Sunday, March 27, 2011
Mr. Muneer Kamal, the Chairman of Karachi Stock Exchange, has over 31 years of extensive experience in banking and financial sector. His career started with Citibank where, between November 1979 and July 1994, he served locally and internationally on various senior positions including his term as Director, Head of Country Public Sector and Financial Institutions. During this association, he also attended a number of training courses/ programs in Far East, Middle East and Africa.
Mr. Kamal then joined Faysal Bank Limited as President/CEO and lead to spread out its operations from 3 branches to 11 and also expanded the balance sheet size from Rs.3 billion to Rs.30 billion.
Mr. Kamal also held position of President/CEO, and then as Vice Chairman and Chief Operating Officer (International) of the Union Bank Limited, where he had been instrumental in various acquisitions done by Union Bank Limited i.e. Bank of America, American Express Credit Cards, Emirates Bank International and Mashreq Bank, Sri Lanka. As a result, Union Bank appeared as a success story and was ably acquired by Standard Chartered Bank.
After his stint with Union Bank, Mr. Muneer Kamal, an MBA from University of Karachi, began his current association with KASB Group - first as President/CEO of KASB Bank Limited from November 2005 to August 2010 and now as Vice Chairman of the Group. For KASB Bank, he again oversaw the manifold expansion of operations coupled with acquisition of other entities and introduction of new and modern products, services, policies, procedures and systems. As Vice Chairman of KASB Group, he is responsible for business development and growth of group entities along with the strategic relationship with affiliates. As such, the Presidents/CEOs of all group companies report to him.
Mr. Muneer Kamal also holds positions as Chairman of Pakistan Export Finance Guarantee Agency Limited, as Member - Resource Committee of Aga Khan University, and as Trustee of Shaukat Khanum Memorial Cancer Hospital & Research Centre. He is Director of Asia Care and New Horizon Exploration & Production Limited. He is also on the Board of National Industrial Parks Development and Management Company.
Besides holding the position of Chairman, Mr. Muneer Kamal is also the Chairman of Human Resources Committee and Defaulters' Committee of KSE's Board.