“Kotwal has received…clearance from the State Bank of Pakistan (regulator),” HBL Company Secretary Nausheen Ahmad said in a notification to the Pakistan Stock Exchange on Monday. HBL is undergoing a major reshuffle at the top managerial level since the announcement of Dar’s retirement. He has served on senior positions in Citibank NA and is a former governor of the State Bank of Pakistan. Moreover, Sagheer Mufti would join HBL as the chief operating officer with effect from January 8, 2018, the announcement said. “In his last assignment with the Citigroup, Mufti was Citibank’s Global Head for Anti-Money Laundering Operations,” the HBL company secretary said in a previous notification.

Source: The Express Tribune December 05, 2017 02:48 UTC