Mr. Mohammad Salahuddin Manzoor is a seasoned financial markets professional, with over 35 years of experience mostly in major global centers of New York, London and Singapore, and also in Karachi.
After a couple of years at the World Bank in Washington DC (1980 — 82), Mr. Manzoor earned his MBA degree from the Wharton School, University of Pennsylvania. Starting in International Acquisitions at Chemical Bank New York (now JPM) after graduation in 1984, he moved to Fixed Income Derivatives Trading in London in 1987, subsequently moving to Singapore in 1990 to set-up and manage Chemical’s financial markets trading business.
After twelve years with Chemical, Mr. Manzoor joined Banque Paribas’ in 1996 as Asia Regional Head for Fixed Income & Forex Derivatives business. In 1998, he moved back to London with Paribas as Global Head of Emerging Markets Trading for Forex & Local Bond Markets. After the BNP-Paribas merger in 2000, Mr. Manzoor took over as CEEMEA Region Head of Structured Products Marketing for BNP-Paribas. In 2008, he left BNP-Paribas to join Observatory Capital London, a long-short credit hedge fund, as Head of Business Development.
In 2011, Mr. Manzoor joined Habib Bank Limited (HBL) in Karachi as Global Treasurer, taking HBL’s Treasury annual revenues from around PKR 2Bn to circa PKR 30Bn (in 2015, 2016 & 2017). These spectacular results were partly achieved by hiring exceptional professionals and expanding HBL Treasury’s presence to Lahore and Islamabad for enhanced client reach resulting in greater market share. However, in large measure the success was owed to guiding ALM’s timely entry into the government bond market with investments in long dated PIBs. Salahuddin established the Fixed Income Derivatives business at HBL taking it to become a leader in IRS & CCS products. In addition, HBL rose to and held the No 1 position in SBP’s Primary Dealer (PD) rankings. During this period HBL was also ranked No 1 several times in Euromoney’s Forex rankings for Pakistani Banks.
In May 2018, Mr. Manzoor left HBL with a view to contribute to Pakistan’s financial markets at the grass roots level. As a first effort, he took a Visiting Faculty position at IBA, teaching Treasury & Financial Markets in the Fall 2018 semester. He also started Mangrove Markets, a company dedicated to development of Pakistan’s financial markets through Training & Consulting. Mangrove Markets has so far held two Risk Management Training sessions in Karachi and Lahore, well attended by a cross-section of banking and corporate professionals looking to upgrade their knowledge in the use of Forex & Interest Rate Derivatives for Risk Management.
Mr. Manzoor has the distinction of being the only Pakistani member of PRIME Finance in The Hague. PRIME, which stands for Panel of Recognized International Market Experts, gets involved in arbitration in cases of complex derivative litigation. He has attended PRIME’s annual conference in The Hague as a speaker on Islamic Finance & Sustainable Development with special attention to Sharia-compliant arbitration.
Mr. Salahuddin Manzoor is a dual national holding Pakistani & British nationalities.
Besides being an independent director on the Board, Mr. Manzoor is also serving as member of Regulatory Affairs Committee.
Other Directorship:
- Chief Executive Officer, Mangrove Markets