ID :
168470
Tue, 03/15/2011 - 18:56
Auther :

Abu Dhabi Group Appointed Atif Bajwa as President

Islamabad/Dubai, March 15, 2011 (PPI): HH Sheikh Nahyan Bin Mubarak Al Nahyan, Chairman of the Abu Dhabi Group, announced today the appointment of Mr. Atif Bajwa as President of the Abu Dhabi Group, Pakistan. Mr. Bajwa will be responsible for overseeing the Group’s diverse investments in Pakistan and for driving them for profitable growth and maximum return to the shareholders. He will also play a role in overseeing some of the Group’s international assets.

Mr. Atif Bajwa has over 28 years of international management experience and has worked in Europe, the US, the Far East, the Middle East and Pakistan. Having started his career in Citibank Karachi as a corporate banker in 1982, he handled different assignments with Citi in Pakistan, New York and Bahrain. He joined ABN AMRO Bank and was appointed Country Manager of Pakistan in 1995.

In 1998, he moved to Singapore as the Consumer Banking Head for Asia Pacific and subsequently was assigned as an EVP at ABN AMRO’s Head Office in Amsterdam. In mid 2001, he returned to Citibank as the Regional Head for Central and Eastern Europe. In 2005, he moved to Dubai with Mashreqbank to run the Retail Banking Group. He returned to Pakistan in 2007 as President and Chief Executive Officer of MCB Bank Limited and stayed in that position until June 2010. He had most recently taken up a position to head Soneri Bank as CEO.

Mr. BajwaÎs appointment is part of the Abu Dhabi GroupÎs restructuring of its investments globally and in Pakistan. This is an important move to strengthen management and supervision of businesses. The GroupÎs commitment to Pakistan was recently emphasized by His Highness Sheikh Nahyan Bin Mubarak Al Nahyan in his press statement in January.

The Group remains steadfast in its support to all its investments in the country and His Highness is very focused on the interests of customers and employees, and is committed to making all Group companies among the finest institutions.

His Highness reiterated: ôOur Group is committed to providing the resources necessary for the highest quality of operations.

By this appointment today we renew our commitment to the people of Pakistan that we will honor their trust with continued hard work and dedication. Mr. BajwaÎs appointment further expresses my great confidence in our vision, in our strategies, and in our plans for the near future of our participation in the Pakistani economy. We are confident in our ability, God willing, to make this intended future a reality.

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