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Jameel Ahmad appointed as SBP Governor

Jameel Ahmad appointed as SBP Governor

Jameel Ahmad appointed as SBP Governor

Mr Jameel Ahmad has been appointed as SBP Governor.

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ISLAMABAD: The federal government has appointed Mr Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP).

He was previously serving as the central bank’s deputy governor since October 2018. A notification has been issued in this regard on the appointment of Jameel Ahmad for a period of five years.

“In exercise of powers conferred under Section 11A(1) read with Section 14(1) of the State Bank of Pakistan (SBP) Act 1956 (Amended 2022), Jameel Ahmad is appointed as Governor State Bank of Pakistan for a term of five (5) years with the approval of the President of Pakistan, upon the recommendation of Federal Government,” read notification by the Finance Division.

The post fell vacant in May after former SBP governor Reza Baqir’s term ended. The government decided against extending his tenure. Following Baqir’s exit, senior deputy governor Murtaza Syed assumed the position of acting governor.

Mr Jameel Ahmad’s illustrious career as an accomplished central banker spans over thirty years working at senior positions at the State Bank of Pakistan and the Saudi Arabian Monetary Agency (SAMA).

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He has served as the SBP’s Deputy Governor and Executive Director, Banking Supervision Group and Financial Stability. He has also served as Group Head, Operations, Banking Policy & Regulations, Development Finance, and Financial Resource Management.

Mr Ahmad has served as member of SBP’s Monetary Policy Committee and various other management committees. He also represented SBP on two international committees including Financial Stability Board (FSB)’s Correspondent Banking Coordination Group and the Basel Committee on Banking Supervision (BCBS)’s Task Force on Prudential Treatment of Assets.

Mr Jameel Ahmad did his MBA from University of Punjab at Lahore and is a Fellow Member of the Institute of Cost & Management Accountants of Pakistan (FCMA), an Associate Member of the Institute of Bankers Pakistan and a Fellow Member of the Institute of Corporate Secretaries of Pakistan (FCIS).

 

 

 

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