Imran Maqbool, a former Bank of America’s official, took the held of the MCB Bank as the banks’ president and Chief Executive Officer, it emerged Tuesday.
After securing approval of the State Bank of Pakistan, Maqbool would be taking his new charge from the 22nd of this month, said a bank official.
“This is to inform you that State Bank of Pakistan has granted, in-principle, approval for the appointment of Mr. Imran Maqbool as President/CEO of
MCB Bank Limited,” Abdus S. Sami, MCB’s company secretary, told the bank’s shareholders at the country’s three stock exchanges.
Subject to compliance with applicable laws, rules and regulations, the appointment of Maqbool was also notified to the London Stock Exchange.
Maqbool holds a MBA degree from IBA Karachi and MS in Management from Sloan School of Management, MIT (USA).
He started his career from Bank of America, where he worked at various positions in Relationship Management, Corporate and Investment Banking, over a period of 15 years. He moved on to Citibank to work as Regional Head Corporate Banking in Pakistan.
He has been a part of MCB for the last eight years. During this period, he worked as Corporate Head North before moving to Colombo where he was responsible for managing MCB’s Sri Lanka Operations.
In Pakistan, he managed the Islamic Banking and Special Assets Management Group. Before becoming president, he was serving as Group Head Commercial Banking, MCB Bank.
