Badr Al Islami, the recently launched Islamic finance subsidiary of Mashreqbank, has appointed Mubashar Khokhar as its CEO.
An experienced banker, Khokhar has 23 years of experience in the banking industry, managing businesses in over 15 countries including GCC and Emerging Markets. He has occupied several senior managerial positions in Mashreqbank over the past 12 years, achieving great results for the bank, and is also on the Board of Directors of a bank in Pakistan. Prior to that, Khokhar has worked for the Bank of America, Pakistan for seven years and for American Express Bank (Pakistan and New York) for six years.
“We warmly welcome Khokhar to Badr Al Islami. With a wealth of experience behind him, his expertise and leadership skills will be an advantage to the functioning of our new subsidiary. In addition, his knowledge of the international banking industry will aid our expansion plans,” said Abdul Aziz Al Ghurair CEO of Mashreqbank.
Khokhar joins Badr Al Islami with proven expertise across the full spectrum of the banking industry and its developments.
“I am delighted to be part of Badr Al Islami. A part of a successful banking enterprise like Mashreqbank, Badr Al Islami already has an advantage while making a mark in the industry. I look forward to firmly establishing it as a formidable subsidiary by attaining all our set goals. We also have plans for elevating the standards of Islamic banking in the region with high-class service and customer care,” Mubashar Khokhar said.
