Board of Directors | Summit Bank

Board of Directors

H.E Nasser Abdulla Hussain Lootah
Chairman & Director

Mr. Husain Lawai
Vice Chairman & Director

Mr. Ahsan Raza Durrani
Acting President & CEO / Director

Mr. Shehryar Faruque

Mr. Asadullah Khawaja

Mr. Md. Ataur Rahman Prodhan

Mr. Mohammad Faisal Shaikha

H.E Nasser Abdulla Hussain Lootah – Director & Chairman
H.E. Nasser Abdulla Hussain Lootah  is  the Chairman & founder of Nasser Abdulla Lootah Group (NALG) setup more than 45 years ago in the UAE. The Group has a well diversified strategic portfolio that includes travel, shipping, cargo, logistics, mineral water, real estates, trading information technology, interactive media, production and brand media communications.

H.E. Nasser Abdulla Hussain Lootah is Patron of the Australian Business Council – Dubai. Based on strong leadership capabilities he was appointed as the Director for the office of the Late Vice President, Prime Minister Sheikh Maktoum of Dubai.

Mr. Husain Lawai – Vice Chairman & Director
Mr. Husain Lawai is a seasoned banker having vast experience in the banking and financial services industry. He is the Chief Executive of The Institute of Bankers Pakistan and also the Vice Chairman of Summit Bank Limited. Additionally, he is on the Board of Directors of Pakistan Institute of Corporate Governance, GlaxoSmithkline Pakistan Limited, Wyeth Pakistan Limited and The Searle Company Limited.

Apart from his current corporate sector engagements, Mr. Lawai has served as Chairman, Board of Directors of Central Depository Company of Pakistan Limited. In addition, he served on the Board of Directors of Pakistan International Airlines Corporation, State Life Insurance Corporation of Pakistan and Sanofi- Aventis Pakistan Limited.

On the banking side, he was the first President and CEO of MCB Bank Limited, after its privatization in 1991 and served for six years. He was President and CEO of Summit Bank Limited from 2008 till his retirement in 2016.

He is credited with being a key enabler of the local Islamic banking system through the formation of Faysal Islamic Bank (now known as Faysal Bank Limited), the first Islamic Shariah compliant Bank of Pakistan and Regional General Manager of Emirates NBD Bank, for Pakistan and Far East. He was also a Director of Security Investment and Finance Limited U.K and Advisor to several UK & European banks.

A staunch promoter of education, he is also a member of Board of Governors of Karachi Grammar School and he served on the Board of Governors of Virtual University of Pakistan. On social welfare front, he assumed the office of Regional Vice President of World Memon Organization (WMO) for Pakistan for three years beginning from October 2017.

He holds an MBA degree from the Institute of Business Administration, Karachi.

Mr. Ahsan Raza Durrani – Acting President & Chief Executive Officer / Director
Mr. Ahsan Raza Durrani is a Fellow of the Institute of Chartered Accountants, Pakistan. He is also qualified from the Institute of Cost & Management Accountant Pakistan and holds a Bachelor of Commerce Degree from the University of Karachi.

With extensive experience in the fields of Banking, Finance and Management spanning over 24 years, he started his career at Faysal Bank Limited in 1994 as deputy financial controller and then moved on to Structured Finance Division & Financial Institution Division in Faysal Bank. Later, he moved to Corporate Banking as Unit Head followed by Investment Banking Division and Financial Institutions.

Mr. Durrani’s achievements include establishing the only AMC of the Bank, Faysal Asset Management Company and was appointed as its Chief Executive Officer in August 2003. He then joined Emirates Global Islamic Bank Limited in April 2006 as Head of Investment Banking and then promoted to the position of the SEVP-Group Head Business where he supervise Corporate Investment Banking, Treasury and Financial Institutions divisions of the Bank.

In February 2011 Mr. Ahsan Raza Durrani joined forces with Summit Bank as Group Head Corporate & Investment Banking. His last undertaking was SEVP – Group Head Credits before being elected as Board Member to serve as President & CEO of Summit Bank Limited.

Mr. Shehryar Faruque – Director
Mr. Shehryar Faruque has more than 30 years of experience on various positions of Ghulam Faruque Group. He has completed his B.A. Marketing & Management from Davis & Elkins College (USA). Currently, he is on the Board of  NBP Fullerton Asset Management Ltd, as well as on the of several companies of Ghulam Faruque Group.

Mr. Asadullah Khawaja – Director
Mr. Asadullah Khawaja has 35 years of experience in the field of investment banking. During his last 5 years of service, he served as Managing Director Investment Corporation of Pakistan (ICP) 1995-2000.
Mr. Khawaja also held additional charge as Chief Executive of Bankers Equity Limited (BEL) and National Investment Trust Limited (NITL). He has also served as Chairman of Pakistan Industrial Credit and Investment Corporation of Pakistan (PICIC) and Packages Ltd, and is presently Chairman of Arif Habib Corporation Ltd.
Mr. Khawaja has attended several professional training courses on public sector policy and management, investment analysis, and portfolio management, conducted by various institutes such as Harvard University, the World Bank, the University of Pennsylvania, etc.

Mr. Md. Ataur Rahman Prodhan – Director
Mr. Md. Ataur Rahman Prodhan joined Rupali Bank Limited as Managing Director & CEO on 28th August, 2016.Prior to this assignment, he was Managing Director of Probashi Kallyan Bank, Deputy Managing Director of Sonali Bank Limited and CEO & General Manager of Sonali Bank (UK) Limited. Mr. Prodhan started his banking career as Financial Analyst in Sonali Bank Limited from the year 1984. During his long banking career he worked in different branches as Branch Manager, Corporate Branch Incumbent, Head of Local Office, Principal Office and Head of various Divisions in Head Office.

Mr. Md. Ataur Rahman Prodhan completed his B. Com (Hon’s.) & M. Com in Management from Dhaka University. He is a Diploma Associate of the Institute of Bankers, Bangladesh. He attended a number of training programs/workshops/seminar at home & abroad. Mr. Prodhan is a Rotarian and involved with a number of social activities.

Mr. Mohammad Faisal Shaikha – Director
Mr. Faisal Shaikha is a graduate from the University of Karachi having degree in Commerce. He is a seasoned banker with 34 years of experience in the banking industry in various fields such as Branch Operations, Treasury and Financial Institutions. He has served in Chase Manhattan Bank for 4 years, in Faysal Bank for 17 years and now his association with Summit Bank spans over 13 years. His in-depth banking knowledge, vast experience in treasury has led him to the top position in the management and now is serving as a Senior Executive Vice President & Group Head of Treasury & Financial Institutions in the bank.

He was the President of Financial Markets Association of Pakistan (FMAP-ACI Paris) from 2012 to 2014 and remained involved in a number of social activities.

He has attended several professional training programs/workshops/seminars both at home & abroad encompassing courses on International Financial Markets and Financial Derivatives, Treasury and Portfolio Management, Correspondent Banking, International Trade & Payments conducted by various banks which includes ABN-Amro, Standard Chartered Bank, Mashreqbank and Habib American Bank, etc. He has also attended Asian Development Bank’s meetings in Frankfurt-Germany.

*  The above named persons have ceased to exist as the Directors on the Board of Summit Bank Limited with effect from 06-04-2019 consequent to the election of new Directors whose FPT (Fit and Proper Test) related documents have been filed with the State Bank of Pakistan (SBP) and are still awaiting requisite regulatory clearance. Upon the receipt of SBP clearance, the bank’s website shall be updated accordingly

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Last Updated 2019-11-13

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