Saturday, May 25, 2024

Khawaja Khalil Shah Appointed as CEO of MCB Funds

MCB Investment Management Limited (MCB Funds) is pleased to announce the appointment of Mr. Khawaja Khalil Shah as the new Chief Executive Officer. In this role, Mr. Khalil succeeds Mr. Saqib Saleem, to whom we extend our best wishes for his future endeavors. Mr. Saqib Saleem, with his remarkable leadership, significantly shaped the mutual funds industry, raising the bar in digital innovation and customer service. He spent nearly 18 years with the organization, serving as the CEO for seven years, and previously holding positions as Chief Operating Officer and Company Secretary.

Mr. Saleem expressed, “After nearly two remarkable decades at MCB Funds, I’m filled with pride and gratitude. Our exceptional team’s dedication to innovation and excellence transformed MCB Funds into a leading Asset Management Company. As I say goodbye, I leave with deep appreciation and confidence in MCB Funds‘ bright future.”

Mr. Khawaja Khalil brings with him more than 30 years of banking experience, evenly divided between corporate business solicitation and risk management. Upon accepting his new role, Mr. Khalil expressed, “I am deeply honored to lead MCB Funds. This institution has an impeccable reputation, a highly talented team, and an unwavering dedication to delivering exceptional investment services to its customers. I am thrilled to embark on this remarkable journey and eagerly anticipate the opportunity to continue elevating it. Together, we will continue to cultivate our legacy of excellence and innovation.”

Prior to joining MCB Funds as Chief Executive Officer, Mr. Khalil served as Chief Risk Officer at MCB Islamic Bank Limited and Business Head-Portfolio Management in the Wholesale Banking Group at MCB Bank Limited. Mr. Khalil has also spent considerable time at Al-Faysal Investment Bank and Faysal Bank Limited. He holds an MBA degree from Lahore University of Management Sciences.

Mr. Khalil is deeply committed to redefining the digital investment landscape, with a vision to position MCB Funds as the foremost Asset Management Company. In reference to MCB Funds’ innovative digital app, iSave, he enthusiastically stated, “iSave not only symbolizes the future of investments and savings but also a comprehensive platform offering a wide array of instant financial services that empower customers.”

We extend our warmest congratulations to Mr. Khalil on his appointment as the new CEO of MCB Funds and look forward to a bright and prosperous future under his leadership.

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