One of the good news coming in these torrid times, is the appointment of Mr. Shahzad G. Dada as the President & CEO of United Bank Limited.
Shahzad G. Dada a seasoned banker is not new on leading positions, as he is currently President & CEO of Standard Chartered Bank in Pakistan and with that he also heads Overseas Investors Chamber of Commerce and Industry.
It would be very interesting to see how Shahzad G. Dada navigates a giant like UBL during such times. He is probably the best bet in the country for the Bestway Group, especially with his extensive understanding of international markets and foreign exchange transactions ; The backbone of UBL’s future business.
According to the notification issued by UBL to PSX, the appointment is subject to the approval of the State Bank of Pakistan and compliance with all applicable laws, rules, and regulations in this regard.
Board of Directors of United Bank Limited, who met on 06th May 2020 via video conference decided to appoint Shahzad G. Dada as President & CEO of UBL with effect from 01st July 2020 for a tenure of 03 years. The Board has further decided that Ms. Sima Kamil who is completing her 3 years term on 31 May 2020 will continue to perform as President & CEO till 30 June 2020.
