He will replace Kalim-ur-Rahman who has served the bank since 2019 as the Chairman and remained part of the bank as director and CEO for over one decade.
As per stock exchange filing, the appointment of the new chairman of JS Bank’s board of directors is subject to fit and proper test clearance of the State Bank of Pakistan (SBP).
Matcheswala is a “respected and seasoned banker with several years of diverse experience with leading global banks in Pakistan and overseas.”
Mr Adil remained part of the board as the non-executive director since 2012. He is the CEO and founding Director of Speed (Private) Limited, a retail and distribution company working with leading international brands such as Nike, Adidas, Under Armour, Tag Heuer, Charles & Keith, Pedro, and Timex.
Matcheswala graduated from Brown University with an A.B. in Economics. He started his professional career in the financial services industry in 1992 and was the Head of the Equity Sales Division of Jahangir Siddiqui & Co. Ltd. (formerly Bear Stearns Jahangir Siddiqui Limited). He has previously served as the Chairman of the Board and Chairman of the Audit Committee of JS Global Capital Ltd. as well as a Director of JS Value Fund. He is also a member of the Board’s Audit Committee and HR, Remuneration & Nomination Committee of the JS Bank.
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