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, 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)

Dr Fakhara Rizwan is a highly accomplished professional with a diverse background in law, corporate governance and financial crime compliance. She is an author and a certified director. As the only Pakistani with a doctorate in corporate laws governing takeovers and merger activity in Pakistan, she brings a unique perspective to her work.

Dr Fakhara has authored a book on ‘Corporate Takeovers and Mergers –A Study on the Banks Role as Adviser’, a founding work on the subject and its two editions are already published. Her articles on corporate laws and social issues have been published in several law journals and newspapers.

Dr Fakhara is a Certified Financial Crime Specialist and a member of the Association of Certified Financial Crime Specialists, an internationally recognized association for financial crime compliance professionals worldwide. Her certification enables her to skillfully detect and prevent the broad array of risks that is the new reality of financial crime.

As a director of the Pakistan Institute of Corporate Governance, Dr Fakhara actively contributes to developing and promoting good governance practices in Pakistan. She is also approved by the Higher Education Commission of Pakistan as a supervisor for PhD candidates.

Dr Fakhara’s international experience includes practicing law in Malaysia, where she was the first Pakistani member of the Malaysian Corporate Counsels Association. During her time in Malaysia, she provided consultancy to Pakistan High Commission and various reputable corporate entities.

In 2014, Dr Fakhara returned to Pakistan and worked in prominent financial institutions. She served as the Company Secretary & Head of Legal Department for AlBaraka Bank, where she played an instrumental role in the acquisition of Burj Bank by AlBaraka Bank -a contribution highly valued by its board of directors. In 2017, she joined ORIX Leasing Pakistan as Company Secretary & Head of the Legal Department. Additionally, she held the position of Vice-Chairperson of the Non-Banking Financial Institutions & Modaraba Association and served as a representative for the Leasing Industry in FPCCI.

Since January 2020, she has been working as the Company Secretary and Chief Legal & Corporate Affairs Officer (General Manager) for Pakistan Stock Exchange. She is also a member of its Listing Committee.

DR. Fakhara is not just limited to her professional pursuits. She is also a black-belted martial artist, showcasing her dedication and discipline. Her poetic nature is evident in her book Adhuri Takmeel, which has already seen three successful editions.

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).

Mr. Mitha is also serving as nominee director of PSX on the Board of National Clearing Company of Pakistan Limited. 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 is a thorough capital market professional with 14 years of experience and has been a core member of Regulatory Affairs Division (RAD) since demutualization of the stock exchange. Mr. Ajeet is the head of RAD and also acts as Secretary to the Regulatory Affairs Committee of the Board of Directors, Chairman of Oversight Committee constituted by SECP under the Joint Inspection Regulations, 2015 and member of 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 with strong abilities to manage large teams to fulfil diverse responsibilities in a fair and transparent manner. 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. During his tenure as CRO, Mr. Kumar has transformed to risk based supervision and enforcement regime with emphasis to enhance compliance culture for ensuring investor confidence and trust.

He has played key role in various PSX projects where major ones on his credit include deployment of a robust surveillance system as part of new trading system, digital onboarding of customers, migration to e-filings of reports by regulated entities, integration and self-listing of PSX; framing of regulations for Market Makers, Index Options, ETF, SLB, GEM Listing, Index/ Market Halts, Privately Placed Debt Instruments, risk management regime etc. Mr. Ajeet was actively involved in establishment of first-ever on-site joint inspection regime for brokers, introduction of first-ever Rulebook of PSX and its re-introduction pursuant to promulgation of Securities Act, 2015 and Futures Market Act, 2016 and implementation of clients’ assets segregation reporting framework as a landmark breakthrough.

Mr. Kumar is an MBA in Finance from IBA Karachi and has cleared Level II of CFA program. Besides, he has also been awarded relevant certifications from the Institute of Financial Markets of Pakistan.

Mr. Syed Adeel Javaid has over 24 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. He contributed and was key member of the teams at PSX and Bahrain Bourse who successfully upgraded and migrated Exchanges’ Trading Engines.

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.

Mr. Javaid holds a Bachelor’s degree in Electrical Engineering from NED University, Karachi and had also attained PRINCE2 Practitioner accreditation.

Ms. Raeda Latif has experience spanning over two decades across organizations in the Financial, Information Technology and Retail segments of the economy, ranging from both B2B to B2C organizations. She has a deep understanding of the mechanics and requirements of both organization types in the areas of Strategic Marketing, Brand Building, Corporate Communications, Digital Strategy and the nuances of Business Development.

Ms. Raeda Latif is working with Pakistan Stock Exchange as Chief Marketing and Business Development Officer since 2018. She has held senior positions at various corporates including Faysal Bank, UBL Fund Managers, PMEX, IGI Financial Services, Union Bank – Standard Chartered, Cyber Internet Services and Habib Oil Mills.

She has a well-rounded experience across multiple sectors which includes technical, people and business skills. She has, over the years, exhibited her capability to devise Business and Marketing strategy, analyze business environment, identify and activate revenue streams for financial offerings as well as technology-based products. Her expertise primarily encompasses business development and brand architecture and she exhibits a proficient understanding of the digital processes, management of implementation for business transformation and its impact on business.

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. She is a Fellow member of the Chartered Institute of Marketing (FCIM), United Kingdom. She is an active member of Marketing Association of Pakistan as well as the Karachi Press Club.

In 2018, Raeda Latif launched the Financial Literacy Initiative at Pakistan Stock Exchange which is based on a comprehensive outreach plan that includes in-person seminars, webinars, workshops and digital education including online courses, modules, online education portal, and virtual trading application. As an advocate for UN’s Sustainable Development Goals (SDG), Raeda actively promotes financial literacy to include women in the outreach program to ensure empowerment in the true sense, in accordance with SDG 5 which focuses on gender equality. The program is focused towards both individuals as well as corporates. It incorporates goals for betterment and growth of employees in corporates and organisations.

Furthermore, Raeda is a strong proponent of Environmental, Social and Governance (ESG) and advocates the dissemination of information and awareness on ESG through her work.

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 25 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. 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.

​Mr. Abbas has an overall experience of more than 20 years in the financial sector out of which he has been associated with Pakistan Stock Exchange Limited (PSX) for the last 15 years and during his tenure he has served PSX in various capacities, managing teams involved on the Operational as well as Regulatory fronts.

During his time with PSX he has supervised market operations, listed companies compliance, securities broker compliance, and complaint & default handling. Mr. Abbas has extensively been involved in many critical projects/assignments on the operational and regulatory sides that have helped in evolution of capital market of Pakistan. These projects include launch of Pakistan Unified Corporate Actions Reporting System which is a fully online announcement system for material and corporate disclosures by the listed companies, Bonds Automated Trading System platform and automated compliance monitoring system for listed companies. ​

​Prior to taking on the role of the Chief Listing Officer, Mr. Abbas was serving as the Head of Audit, Inspection, Default and Arbitration Section of Regulatory Affairs, where he was involved in inspections, compliance monitoring and adjudication for securities brokers. In addition, he was also supervising matters pertaining to complaints and default handling including Mediations and Arbitrations. During his tenure with the Department, he was involved in various regulatory reforms and automation projects aimed at ease of reporting, ease of doing business, introduction of RegTech and automation of complaint handling for securities brokers.

Mr. Abbas started his career with PricewaterhouseCoopers Consulting (PwC) currently Abacus Consulting, wherein, he was involved with the Corporate Finance Transactions Department, which was responsible for the privatization projects of state owned entities like K-Electric, SSGC and Jamshoro Power Company. Furthermore, he has also worked in Pak Kuwait Investment Company, a leading Development Financial Institution of the country in the Risk Management Department, wherein, he was involved with development of various financial risk models for the company.​

Mr. Abbas is MBA in Finance from Institute of Business Management (IoBM).

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.

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.