SBP approves HBL’s new CEO

KARACHI: The State Bank of Pakistan (SBP) has given in-principle clearance for the appointment of Muhammad Nassir Salim as President and Chief Executive Officer (CEO) of Habib Bank Limited (HBL), a filing to Pakistan Stock Exchange said on Friday.

“We are pleased to inform that the SBP has conveyed its in-principle clearance of Muhammad Nassir Salim, as the President & CEO of Habib Bank Limited vide its letter dated March 28, 2024,” the bank said

Salim was appointed HBL President and CEO after Muhammad Aurangzeb’s resignation. He has an overall 35 years of diversified experience in the banking industry both locally and internationally. He has been part of HBL since 2017 and was working as Head Branch Banking and Islamic Banking since 2021.

Before joining HBL, he worked in numerous financial institutions across the globe including as Head of Retail Operations for Abu Dhabi Islamic Bank (UAE) and Site President & Director for Treasury and Trade solution for Citi Bank (USA). He was also Chairman of the Board for NIFT.