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 32 years, of which c. 16 years have been in C level positions, including board level experience with listed, unlisted, and international companies. His core areas of expertise are business development, operations, investment management, M&A and corporate restructuring. 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 a valuable skill set and experience to the senior team at PSX.

His last appointment was with BMA Capital Management for 3 years as CEO. Prior to that he has served as the Group CEO in Mega & Forbes, and as Managing Director and CEO at KASB Securities, JS Global Capital and Mashreq Asset Management. He was the founder and first CEO of Foundation Securities. In addition, he has been associated with Bukhatir Investments, Fauji Foundation, Standard Chartered Bank, ABN AMRO/Rothschild and Citibank in various junior, middle and senior management roles. In terms of geography, Nadir has travelled to and done business in over 20 countries.

Academically, Nadir holds dual Bachelor’s degrees from the University of Pennsylvania – The 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.

Dr Fakhara is a Certified Financial Crime Specialist and member of the Association of Certified Financial Crime Specialists –an internationally recognized, elite standard association for financial crime compliance professionals in over 80 countries and jurisdictions. The certification allows banking and corporate compliance officers, law enforcement investigators, regulators, auditors and others to skillfully detect and prevent the broad array of risks that is the new reality of financial crime.

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. Ahmed Ali Mitha brings with him a rich and diverse background from the financial sector and is the key strategic resource skilled in leadership and finance. He holds the position of Secretary PSX Centralized Customers Protection Compensation Fund (PSX CCPCF) and PSX Clearing House Protection Fund (PSX CHPF), Trustee PSX Employees Gratuity Fund and also a member of various other senior management committees at PSX. He is also member of the Consultative Committee on Capital Markets Tax Reforms as appointed by Federal Board of Revenue, Government of Pakistan in January 2021. His areas of responsibility, besides managing the Finance department as Chief Financial Officer, also include strategic & corporate planning and medium-term financial projection for the development of the Exchange, preparation of PSX tax proposals for annual Federal Budget, budgeting and revenue remodeling and treasury and funds management. As the top financial officer of PSX, he is responsible for forecasting the organisation’s financial standing and advising the CEO and the Board on strategic direction. Mr. Mitha’s role as CFO underscores the strategic importance of his contribution for Pakistan Stock Exchange.

Mr. Mitha started his career in the year 1994 from PWC and joined PSX in 2006 as Chief Financial Officer. He brings with him over 28 years of rich & diverse leadership experience in the field of Audit and Finance, in both public and private sectors, including insurance, cement and textile industries. He has previously held the position of Executive Director Finance and Company Secretary of National Insurance Company Limited (NICL).

He 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).

Mr. Ajeet Kumar has professional experience of over 12 years working for securities market and has remained a core team member of the Regulatory Affairs Division (RAD) since its formation pursuant to demutualization of the stock exchange. Currently, Mr. Ajeet is heading RAD and is also performing role of Secretary to the Regulatory Affairs Committee (RAC) of the Board of Directors and member of Oversight Committee constituted by SECP under the Joint Inspection Regulations, 2015 and Risk Committee of NCCPL. Prior to joining PSX, he was associated with SECP for over 4 years in Securities Market Division.

He is well versed with the local capital market dynamics and global practices governing securities market and is considered as dedicated professional who is analytical, detail and target oriented. He has expertise in advisory, policy making, research, compliance and enforcement and has been instrumental in formulating effective regulations and strategies for the development of capital market of Pakistan.

He has played key role 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, GEM 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 23 years of 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 26 years of experience in the field of Capital Markets and Banking Services with a strong understanding of financial markets’ business, support functions and risk management advisory. Before joining PSX in 2018, 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; the brokerage arm of the Group providing trading and investment services in stock exchanges of Dubai, Abu Dhabi, Saudi Arabia and Dubai Gold & Commodities Exchange. Moreover, he was part of Group Operational Risk Control unit of the Bank providing risk advisory to various business units of the Bank including Treasury and Capital Markets, Brokerage, Asset Management, Group functions and the international locations; London, Singapore and KSA. Mr. Hashmi has also served as 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 and Lahore Stock Exchange as Manager, Clearing House & Members’ Affairs.

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 seven (7) 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 is a seasoned professional who has varied work experience spanning a period of over 20 years covering strategic marketing & business development to developing the digital side of businesses for enhanced outreach, focusing predominantly in the financial markets. With her diverse expertise delivering long term value, she has exhibited leadership as a chief strategist in the marketing & business development realm. She stands apart as an outlier via exceptional delivery of projects based on her wide-ranging grasp of all things Marketing – nuanced or direct.

Ms. Raeda Latif works at developing business at a strategic level. Her know-how about the financial markets has enabled her to present strategic solutions for business development. Her distinctive understanding of the capital markets combined with her expertise in business development has enabled her to play a crucial role in the various positions she has worked in.

Ms. Raeda Latif, Chief Marketing & Business Development Officer at Pakistan Stock Exchange (PSX), since 2018, brings with her rich & diverse experience having held senior positions in various corporates including Faysal Bank, UBL Fund Managers, IGI Financial Services, Union Bank – Standard Chartered and Cyber Internet Services.

Raeda Latif holds a Masters’ degree in Linguistics along with an MBA with double majors in Marketing and IT. She is a Certified Director from PICG and a Member of the Chartered Institute of Marketing (MCIM), UK. She is also a Visiting Faculty Member at various business schools including IBA, Szabist, and Greenwich University etc.

Hassan has over 24 years of expertise in the areas of Product Development, 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), Yaqeen Capital (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 a diverse experience of 20 years 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, in the last two decades of managing HR, 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 has been in her current role as Chief HR Officer of the Pakistan Stock Exchange for 4 years and is also Secretary of the Board HR Committee.

She holds an MBA with a distinction from Institute of Business Administration and is a position holder.

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).

He has extensive 31 years’ experience in the Exchange & played an active role in developing & implementing Administrative related policies & procedures over the time. Initially joined the organization as an officer and currently working in the capacity of Chief Administrative Officer. He supervises overall administration function including Civil, 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 16 years of experience in the field of risk management and compliance. He has developed strong expertise in implementation of Enterprise Risk Management (ERM) framework, Business Continuity Management System (BCMS), 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 a Certified Expert in Risk Management (CERM) from Frankfurt School of Finance & Management, Germany and also holds ISO 31000 Senior Lead Risk Manager certification from PECB, Canada.