RECORDER REPORT

KARACHI: President and Chief Executive Officer (CEO) Faysal Bank Limited (FABL) Nauman Ansari has resigned as its tenure was completed.

According to bank’s announcement, upon the completion of the term of Nauman Ansari President and CEO Faysal Bank Limited, the board of directors in its meeting held on May 15, 2017, has appointed Yousaf Hussain, Senior Executive Vice President (SEVP) and Chief Risk Officer FABL as the acting CEO of Faysal Bank subject to regulatory approvals.

Newly appointed acting president Yousaf Hussain, having over 22-year of professional experience, is working with Faysal Bank since August 2008.

Nauman Ansari was appointed President and CEO Faysal Bank on May 12, 2014 for a period of three years. Reportedly, the management of FABL was willing to extend his tenure; however he was not agreed on term and conditions.