Sultan Ali Allana

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Sultan Ali Allana
سلطان علی الانہ
Sultan Ali Allana, at his office, Nov 2020.jpeg
Sultan Ali Allana, Chairman of Habib Bank Limited, at SCO-IBA
Born1959
Karachi, Pakistan
EducationMS in Management Technology, University of Wisconsin
Alma materSt. Patrick's High School
OccupationBanker
Board member ofAga Khan Fund for Economic Development
AwardsSitara-e-Imtiaz

Sultan Ali Allana is a Pakistani banker. He is the Director of the Aga Khan Fund for Economic Development AKDN.org (AKFED). and the Chairman of Habib Bank Limited.[1][2][3]

Early life and education[]

Sultan Ali Allana was born in Karachi, in 1959. He attended St. Patrick's High School, DJ Science college and then moved to Canada where he obtained an undergraduate and a postgraduate degree from the McGill University. He then attended the University of Wisconsin, USA, where he obtained an MS in Management Technology.[4][5][6]

Career[]

He started his career in banking in 1985 with Citibank and in 1994 he founded Global Securities, a former joint venture partner of UBS AG. In 1999 he acquired a management stake in NDLC and was appointed as CEO of the company. NDLC later merged with IFIC Bank to form NIB Bank in October 2003.

As part of a structural reform process, he worked with the Government of Pakistan in 2000 which allowed for the creation of Micro Finance Banks in Pakistan. As a result of the enabling framework, the First Microfinance Bank was established in 2002 and Sultan Ali Allana was appointed as its first Chairman (2002-2006)

In 2003 he volunteered for the Aga Khan Fund for Economic Development (AKFED) to oversee their investments in banking, insurance and aviation, and later joined the organization.[7][4][8]

In 2004 he was appointed as the Chairman's of Habib Bank Limited after its privatization.[9][10][11][12]

Personal life[]

Sultan Ali Allana comes from a prominent family of Sindh.[13] His late uncle G.Allana[14][circular reference] was a friend and biographer of Mohammad Ali Jinnah, Founder of Pakistan.

He is currently the member of the Steering committee of Artists' Welfare Fund[15][16] and has also been appointed as the Member of the Economic Advisory Council ( EAC ) -2021. Sultan Ali Allana has also held the following honorary positions with various ministries and divisions of the Government of Pakistan.

(i) Member of the Special Cell/Think Tank on COVID-19 constituted by the Finance Division - 2020;

(ii) Member of the CPEC Business Council constituted by the Chairman of the Board of Investment – 2020;

(iii) Member of the Economic Advisory council constituted by the Finance Division – 2018;

(iv) Member of the Advisory Council for the Ministry of Maritime Affairs – 2018;

Awards[]

He was awarded the Sitara-e-Imtiaz in 2006 for "valuable services for Pakistan", in the economic and financial sector, specifically with reference to the creation of the framework MicroFinance institutions in the country and for the establishment of the First Micro Finance Bank.[3]

References[]

  1. ^ "Sultan Ali Allana". World Economic Forum.
  2. ^ "PM lauds HBL in delivering Ehsaas Emergency Cash Programme to people". www.radio.gov.pk.
  3. ^ a b ""127 awards conferred on Pakistan Day"". DAWN.COM. 2006-03-24. Retrieved 2020-10-15.
  4. ^ a b "Financial inclusion holds the key – An interview with Sultan Ali Allana, Chairman, HBL – Business Recorder". Retrieved 2020-10-21.
  5. ^ "SULTAN ALI ALLANA".
  6. ^ "JUB.KE Company Profile & Executives - Jubilee Holdings Ltd. - Wall Street Journal". www.wsj.com. Retrieved 2020-10-22.
  7. ^ "Sultan Ali Allana". World Economic Forum. Retrieved 2020-10-21.
  8. ^ "AKDN leadership | Aga Khan Development Network". www.akdn.org. Retrieved 2020-10-21.
  9. ^ "About FMFB | The First MicroFinanceBank Ltd". www.fmfb.pk. Retrieved 2020-10-21.
  10. ^ "Habib Bank on the Forbes Global 2000 List". Forbes. Retrieved 16 February 2017.
  11. ^ Desk, News (2020-07-16). "HBL receives 'Asia Best Bank Transformation 2020' award from Euromoney". Profit by Pakistan Today. Retrieved 2020-11-06.
  12. ^ "Pakistan". Asiamoney. Retrieved 2020-11-06.
  13. ^ "prominent family of Sindh".
  14. ^ "G.Allana".
  15. ^ Times, Parliament (2020-05-13). "Meeting to discuss proposals to provide financial assistance to needy artists held in ISB". Daily Parliament Times. Retrieved 2020-10-28.
  16. ^ "HBL, Lahore Biennale join forces to promote art and culture in Pakistan". www.thenews.com.pk. Retrieved 2020-10-21.
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