According to the official notification issued to the Pakistan Stock Exchange, Askari Bank has appointed Bokhari as Chief Executive Officer and Chairman, and he will take office from 1 September 2021 for a period of three years.
Bokhari is a professional banker having 32 years of experience in national and international banking. He had served as Chairman and Chief Executive Officer of United Bank Limited for more than a decade, and during his tenure, the bank had continuous expansions and sustainable financial performance.
He had led NIB Bank as its top banker from 2015 to 2017 and had played a pivotal role in its merger with MCB Bank. After that, he, along with two large business groups in Pakistan, formed the first private sector home finance company.
Abid Sattar to Leave Askari Bank Limited
Outgoing Askari Bank CEO and Chairman Abid Sattar will successfully complete his tenure on August 8, packed with outstanding achievements and valuable experience.
The Board of Directors did not hire him as president and CEO of the bank for the next term despite his important services, but appreciated his role in leading the bank. Sattar’s age could be a factor for the interruption of his services, a fact that cannot be ruled out according to the rules and regulations of the banking sector.