Muhammad
Ali Gulfaraz becomes CEO of Dubai Islamic Bank
Dubai Islamic Bank Pakistan Limited
(DIBPL) has officially announced the appointment of Muhammad Ali Gulfaraz as
its new Chief Executive Officer, effective May 2, 2025.
Gulfaraz, a seasoned banking
professional with over 25 years of experience in international and domestic
financial markets, is tasked with driving the bank’s strategic vision,
enhancing governance frameworks, and accelerating its digital transformation
agenda.
Prior to joining DIBPL, Gulfaraz
served as Managing Director and CEO of the Bank of Khyber, where he spearheaded
comprehensive reforms in governance, operational efficiency, and digital
banking services. His leadership was widely credited with modernizing the
institution and improving its financial performance.
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His international career includes
senior roles at top-tier financial institutions. At Mizuho Corporate Bank in
London, he served as Managing Director and Head of Corporate & Investment
Banking for the UK, Ireland, and Nordic regions. He also spent over a decade at
Bank of America, where he held the position of Principal in Global Corporate
& Investment Banking, with earlier responsibilities in credit risk and
portfolio management.
Gulfaraz also brings strategic
investment expertise from his tenure as Executive Director at Fauji Foundation,
where he oversaw group strategy, managed investment portfolios, and served on
the boards of multiple affiliated companies.
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An alumnus of Cadet College Hasan
Abdal, Gulfaraz holds a Bachelor’s degree in Economics and a Master’s in
Agricultural and Managerial Economics with a finance focus from the University
of California, Davis. He has also completed executive programs in London,
Tokyo, and San Francisco.
His appointment is seen as a
strategic move by Dubai Islamic Bank to strengthen its leadership team and
expand its footprint in Pakistan’s competitive banking sector.
The bank expressed confidence that
Gulfaraz’s diverse experience and leadership capabilities will play a pivotal
role in guiding DIBPL through its next phase of growth and innovation.
Source: Profit Pakistan