Muhammad Aurangzeb, the President & Chief Executive Officer of Habib Bank Limited (HBL), has tendered his resignation effective Monday, March 11, 2024. The Board of Directors has accepted his resignation, contingent upon approval from the State Bank of Pakistan. Aurangzeb will be stepping down from his role at HBL to take on the position of Federal Minister for Finance for Pakistan.
In light of Aurangzeb’s departure, the Board of Directors has appointed Muhammad Nassir Salim as the new President & Chief Executive Officer of HBL, subject to regulatory approval. Nassir Salim, currently serving as the Chief Operating Officer (COO) of HBL, brings with him 35 years of diverse experience in the banking industry, both domestically and internationally.
Nassir Salim has been associated with HBL since 2017, holding various leadership positions within the organization. His extensive experience includes roles such as Head of Global Operations and Chairman of the Board for HBL Currency Exchange. Prior to joining HBL, Nassir held key positions in several financial institutions across the globe, including Abu Dhabi Islamic Bank (UAE) and Citi Bank (USA).
Nassir Salim holds an MBA in Finance from the Institute of Business Administration (IBA) and a fellowship from the Institute of Bankers Pakistan (FIBP).
Sultan Ali Allana, Chairman of HBL, expressed gratitude for Aurangzeb’s service and commended his commitment to national responsibility. Aurangzeb expressed his appreciation for the support he received during his tenure and expressed confidence in Nassir Salim’s ability to lead HBL forward.
Nassir Salim expressed his commitment to advancing HBL’s strategic objectives, focusing on providing exceptional products and services to clients while leveraging technology and fostering a culture of innovation.
Aurangzeb’s tenure at HBL was marked by significant business growth, innovation, and a steadfast commitment to serving clients and communities. Under his leadership, HBL remained focused on strategic pillars aimed at growing Pakistan’s economy, shaping the financial industry, and achieving regional relevance through initiatives focused on financial inclusion, capacity building, and sustainability.
