Habib Bank Limited Pakistan hires German Chief Technology Officer (CTO) Dr Michael Maier. Dr Maier will take charge of his responsibilities as CTO HBL by February 1st 2022. Dr Michael Maier will be reporting to Sagheer Mufti, current Chief Technology Officer of HBL.
Dr Michael Maier holds a Ph.D degree from Munich and has a vast experience in working with leading European banks. During his 25 years of career, he has also been on the Board of Directors for several organizations.
Habib Bank Limited has been the target of severe criticism as users complained of slow and ineffective services. In October 2021, HBL’s internet services fell twice, causing major disruption to its customers in the first week of the month. The issue persisted in the second week despite urgent measures taken by the bank. In the subsequent month of November 2021, customers of the bank witnessed a surprise deduction of money from their deposits without any announcement from the bank.
Dr Maier is said to have expertise in running Digital Bank payments, reforming IT systems and several other financial services. As the new Chief Technology Officer of Habib Bank Limited, Dr Michael Maier is expected to improve bank’s technology strategy and continue to establish a strong technological infrastructure. He’ll also look at how the bank can continue to integrate new technology to achieve the necessary economies of scale and support HBL’s Digital Agenda.
With the new hiring, HBL’s services are expected to improve as technological competition between banks continues to increase. To prevent losing customers HBL desperately needed a new approach towards its operations. Dr Maier’s vast experience in the banking sector may prove to be a good luck charm for the bank. We never know, the users of HBL may be in for a surprise following the New Year.