NIB Bank Limited

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 160 ATMs.

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 Treasury Services.

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 Pakistan.


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%.

Chief Executive:  

Update Date: 18-Jan-2017

Not Available

Mr. Yameen Kerai
President and CEO
NIB Bank Limited

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 Officer.

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.

Key Management:

Jaudat Hussain 

Update Date: 02-Mar-2015

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.

Tufail Jawed Ahmad

Update Date: 02-Mar-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 Limited.

Ahmed Fawad Hashmi

Update Date: 01-Apr-2015

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 President.

Jawed Akhlaq

Update Date: 02-Mar-2015

Group Head – Compliance, Legal & Investigations

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 and Europe.

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 Regulatory Guidelines.

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 positions.

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.

Imran Ahad

Update Date: 01-Apr-2015

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..

Najeeb Gilani

Update Date: 02-Mar-2015

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 organization.

Shah Miftaah Ul Azim Azmi

Update Date: 01-Apr-2015

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 September 2008.

Imtiaz Ahmad Sheikh

Update Date: 02-Mar-2015

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 November 2014.

Mir Maqbool Mahmood 

Update Date: 02-Mar-2015

Head of Operations

Mir Maqbool Mahmood is a seasoned banker with over 37 years of banking experience, in Pakistan as well as abroad.

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.

Ivan N. Johns

Update Date: 02-Mar-2015

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.

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