M.U.A. Usmani appointed as the Acting President of MCB Bank.
KARACHI , June 10, 2010 (Frontier Star): Atif Aslam Bajwa,
President and Chief Executive Officer of MCB Bank, completes his term as
on June 11, 2010. Owing to some personal reasons he did not seek renewal
of his contract. He informed the Board of Directors about his decision
on June 1, 2010. The Board has reluctantly accepted his request and in
doing so recorded its appreciation for the contribution made by Mr.
Bajwa during his term as President and Chief Executive Officer of the
Bank. M.U.A. Usmani, Group Head Treasury and Foreign Exchange Operations
of MCB Bank has appointed by the MCB Board as Acting President effective
from June 12, 2010. His appointment has been made till such time the
Board selects a suitable candidate for appointment as the President and
Chief Executive Officer of the Bank, with due approval of the State Bank
of Pakistan. It may be noted that Usmani has had a long association with
MCB Bank and has vast experience in commercial banking.
(THROUGH ASIA PULSE)