Escorts Investment Bank Limited has announced the appointment of Mr. Kamran Chughtai as the new Company Secretary, effective from September 21, 2023. Mr. Chughtai will be taking over the role previously held by Sheikh Faisal Saeed. The decision was made during a meeting of the bank's Board of Directors, where they unanimously approved Mr. Chughtai's appointment to this crucial position within the organization.

Mr. Kamran Chughtai brings a wealth of experience and expertise in corporate governance and compliance to his new role. His extensive background in the financial sector and his dedication to upholding the highest standards of corporate ethics make him a valuable addition to the team at Escorts Investment Bank Limited. The outgoing Company Secretary, Sheikh Faisal Saeed, has played a significant role in the bank's corporate governance and compliance efforts during his tenure.

The board expressed its gratitude for his contributions and wished him success in his future endeavors. Mr. Chughtai's appointment is seen as a strategic move by Escorts Investment Bank Limited to strengthen its corporate governance and compliance framework as the bank continues to expand and adapt to the evolving financial landscape. His expertise is expected to play a pivotal role in ensuring the bank's adherence to regulatory requirements and best practices.

This change in leadership at the position of Company Secretary is expected to further enhance Escorts Investment Bank Limited's commitment to transparency, accountability, and excellence in corporate governance. Mr. Kamran Chughtai's appointment reflects the bank's continued dedication to fostering a culture of integrity and responsible business practices.