Bank of Khyber has announced a significant leadership update with the appointment of Basharat Khan as its new Chief Compliance Officer (CCO), signaling a renewed focus on regulatory adherence and governance across the institution. Basharat Khan, holding esteemed certifications including CAMS, CGSS, and CAMP, brings extensive experience in compliance, risk management, and regulatory affairs, positioning him to lead the bank’s compliance and oversight initiatives.
The appointment underscores Bank of Khyber’s commitment to strengthening its governance framework and ensuring that regulatory requirements are met to the highest standards. As Chief Compliance Officer, Basharat Khan will oversee the bank’s compliance policies, risk assessment strategies, and regulatory reporting mechanisms, ensuring that operational processes align with local and international banking regulations.
Bank officials emphasized that the appointment is part of a broader strategy to reinforce internal controls and enhance transparency in all financial operations. Given the evolving regulatory environment in Pakistan, financial institutions face increasing scrutiny from the State Bank of Pakistan (SBP) and other regulatory bodies, making a strong compliance function essential for sustainable growth and risk mitigation.
Basharat Khan joins the Bank of Khyber at a time when the banking sector is witnessing rapid digital transformation, increasing demand for robust risk management frameworks, and heightened attention to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. His experience in navigating complex regulatory landscapes and implementing compliance frameworks will be instrumental in helping the bank proactively manage operational risks while maintaining trust with stakeholders, customers, and regulators.
In his new role, Basharat Khan is expected to lead initiatives to enhance staff training on compliance protocols, ensure rigorous monitoring of internal controls, and foster a culture of accountability throughout the organization. Additionally, he will collaborate closely with senior management to align business strategies with regulatory expectations, helping the bank maintain a competitive yet compliant operational model in Pakistan’s dynamic financial sector.
The leadership update also reflects the bank’s strategic focus on governance as a key driver for long-term success. By strengthening compliance functions at the executive level, Bank of Khyber aims to minimize operational, legal, and reputational risks, while demonstrating a proactive stance toward financial integrity.
Industry experts noted that appointments like these are critical in a landscape where regulatory compliance, transparency, and risk management are increasingly intertwined with a bank’s credibility and ability to attract investment. Effective governance, led by experienced professionals, enables institutions to navigate complex regulatory requirements and adapt to emerging challenges in the financial ecosystem.
Basharat Khan’s appointment is expected to bolster Bank of Khyber’s reputation as a forward-looking financial institution committed to regulatory excellence, operational integrity, and sound risk management practices. This move signals confidence in the bank’s leadership and its dedication to safeguarding stakeholder interests while maintaining sustainable growth in Pakistan’s competitive banking sector.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.