How many of you know this?????


Politcal Worker (100+ posts)

I am not here to promote any bank.. BUT it is important that we should know that SAMDIII sb (Ishaq Dar) is owner of this bank called SILK BANK

Don't we have the write to ask how come he can run his own bank while he is in politics..


From where he manage to get billions to have his own bank
Last edited by a moderator:


Chief Minister (5k+ posts)
Mr. Azmat TarinPresident & CEO
Mr. Muhammad Saqib PalChief Risk Officer
Mr. Goharulayn AfzalGroup Head Operations, IT & Productivity
Mr. Jamil A. KhanGroup Head Compliance, Legal & Internal Control Division
Mr. Talha SaeedGroup Head Retail Banking
Mr. Mian Asif SaidGroup Head Wholesale Banking
Mr. Aurangzeb AfridiGroup Head Customer Satisfaction & Quality
Ms. Asma ShaikhGroup Head Human Resources
Mr. Kasim Feroze KhanGroup Head Special Assets Management & Other Real Estate Owned (OREO) Properties
Mr. Ammar Ali ZaidiHead of Finance (CFO)
Mr. Uzman Naveed ChaudharyCompany Secretary/Head of Investor Relations & Legal Affairs
Mr. Syed Jawaid AkhtarHead of Internal Audit
Ms. Sumbul MunirHead of Corporate Banking
Mr. Shuja Ahmed AlviHead of Investment Banking Group
Ms. Shafaq RahidHead of Customer Satisfaction & Quality
Mr. Naiyar Manzoor SaifiHead of Marketing Services and PR
Mr. Javed Yousuf EdhiHead of Information Technology
Mr. Sohail BashirCountry Head of Bank Operations
Mr. Abdul Mateen KhanHead of SME
Mr. Kamran BashirHead of Other Real Estate Owned (OREO) Properties
Mr. Farooq Nasim ButtHead of Middle Market
Mr. Junaed Rayaz ChaudhryHead of Consumer Risk
Mr. Shahram Raza BakhtiariHead of Consumer Assets
Mr. Syed Salman HasanHead of Credit Cards
Mr. Jawad Majid KhanHead of Islamic Banking


Chief Minister (5k+ posts)
[h=2]Board of Directors[/h]Mr. Munnawar Hamid OBE, ChairmanMr. Hamid’s experience of commerce and industry was gained while serving a major chemicals company as the Chief Executive and Chairman of a number of subsidiary companies of Global Corporations in Pakistan which includes ICI Pakistan and Pakistan PTA (now Lottee Pakistan PTA Ltd), as well as overseas in London where he served as a global Senior Corporate Planner for the Pharmaceutical, Agrochemicals and Seeds and specially Chemical Business and the American region of the ICI Group, and subsequently as Advisor to the CEO of ICI Plc London for South Asia. In addition to the Corporate Sector, he was associated with a number of Boards, high level consultative bodies, Public Sector Organizations, leading Advanced Educational Institutions, and the Financial Sector of Pakistan. He was appointed (Officer in the Most Excellent Order of the British Empire) OBE by HM the Queen for services to British interests and Economic Development in Pakistan in 1997. Mr. Hamid is a graduate from Punjab University and holds a Masters degree from Cambridge University, (Gonville & Caius College) UK and now has over 43 years of experience in the fields of business & corporate management and operations. Mr. Hamid is also currently serving on the Board of the following organizations.
  • Linde Pakistan Limited (formerly BOC Pakistan Ltd) - Chairman
  • The Agha Khan University, Karachi - Member Board of Trustee
  • Oxford and Cambridge Foundation - Trustee
  • The Aga Khan University - Gratuity Fund - Trustee
  • The Aga Khan University - Provident Fund - Trustee
  • The English Speaking Union of Pakistan - Vice President
Mr. Shaukat Tarin - Advisor to the ChairmanA senior banker with 35 plus years of International banking experience, Mr Shaukat, after 22 years with Citibank N.A, was responsible for turning around Habib Bank Limited from USD 23m loss making entity into an entity earning a profit of USD 30m in three years. He was also chairman and CEO of Union Bank in his last position. He built this bank from a balance sheet of USD 250m to USD 2.2bn and Profit after Tax from breakeven to USD 30m in 6 years. From October 2008 to February 2010 he remained the Minister of Finance, Economic Affairs and Planning of the Government of Pakistan and helped the country prevent an imminent default. His efforts stabilized the economy of Pakistan and growth rate was restored. His effort and the conduct in the government has drawn wide spread appreciation from both the international as well as domestic stakeholders/audience. Mr. Shaukat is also currently working in the following organizations:
  • Sinthos Capital Holding Limited (Mauritius) - Chairman
Mr. Azmat Tarin – President & CEOMr. Azmat Tarin is the President and CEO of Silkbank since October 2008. Prior to that, he served as an Executive Director until he was elevated by the Board of Directors to the position of President and CEO.

Mr. Azmat is a career banker with a work experience of over 20 years. He started his career in branch operations in Lincoln Savings in California in 1989.

Subsequently, he moved to Saudi American Bank at Riyadh where he was involved in a project of centralizing operations. He also attended the Management Associate program at the Saudi American Bank.

His first banking assignment in Pakistan was with Union Bank Limited from 1999 to 2006 as Head of Retail Banking where he was a part of the core team that turned around the bank into one of the most profitable banks of the country. In addition, he served on the Board of Union Leasing from 2001 to 2006.

In 2007, he along with Mr. Shaukat Tarin formed Sinthos Capital Advisors Pakistan Limited, the company that put together the consortium of international investors, that is, Bank Muscat, IFC and Nomura for the acquisition of Silkbank. He is also currently serving as Director of Sinthos Capital Holding Limited.

Mr. Azmat is MBA in Management Sciences from Pepperdine University in Malibu, California.
Mr. Humayun Bashir - DirectorMr. Humayun is a Certified Director under the IFC program. He has thirty-four years of diversified experience with IBM Pakistan and IBM Middle East (Dubai) in Sales, Technology Services, Financial sector, Government Sector & General Management. Mr. Humayun served last 12 years as CEO & Country General Manager IBM Pakistan. He has served on board of Export Processing Zone Authority and was the President of American Business Council in 2011. He is President of Overseas Investors Chamber of Commerce & Industries (OICCI) and serves on Institute of Business Administration (IBA) Advisory Council.

Mr. Humayun holds a Degree in Engineering and Business qualifications from IBA/Insead France. Mr. Humayun is currently serving in the following organizations.

  • IBM Pakistan & Afghanistan - Country General Manager
  • Linde Pakistan Limited (formerly British Oxygen Co. of Pakistan) - Director
  • Overseas Investors Chamber of Commerce & Industries - President
Mr. Javed Hamid – DirectorMr. Javed Hamid is a senior finance executive with a strong background in investing in emerging markets, negotiating investment agreements between governments and institutional investors, managing international investment portfolios, and providing technical assistance to developing countries. Mr. Hamid worked for nearly 30 years in the International Finance Corporation (IFC) of The World Bank Group, was Director for the East Asia & Pacific Region and a member of the Management Committee of IFC.

Mr. Javed is a graduate from Cambridge University, UK and MBA from Harvard University USA. His published works have appeared in the Asian Wall Street Journal, Far Eastern Economic Review and various academic journals. Mr. Javed is also currently serving in the following organizations:

  • International Executive Services Corps, USA - Senior Advisor
  • IGI Funds Limited, Pakistan - Chairman
  • IGI Insurance Ltd., Pakistan - Advisor
  • Lombard Thai International Fund Manager, USA - Director

Mr. Sadeq Sayeed – DirectorMr. Sadeq was appointed Chairman of Metage Capital Limited in March 2011. Prior to this, Mr. Sayeed was CEO of Nomura Europe, having joined the company in 2000 as Special Advisor. Mr. Sadeq has been responsible for a number of key strategic projects globally including acquisition of the Lehman Brothers businesses in EMEA and Asia, the creation of Terra Firma Capital Partners and the joint venture between Rothschild and Nomura. Mr. Sadeq has over 30 years of experience in investment banking. Prior to his global investment banking career he was Consultant to the World Bank in Washington DC.

Mr. Sadeq holds an undergraduate degree from Massachusetts Institute of Technology (MIT), as well as a Master’s degree from MIT's Sloan School. Mr Sayeed is a visiting Associate Scholar at Pembroke College, Cambridge and also Adjunct Professor at Imperial College Business School in London. He currently serves in the following organizations:

  • Sinthos Capital Advisors LLP - Partner
  • JS Investment Limited Non-Executive - Director
Mr. Arshad Ghafur – DirectorMr. Arshad Ghafur is a Managing Director in Nomura International’s Investment Banking Division, where he currently serves as CEO Qatar and Head of Global Finance for the Middle East & Africa. He joined Lehman Brothers in 1998, and moved to Nomura International following their acquisition of the Lehman Brothers’ businesses in 2008. In his role as Head of Global Finance, he is responsible for Nomura’s presence in Qatar, Equity Capital Markets, Debt Capital Markets, and Cross-Asset Derivative Solutions. He also sits on the Global Executive Committees for Global Finance and the Middle East. Prior to his current role in the Middle East, Mr. Arshad ran Lehman Brothers’ Capital Advisory Group for Europe, the Middle East, & Africa. Mr. Arshad has over 15 years of Investment Banking experience in securities trading, capital raising, structured funding, and risk mitigation, and has executed over 150 transactions for Sovereigns, Sovereign Wealth Funds, and Financial Institutions around the world.

Mr. Arshad holds a Bachelor of Science from the University of Pennsylvania, a Master of Science from the Lahore School of Economics and a Master of Science from the London School of Economics.
Mr. Tariq Iqbal Khan– DirectorTariq Iqbal Khan is the Ex-Chairman of National Investment Trust Limited. He has also served on various positions at FBR and SECP. Mr. Khan has also played a significant role at Pakistan Banks Association as Chairman. Mr. Tariq is a Chartered Accountant by qualification and has over 30 years of experience. He has served at the boards of various other banks and companies. Currently he holds directorship in the following organizations:
  • Attock Refinery Limited - Director
  • Fauji Energy Limited - Director
  • International Steels Ltd - Director
  • Gadoon Textile Mills Ltd - Director
  • Interstate Gas System Limited - Director
  • Pakistan Electric Agency (Pvt) Limited - Director
Mr. Burhanuddin Khan - Director

Mr. Burhanuddin Khan is a seasoned banker with a rich experience in consumer banking. Mr. Burhanuddin is a strategist and proven results–driven consumer banking manager with a strong ability for managing and communicating change, building new lines of business revenue, and building relationships with clients and colleagues.

Before being elected on the Board of the Bank, Mr. Burhanuddin was working as the Head of Retail Bank for UAE at Royal Bank of Scotland where he was responsible for franchise of the bank for UAE leading a headcount of 1200, totals assets and liabilities in excess of USD 680 million and funds of approximately USD 215 million. Mr. Burhanuddin also served as the Head of Consumer Banking UAE for Standard Chartered Bank and a Distribution Head for Citi Bank, Australia.

Mr. Burhanuddin holds an MBA from Golden Gate University, San Francisco, California, USA.
Mr. M. A. Mannan - Director

M. A. Mannan has over 20 years of banking experience locally and internationally. He has led, structured and turned around banks in the conventional and Islamic Banking spheres. He is currently Executive Director at Silkbank responsible for Islamic Banking.

Mr. Manan served as CEO of Dubai Islamic Bank from 2005-2010. He was responsible for launching the franchise in Pakistan. He led it to its current status of being the second largest Islamic bank in Pakistan. Prior to DIB, Mr. Mannan served as Deputy CEO of UBL. He started his career at Citibank (1991-2003). In his last assignment at Citibank he was based out of New York with a direct line responsibility to deliver $790 million revenue and $650 million in pretax profits by Cross Selling to customers across all Citibank Cards portfolios consisting of 93 Million customers.

He is also the chairman of the task force on Remittance to Pakistan. He envisioned and created Pakistan Remittance Initiative (PRI), a joint initiative of State Bank of Pakistan, Ministry of Overseas Pakistani’s and Ministry of Finance. Mr. Mannan holds an MBA from the Institute of Business Administration.


Chief Minister (5k+ posts)
[h=4]Consortium Partners[/h]
On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital led by senior banker Mr. Shaukat Tarin acquired the Bank. The website links of sponsors of the Bank are given below:

A member of the World Bank Group, fosters sustainable economic growth in developing countries

Largest bank of Oman with assets of over USD 15 billion, having significant presence in the Middle East.

A leading investment bank with network in over 30 countries and total assets of USD 221B. Recently acquired Lehman Brothers in Asia and Europe.
Sponsored Link