Qamar appointed as acting NBP President

KARACHI: The Ministry of Finance has announced the appointment of Qamar Hussain, Chief Operating Officer, NBP, as President, National Bank of Pakistan, on 'acting charge basis', with immediate effect, through a notification issued on Sunday.

Qamar Hussain, prior to joining NBP in 2009, had worked with American Express Bank as Senior Director, Global Credit, New York, and earlier as Country Manager, Bangladesh.

He had also been associated with Chase Manhattan Bank, in Pakistan and USA. Qamar is a distinguished banker and brings with him rich experience in various aspects of banking, particularly in Corporate Finance, Credit/Risk Management, and has excelled in strategic planning and business management.

During his tenure with NBP, he has made significant contribution in reorganising the field structure throughout the country, strengthened credit and risk function, reorganised Corporate and Investment Banking Group, streamlined performance management processes and, as a member of the bank's strategic planning team, has initiated business and other changes for further strengthening the organisation.

Qamar Hussain holds an MBA degree from McGill University, Canada, and has undergone extensive training in business leadership abroad.