KARACHI - Habib Bank Limited (HBL) President and CEO R Zakir Mahmood will be retiring from his position after serving the institution for over 12 years. Mahmood’s contributions in the development of the bank’s franchise in the country as well as in the international markets were recognised by the board of directors as an invaluable asset. Chairman Sultan Ali Allana applauded Mahmood’s leadership and exemplary dedication in the evolution and repositioning of the bank since 2000, which has resulted in HBL becoming the leading bank of Pakistan in terms of its deposits and outreach to all sectors of the economy. The board of directors of HBL appointed Nauman K Dar its president and CEO who will take over from the retiring president and CEO in September 2012. Dar has been a career banker and brings with him a wealth of 30 years of banking experience in Pakistan as well as Africa and Europe.