MCB Bank Welcomes New Leadership with Muhammad Nauman Chughtai

​Muhammad Nauman Chughtai has been named the new President and CEO of MCB Bank Limited, succeeding Shoaib Mumtaz, whose term will end on December 20, 2024. This appointment was confirmed during a Board of Directors meeting held on December 11, 2024, and is contingent upon Chughtai passing the Fit & Proper Test (FPT) by the State Bank of Pakistan (SBP).

Following the conclusion of Mumtaz's tenure, Chughtai will serve as Acting President for up to three months or until he receives clearance from the SBP, whichever comes first. The MCB Bank board acknowledged the contributions and services of Shoaib Mumtaz during his time as President.

Chughtai brings over 25 years of banking expertise, having worked in both local and international banks, with a focus on risk management and corporate banking. His role as Group Head of Risk Management includes overseeing various functions such as Credit Review, Credit Risk Control, Credit Policy, and Operational Risk for all areas of the bank, including its overseas operations. He also holds a position on the Board of MCB Bank Leasing Azerbaijan, a subsidiary of MCB Bank Limited.