Zafar Masud (banker)
Zafar Masud | |
|---|---|
| Born | October 9, 1970 Karachi, Pakistan |
| Occupation(s) | Banker, Chief Executive Officer |
| Years active | 1994–present |
| Known for | CEO of Bank of Punjab, survivor of PIA Flight 8303 crash |
Zafar Masud (; born 9 October 1970) is a prominent Pakistani banker currently serving as the chief executive officer of the Bank of Punjab since April 2020.[1] In May 2020, he was among the survivors of the PIA Flight 8303 disaster, which resulted in 98 fatalities.[2]
Early life and education
Masud is the son of actor Munawar Saeed and Shahnaz Saeed. His family originally moved to Karachi from Amroha, India.[3] On his mother's side, his grandfather Taqi Amrohi held the position of chief editor at the Urdu newspaper Jang. He is also related to notable literary figures such as Rais Amrohvi and Jaun Elia, as well as the Indian filmmaker Kamal Amrohi.[3]Cite error: The opening <ref> tag is malformed or has a bad name
He completed his MBA at the Institute of Business Administration, Karachi.[4]
Professional career
Masud launched his professional journey at American Express Bank in 1994 before transitioning to Citibank Pakistan in 1995. In 2005, he took on the challenge of setting up Pakistan operations for Dubai Islamic Bank, where he also managed the corporate banking sector. Between 2008 and 2011, he led Barclays' Southern Africa unit.
In 2011, Masud established Burj Capital, an investment banking firm which he later sold to a private equity investor in 2015. He held the position of director general at National Savings from 2016 until 2018. His appointment as CEO of the Bank of Punjab came in April 2020. Subsequently, in March 2024, he was chosen as chairman of the Pakistan Banks Association.
Air crash incident
On 22 May 2020, Masud was involved in the crash of Pakistan International Airlines Flight 8303 near Karachi, an accident that claimed 97 out of the 99 passengers and crew onboard. The Airbus A320 had aborted its initial landing attempt and crashed during a go-around procedure. Despite suffering multiple fractures, Masud's condition remained stable. Two days following the accident, he publicly confirmed his intention to continue leading as CEO of the Bank of Punjab.
Books
- Out of the Box: Structural Reforms for Pakistan, Vanguard Books, 2019, 196 pages
- Seat 1C: A Survivor's Tale of Hope, Resilience and Renewal, Vanguard Books, 2025, 250 pages
External links
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- Pages with script errors
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- Articles with short description
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- 1970 births
- Living people
- Pakistani bankers
- Pakistani chief executives
- Survivors of aviation accidents or incidents
- Institute of Business Administration, Karachi alumni
- Muhajir people