Mr. Tawfiq Asghar Hussain brings with him over 40 years of diverse & rich international experience in Commercial & Central Banking. He started his career in 1976 with American Express Bank (AEB) in Pakistan & appointed its General Manager, Philippines in 1994. In late 1995, he became the first Pakistani Country Manager of AEB for Pakistan.
In September 2001, he was also the first person from private sector to be appointed Deputy Governor, State Bank of Pakistan, & served two terms in that position. During his tenure in SBP, he led its capacity building in critical areas like Risk Management, Banking Supervision, Reserve Management etc. and participated in the banking sector reforms, banks’ privatization program & market liberalization. As a nominee of SBP, he concurrently served on the boards of Security & Exchange Commission of Pakistan & Pakistan Security Printing Corporation.
Mr. Tawfiq Hussain returned to the private sector in 2008 and was appointed President & CEO, Samba Bank Ltd., Pakistan. Stabilized & turned it around into a liquid, strong & sustainably profitable bank, practicing highest standards of corporate governance & business ethics. Retired from the bank in September 2013.
Currently he is CEO of Pakistan Banks' Association (PBA). He has also served as the non-executive Chairman of Pakistan Institute of Corporate Governance, Director Pakistan Stock Exchange & Chairman of its Regulatory Affairs Committee.
Mr. Hussain is MBA from Institute of Business Administration, Karachi.