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Habib Bank Limited (HBL) will undergo major reshuffling at the top managerial level after it was announced that CEO and president, Nauman K Dar, will retire with effect from December 31, 2017.

According to a notice sent to the Pakistan Stock Exchange (PSX), HBL said that its Chief Operating Officer Rayomond H Kotwal will be appointed interim president and CEO following Dar’s retirement.
“Nauman K Dar will be retiring from the role of president and CEO with effect from December 31, 2017,” the notification said.