(Karachi) – Prominent banker Wajahat Husain has been elevated as the President of one of Pakistan’s largest banks, the United Bank Limited (UBL), Chairman of UBL, Sir Mohammed Anwar Pervez, OBE, Hilal-e-Pakistan, made the announcement on behalf of the Board of Directors. “We are delighted to appoint Mr. Wajahat Husain as the new President and CEO of UBL. He is a consummate banker with a proven track record of building businesses and driving performance. His appointment is a testament to the management depth within UBL and Bestway Group’s commitment to succession planning.”
According to the Board of Directors of UBL, Mr. Wajahat Husain’s appointment is with effect from 1 June 2014, subject to State Bank of Pakistan and other regulatory approvals.
Mr. Husain, is a well known UAE based banker and currently serves as the Head of International Group at UBL. He has had a distinguished 30 year banking career both inside and outside Pakistan. He joined UBL in 2005 as Head of Middle East and in 2010 was elevated to the position of Head of International.
On his appointment, Mr. Husain stated “It is a privilege to have been given the opportunity to lead an outstanding organization like UBL. I am strongly committed to continuing our journey towards becoming a world class bank”.
Zameer Choudrey, Bestway Group Chief Executive & UBL Director welcomed Mr. Husain to his new role and commented “The elevation of Mr. Husain is part of Bestway Group’s corporate culture of promoting from within and in recognition of his exceptional business leadership skills, the Board has placed this responsibility on his shoulders”.
On behalf of the UBL Board, management & staff, Mr. Choudrey paid rich tributes to the outgoing President Mr. Atif Bokhari. He further stated that “Since Privatization UBL has transformed itself into a leader of financial dynamism and innovation. The Bank’s strong domestic franchise as well as a robust international presence is a testament to the hard work and dedication of its staff and management”.
Today, UBL is Pakistan’s second largest private commercial bank with over 5 million customers and a branch network of 1,400 with a strong international presence across continents including United Arab Emirates. In April 2010 UBL launched the first branch-less banking facility in Pakistan under the Omni brand. Currently UBL has over 14,500 Omni agents in Pakistan. UBL has now become the first bank to offer Omni’s branch-less banking facilities in the United Kingdom.