KARACHI: The Board of Directors (BoD) of MCB Bank, one of Pakistan’s leading commercial banks, has approved the appointment of Muhammad Nauman Chughtai as the new President and Chief Executive Officer (CEO).
MCB Bank made the announcement in a notice to the Pakistan Stock Exchange (PSX) on Wednesday, noting that Chughtai’s appointment follows the completion of Shoaib Mumtaz’s term on December 20, 2024.
Chughtai, currently serving as Group Head of the Risk Management Group at MCB, brings over 25 years of banking experience in risk management and corporate banking. He also sits on the board of MCB Bank Leasing Azerbaijan, a subsidiary of MCB Bank.
The appointment is subject to clearance of the Fit & Proper Test (FPT) by the State Bank of Pakistan (SBP). Until the test’s clearance, Chughtai will serve as Acting President for up to three months, starting December 20, 2024.
The BoD expressed gratitude for Shoaib Mumtaz’s contributions during his term and wished him success in future endeavors.
Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country,…
Thousands of Pakistani pilgrims may miss Hajj this year after members of the Hajj &…
Rickshaw drivers in Karachi staged a disruptive protest outside the Karachi Press Club on Monday,…
Pakistan’s Anti-Narcotics Force (ANF) has seized 200 kilograms of crystal meth, worth over Rs2 billion,…
Justice Mansoor Ali Shah, the most senior judge of Pakistan’s Supreme Court, has taken oath…
Pope Francis has died aged 88, the Vatican confirmed on Monday morning. The Argentine-born pontiff,…
This website uses cookies.
