KARACHI: Naved A Khan has been appointed President and Chief Executive Officer of Faysal Bank, and will assume his responsibilities from the current month.

Naved brings with him more than 23 years of work experience in various senior management positions in corporate and investment banking. In his role as president & CEO of Faysal Bank, Naved will be responsible for leading the bank’s growth plans in Pakistan including the launching of new initiatives in areas of product development, system structures and network growth.

Prior to joining Faysal Bank, he was the CEO of ABN AMRO Bank since 2001 and was instrumental in developing and expanding Pakistan franchise. He also led ABN AMROís acquisition of Prime Bank in 2007, followed by a successful integration of both the entities. Before moving into his role as CEO at ABN AMRO, he was heading Corporate & Investment Banking at ABN AMRO since 1998.

Naved started his banking career with Bank of America in 1987 and held various positions with the bank in Karachi, Lahore and Islamabad, managing key Corporate and Government relationships. Naved held the position of Chairman, Pakistan Banks Association for two terms from 2006 to 2007. He is also the board member for various public sector entities.

Faysal Bank is one of fastest growing banks in the country, presently operating with 105 branches in 28 cities across Pakistan with a total asset base of Rs141 billion. It is a full service banking institution offering Consumer, Corporate and Investment banking facilities to its customers. The majority share holding of Faysal Bank is held by Ithmaar Bank BSC, an investment bank listed in Bahrain.