Karachi: The State Bank of Pakistan has approved the appointment of a new board of directors for Standard Chartered Bank (Pakistan) Limited. According to a letter dated April 29, 2025, the central bank has granted Fit & Proper Test (FPT) clearance, permitting the appointment of several key figures to the bank's leadership team.

The newly approved board comprises seven directors, including Mr. Rehan Muhammad Shaikh, who will serve as the Chief Executive Officer and an Executive Director. Mr. Christopher Parson has been appointed as the Chairman and a Non-Executive Director. The board also includes Ms. Rola Abu Manneh and Mr. Sheikh Jobe, both as Non-Executive Directors.

Additional appointments include Mr. Ehsan Ali Malik, Mr. Badaruddin Fatehali Vellani, and Mr. Ghiasuddin Khan, all serving as Independent Non-Executive Directors. These appointments are expected to shape the strategic direction and governance of the bank.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate Holders of the Exchange have been advised to take note of these developments. The changes follow the necessary regulatory approvals and are part of the bank's ongoing efforts to strengthen its corporate governance framework.

The appointments are part of a broader strategy to enhance the bank's operational efficiency and market position within the designated market category. The newly formed board is anticipated to bring diverse expertise and insights, which are critical for navigating the complex banking landscape in Pakistan.