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 $2.6 billion acquisition of Pak telecom, the largest mergers and acquisition transaction and the largest foreign direct investment in Pakistan’s history. Other historical transactions include the US$ 1.5 billion 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, totaling over $4 billion 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.

Other Directorships/Offices:

• Non-Executive Director, Acumen Pakistan
• Trustee, Acumen Academy, UK
• Trustee/Director, Pakistan Environment Trust, UK
• Nominee Director of PSX, Central Depository Company of Pakistan Limited
• Nominee Director of PSX, National Clearing Company of Pakistan Limited
• Nominee Director of PSX, Pakistan Mercantile Exchange Limited
• Nominee Director of PSX, EClear Services Limited
• Member of Board of Governors, The Institute of Business Management (Ex-Officio Position held in terms of The Institute of Business Management Act, 1998)

​Mr. Nadir Rahman has extensive, hands on experience of capital markets in Pakistan and internationally, stretching over 29 years. His core areas of expertise are business development, operations, investment management and corporate restructurings. He has advised on numerous capital market transactions, including the largest de-listing in Pakistan’s history. He has worked in a number of senior roles and has brought-in valuable skill set and experience to the senior team at PSX.

His last appointment was with BMA Capital Management Ltd. for 3 years as CEO. Prior to that he has served as the Group CEO in Mega & Forbes, as Managing Director and CEO at KASB Securities Limited, JS Global Capital Limited and Mashreq Asset Management. He was also the founder member and first CEO of Foundation Securities. In addition, he has been associated with Fauji Foundation, Standard Chartered Bank, ABN AMRO, Citibank and Bukhatir Investments Ltd (UAE) in middle and senior management roles.

Academically, Mr. Nadir holds dual Bachelor’s degrees from the University of Pennsylvania’s Wharton School and The College of Arts and Sciences.

Dr. Fakhara Rizwan is a certified director, a qualified corporate lawyer and doctoral scholar (PhD in Corporate Laws from International Islamic University Malaysia), and distinguished to be the only Pakistani having a doctorate on the subject of Corporate Laws governing takeovers and mergers. She has authored a book on ‘Corporate Takeovers and Mergers –A Study on the Banks Role as Adviser’ which is a founding work on the subject and two editions of the same are already published.

She has played a critical role in highlighting the lack of diversity in the legal and corporate sectors of Pakistan. In particular, the lack of women representation as an equity partner in law firms, at senior-most positions of the judiciary and on the board of the companies.

She takes pride to be the first Pakistani member of the Malaysian Corporate Counsel’s Association. During her stay in Malaysia, she provided consultancy to Pakistan High Commission and numerous reputable corporate entities. Furthermore, she was engaged in the pro bono practice for the welfare of destitute Pakistani national residing in Malaysia.

In the year 2014, she returned to Pakistan and joined AlBaraka Bank Pakistan and served it as Company Secretary and Head of Legal Department. She played an instrumental role in the acquisition of Burj Bank Limited by AlBaraka Bank. In the year 2017, she joined ORIX Leasing Pakistan Limited as Company Secretary and Head of the Legal Department. She had been the Vice Chairperson of Non-Banking Financial Institutions and Modaraba Association and representative of the Leasing Industery in FPCCI.

She is a HEC Approved Supervisor to supervise the candidates of PhD. She is a member of the Board of Advance Studies and Research of Shaheed Zulfiqar Ali Bhutto University of Law, and visiting faculty member in various reputable institutions.

She is a member of the International Bar Association and its Committee on Corporate Mergers & Acquisitions, Sindh High Court Bar Association and Malaysian Corporate Counsels Association.

At PSX, she is also serving as nominee director of the Exchange on the Board of Pakistan Institute of Corporate Governance.

Mr. Mitha is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) and completed his Articleship from one of the Big four firms, AF Fergusons, a member firm of Price Water House Coopers (PWC) International. He is also an Associate member of Institute of Cost and Management Accountants of Pakistan (ICMAP).

He started his career in the year 1994 from PWC as an Assistant Manager and brings with him over 25 years of leadership experience in the field of Audit and Finance, in both public and private sectors, including cement and textile industries. Mr. Mitha has previously held the position of Executive Director Finance and Company Secretary of National Insurance Company Limited (NICL).

Currently he holds the position of Member cum Secretary of the Taxation Committee of PSX, Centralized Customer Protection Compensation Fund (PSX) and also a member of various other senior management committees at PSX. His areas of responsibility, besides managing the Finance department, also include strategic planning and medium term financial projection for the development of the Exchange.

Mr. Ajeet Kumar has professional work experience of over 11 years with securities market and he remained a core team member of the Regulatory Affairs Division in the capacity of DGM, Policy & Regulations Development as well as the Secretary of Regulatory Affairs Committee (RAC) of the Board of Directors and Oversight Committee constituted by SECP under the Joint Inspection Regulations, 2015. Prior joining PSX, he worked for SECP for over 4 years in Securities Market Division.

He is well versed with the local capital market dynamics and international practices of securities market regulations and is considered as dedicated professional who is analytical, detail and target oriented. He has expertise in policy making and played a key role in formulating effective regulations and strategies for the development of capital market of Pakistan.

He remained instrumental in various PSX projects where major ones on his credit are Integration and Self-listing of PSX; Framing of regulatory and operational modalities for Market Makers, Index Options, ETF, SLB, SME Listing, introduction of Index/ Market Halts; Listing of Privately Placed Debt Instruments, Margining Regime; Establishment of first-ever on-site joint inspection regime for brokers jointly by PSX, CDC and NCCPL; Consolidation of different sets of regulations into first-ever PSX Rulebook with improvements and Devising of fortnightly reporting framework for effective segregation of clients’ assets by brokers.

Mr. Kumar is an MBA in Finance from IBA Karachi and has cleared Level II of CFA program.

​Syed Adeel Javaid has 23 years of corporate experience and is well versed with the local and international technology and capital market dynamics. He has extensive experience of managing business critical systems & services involving multifunctional teams and large scale project portfolios through strategic technology planning and change management with special focus on digital transformation.

His last appointment was with Kounteq Limited (UK & PK) for 3 years as Chief Technology Officer. Prior to that he has served Bahrain Stock Exchange (Bahrain Bourse) for 15 years where he was serving as IT Director. Earlier, he remained associated with Wavetec Pakistan and APS Control Systems (The Netherlands) for 5 years in middle management roles.

Javaid holds a Bachelor’s degree in Electrical Engineering from NED University, Karachi.

Mr. Farhan Ansari is a Fellow member of the Institute of Chartered Accountants of Pakistan. He is also a Certified Internal Auditor from the Institute of Internal Auditors-USA. He has with him around 19 years’ experience in the field of Audit and Accounts.

Mr. Farhan completed his CA training from EY Ford Rhodes Chartered Accountants and has been associated with the Exchange since 2006. Currently, he heads the Internal Audit function of the Exchange and is also a Secretary to the Board Audit Committee. Prior to joining the Exchange, Mr. Farhan was associated with Dadex Eternit Limited.

Mr. Hashmi has over 23 years of experience in the field of Capital Markets with a strong understanding of trading operations and support functions. Mr. Hashmi remained associated with Emirates NBD Group, UAE for more than 12 years where he has held senior positions including Head of Operations & Business Support for Emirates NBD General Clearing Member and Chief Operating Officer for Emirates NBD Securities Dubai. Moreover, he was part of Operational Risk Control and Head of Brokerage Operations of Emirates Islamic Bank (Emirates NBD Group Co.).

Prior to Emirates NBD Group, he has worked for IGI Investment Bank in the capacity of Head of Brokerage Operations, Lahore Stock Exchange as Manager Clearing House & Settlement and Prudential Securities Ltd. as Branch Manager.

Jawad is an MBA Finance and an Associate of Chartered Institute of Securities and Investment (CISI), UK.

Mr. Hashmi is also serving as nominee director of PSX on the Board of Institute of Financial Markets of Pakistan.

Ms. Asmaa is a CFA Charter Holder and has completed her Bachelors in Business Administration from Institute of Business Administration (IBA), Karachi. She was working for Pak-Arab Refinery Limited as a Corporate Financial Analyst and Risk Manager before joining PSX in October 2015. She has been associated with the Exchange for approximately three (3) years now. Within Company Affairs Department, she has looked into matters pertaining to listing, voluntary delisting, selection of Top 25 Companies, reviewing international best practices and proposing amendments in relevant PSX Regulations. She provided assistance in SME Market development by promoting the SME Board of the Exchange. She has been involved in ad hoc assignments frequently and most recently drafted the White Paper proposing reforms to PSX’s Investor Protection Fund. Her areas of expertise include financial analysis, financial modelling, corporate finance, project management and risk management.

Ms. Raeda Latif has 20 years of experience in the areas of Strategic Marketing, Brand Building, Corporate Communications and Digital Strategy.

Ms. Raeda has held senior positions at various corporates including Faysal Bank, UBL Fund Managers, PMEX, IGI Financial Services, Union Bank, Cyber Internet Services and
Habib Oil Mills.

She holds an MBA (Double Majors in Marketing and IT) from Hamdard Institute of Management Sciences and a Master’s Degree in English. She is a Certified Director from
PICG and a Member of the Chartered Institute of Marketing (MCIM), UK. Ms. Raeda is also a Visiting Faculty Member (Marketing and Brand Management) at Karachi University,
IBA, SZABIST and Greenwich University.

Hassan has over 23 years of expertise in the areas of Asset Management, ETFs, Indices, Financial Analysis, Equity Research, Credit Analysis and Financial Modelling etc.

Prior to joining PSX in 2018, Mr. Raza worked for various positions in Pakistan, North America and Middle Eastern Financial Sector and remained associated with NUST Business School (PAK), Wasatah Capital (KSA), FALCOM Financial Services (KSA), SAMA- Central Bank (KSA), Bank of Montreal (Canada), International Financial Data Services Ltd. (Canada) and Askari Commercial Bank (PAK).

He is a CFA Charter holder, MBA from University of Windsor, Ontario, Canada and a MBA from Quaid-e-Azam University, Islamabad. He is also a Diploma Associate from Institute of Bankers Pakistan, a Bloomberg certified ‘Equity Essentials’ and ‘Commodity Essentials’, has completed Islamic Financial Qualification (IFQ) from Chartered Institute for Securities and Investment, UK and other miscellaneous courses.

Ms. Sanam Kohati has over 16 years of experience in the field of Strategic HR Leadership and Advisory with a strong understanding of core HR areas i.e. Talent Management, Reward Strategy, Organization Development, Employee Relations, Employee Engagement/ Welfare, Coaching & Mentoring, Market Analytics and Employer Branding etc.

Sanam has held senior positions including Head of HR for 2 years at Silkbank and 11 years at Citibank Pakistan, with her last assignment with Citibank being a Sub Cluster HR Head covering Pakistan, Bahrain, Kuwait and Qatar. She has also worked for Pakistan State Oil prior to excelling in the Banking Industry.

She holds an MBA from Institute of Business Administration with a distinction.

Mr. Nisar Ahmed Qazi possesses vast experience in the field of infrastructural development projects that encompasses Civil, Mechanical and Electrical Engineering concerned disciplines. He has acquired the degree of B.Sc. Tech (Civil). Further, academically, he holds Bachelor of Arts (BA) from University of Karachi.

He has extensive 28 years’ experience in the Exchange. Initially joined the organization as an officer (Site Engineer) and currently working in the capacity of General Manager, Administration Department. He supervises overall administration function including Power, Electrical, Mechanical, Air-Conditioning Infrastructures and their operations, infrastructural development and maintenance, Contract Management, Procurement, Travelling & accommodation, Transportation, Safety & Security, Janitorial Services and besides other Exchange related facilities.

Mr. Abbas H. Zaidi has over 13 years of experience in the field of risk management and compliance. He has developed strong expertise in implementation of enterprise risk management framework, evaluation of internal controls, Basel II/III diagnosis and Implementation, etc.

Mr. Zaidi remained associated with Advans Pakistan Microfinance Bank for 3 years where he held the position of Head of Risk & Compliance. He has also worked for six years with Soneri Bank in the area of Risk Management and over 4 years with EY Ford Rhodes as a Senior Consultant for Advisory Services Department.

Abbas is a Fellow members of the Association of Chartered Certified Accountant, UK and a Certified Internal Controls Auditor from the Institute of Internal Controls, USA. He is also a Certified Expert in Risk Management (CERM) from Frankfurt School of Finance & Management, Germany.