PBA names Muneer Kamal as CEO

KARACHI: The Pakistan Banks’ Association (PBA) announced on Thursday that it has appointed Muneer Kamal as its chief executive officer and secretary general, effective from April 1, 2024. Kamal, who possesses vast experience working in both local and foreign financial institutions, will take over from Tawfiq A. Hussain, who is stepping down from the role effective March 31.

“After more than a decade of meritorious service to the Association, Tawfiq Hussain leaves behind a legacy marked by notable achievements and substantial growth of the organization. His strategic vision and unwavering commitment to excellence have elevated the profile of the PBA, positioning it as a leading industry body in Pakistan,” the PBA said in a statement.

"Following Tawfiq Hussain’s retirement, the PBA Executive Committee unanimously selected Muneer Kamal to be his successor and assume the role of the new CEO & secretary general, effective April 1, 2024."

With over four decades of extensive banking experience, Kamal brings a wealth of expertise and insight to the position. His career in banking and financial services began with Citibank Pakistan, and since then, Kamal has held both local and international positions in various financial entities, including serving as president & CEO of Faysal Bank and Union Bank. Kamal holds an MBA degree from the Institute of Business Administration, Karachi. Among Kamal's many roles in corporate governance are those of chairman of the National Bank of Pakistan, chairman of the Pakistan Stock Exchange, director of Engro Corp, and director of DH Corp.

He also serves as a member of the National University of Medical Sciences Board of Governors, in addition to being a member of the boards of directors at Infra Zamin Pakistan, GSK Pakistan, Jubilee Life Insurance, and the National Clearing Company of Pakistan (NCCPL). "Muneer Kamal’s demonstrated leadership and deep understanding of the banking landscape over the years position him to lead the organization forward, advancing PBA's mission of promoting banking excellence,” Zafar Masud, chairman of the PBA, said.