SAEED AHMAD ASSUMES CHARGE OF DEPUTY GOVERNOR, STATE BANK OF PAKISTAN

Government of Pakistan increased number of deputy governor (DG) State Bank of Pakistan (SBP) and appoint Saeed Ahmad as third deputy governor of the central bank. SBP announced  

Federal government issued the notification of appointment of Saeed Ahmad as deputy governor State Bank of January 20, 2014. And today he assumed the charge. According to the notification Saeed Ahmad appointment is for the 3 years and will be extended further. No additional benefits given to newly appointed DG.  Saeed Ahmad has same terms and conditions as approved for the two present working Deputy Governors, SBP.

According to sources in central bank newly appointed DG will be looking after development of Islamic Bank and Riba free financial system.  

 

SBP announcement says that Saeed Ahmad has rich international bank experience in development finance, investment and Islamic Banking.

Saeed brings 45 years of commercial & investment banking experience to his new assignment. Prior to joining SBP, he was serving as Managing Director of  a Care Home Group in England since July 1995.

Saeed started his career with Prudential Corporation, London as Actuarial Trainee in December, 1969, qualified as a fellow of Institute of Actuaries, London in October, 1974 and last position was deputy Manager. He was also attached with Chase Manhattan Bank/ SIBC Riyadh as Assistant Manager from January 1980 to December, 1981.

 Saeed served as Manager Corporate Finance and International in Kuwait Asia Bank, Bahrain from January, 1982 until April, 1985. From April 1985 to January 1989 worked as Assistant General Manager- Head of Treasury, Credit and Marketing in Union de Banques Arabes et Francaise, subsidiary of UBAF in Bahrain.

He had been associated with Faysal Islamic Bank of Bahrain-Manama, Bahrain as Asst General Manager Treasury & Product Development from February, 1989 to March, 1990. He also served as Vice President Finance & Chief Financial Officer in a multinational big group in Jeddah since March, 1990 to July, 1995.

Holding Masters Degree in Finance & Accounting from London School of Economics (LSE), Mr. Saeed has attended a number of seminars, conferences and courses abroad including Credit Evaluation Program at Chase Manhattan, Islamic Banking Products Development at Morocco and International Growth in Islamic Banking in Bangladesh conferences etc.

 Saeed has extensive knowledge of credit analysis, investment, and evaluation of Assets and structuring of facilities. Well conversant with Islamic modes of finance, he has extensive experience of treasury services.