DIBPL appoints Muhammad Ali Gulfaraz as CEO

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has appointed Muhammad Ali Gulfaraz as its new chief executive officer, the bank said in a statement on Monday.

Gulfaraz is an international banking executive with over 25 years of international and domestic experience in corporate and investment banking, strategy, risk management and digital transformation across the UK, Europe, and Pakistan.

Before joining DIBPL, Gulfaraz served as CEO and managing director of Bank of Khyber, where he led major digital, governance and operational transformation initiatives. His global banking journey includes over a decade at Mizuho Corporate Bank (London, UK), where he served as MD and head of corporate and investment banking for the UK, Ireland, and Nordic countries. He also spent more than 12 years with Bank of America (London, UK), rising to the position of principal in the global corporate and investment banking group. He also served as executive director at Fauji Foundation, where he oversaw strategic investments and board engagements across a wide portfolio of companies.

Speaking on his new role, Gulfaraz said, “I look forward to building on the bank’s strong foundations to achieve sustainable growth through a culture of innovation and customer centricity.”