Standard Chartered Bank (SCBPL) has informed the Pakistan Stock Exchange that CEO, Shahzad Dada, has decided to step down from his post.
According to the official statement, Mr. Dada has resigned to “pursue opportunities outside the Standard Chartered Group.”
The SCBPL has accepted his resignation. Mr. Dada had been the CEO of the bank since 2014. During his career, he occupied the position of Chairman at Pakistan Mercantile Exchange Ltd., MD, Chief Country Officer & Head-Global Banking at Deutsche Bank AG (Islamabad Branch), and Chief Executive Officer & Managing Director at Barclays Bank Pakistan.
He was also the Managing Director-Mergers & Acquisitions at Deutsche Bank Securities, Inc., Chairman at Pakistan Banks’ Association, Vice President & Council Member at The Institute of Bankers Pakistan, and Director-Governors Board at The British Overseas School.
Mr. Dada has an undergraduate degree from the University of Pennsylvania and an MBA from The Wharton School of the University of Pennsylvania.
We wish Mr. Dada all the very best in his future endeavors.
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