BankIslami on Monday reported that Mr Syed Amir Ali has assumed responsibility as the President and CEO of the bank from first October, supplanting Hasan A. Bilgrami.
In a notification sent to the Pakistan Stock Exchange (PSX) on Monday, BankIslami reported Mr Ali had supplanted Mr Bilgrami as the President/CEO of the bank.
Likewise, the notification said Mr Bilgrami has been named as a consultant to BankIslami for a time of three months from October first to December 31st, 2018.
In April, BankIslami had reported Syed Amir Ali would be appointed as the new CEO of BankIslami instead of Hasan A. Bilgrami. Mr Ali had been working as Deputy CEO from June 2018 and has broad involvement in the corporate and investment banking sector.
He filled in as the EVP and head of investment banking at Meezan Bank from 2006 to February 2013 preceding turning into the SEVP and Group Head, Corporate and Investment Banking at Meezan.
Before this, Mr Ali had served for a year in Shell Companies Pacific Islands as a monetary expert from 2005 to 2006.
Additionally, he was the head of treasury at Pakistan Refinery Limited a joint venture organization of Shell from 2002 to 2004.
The new CEO of BankIslami is a chartered accountant by profession and got a gold award from the Institute of Chartered Accountants of Pakistan ,other than being a Chartered Financial Analyst which he finished in 2009.
He is a former student of Hamdard University, Karachi and got his MBA degree in administration with a gold award in 2004.
Furthermore, Mr Ali is also a member of the renowned Institute of Chartered Accountants in England and Wales, which he finished in 2012.
BankIslami shares were exchanging at Rs12.99, up Rs0.10 (+0.78 percent). KSE-100 file was exchanging at 40,729.53 focuses, down 269.06 focuses (- 0.66 percent) at the season of documenting this report.