Mr. Saeed Ahmad

Mr. Saeed Ahmad

Mr. Saeed Ahmad is a Fellow of the Institute of Actuaries, London, He holds a Masters Degree in Finance & Accounting from the London School of Economics (LSE) and BSc (Hons) from Punjab University, Lahore with a gold medal. He also attended Senior Management Program of Harvard Business School at Boston, USA.

Mr. Saeed Ahmad has extensive Banking, Finance and Management experience of over 45 years. He started his career with Prudential Corporation, London in 1969 and then moved on to Banking and worked in SIBC Riyadh, an Associate of Chase Manhattan Bank, in Corporate Finance and as Head of Corporate Finance and International in Kuwait Asia Bank, Bahrain. Mr. Saeed Ahmad has worked as Head of Treasury, Credit and Marketing of Paris based Union de Banques Arabes et Francaise (UBAF) at Bahrain, a subsidiary of Credit Lyonnais, Paris for several years. He also headed Islamic Investment and Financial Products Group at Faysal Islamic Bank of Bahrain-Manama, Bahrain.

Mr. Saeed Ahmad has also worked in the corporate sector at senior executive positions such as Vice President Finance & Chief Financial Officer (CFO) at the biggest Saudi multinational group in Jeddah. Earlier, he was also heading a Group of companies in England.

He was appointed by the Federal Government as Chairman of the Steering Committee for the Promotion of Islamic Finance in December, 2013. This apex forum was responsible for developing a roadmap for Islamic Finance in the country.

Before joining NBP, as President on March 24, 2017 Mr. Saeed was serving at the State Bank of Pakistan (SBP) as Deputy Governor, from January 2014 to March 2017. At SBP he contributed as Chairman/member of several committees playing key role in decision making for the central bank. He chaired Banking Policy Committee, Investment Committee of the Management, Management Committee on Information Technology, Payment Systems Policy Committee. He was also a member of the Monetary Policy Committee and Monetary Operations Committee.

To meet the special skill requirements and develop human resources for an expanding Islamic Banking Industry, he played a pivotal role in the establishment of three Centers of Excellence in Islamic Finance in three leading universities of the country. With a focus on smooth flow of financial services to priority sectors including Agriculture, Warehousing Receipts, Microfinance, SMEs, low cost housing, Financial Inclusion, Digital Banking, Mr. Saeed Ahmad has played a key role in developing a number of innovative market instruments.

During 2014-17, Mr. Saeed Ahmed was Chairman of the Board of Directors of House Building Finance Company Ltd. (HBFCL), Pakistan Mortgage Refinance Company and EXIM Bank. He was member, Policy Board of Securities and Exchange Commission of Pakistan (SECP), State Life Insurance Corporation (SLIC) and Zarai Taraqiati Bank Limited (ZTBL). Moreover, he is a member of the Board of Governors as well as Board of Trustees of Pakistan Kidney and Liver Institute and Research Center, Lahore. Mr. Saeed Ahmad also chaired SAARC Payments Council, which is an international forum of SAARC countries to share experiences on payment systems.

Current Directorships & Offices:

  • Director, National Investment Trust Limited
  • Director, Fauji Oil Terminal & Distribution Company Ltd.
  • Member Executive Committee, Pakistan Banks Association
  • Member of the Council, The Institute of Bankers Pakistan
  • Trustee Member, Friends of IBA Trust (FIBAT)
  • Member, Karachi Education Initiative
  • Member, Karachi Council on Foreign Relations