Karachi: Shazad Dada, the new Chief Executive Officer of Standard Chartered, has taken charge of his responsibilities. Shazad joins from Barclays Bank Pakistan and is a seasoned banker and a prominent capital market professional with over 20 years of diverse experience with renowned financial institutions in the United States and Pakistan. Prior to working at Barclays, he spent more than 15 years at Deutsche Bank in New York where he specialised in the Mergers, Acquisitions and Corporate Advisory Group and was Head of Media M&A practice in the Americas. He then moved to Pakistan as Chief Executive Officer of Deutsche Bank in Pakistan.
Upon joining, Shazad Dada said, “Pakistan is well-placed to be a key market for Standard Chartered. As a leading International bank with a strong commitment to the country, we are well positioned to participate in the continued growth of the industry. I look forward to working with the team to deliver the quality of services that our clients have come to expect from us.”
The Bank in Pakistan has developed its franchise to the point where it is now amongst the top local players. Its journey of transformation in Pakistan has seen it grown to 116 branches in 22 cities of the country, employing a workforce of more than 4,000 people. Standard Chartered was the first international bank in Pakistan to receive an Islamic Banking license and to open Islamic Banking branches across the country.