Deutsche Bank has appointed Faizan Mitha as chief country officer for Pakistan, succeeding Shazad Dada.
Mitha, who will be based in Karachi, will be responsible for all of Deutsche’s businesses in Pakistan. He joins as a managing director and will report directly to Robert Rankin, the bank's chief executive officer for Asia-Pacific (ex-Japan).
Deutsche has hired Mitha from Habib Bank in Pakistan where he was most recently group executive and global treasurer. During his 25 years in the financial services industry, Mitha has held positions at international financial institutions in South Asia, the Middle East and Europe.
Mahmood Qureshi, Deutsche's chief operating officer for Pakistan, acted as chief country officer for an interim period of around six months until Mitha came on board.
Since it began operations in Pakistan in 1961, Deutsche has grown to offer a suite of investment banking and commercial banking products and services. It currently employs 70 people in the country, spread across its offices in Karachi, Lahore and Islamabad.
Dada announced his departure from Deutsche in June last year and joined Barclays Bank Pakistan as country head in September. Barclays received a licence to operate in Pakistan at the end of 2007 and launched its business in July 2008. Barclays offers both retail and corporate banking services in Pakistan. It has 15 branches, including five in Lahore, four in Karachi, two in Rawalpindi and one in Islamabad, as well as one each in the rural centres of Mangla, Rawat and Akora Khattak.