The Board of Directors of United Bank Limited (UBL) meeting was held on 06 May 2020 in which the company has decided to appoint Mr. Shazad G. Dada as President & CEO of UBL with effect from 01 July 2020 for a term of 03 years.
Shahzad G. Dada is a businessperson who has been at the head of 5 different companies. Presently, Mr. Dada is Chief Executive Officer & Executive Director at Standard Chartered Bank (Pakistan) Ltd. He is also on the board of Securities & Exchange Commission of Pakistan, AIESEC (Pakistan), Developments In Literacy and British Business Centre.
As per the notification issued to PSX, the appointment is subject to the approval of the State Bank of Pakistan and compliance with all applicable laws, rules, and regulations in this regard.
The Board has further decided that Ms. Sima Kamil who is completing her 3 years term on 31 May 2020 will continue to perform as President & CEO till 30 June 2020.