Askari Bank Limited
Organization:  

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 Bahrain.

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:
 
bullet Commitment
bullet Integrity
bullet Fairness
bullet Teamwork
bullet Service

The Bank’s customers

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 907,984 relationships.


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.

 
Chief Executive:  

Update Date: 05-Aug-2013

Syed Majeedullah Husaini
President & Chief Executive / Executive Director
Askari Bank Limited

Syed Majeedullah Husaini joined the Bank as President & Chief Executive on June 03, 2013.

Mr. Husaini is Masters in Economics from Karachi University and has obtained professional certifications by the National Association of Securities Dealers, USA and North American Securities Administrators Association.

He brings experience of over 30 years in Banking, of which the first ten years were spent overseas with a number of International Banks in Kenya, Sierra Leone, South Africa and the Middle East. His assignments led him to successfully manage diversified areas of banking business including foreign trade finance, Commercial and Corporate finance and Liability management. He played a significant role in developing training programs and has remained faculty member with a number of Financial Institutions.

Through a major part of his career, Mr. Husaini has held key positions which required expertise in startups of Financial Institutions, infrastructural and business development for Commercial Banks in developing countries. He helped in establishing the Rozgar Micro Finance Bank at Karachi and became the first CEO of that Bank. This provided him with a perspective on issues of poverty alleviation through a program of small business loans.

His other major assignments in Pakistan include President KASB Bank, CEO of a Modaraba, Head of Corporate Banking Group, MCB and at National Bank of Pakistan.

Key Management:

Farrukh Iqbal Khan
 

Update Date: 12-Sep-2013

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 to 2010.

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.

 
Khurshid Zafar
 

Update Date: 16-Aug-2013

EVP / Group Head – Corporate & Investment Banking Group

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 Banking.

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, Islamabad.

 
Saleem Anwar
 

Update Date: 16-Aug-2013

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.

 
Abdus Samad Khan
 

Update Date: 12-Sep-2013

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 Pakistan).

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.

 
Rehan Mir
 

Update Date: 16-Aug-2013

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 operations.

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 1995.

 
Zain Ul Abidin
 

Update Date: 16-Aug-2013

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 Management Department.

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 & Inspection Wing.

 
Syed Adil Abbas Zaidi
 

Update Date: 12-Sep-2013

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 Resource Division.

Mr. Zaidi holds B.A. Degree in Economics & Political Sciences from University of the Punjab and has attended number of training courses.

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 & Correspondent Banking.

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.

 
Waleed Iqbal Khan
 

Update Date: 16-Aug-2013

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 Bank Ltd.

 
Fahd Sardar Khan
 

Update Date: 16-Aug-2013

SVP / Country Head – Islamic Banking Services Division

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, Islamabad.

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.

 
Zehra Khalikdina
 

Update Date: 16-Aug-2013

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 Management.

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.

 
M. A. Ghazali Marghoob
 

Update Date: 19-Aug-2013

SVP / Company Secretary and Head Corporate & Legal Affairs Division

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.

 
Abdul Waseem
 

Update Date: 16-Aug-2013

SVP / Country Head Credit Administration Division

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.

 
Shahid Abbasi
 

Update Date: 13-Dec-2013

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 and inspection.

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.

 
Zahid Hassan Qureshi
 

Update Date: 13-Dec-2013

SVP / Country Head Special Asset Management Division

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.

 
Waqar ul Islam
 

Update Date: 21-Aug-2013

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 Bank.

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.

 
Sher Afgan Khanzada
 

Update Date: 21-Aug-2013

SVP / Regional General Manager - North

Mr. Sher Afgan Khanzada joined Askari Bank in October 1996 and is presently designated Regional General Manager of North Region.

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 Manager.

 
Saulat Hameed
 

Update Date: 21-Aug-2013

SVP / Acting Regional General Manager - Central

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 Area Manager.

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.

 
Asim Bashir
 

Update Date: 04-Dec-2013

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 Planning Group.

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.

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