Announcement from Chairman of the Board - NIB Bank Ltd

08 January 2015

On behalf of the Board of Directors of NIB Bank Ltd. (NIB), I am pleased to announce the appointment of Mr. Atif R. Bokhari to succeed Mr. Badar Kazmi as President & Chief Executive Officer of NIB with effect from January 07, 2015.

Mr. Bokhari’s is one of the most prominent bankers in the country with a diverse and distinguished banking career, spanning over 31 years, of which 10 years were spent as President & CEO of UBL.

Mr. Bokhari started his Banking career with Bank of America in 1985 and after spending 15 years with BOA, he moved to Habib Bank Limited in International & Overseas Banking, before moving on to Corporate and Investment Banking, where he served till 2004. At that time, he managed the largest Corporate and Investment Banking portfolio in Pakistan.

In 2004, Mr. Bokhari joined United Bank Limited as President & CEO. Under his leadership, the Bank reached new heights, establishing new businesses in Insurance, Islamic Banking and Branchless Banking. During his 10 year tenure, he increased the bank’s profitability significantly and achieved outstanding growth on both assets and liabilities.

He also served as Chairman / Director in several UBL group companies, Karachi School of Business & Leadership, Linde (Pakistan) Limited and is a member of the World Economic Forum.

The Board welcomes him to our team and looks forward to his future contributions to NIB.

I would also like to take this opportunity to thank Mr. Kazmi for his invaluable contributions at NIB. It was through his efforts and commitment that the Bank achieved a significant turnaround in its financial performance. As a result of Mr. Kazmi’s contributions, the Bank is now well-placed to becoming ‘A high performance bank admired for Innovation, Customer Service and Inspired Employees’.

The Board and I wish Mr. Kazmi the very best in his future endeavours !

Roland Teo
NIB Bank Ltd.