Bank
and Bank Alfalah Islamic Bank. Prior to joining Askari Bank he was
Regional Manager - North of Bank Alfalah Islamic Bank.
SVP / Country Head - RMD
Ms. Zehra Khalikdina is presently working as
Country Head Risk Management Division. She joined Askari Bank in
December 2007 as SVP.
Her professional Banking career spans over 19 years in leading
financial institutions of Pakistan (MCB Bank and Meezan Bank). She
has broad based experience covering the entire spectrum of
Commercial & Shariah-compliant Banking; culminating in her core
competency as a Subject-Matter Expert in Enterprise-wide Risk
Ms. Khalikdina has Enterprise-wide Risk Management experience
encompassing Credit Risk domains for Corporate, SME, Retail; Market
Risk including Treasury & Liquidity Risk; Operational Risk;
Compliance including Anti Money Laundering, Fraud Risk, Business
Continuity Management; Information Security and Internal Control;
Risk Governance including Basel II Compliance and streamlining
Quantitative Risk Management for Economic Capital & Stress Testing.
Having attained academic and professional excellence from Institute
of Business Administration (IBA) Karachi and securing the Banking
Diploma from Institute of Banker in Pakistan (IBP), and the course
for Certified Islamic Banker from NIBAF, State Bank of Pakistan; she
has also cleared “The Credit Skill Assessment Program” from Omega
Performance Pte Ltd of Singapore.
SVP / Company Secretary and Head Corporate & Legal
Mr. M. A. Ghazali Marghoob is the Company
Secretary and Head Corporate & Legal Affairs Division / SVP of the
Bank. He is looking after corporate and legal affairs of the Bank
and is Secretary to all committees of the Board.
He brings with him diversified experience spanning over 29 years in
the field of Finance & Corporate Affairs in Banking & Services
Industry. He started his professional career with Marriott Hotel as
Assistant Finance Controller and later on worked in Saudi Paki
Industrial & Agricultural Investment Company as CFO & Company
Secretary. Prior to joining Askari Bank Limited, he was working as
CFO & Company Secretary at SME Bank Limited.
Mr. Marghoob is a Chartered Accountant by profession and fellow
member of the Institute of Chartered Accountants of Pakistan,
Institute of Corporate Secretaries of Pakistan and Institute of
Public Finance Accountants. He has completed Directors’ Training
Program from PICG and is a Certified Independent Director.
SVP / Country Head Credit Administration
Mr. Abdul Waseem joined Askari Bank in June 2000
and is presently designated Country Head -Credit Administration
Division since September 2011. Earlier he worked on different
positions in the Commercial Banking Group and various Regional
Offices, and as the Acting Group Head Operations.
Mr. Waseem holds M.Com degree from University of the Punjab and has
attended a number of training courses.
He possesses over 28 years of experience. He started his
professional career in 1984 with Habib Bank Ltd and later on
switched to Askari Bank in 2000.
SVP / Country Head Audit & Inspection Division
Mr. Shahid Abbasi joined Askari Bank in December
2007 and is presently designated Country Head at Audit & Inspection
Division since September 2011. Before his designation as Country
Head, he worked on different important assignments related to audit
Mr. Abbasi qualified as a chartered accountant in 2001 and is a
Fellow member of the Institute of Chartered Accountants of Pakistan.
He has attended various professional training courses/seminars
within Pakistan and abroad.
He possesses over 13 years of Post Qualification experience in the
field of External Audit, Internal Audits, Accounts and Finance. He
was trained with M/s Coopers & Lybrand, Chartered Accountants, (now
Pricewaterhousecoopers). Before Joining Askari Bank he has worked
with Askari Leasing Limited, Saudi German Group and Pakistan
Telecommunication Company Limited. Earlier he served Askari Bank
from January 2005 to January 2007.
SVP / Country Head Special Asset Management
Mr. Zahid Hassan Qureshi joined Askari Bank in
December 2009 and is presently designated Country Head at Special
Asset Management Division since June 2013. Earlier, he worked on
different important assignments related to Special Asset Management.
Mr. Qureshi holds a graduate degree from University of the Punjab,
he has also qualified DAIBP (Part-1 & 11) and has attended a number
of training courses.
He possesses over 35 years of diversified banking experience
specifically in the areas of Banking Operations, Business Fields &
Special Asset Management. He started his professional career in 1978
with Allied Bank Limited and later on served at KASB, PICIC
Commercial Bank and NIB Bank Ltd.
EVP / Regional General Manager - South
Mr. Waqar Ul Islam is an MBA from IBA Karachi. He
is a seasoned international banker with a professional experience of
37 years including 26 years with Swiss financial institutions where
he has also served as member of Management Committee of a Swiss
Mr. Islam is an expert in Credits, Treasury and Risk Management with
experience of setting up business and rolling out branches. He has
an excellent track record in soliciting and developing new business
for financial Institutions in UK, Luxembourg, Bahrain, UAE, Cayman
Islands and Pakistan.
Mr. Islam started his career in 1976 with BCCI Karachi and was
posted to Central Credit Division in London. Later he joined Banque
de Commerce et de Placements (BCP), Geneva in Dec 1982 and served
this Bank for 23 years in Luxembourg and Bahrain as Country Manager.
He successfully set up the dealing room in Luxembourg. In addition
to Treasury business, he successfully developed Private Banking &
Correspondent Banking business for Luxembourg and Bahrain branches.
He successfully set up Askari Bank OBU operations in Bahrain in 2003
and served as Senior Vice President and General Manager. Then he
joined Fortis Banque (Suisse) SA, Dubai office in 2005 as the Vice
President & Head of Private Banking - Pakistan desk. He also served
as Advisor to the CEO of Equitable Management Consultants, Dubai for
two years. He also served as Head- Risk Management Division at KASB
Bank for 6 months prior to joining Askai Commercial Bank Ltd. as EVP/
RGM – South in July 2013.
SVP / Regional General Manager - North
Mr. Sher Afgan Khanzada joined Askari Bank in
October 1996 and is presently designated Regional General Manager of
Mr. Khanzada holds MBA degree from the Quaid-i-Azam University,
Islamabad and has attended a number of training courses.
He possesses over 17 years of rich Banking experience mainly
comprised of branch banking. He started his professional career in
1996 as Management Trainee Officer with Askari Bank Limited and has
worked on key managerial positions of Chief Manager and Area
SVP / Acting Regional General Manager -
Mr. Saulat Hameed joined Askari Bank in 1997 and
is presently designated Acting Regional General Manager - Central.
Earlier, he worked on different important assignments related to
branch banking operations which include those of Chief Manager and
Mr. Hameed holds MBA degree from University of the Punjab and has
attended a number of training courses. He is also Diploma Associate
of Institute of Bankers in Pakistan (DAIBP).
He possess over 32 years of diversified banking experience. He
started his professional career in 1980 with Bank of Credit &
Commerce as MTO and later on served in BCCI Lahore. He also served
in BCCI Oman and Bank Dhofar Al Omani Al Fransi as Branch Manager in
various branches in Oman before joining Askari Bank in 1997.
SVP / Country Head Alternate
Delivery Channels Division
Mr. Asim Bashir is Country Head Alternate
Delivery Channels Division. He joined Askari Bank in December 2002
as Manager Credit Card Center Lahore.
He moved to Consumer Banking in 2004 at Head Office and managed its
Policy, Strategic Planning & Product Development.
In 2009, he was given the assignment in Marketing & Strategic
Prior to joining Askari Bank, he started his career with Bank of
America in 1990 and managed various assignments in general banking,
bankcards & acquiring business till 2000.
He has done MBA (Executive) from Szabist and also holds post
graduate professional certifications in Human Resource Management
from NUST & Project Management from Szabist.