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Pakistan's Habib Bank names new president, CEO

Pakistan's Habib Bank Ltd. appointed Muhammad Aurangzeb president and CEO of the bank.

The appointment is subject to approval from the country's central bank, according to a document recently obtained by S&P Global Market Intelligence. Aurangzeb will replace Nauman Dar, who retired from the role at the end of 2017.

Currently, Aurangzeb is CEO of global corporate bank Asia-Pacific at JPMorgan Chase & Co.