Sulaiman is the youngest Chairman and an Independent Director on the Board of...
Mr. Farrukh Khan is the Chief Executive Officer (CEO) of Pakistan Stock Excha...
Mr. Wang Baojun is serving as Non-Executive Director on the Board of Pakistan...
Mr. Shehzad Chamdia is a fellow member of the Institute of Chartered Account...
Mr. Abid Ali Habib was a prominent member of brokers’ community at Pakista...
Dr. FU Hao is serving as Non-Executive Director on the Board of Pakistan Stoc...
Mr. Saad Amanullah Khan has nearly three decades of experience of working fo...
Mr. Javed Kureishi is an independent director appointed on the Board of Pa...
Mr. Amjad Pervez possesses around 39 years of diversified experience with exp...
Mr. Zhiping Rong is serving as Director representing China Financial Futures...
Sulaiman is the youngest Chairman and an Independent Director on the Board of Pakistan Stock Exchange Limited (PSX).
He is the CEO Cyan Ltd., formerly Central Insurance Company Limited (CICL). In 2011, Sulaiman orchestrated the business restructuring of CICL (insurance) to Cyan (investments), a landmark transaction, and the first of its kind in Pakistan.
Before Cyan, he has served PICIC DFI, PICIC Asset Management Company Ltd., Allied Bank (ABL) and ABL Asset Management Company Limited. He has had the privilege of establishing two leading AMCs of this country.
As a senior executive he has been working on strategy, organization, mergers and acquisitions. He is a proven business leader with a track record of delivering sustainable change and superior results in Pakistan. Sulaiman’s experience spans over 19 years in multiple areas of financial services including investments, operations, marketing, legal and corporate affairs.
Amongst his prominent achievements have been the acquisition of HUBCO from National Power in June 2012. The acquisition value was PKR 6bn and was sold in March 2018 for PKR 22bn resulting in gains of app. PKR 23bn (incl dividends) in less than 6 years. He also had the privilege of leading the election process of HUBCO for DH Group twice in 2012 and 2015 and managed 8 out of 11 seats with just 17.5% shareholding.
He is also the Chairman Pebbles Ltd. - the real estate arm of Dawood Hercules (DH) Group and is spearheading all real estate initiatives of the Group. He is an independent director on the Board of Bank Islami Pakistan Limited and serves on the Board of Governors of The Institute of Business Management (IOBM). He is the Founding member of the Presidential Initiative for Artificial Intelligence and Computing (PIAIC) and a Member of the Committee on Emerging Technologies of MOIT. He represents Sindh as an Independent Member on Private Power and Infrastructure Board (PPIB) and is also an Independent Director on Sind Energy Holding Company Pvt Ltd.
He has also served on the Board of Dawood Lawrencepur Limited, FOCUS Pakistan (an Aga Khan Foundation backed NGO), lnbox Business Technologies (Pvt.) Ltd., lnbox Consulting (Pvt.) Ltd., lnbox Corporation (Pvt.) Ltd. and Sach International (Pvt.) Ltd.
He holds a master’s degree and is also a fellow member of The Institute of Corporate Secretaries of Pakistan (FCIS). He is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG).
At PSX besides being the Chairman of the Board, Sulaiman is also serving as the Chairman of the Nomination Committee, Human Resource and Remuneration Committee and Regulatory Aairs Committee. He is also a Trustee for the Centralized Customers Protection Compensation Fund and the Clearing House Protection Fund of PSX
Mr. Farrukh Khan is the Chief Executive Officer (CEO) of Pakistan Stock Exchange Limited (PSX). He qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, United Kingdom (UK), and also holds a BA (Hons.) in Economics and Finance from the University of Manchester.
With over 30 years of senior management and board-level experience, Farrukh is an experienced entrepreneur, and leading business and financial advisor who has advised on many landmark transactions. Previously he has held senior positions with Acumen in Pakistan & the UK, including Country Director & CEO, Pakistan, Senior Director Business Development, Chief Business Development Officer and member of the Management Committee. Mr. Khan was the founding partner and CEO of BMA Capital Management Limited. Under his stewardship, BMA established itself as the leading investment banking group in Pakistan and received several international awards, including the 2010 Euromoney award for the best investment bank in Pakistan. His experience includes lead managing the US$813 million GDR offering and London listing of OGDCL, Pakistan’s largest listed company, and successfully advising Etisalat on their $2.6 billion acquisition of Pak telecom, the largest mergers and acquisition transaction and the largest foreign direct investment in Pakistan’s history. Other historical transactions include the US$ 1.5bn privatisation of Kot Addu Power Company and the US$898 million GDR offering for Pak Telecom. He has advised, either on the buy or sell side, on almost 50% of all successful privatisations in Pakistan, totalling over $4bn in value. He has also worked with American Express Bank in Pakistan and Deloitte in London.
Mr. Khan has an excellent network and deep knowledge of global business and investments. He has previously served as President of Overseas Investors Chamber of Commerce & Industry (OICCI), Chairman of the Young Presidents’ Organization, Pakistan Chapter and on the boards of prominent public and private sector organisations. He was also associated with the Securities and Exchange Commission of Pakistan as a member of its Policy Board from 2018 to 2019. Mr. Khan was selected by Euromoney as one of the top 50 global financial leaders, below the age of 40 years. His philanthropic interests include children’s health and education.
Mr. Khan has been nominated by PSX to serve as Director on the Boards of National Clearing Company of Pakistan Limitedand Pakistan Mercantile ExchangeLimited. He is also serving as the Chairman of Voluntary De-Listing Committee of the Board.
Other current Directorships/Offices:
Mr. Muhammad Ashraf Bawany remained Chief Executive and Managing Director of Linde Pakistan Limited – a Member of Linde AG, Germany from 2nd August 2013 to 7th January 2018. He was then appointed as Advisor to Chairman & Board of Directors from 8th January 2018 to 31st March 2018. He served Linde Pakistan Limited for more than 30 years in various leadership roles and was responsible for successfully executing several local and regional initiatives and strategies. Prior to his appointment as CEO & MD, he held a number of key positions within the company.
He takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate and trade platforms. He also supports various social and welfare activities. In this regard he is associated with the Welfare Committees of Tabba Heart Institute (THI), Tabba Kidney Institute under Aziz Tabba Foundation (ATF).
Mr. Bawany is Chairman Pakistan German Business Forum (PGBF) and a Director on the Board of German Pakistan Chamber of Commerce & Industry (GPCCI), Trustee - Help International Welfare Trust (HIWT) and Member Supreme Council, Jetpur Memon Association. Mr. Bawany is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG), and a Director on PICG board and Chairman of the Board Audit Committee. In addition, he has also served as nominee Director of Pakistan Stock Exchange Limited (PSX) on the Board of National Clearing Company of Pakistan Limited (NCCPL) and Chairman Board Audit Committee of NCCPL, Vice President of Bin Qasim Association of Trade & Industry (BQATI) and Vice-President Jetpur Memon Association (JMA) and Chairman, Strategic Advisory Board (SAB) of Memon Professional Forum.
He is the former President of Institute of Cost and Management Accountants of Pakistan (ICMAP) and Pakistan Institute of Public Finance Accountants (PIPFA).
Mr. Bawany is a fellow member of ICMAP and ICSP. He is also a Law graduate and has done various advanced management courses from local and foreign institutions.
At PSX, Mr. Bawany is also serving as member of Nomination Committee, Human Resources & Remuneration Committee and Voluntary De-Listing Committee. Moreover, he has been nominated by PSX to serve as Director on the Boards of National Clearing Company of Pakistan Limited, Central Depository Company of Pakistan Limited and VIS Credit Rating Company Limited.
Mr. Wang Baojun is serving as Non-Executive Director on the Board of Pakistan Stock Exchange Limited, being a nominee of Pak China Investment Company Limited.
Mr. Wang assumed the office of Managing Director/ Executive Director of PCICL in May, 2018. He brings 23+ years experience of working in Development Financial Institutions, with diversified exposure in the areas of Credit Management, Finance, Research, Information Technology and Planning. Before joining PCICL, he was Head of Australian Group as Senior Commissioner of China Development Bank (CDB). During his affiliation with CDB, he lately held positions of Division Director of Credit Management and Division Director of International Cooperation & Study in International Finance Department, while he also served as Deputy Division Director of Confidential Affairs and Deputy Division Director of General Affairs in General Office.
Mr. Wang holds degrees of Masters in Public Administration and Masters in Computer Science from China National School of Administration and Harbin Engineering University respectively. He is also a Qualified Accountant and Security Practitioner.
Mr. Shehzad Chamdia is a fellow member of the Institute of Chartered Accountants of Pakistan and a renowned educationist. He also holds a bachelor’s degree in Commerce from University of Karachi.
Mr. Chamdia has been associated with PSX since 1988. He was a corporate trading right holder by the name of Shehzad Chamdia Securities (Private) Limited where he acted as CEO and then as Chairman. With effect from October 2016, the said company surrendered its trading right entitlement certificate. During this period, he has served PSX since 1992 in various capacities being on the Board for a number of terms, participating and heading various committees of the Board and SECP, mainly focusing on corporatization, demutualization and integration of PSX for the past few years which has now been successfully accomplished. He had also served as a Director on the Boards of Central Depository Company of Pakistan Limited and National Clearing Company of Pakistan Limited, being the nominee Director of PSX.
Mr. Chamdia is the Founder President of College of Accounting & Management Sciences (CAMS) as well as Director of the Avicenna School (Private) Limited.
At PSX, he led the Divestment Committee formed by SECP in 2016 which had successfully achieved the tasks of divesting 40% of PSX’s strategic shares, followed by offer for sale of 20% of PSX’s equity shares to general public.
Besides being a director on the Board of PSX, Mr. Chamdia is serving as the Chairman of Audit Committee and the member of Voluntary De-Listing Committee.
Other Directorships and offices:
Mr. Ahmed Chinoy is an elected Director on the Board of Pakistan Stock Exchange Limited. He is the Managing Partner of Arch Sons Group of Companies and is engaged in overseeing various businesses such as security investments, textiles, real estate and poultry farming.
Mr. Chinoy is qualified from Institute of Cost & Management Accountants of Pakistan (ICMAP) and holds a graduate degree in Commerce from University of Karachi. He is also a certified director from Pakistan Institute of Corporate Governance.
Mr. Chinoy is a prominent business and social figure in Pakistan. He has served the society in different capacities in the areas of business, education, health, crime prevention and other social services and has rendered invaluable services to the nation in these fields. He has successfully served as Chief of Citizen Police Liaison Committee, Sindh (a citizens’ body for prevention of crimes) from the year 2010 to 2015. He has also been actively serving on the Boards of various hospitals and educational institutions and has been heading the Memon Community as the President of All Pakistan Memon Federation. Previously, he has served on the Managing Committee of Federation of Pakistan Chamber of Commerce & Industry for many years and has also remained as Chairman of Pakistan Cloth Merchants’ Association (the apex body of textile exporters). For his services to the people of Pakistan, he has been awarded prestigious national awards of Hilal-e-Imtiaz (H.I.) and Sitara-e-Imtiaz (S.I.).
Mr. Chinoy is nominated by PSX to serve as Director on the Boards of Central Depository Company of Pakistan Limited, National Clearing Company of Pakistan Limited, Pakistan Mercantile Exchange Limited and Institute of Financial Markets of Pakistan. He has also been appointed as the member of Audit Committee and Voluntary De-Listing Committee.
Other Directorships and Offices:
Mr. Abid Ali Habib was a prominent member of brokers’ community at Pakistan Stock Exchange Limited (PSX) and had always rendered valuable contribution towards the betterment and growth of the Exchange. In the past, he has been elected as Director of former Karachi Stock Exchange [now PSX] (KSE) for various terms between the years 1995 and 2012. During these terms, he has served on various Committees constituted by the Board, as Chairman or member.
He played the central role in conceptualization, planning and design of internet-based order routing system and also supervised, implemented and tested Karachi Automated Trading System.
As member of Demutualization Committee of KSE during the years 2005, 2006 and 2010, Mr. Habib was the key figure in preparation of Preliminary Report on proposed demutualization of KSE, identifying various issues and recommendations thereon, in line with existing models and international practices. Ultimately, the objectives of corporatization and demutualization were achieved in 2012.
Mr. Habib held the position of Chairman, Companies Affairs/Corporate Governance Committee of KSE for the years 2010 and 2011. During this term, a number of tasks were initiated and successfully completed, having positive impact on overall regulatory environment of the Exchange. Some of the major achievements included (i) various amendments in Listing Regulations; (ii) action against delinquent/non-performing companies in violation of Listing Regulations; (iii) revision of annual listing fee; (iv) mechanism for verification of rumor mongering in the market pertaining to listed companies/securities; (v) implementation of revised Code of Corporate Governance; (vi) measures for disclosure of information to market participants/investors pertaining to sale/purchase of securities by any director, CEO or executive or their spouses; and (vii) revision of criteria for selection of Top Companies.
At PSX, Mr. Habib is serving as the member of Human Resources & Remuneration Committee and Voluntary De-Listing Committee. At Central Depository Company of Pakistan Limited (CDC) where he is nominated as Director by PSX’s Board, Mr. Habib is appointed by the Board of CDC as the Vice-President of Disciplinary Tribunal and member of Investment Committee.
Dr. FU Hao is serving as Non-Executive Director on the Board of Pakistan Stock Exchange Limited, being a nominee of Shanghai Stock Exchange.
Dr. FU is Vice Chair of Global Business Committee and Managing Director of Global Business Department, Shanghai Stock Exchange. He is responsible for overseeing SSE’s international cooperation, global market promotion and overseas projects. Prior to joining Shanghai Stock Exchange, Dr. FU worked in Jun An Securities Co. and Orient Securities Co. He graduated from Fudan University in 1998, where he earned a Ph.D Degree in Finance.
Dr. Fu published a lot of papers and articles in major Chinese finance journals. He has served as the Chairman of Working Committee of Asia Oceanic Stock Exchange Federation from 2014 to 2016. He was awarded as “Shanghai Financial Innovative Figure” in 2014, “Shanghai Financial Leading Talent” in 2017. Under his leadership, Global Business Development Department was honored as “Shanghai May 1st Labor Medal Collective Award” in 2017 and “National Worker Pioneer” in 2019.
At PSX, besides being a director on the Board, Dr. FU Hao is serving as member of Voluntary De-Listing Committee.
Ms. Yu Huali is serving as Non-Executive Director on the Board of Pakistan Stock Exchange Limited (PSX), being a nominee of Shenzhen Stock Exchange (SZSE). Ms. Huali graduated in Computer Sciences Engineering from Huazhong University of Science and Technology, in 1990. Later on, she completed her Masters in Business Administration from Amoy University, in 2003.
Ms. Huali has held positions of Director, IT Strategy and Planning Department and Computer Engineering, in SZSE, during her tenure from 2011 to 2015. Since 2012, she has been serving as Vice Chief Engineer (CTO) of SZSE.
Mr. Saad Amanullah Khan has nearly three decades of experience of working for Gillette Pakistan as CEO, and Procter & Gamble in senior executive positions. Saad has been very active in the corporate circles, got elected twice as President of American Business Council (ABC) the largest single country business chamber in Pakistan and twice to the Executive Council of Overseas Investors Chamber of Commerce and Industry (OICCI).
Mr. Saad is the founding board member of Pakistan Innovation Foundation (PIF), I Am Karachi (IAK) Consortium, and South East Asia Leadership Academy (SEALA). He also served four years as the President of Public Interest Law Authority of Pakistan (PILAP), a civil rights organization
Mr. Saad is an author of “It’s Business, It’s Personal” a book guiding on how to set your company’s vision and delivering it through organizational excellence. He does consulting of culture transformation and strategy development and deployment in large established corporations.
As per Mr. Saad, his goal of life is to be a good human being and a good corporate citizen of Pakistan. When on the board of American Business Council (ABC), he convinced the US Ambassador to give Rs 1 Billion from USAID for the Bolton Market Traders who lost their shops in the Dec 2009 terrorist attack
He is a graduate of the University of Michigan MBA (Class of 1987) and holds two engineering degrees. Mr. Saad is a certified member of the Pakistan Institute of Corporate Governance (PICG). He is also the co-founder of Big Thick Burgerz, a restaurant chain in Karachi.
At PSX, besides being an independent director, Mr. Saad, is serving as the member of Nomination Committee and Human Resources & Remuneration Committee.
Mr. Javed Kureishi is an independent director appointed on the Board of Pakistan Stock Exchange Limited with the approval of Securities and Exchange Commission of Pakistan.
Mr. Kureishi is a career Banker with a rich and diverse experience of more than 34 years with Citibank both in Pakistan and across 5 countries in Europe, Middle East, Africa and Asia where he worked for 9 years. His various roles have included Senior, leadership roles in Country Management, Risk, Corporate and Institutional Banking, strategy, managing Multinational Subsidiaries and Public Sector businesses both at country and regional level. Mr. Kureishi is presently working for the International Finance Corporation (IFC) as consultant responsible for business development. He has a BA Hon from University of Sussex UK.
Aside from his professional career, Mr. Kureishi has also been a keen cricketer. He played first class cricket for PIA and Karachi 1977-81 for Sussex Under 25 1982-84. He was also captain of the Pakistan Under 19 cricket team on its tour of India and Sri Lanka 1978-79. Mr. Kureishi has also been a University level field hockey player.
Mr. Kureishi is married with 2 children. His other interests include Reading and Music
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.
Mr. Amjad Pervez possesses around 39 years of diversified experience with exposure to treasury, banking, accounts, budgeting, project implementation, money market, forex, stock broking and investments. He is a Gold Medalist and holds Master’s Degree in Business Administration.
Mr. Pervez started his Professional career in 1981 from Saudi Arabia and later promoted as GM and team leader with Industrial Development Bank of Pakistan. He served on the Board of Directors of different companies including The Bank of Khyber. He was also engaged by Shore Bank International Limited (Consulting firm based in Chicago) as a consultant to set up the Treasury Department of Kashf Microfinance Bank.
Mr. Pervez joined the Bank of Khyber in 1992 as Deputy Director and ascended to the position of Senior Vice President. In 2004, he joined First National Equities Ltd as its Chief Operating Officer and later promoted as Chief Executive Officer. He was also the Financial Advisor to the Government of Khyber Pakhtunkhwa Pension & Provident Funds from 2002 to 2015 and provided advisory services to Pearl Securities Ltd from September 2012 to April 2018. He has attended several national & international courses. Mr. Pervez is also engaged with Taleem Finance Company Limited, an NBFC, as a Director.
Mr. Pervez has been nominated by the Board of Pakistan Stock Exchange Limited (PSX) as member of Regulatory Affairs Committee.
Mr. Zhiping Rong is serving as Director representing China Financial Futures Exchange Limited (CFFEX) on the Board of Pakistan Stock Exchange Limited (PSX). Mr. Rong graduated from the College of Armored Forces Engineering, Liberation Army, China, in the year 1984, after which he completed his masters in Engineering from the same institution in 1987. He also holds a master’s degree in Finance from Lancaster University, United Kingdom.
Mr. Rong joined CFFEX in October, 2012, where he is currently serving as the Chief Executive Officer (CEO). Formerly, he has held positions of Executive Vice President (EVP) at China Re-Asset Management Company Limited and Deputy Director of Treasury Department at China Development Bank.
Mr. You Hang is serving as alternate director for Mr. Zhiping Rong on the Board of Pakistan Stock Exchange Limited (PSX). Mr. You, being one of the inaugurators of China Financial Futures Exchange (CFFEX), is currently serving as the Chief Representative of CFFEX in Pakistan. He also held the position of Deputy Managing Director of PSX from August 2017 to August 2018. He is a seasoned expert who has strategically fulfilled the responsibility of domestic and international financials, marketing and operational functions. He is specialized in Exchange operations, designing / management of financial derivatives as well as data marketing. He has solid experience in equity, fixed income, and FX derivatives and possess strong quantitative and analytical skills. He also has a diplomat experience with superior communication, organizational and interpersonal skills with fluency in English as well as in his mother tongue Mandarin.
Mr. You Hang has completed his Master of Public Policy concentrated in Finance on Dean’s Fellowship from The University of Chicago, USA and Bachelor of Engineering from East China University of Technology, Shanghai, from where he graduated with honors.
Mr. You Hang is currently associated with CFFEX for last 14 years and has served it in the capacity of Chief Representative in Pakistan, Managing Director, International Business Development Department/Executive office/Equity Index Derivatives Department / FX Derivatives Department and Executive Director- Market Data Department.
At PSX, besides being an alternate director on the Board, Mr. You Hang is also serving as member of Audit Committee, Nomination Committee and Human Resources and Remuneration Committee. Moreover, he has been nominated by PSX as Director on the Board of Pakistan Institute of Corporate Governance.