Wajahat Husain named UBL's global president.
The UAE-based head of International Group at United Bank Limited (UBL) has been elevated as the global president of one of Pakistan's largest banks.
Chairman of UBL Sir Mohammed Anwar Pervez, OBE, who made the announcement on behalf of the board of directors, said: "We are delighted to appoint Wajahat Husain as the new president and CEO of UBL. He is a consummate banker with a proven track record of building businesses and driving performance. His appointment is a testament to the management depth within UBL and Bestway Group's commitment to succession planning."
According to the board of directors of UBL, Wajahat Husain's appointment is with effect from June 1, 2014, subject to State Bank of Pakistan and other regulatory approvals.
Husain is a well-known UAE-based banker and currently serves as the head of International Group at UBL. He has had a distinguished 30-year banking career both inside and outside Pakistan. He joined UBL in 2005 as head of Middle East and in 2010 was elevated to the position of head of International Group.
On his appointment, Husain stated: "It is a privilege to have been given the opportunity to lead an outstanding organisation like UBL. I am strongly committed to continuing our journey towards becoming a world class bank."
Zameer Choudrey, Bestway Group chief executive and UBL director, welcomed Husain to his new role and said: "The elevation of Mr Husain is part of Bestway Group's corporate culture of promoting from within and in recognition of his exceptional business leadership skills, the board has placed this responsibility on his shoulders."
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