Board of Directors

(Urdu Version)

Mr. Munnawar Hamid OBE, Chairman

Mr. Hamid was elected as Independent Director and Chairman of the Board, in March 2008 and was re-elected as an Independent Director by the shareholders of the Bank. Mr. Hamid was also appointed as the Chairman by the Board in August 2011 and also in August 2014 and has held this position since then. Mr. Hamid gained experience of commerce and industry while serving in a major chemicals company, ICI Pakistan Limited, as Chief Executive, as well as Chairman of a number of subsidiary companies of Global Corporations in Pakistan, which include ICI Pakistan and Pakistan PTA (now Lottee Pakistan PTA Ltd.). He has also served in London as a Global Senior Corporate Planner ICI Plc for its Pharmaceuticals, Agrochemicals and Seeds, and especially Chemical Businesses. Subsequently, he was the Advisor to the CEO of ICI Plc London, for South Asia. In addition to the Corporate sector, Mr. Hamid has been associated with a number of Boards, high-level consultative bodies, Public Sector Organizations, leading Advanced Educational Institutions and the Financial Sector of Pakistan. In October 1997, he was appointed Officer in the Most Excellent Order of the British Empire (OBE) by HM the Queen, for services to ICI and Economic Development in Pakistan. Mr. Hamid is a graduate from Punjab University, and also holds BA (Hons) and a Master’s degree from Cambridge University (Gonville & Caius College), UK. He has over 45 years of experience in the fields of business & corporate management and operations. Mr. Hamid is also currently associated with the following organizations:

  • Linde Pakistan Ltd. (formerly BOC Pakistan Ltd.) Chairman.†
  • The Aga Khan University, Member Board of Trustees.†
  • The Aga Khan University - Gratuity Fund Trustee.†
  • The Aga Khan University - Provident Fund Trustee.

Mr. Tariq Iqbal Khan– Director

Mr. Tariq Iqbal Khan was elected as an Independent Director on the Board of the Bank in December 2010 and was also re-elected as a Director by the shareholders of the Bank in August 2011 and August 2014 and has held this position since then. He is also the Chairman of the Audit Committee of the Board. Mr. Tariq Iqbal Khan is the Ex-Chairman of National Investment Trust Limited. He has also served on various positions in Federal Board of Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP). Mr. Khan has also played a significant role as Pakistan Banks Association’s Chairman. Mr. Khan is a Chartered Accountant by profession, and has over 30 years of experience. He has served on the Boards of various other banks and companies. Currently he holds directorship in the following companies:

S.No. † † † † † † † † † †Name of Organization Position Head
1. Pakhtunkhaw Energy Development Organization Chairman
Listed Companies
2. International Steels Limited Director
3. Lucky Cement Limited Director
4. National Refinery Limited Director
5. Packages Limited Director
6. Pakistan Oil Fields Director
7. Attock Refinery Limited Director
Unlisted Companies
8. FFC Energy Limited Director
9. CAS Management (Pvt) Limited Director
Non-Profit Organization
10. Islamic International Medical Trust Director
11. High Altitude Sustainability Trust Director

Mr. Sadeq Sayeed – Director

Mr. Sayeed was elected as a Non-Executive Director on the Board of the Bank in March 2008, was also re-elected as a Non-Executive Director by the shareholders of the Bank in August 2011 and August 2014 and has held this position since then. †He is also member of the Risk and HR Committees of the Board.†Mr. Sayeed was appointed as Chairman of Metage Capital Ltd., an investment firm based in London, in March 2011. †Prior to this, Mr. Sayeed was the CEO of Nomura International from 2008, having joined the company in 2000 as Special Advisor. †This appointment followed the acquisition of the Lehman Brothers businesses in EMEA and Asia in which Mr. Sayeed played a key role. †In addition, he was the Chairman of both the European Management Committee and the European Capital Commitments Committee at Nomura. †In 2011, Mr. Sayeed retired as CEO of Nomura.†Previously Mr. Sayeed had been responsible for a number of key strategic projects globally, including the creation of Terra Firma Capital Partners, a £2 billion private equity fund. †He was also responsible for creating the joint venture between Rothschild and Nomura, in respect of their global investment banking activities. †Mr. Sayeed has over 30 years of experience in investment banking, including arbitrage trading, structured finance, fund management and financial advice. †He has previously served as Managing Director of Credit Suisse First Boston, where he spent 15 years, and served as a member of the Operating Committee. †Prior to his global investment banking career, he was Consultant to the World Bank in Washington DC. †Mr. Sayeed holds an under-graduate degree in economics with concentration in electrical engineering, from Massachusetts-Institute of Technology (MIT), as well as a Master`s degree in finance from MIT`s Sloan School. †Mr. Sayeed is an Associate Scholar at Pembroke College, Cambridge. †He is also an Adjunct Professor at Imperial College Business School, in London. He currently holds the following positions:

  • Metage Capital Limited - Chairman†
  • Sinthos Capital Advisors LLP - Partner

Mr. Talha Ahmed Saeed - Executive Director

Mr. Talha Saeed was appointed as an Executive Director on the Board of Silkbank in April 2015. He has over 27 years of experience at senior positions in leading financial institutions. He has held a number of important appointments in NDFC, ANZ Grindlays Bank, Union Bank and Standard Chartered Bank. He is presently Executive Director / Group Head of Retail Banking looking after Branch Banking, Consumer Assets and Small and Medium Enterprises Business. Previously he has been Country Head Small & Medium Enterprises Group, General Manager Small & Medium Enterprises and Regional Head of Retail Banking. Apart from holding above appointments he was also a Member of the Senior Management Committee in Standard Chartered Bank.

In addition to the above, Mr. Saeed has been regularly attending many training courses and workshops in Pakistan and abroad. Off and on he has been attended conferences on SME’s, organized by International Finance Corporation (IFC). He is a certified trainer of IFC on SME banking. Some of his major achievements during his career are, pioneering programmed based lending to SME’s in Pakistan. Setting up SME businesses from scratch in three banks. Setting up consumer business in Silkbank. Besides these core responsibilities, he is also a member of the following senior management policy forums of the Bank.

  • Senior Management Committee†
  • Asset and Liability Committee (treasury)†
  • Senior Human Resource Committee†
  • IT steering committee†
  • Market Risk Committee†
  • Acting CEO in the Absence of CEO
Mr. Saeed holds a Masters degree in Economics from Quaid-e-Azam University, Islamabad and is a Commerce graduate from Hailey College of Commerce. He is a fellow member of the Institute of Bankers in Pakistan and a Certified Director on the panel of Pakistan Institute of Corporate Governance. He is also a trainer for National Institute of Banking and Finance and State Bank of Pakistan for Small & Medium Enterprises Business. He has also conducted training on SME’s in Islamic banking.

Mr. Shamsul Hasan - Director

Mr. Shamsul Hasan was appointed by the Board as a Non-Executive Director on the Board of the Bank in November 2012 and was re-elected as an Independent Director by the shareholders of the Bank in August 2014 and has held this position since then. He is also the Chairman of the Risk Committee of the Board. Mr. Hasan is a senior investment and corporate banker. Prior to his joining the Bank, Mr. Hasan was the Managing Director and Chief Executive Officer of Pakistan Kuwait Investment Company (Pvt.) Ltd., a joint venture of Governments of Pakistan and Kuwait, from November 2008 till August 2011. Through his dynamic leadership, he completely turned around the company into a profitable organization. In 2011, Pakistan Kuwait Investment Company was given a Credit Rating of “AAA” by two independent credit rating agencies; it also achieved a very high Corporate Governance Rating. Mr. Hasan has also worked as the Country Head of Corporate & Investment Banking Group of the then Saudi Pak Commercial Bank Limited. He has over 33 years of banking experience with other local and international banks, and has a proven track record of over 20 years experience in senior management. He is a graduate of Pakistan Military Academy, Kakul. Mr. Hasan has extensive banking training and has attended various international management development programs, conducted by INSEAD France, National University of Singapore, Institute of Islamic Banking London and Euro Money London.

Mr. Adnan Afridi – Director

Mr. Adnan Afridi was elected as a Director on the Board in August 2014. He is also member of the Audit Committee of the Board. Mr. Afridi has served as Chief Executive – AVA Water; Managing Director, Pakistan – Start Consult; Chief Executive Officer/Secretary General – Overseas Investors Chamber of Commerce and Industry (OICCI) and Chief Executive Officer/Managing Director – Karachi Stock Exchange (Guarantee) Limited, Karachi. He is currently working as Chief Executive Officer, Tethyan Group. Prior to join Tethyan Group, he has also served as Senior Advisor to Board Strategy and Investor Relations in Silkbank Limited.

Mr. Afridi holds J.D. (Juris Doctorate) degree from Harvard Law School Cambridge, MA, USA. Mr. Afridi has 18 years international experience in change management, business transformation, innovation and profitability in blue chip companies, private-sector and start-up situations. He had also International work experience in USA, EU (UK, Italy, Turkey, France) and UAE.

Mr. Khalid Aziz Mirza – Director

Mr. Khalid Aziz Mirza was elected as an Independent Director on the Board in August 2014. He is also a member of the HR Committee of the Board.

Mr. Mirza has a Masters of Commerce (M.Com) degree from University of Punjab, Lahore, Pakistan.

Mr. Mirza has served at various positions in Investment Corporation of Pakistan (ICP), Credit & Finance Corporation – London; International Finance Corporation (IFC) (Member, World Bank Group) and The World Bank - Washington DC, USA. Besides this, he also served as Chairman - Securities & Exchange Commission of Pakistan (SECP); Chairman and Chief Executive - Monopoly Control Authority, GoP; Chairman and Chief Executive – Competition Commission of Pakistan and Member – Competition Appellate Tribunal. Mr. Mirza is Professor of Practice currently in Lahore University of Management Sciences (LUMS), Pakistan. Mr. Mirza is also Independent Director/Chairman on the Board of Primus Investment Management and Independent Director of the Board Mediterranean and Gulf Insurance and Reinsurance Co. B.S.C., Bahrain.

Mr. Azmat Tarin – President & CEO

Mr. Tarin is the President & CEO of Silkbank since October 2008. Prior to that , he was the Executive Director in Silkbank. He is also member of the HR Committee of the Board. Mr. Tarin is a career banker with an experience of over 25 years. He started his career in Branch Operations in Lincoln Savings, California, in 1989.

Subsequently, he moved to Saudi American Bank in Riyadh, where he was involved in a project of centralizing operations. He has also attended the Management Associate Program at the Saudi American Bank. His first banking assignment in Pakistan was with Union Bank Ltd. from 1999 to 2006 as Head of Retail Banking, where he was a part of the core team that turned the bank into one of the most profitable banks of the country. In addition, he served on the Board of Union Leasing from 2001 to 2006. Mr. Tarin is also serving as a Director of Sinthos Capital Holding Ltd.

Mr. Tarin is a Master of Business Administration (MBA) in Management Sciences from Pepperdine University, Los Angeles, California.

Mr. Nasim Beg – Director

Mr. Nasim Beg was co-opted as the nominee Director of M/s. Arif Habib Corporation Limited, on the Board of the Bank on January 18, 2016 and was cleared for the directorship by the State Bank of Pakistan in April 2016. Mr. Nasim Beg, a Fellow Member of the Institute of Chartered Accountants of Pakistan, is the Chief Executive Officer of Arif Habib Consultancy (Pvt.) Limited along with being the Vice Chairman of MCB-Arif Habib Savings & Investments Limited, an Asset Management Company that was conceived and set up by him and which he headed as Chief Executive till June 2011. Mr. Beg has over forty-five years of experience in the business world including industry and the financial services (in and outside the country).

Before joining the Arif Habib Group, Mr. Beg served as the Deputy Chief Executive of NIT, which he joined during its troubled period and played an instrumental role in its modernization and turn around. He also served as the acting Chief Executive of NIT for a few months. He has also been associated at top-level positions with other asset management and investment advisory companies.

Mr. Beg has also held senior level responsibilities in the automobile industry. During his tenure as the Chief Executive of Allied Precision (a subsidiary of the Allied Engineering Group), he set up a green field project for the indigenous manufacture of sophisticated components for the automotive industry under transfer of technology licenses with Japanese and European manufacturers. His initiation to the financial services business was with the Abu Dubai Investment Company, UAE, where he was a part of the team that set up the company in 1977. He has also been a member of the Prime Minister’s Economic Advisory Council (EAC).

Other Corporate Responsibilities

  • Arif Habib Consultancy (Pvt.) Limited

As Director

  • Aisha Steel Mills Limited
  • Arif Habib Dolmen REIT Management Limited (Non-Executive Chairman).
  • MCB-Arif Habib Savings & Investments Limited (Executive Vice Chairman).
  • Pakarab Fertilizers Limited.
  • Pakistan Opportunities Limited (Previously: Pakistan Private Equity Management Limited).
  • Power Cement Limited (Non-Executive Chairman).
  • Safemix Concrete Products Limited.

Mr. Zubair Nawaz Chattha – Director

Mr. Zubair Nawaz Chattha has been associated with the family business since his early days. He bears an impressive profile detailing an unprecedented track record bedecked and evenly interspersed with illustrious achievements and services on various fronts during his professional career.

From his educational record to professional acumen, Mr.Zubair Nawaz Chattha stands out par excellence. After completing his B.A, he went for a graduation in law and completed his LLB in 1992. He also holds degree of LLM. On the academic front he has had renowned institutions among his alma maters, including University of Punjab, Lahore and Harvard Law School USA.

Mr. Zubair Nawaz Chattha belongs to a business family owning businesses with the brand name “Gourmet” in Pakistan. After completing his education, he joined his family business with his father and brother. At the time Gourmet was operating with sweets and bakers retail shops in Lahore and 03 production units. He introduced the idea of production of carbonated soft drinks under the brand name Gourmet. It was a tough decision to compete well established brands in the Soft drink industry. It was his vision and commitment through which he was able to introduce Gourmet brand as an alternate option in the beverage industry which was previously dominated by Multinationals.

He managed the portfolio of food related items and promoted the Family brand “Gourmet” by introducing marketing and integration strategies. He was instrumental in setting up dairy and confectionary units and acquiring a sugar mill. He also introduced and promoted the “Conglomerate Diversification” by venturing into other business including Gourmet Petroleum, investment in banking sector through equity investment in Silkbank where the group holds 12.5% of the bank’s paid up capital. And acquisition of News TV channel. His vision is to introduce “Gourmet” worldwide as a Pakistani Brand. He is at present planning to expand the business in UK and UAE.
Mr.Zubair joined Police Service Pakistan (PSP) through qualifying the competitive examination in 1995. After completing the training for PSP he remained posted on various sensitive positions. All these public sector positions required highest level of administrative capabilities. Mr. Zubair demonstrated extraordinary skill and expertise in handling complex situations on these assignments. During his service he remained on leave in different periods for attending to the new gourmet projects. He resigned from government service and his resignation accepted w.e.f August 1, 2016.