Karachi, March 28, 2024 – The Pakistan Banks Association (PBA) has announced the appointment of Muneer Kamal as its new Chief Executive Officer (CEO) and General Secretary, effective April 1, 2024, succeeding the longstanding CEO & Secretary General, Tawfiq A. Hussain.
In a statement released on Thursday, the PBA expressed its gratitude to Tawfiq Hussain for his more than a decade of meritorious service to the association. Hussain’s strategic vision and unwavering commitment have significantly contributed to the growth and success of the PBA, positioning it as a leading industry body in Pakistan.
Following Hussain’s retirement, the PBA Executive Committee unanimously selected Muneer Kamal as his successor. With over four decades of extensive banking experience, Kamal brings a wealth of expertise and insight to the role. His illustrious career in banking and financial services began with Citibank Pakistan and has since included leadership positions in various financial entities, including President & CEO of Faysal Bank and Union Bank. Kamal holds an MBA degree from the Institute of Business Administration, Karachi.
Kamal’s impressive corporate governance portfolio includes chairing prominent organizations such as the Pakistan Stock Exchange and the National Bank of Pakistan. He has also served as a director on the boards of Engro Corp, DH Corp, Infra Zamin Pakistan, GSK Pakistan, Jubilee Life Insurance, and the National Clearing Company of Pakistan (NCCPL). Additionally, Kamal is a member of the Board of Governors of the National University of Medical Sciences.
Zafar Masud, Chairman of the PBA, expressed confidence in Kamal’s leadership abilities and understanding of the banking landscape. Masud welcomed Kamal as the new CEO & Secretary General, emphasizing his demonstrated leadership and deep industry knowledge. The Executive Committee also extended its gratitude to Tawfiq Hussain for his exemplary service and wished him success in his future endeavors.
Muneer Kamal’s appointment as CEO marks a new chapter for the Pakistan Banks Association, with expectations of continued growth, innovation, and excellence under his leadership. As the banking sector navigates through evolving challenges and opportunities, Kamal’s experience and vision are poised to drive the PBA forward in fulfilling its mission of promoting banking excellence and advancing the interests of its members and stakeholders.
