Update Date: 02-Apr-2015
About NIB Bank
NIB Bank is one of the largest foreign banks in Pakistan with an extensive
branch network spread over 52 cities across the country. It is also one of the
largest corporate entities of the country with a paid up capital of PKR 103
billion. The Bank continues to serve its customers for all their financial and
banking needs through its network of 170+ branches, all connected online, and
The Bank’s resolve to provide world-class financial products and services to the
banking population of Pakistan is driven by its key business units including
Retail Banking, Commercial Banking, Corporate and Investment Banking and
NIB Bank is headquartered at the PNSC Building in Karachi, Pakistan. Six floors
of this iconic building serve as the nerve centre of the Bank’s footprint in
NIB Bank started operations in October 2003 when National Development
Leasing Corporation (NDLC) and the Pakistan operations of IFIC Bank were
amalgamated. The Bank grew rapidly and further acquisitions took place – the
Pakistan operations of Credit Agricole Indosuez were acquired in April 2004, and
in 2007, PICIC Commercial Bank Limited merged with the Bank. Temasek Holdings of
Singapore continues to be the largest single investor in NIB Bank, through its
wholly owned subsidiary, with a stake in excess of 88%.
Update Date: 18-Jan-2017
Mr. Yameen Kerai
President and CEO
Mr. Yameen Kerai took charge of NIB Bank Ltd. as President & Chief Executive
Officer in January 2017. He joined NIB Bank Ltd. in 2005 as Chief Financial
After graduating from the London School of Economics, he qualified as a
Chartered Accountant with Robson Rhodes, London, and pursued public accounting
in Jeddah with Touche Ross, one of the global big eight firms. Then he joined a
leading Canadian insurer, Canada Life, in Toronto where he performed internal
audit, finance and tax roles. Next he joined multinational Dutch bank ABN AMRO
as Chief Financial Officer of their Pakistan operations in Karachi while also
heading the IT, admin and real estate functions. Thereafter ABN AMRO appointed
him CFO for their Asia Pacific region at Singapore, where he oversaw finance
functions of 13 countries.
Group Head – Retail Banking
Mr. Jaudat Hussain’s banking career spans over
twenty years. He has worked with some of the biggest and most
reputable banks in Pakistan.
He began his career with Standard Chartered (SCB) in 1995. He went
on to spend the next ten years with SCB, gaining valuable banking
expertise within the organization. His next career move took him to
MCB Bank in October 2005. After working with MCB for five years, Mr.
Hussain moved to United Bank Limited (UBL) in 2010, where his last
role was Group Head Retail Business.
Mr. Hussain holds an MBA in Business from the Indiana University of
Pennsylvania along with International Capital Markets qualifications
from the Securities Institute in London, UK.
He joined NIB Bank in February 2015.
Chief Risk Officer
Mr. Tufail Jawed Ahmad holds a BSc. (Hons.) from
Karachi University and BBA (Hons.) and MBA degrees from IBA, Karachi
with a major in Finance. He has extensive risk management and audit
experience spanning over 34 years. He started his banking career
with Grindlays Bank in 1980 as a Management Trainee where he grew
and progressed to different Senior Management roles. He continued
working with Grindlays for the next twenty years, gaining experience
in Corporate and Consumer Banking in both business and credit roles.
His international roles at Grindlays include an audit role based in
London, a corporate banking role in Bahrain and a credit role in the
UAE. In 2000 when Grindlays Bank was acquired by Standard Chartered
Bank (SCB), Mr. Ahmad continued to serve in senior regional roles in
the Middle East. He subsequently joined National Bank of Fujairah, a
local UAE based entity, as Head of Risk Management in 2005. He
rejoined SCB in 2007 where he served as Chief Risk Officer until
July 2011. He was also on the Board of Directors of two SCB
subsidiaries: Standard Chartered Leasing Limited and Standard
Chartered Services (Private) Limited, the managing company for
Standard Chartered Modaraba.
Mr. Ahmad is currently with NIB Bank as Chief Risk Officer and also
represents the Bank on the Board of Directors of PICIC Insurance
Group Head – Remedial
Mr. Ahmed Fawad Hashmi did his Bachelors in
Commerce from Karachi University and brings with him more than 33
years of diversified international banking experience with various
banks and organizations. He joined the BCCI Group in 1979 as a
Management Trainee. He subsequently worked in Egypt, Kuwait, the
Maldives and Sri Lanka with different entities of the BCCI Group in
various roles until 1992. He was working as a Senior Manager at
National Bank of Oman SAO, Egypt, overseeing the Egyptian operations
of the bank when he decided to leave the group.
Mr. Hashmi then established a trading and indenting house in
Colombo, Sri Lanka, where he worked as partner and Managing Director
of the firm. In 1994, he joined Prime Commercial Bank Limited,
Pakistan and held various senior positions including Head of Country
Operations, Regional Head for Sindh and Baluchistan and EVP and
Country Head, Banking Services Group – the position he held before
leaving the bank in 2007. He then joined ABN Amro Bank N.V.,
Pakistan, as Country Head, Islamic Banking.
Thereafter, Mr. Hashmi joined Standard Chartered Bank as Country
Head Operational Risk Assurance and Audit in 2007 until May 2011
working as Country/Area Head Audit for Pakistan, Jordan, Lebanon and
Afghanistan. Prior to joining NIB Bank in February 2012, he was
working for Habib Metropolitan Bank as Senior Executive Vice
Group Head – Compliance, Legal &
Mr. Jawed Akhlaq brings with him thirty
four years of consistent and diversified banking experience
encompassing corporate and commercial banking, risk, audit and
compliance roles, and active involvement with key regulatory
institutions. He has held senior positions with international and
local banks across the world including Asia, Africa, the Middle East
Before joining NIB Bank, he worked in the capacity of Country Head,
Legal and Compliance at Standard Chartered Bank Pakistan for eight
years. He was part of the team that undertook and managed the merger
of Union Bank into SCB and subsequently the formation of SCB Group’s
local banking subsidiary in Pakistan. At UBL, he undertook the
setting up of the compliance function as per State Bank of Pakistan
He held positions as the Head of Credit for the Africa Region and
undertook Audit Internal Control reviews for UAE, Turkey, Oman and
the UK while based in London with BCCI. He was also Head of
Corporate Banking and Manager of the Branch Distribution Network in
Africa. At Credit Agricole Indosuez and National Bank of Pakistan he
held positions in corporate banking, risk and retail banking
Mr. Akhlaq completed his MBA from the Institute of Business
Administration and also holds a double Bachelors degree in Law and
Commerce from Karachi University. Mr. Akhlaq is also a Diploma
Associate of the Institute of Bankers Pakistan. He has conducted
various trainings / seminars on banking law and practice and has
represented banks at several forums.
Group Head – Corporate & Investment Banking
Mr. Imran Ahad brings with him 27 years
of extensive and diversified experience encompassing global markets,
corporate banking and other wholesale banking functions along with
senior management and governance responsibilities.
A major part of his working career has been with Standard Chartered
Bank where he has served at different geographical locations. He
also served on the boards of Standard Chartered Modaraba and
Standard Chartered Leasing in Pakistan. In addition, he was part of
the leadership team that conceptualized and oversaw the acquisition
and successful integration of Union Bank by Standard Chartered in
Pakistan, and was involved with the integration of ANZ Grindlays
Bank in Pakistan.
Amongst his key roles was his time as the Head of Global Markets for
Northern Gulf, which he built into a strong revenue-generating unit
for the Bank. Later he became the Head of Corporate Banking for
Pakistan, where he was instrumental in positioning the corporate
bank as one of the significant contributors to the bank’s bottom
line in Pakistan.
His last assignment before coming on board with NIB Bank was with
Standard Chartered Capital, Saudi Arabia, as Managing Director and
Head of Corporate Finance..
Group Head – Internal Audit
Mr. Najeeb Gilani is heading NIB Bank’s
Internal Audit Group Head reporting to the Audit Committee of the
Board of Directors.
Mr. Gilani is a Certified Public Accountant (CPA) from Texas, USA.
He holds a Bachelors in Business Administration and a Masters in
Professional Accounting from the University of Texas, Austin. Mr.
Gilani has nearly 20 years of experience in audit, finance, and
treasury roles in global banks in the USA, Singapore, UAE, and
Pakistan. Prior to his current role, Mr. Gilani was with Citigroup,
Singapore where he led audit and risk review teams in the Asia
Pacific Region covering various business lines.
As Head of Internal Audit at NIB Bank, Mr. Gilani is passionately
concerned with attaining optimal internal controls, best of class
risk management practices, high compliance standards, and a
demonstrably superior ethical behavior tradition within the
Shah Miftaah Ul Azim Azmi
Group Head – Treasury
Shah Miftaah Ul Azim Azmi has
banking experience spanning over 20 years, particularly in the area
of treasury, capital markets and portfolio management. He was
honored to represent the Financial Market Association (FMA) of
Pakistan in the capacity of President from 2009– 2012.
Before joining NIB Bank, he was associated with Pak Oman Investment
Company in the capacity of Senior Executive Vice President Treasury.
He has extensive experience with both local and foreign banks
including Standard Chartered Bank, PICIC Commercial Bank, Union Bank
Limited and Orix Investment Bank.
Mr. Azmi holds a law degree from the University of Karachi. He
joined NIB Bank as Group Head Treasury & Capital Markets in
CIO – Information Technology Group
Mr. Imtiaz Ahmad Sheikh brings with him
32 years of diversified experience of establishing and managing
versatile technology platforms for well-reputed financial and
scientific institutions both in Pakistan and overseas.
Completing a Masters in Computer Science from the University of
Engineering and Technology (UET) Lahore in 1981, Mr. Sheikh started
his career with WAPDA, working on projects for WAPDA and USAID. He
later worked with the Electricity Corporation Riyadh, Saudi Arabia
as a Manager from 1990–1993.
Imtiaz has since served as the CIO/Head of Information Technology of
various established banks for about a decade. He has served as SEVP/CIO
Askari Commercial Bank, CIO/GM Bank Alfalah, DGM Bank Al Habib, EVP
PICIC Commercial Bank (which later became a part of NIB Bank) and VP
Union Bank (now Standard Charted Bank).
Over more than 21 years of associations with these banks, he has
developed extensive experience of implementing, migrating and
managing many international and local core and non-core
applications. He also has in-depth knowledge of launching and
handling branchless banking solutions. In addition, he has managed
IT for the overseas operations of Bank Alfalah. He was Director of 1
Link Guarantee Company since its inception (2002–2013), on behalf of
PICIC Commercial Bank, Bank Alfalah and Askari Bank.
Mr. Sheikh joined NIB Bank as Head of Information Technology in
Head of Operations
Mir Maqbool Mahmood is a seasoned
banker with over 37 years of banking experience, in Pakistan as well
He began his career in May 1977 as an Officer with United Bank
Limited after completing a degree in Economics from Peshawar
University. In the years since, he has accumulated extensive
experience in all areas of Operations Management through his
associations with organizations such as American Express Bank, Saudi
American Bank, Chase Manhattan Bank (acquired in 1994 by Muslim
Commercial Bank), Standard Chartered Bank and most recently, United
Bank Limited, in various senior roles.
A major part of his career has been spent with UBL, where he was
involved in the successful restructuring, re-engineering and
centralization of branch operations and the formulation of various
policies and procedures for the Bank.
Mr. Mahmood joined NIB Bank in June 2013 and was appointed Head of
Operations in August 2014.
Group Head – Human Resources Group
Mr. Ivan N. Johns started his career in banking
with Citibank in 1996. In his nine years at Citibank he gained
experience in various functions of HR. In his last role with
Citibank as Training & Development Manager, he provided ongoing
support to all functions locally and internationally with learning
solutions, while also supervising the outsourced recruitment and
compliance risk framework for HR.
At NIB Bank, he has been a key player in revamping the HR
architecture and roadmap in line with the Bank’s strategy. He has
been instrumental in redesigning the Bank’s compensation and benefit
framework to cater to acquisitions and mergers that took place, and
also re-engineering core HR processes to create greater efficiency.
In his nine years at NIB Bank, he has headed each department of the
Human Resources Group, channelizing the de-risking strategy and
roll-out of business models supporting the Bank’s overall direction.
He has contributed on multiple levels by introducing and running
several talent management, rewards, performance management and
learning and development initiatives.
Mr. Johns holds a B.Sc. from Karachi University and also has a
Certificate in Human Resources from the Center for Labor Market
Studies, UK. After having joined NIB Bank in 2005, he took over as
Group Head of HR in September 2014.