Mr. Farrukh Khan is the nominee director of Pakistan Stock Exchange. At present, he is the Chief Executive Officer (CEO) of Pakistan Stock Exchange Limited. 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.
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.
Other current Directorships/Offices:
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Mr. Ahmed Chinoy is the Nominee Director of Pakistan Stock Exchange (PSX) at PMEX. He is the Managing Partner of Arch Group of Companies and is engaged with overseeing various businesses in different sectors such as security investments, textiles, real estates and poultry.
Mr. Chinoy is a well-known personality and has been privileged to serve the society in different capacities in various fields such as crime issues, business, education, health and social services. He also served as the Chief of Citizen Police Liaison Committee (CPLC) from the years 2010 to 2015.
Mr. Chinoy is the Director of AKD REIT Management Company Limited since 2011 and of Creek Developers (Private) Limited since 2007. For his meritorious services towards the service sector for the betterment of the nation, he was awarded prestigious national awards; Hilal-e-Imtiaz (H.I.) and Sitara-e-Imtiaz (S.I.). Mr. Chinoy is also a PSX nominee Director on the Boards of National Clearing Company of Pakistan Limited and JCR-VIS Credit Rating Company Limited.
He is qualified from Institute of Cost & Management Accountants of Pakistan (I.C.M.A.P) and holds a Bachelor’s Degree in commerce from University of Karachi.
Mr. Faisal Ahmed is a non-executive nominee director of National Bank of Pakistan (NBP). At present, he is Senior Executive Vice President (SEVP), heading Consumer Assets Group.
Mr. Ahmed has over 26 years of experience in banking and finance working in variety of banking departments including credit processing, corporate finance, marketing, product development, data analytics, digital banking, consumer assets and investment back-office functions.
Mr. Ahmed is a Master in Business Administration from Southeastern University, Washington DC, USA and M. Phil. in Management Sciences from SZABIST University with gold medal in both MBA and M. Phil.He has also been a part of the visiting faculty of various universities.
Mr. Ahmed is currently serving as Chairman of First Credit & Investment Bank Limited, and has served in past as director of National Assets Insurance Limited
Mr. Wajahat Aziz Qureshi is a nominee director of National Bank of Pakistan (NBP). Currently he is Group Head Asset & Liability Management at NBP, where he is primarily responsible for managing bank’s balance sheet.
He is a seasoned banker with exposure in global markets, risk, compliance and audit, of over 23 years.
He started his banking career with the State Bank of Pakistan in late nineties, and moved into commercial banking in 2002 and joined United Bank Limited, where he worked in different roles, from treasury & trade audit to market risk, middle office, financial institution & sovereign risk, etc. prior to moving into leading derivatives and structured products and international treasury function, in Pakistan and Middle East.
He has also successfully led treasury function at First Women Bank Limited and Pak Oman Investment Company Limited.
Mr. Wajahat holds a BBA and MBA Finance from Pakistan and an M.Sc. in Investment Banking & Finance from UK.
Mr. Asif Baig Mirza is the Nominee Director of LSE Financial Services Limited (LSEFSL). He is the Chief Executive Officer of ABM Securities (Private) Limited a corporate member of Pakistan Stock Exchange Limited and an elected director of LSEFSL.
Mr. Asif Baig Mirza has passed B. Com (Hons.) from Hailey College of Commerce, University of Punjab, Lahore, in 1971. He joined Habib Bank Limited in 1971 and took training in International Banking also. During this period, he also passed Part1 Exam of the Institute of Bankers Pakistan (IBP). He then joined General Petroleum & Mineral Organization (Petromin) at Riyadh, Kingdom of Saudi Arabia in 1975 and served there as Economic Researcher till 1988. He became Individual Member of former Lahore Stock Exchange Limited in 1994 which was later corporatized into ABM Securities (Pvt.) Ltd.
He has also successfully completed “Wealth Management” training, conducted by Marcus Evans at Mumbai 2008, Certification for “Director’s Training” from Institute of Chartered Accountants of Pakistan (ICAP) in 2013, and training program on AML/CFT compliance for Brokers/Dealers in 2014.
Mr. Asif Baig Mirza has worked in past as director of former Lahore Stock Exchange many times, Pakistan Mercantile Exchange Ltd (PMEX), Pakistan Credit Rating Agency (PACRA), and Pakistan Institute of Corporate Governance (PICG). He had been member of many statutory and other Board committees of these Boards. He had been a member of Securities and Exchange Commission of Pakistan (SECP)’s Task Force for Protection of Minority Shareholders.
Mr. Zahid Latif Khan is the nominee director of Islamabad Stock Exchange Limited (ISE) at Pakistan Mercantile Exchange Limited. Presently, he is the Chairman and Chief Executive Officer of M/s Zahid Latif Khan Securities (Pvt.) Limited, one of the leading corporate brokers of PMEX as well as ISE. Besides running an independent corporate brokerage entity, Mr. Khan also has the distinction of serving as Board member of other capital market institutions such as NCEL Building Management Limited and Metropolitan Solutions (Pvt.) Limited. In addition, he is the Chairman of the Banking and Capital Markets Committee of the Rawalpindi Chamber of Commerce & Industries (RCCI).
During his involvement at the leadership level on the Boards of these capital market institutions, Mr. Khan has been instrumental in advancing the idea of corporate social responsibility and in the implementation of modern governance standards. In addition to his regular contributions at the Board level, Mr. Khan has the distinction of playing key role in the establishment of Unified Trading Platform between Lahore and Islamabad Stock Exchanges, and the operationalization of the PMEX, both of which are considered to be the landmark initiatives at the capital market landscape of the country.
As the Chairman and CEO of his securities firm, Mr. Khan is credit for expanding the network of retail brokerage outlets which has been remarkable growth in the business of his firm besides promoting the culture of stock investments amongst the smaller investors.
Mr. Khan holds a Bachelor degree and has also participated in various other domestic and international training programs, seminars and conferences.
Ejaz Ali Shah is the Managing Director of Pakistan Mercantile Exchange Limited. He has over two decades of diversified experience in domestic and international financial markets.
Previously, he served for 16 years as General Manager at Central Depository Company of Pakistan Limited (CDC). As a part of CDC’s founding team, Mr. Shah played a vital role in developing, positioning and nurturing CDC as a diversified service provider in Pakistan.
Before CDC, Mr. Shah has served in Cordoba Corporation, USA and Fidelity Investment Bank Limited, Pakistan. He also served as the National Chair for International Public Relations Association (IPRA) for the years 2010-11.
Mr. Shah graduated from the University of Oklahoma with Bachelor of Business Administration (MIS).
Farhan Tahir is Chief Financial Officer & Company Secretary at PMEX. He joined PMEX in November 2007 as Manager Compliance. Prior to joining PMEX, he was working in KPMG Taseer Hadi & Co. Chartered Accountants as Manager Audit.
He is an associate member of Institute of Chartered Accountants of Pakistan
Adnan Hafeez has over two decade of experience in Accountancy, Audit, Finance, and IT. He has served Multinational Companies like DuPont and two of the big four Audit firms, PricewaterhouseCoopers and Ernst & Young in Pakistan and Middle East for more than 18 years.
Furthermore, he is certified Six Sigma Green Belt and has led business transformations, process improvements, system deployments and has optimized resource utilization. Adnan has also been part of Rotary International for multiple years.
He holds an MBA Finance degree from International University of Missouri (Pakistan campus).
Zahid Mansoor Ali is Chief Business Officer (CBO) at PMEX. He has over three decades of diversified experience in domestic and international financial markets. He has spent 27 years in the banking industry specifically in the field of Treasury. He has worked for Commercial, Islamic and Investment banks and brokerage firms. He holds an MBA (Finance) degree from Institute of Business Administration (IBA).
Shehzad Hussain Makhani is Chief Risk Officer at PMEX. Prior to becoming CRO, he has served as Head of Operations and Chief Operating Officer at PMEX. Shehzad is an associate member of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) and also Certified Information System Auditor (CISA) of Information System Audit Control Association (ISACA). Prior to joining the Exchange, Shehzad had completed four years mandatory training under Chartered Accountants Bye-Laws from M/S KPMG Taseer Hadi & Co., Chartered Accountants in April 2004 and gained extensive experience in financial and IS audits of various companies, local and multinational entities including financial institutions.
Mr. Tariq Sabih is Chief Regulatory Officer at PMEX. He has professional work experience of over 14 years with Pakistan Mercantile Exchange in various capacities. He was previously holding the position of Senior Manager Regulatory Affairs Division at the Exchange. Prior to joining PMEX, he was associated with Telecard Limited for over 7 years in Internal Audit Department. He had completed his 4 years Articleship from one of the Big four firms, EY Ford Rhodes, a member firm of Ernst & Young Global Limited.
He has played a key role in a number of initiatives at the Exchange, including the consolidation and harmonization of the General Regulations into PMEX Rule Book, formulating compliance processes and regulations for the development of the futures market of Pakistan.
Mr. Tariq holds an MBA in Finance from Hamdard Institute of Management Sciences.
Tariq Nafees has been associated with PMEX since 2007 and is currently heading the Operations department.
Over the years, Tariq has played a pivotal role in the development of standard operating procedures and guidelines of the Market Operations and Clearing & Settlement.
He obtained his Master’s Degree from University of Karachi and has over 20 years of experience across diverse industries such as – edible oil, technology, textile and machinery.
Syed Mumtaz Ali is working as Head of Legal & Membership at PMEX. He joined PMEX in October 2013 as Manager Internal Audit. He has also served as Chief Compliance Officer and Chief Regulatory Officer from June 2015 to May 2021. He has over 25 years of professional experience. Prior to joining PMEX, he worked for the Central Depository Company of Pakistan (CDC) for 11 years. He played a vital role in devising scope of compliance audit of Stock Brokers besides being part other key projects including Business Continuity certification (BS25999).
He has conducted various training programs for the education of brokers. He has also undertaken various courses on compliance, anti-money laundering, internal audit, leadership, time management and business communication. Before CDC, he was associated with E&Y Ford Rhodes Sidat Hyder, Chartered Accountants.
Mr. Ali is a diversified professional and has been contributing towards the development of PMEX.
Farrukh is an expert in providing detailed guidance to managers and employees on improving the accuracy and speed of reporting. He has excellent research skills for undertaking HR initiatives which helps the organizations in transforming HR department and building a strong team. Prior to joining PMEX, Farrukh was associated in leading roles with 360factors, Dany Technologies and Wateen Telecom. He headed HR & Operations functions and helped in transforming HR from traditional to Strategic and contributing to the success of employees as well as the organization.
Kashif Shahzad joined PMEX in September 2017 as a Head of Internal Audit. Shahzad has completed his mandatory training under Chartered Accountants Bye-Laws from M/S KPMG Taseer Hadi & Co., Chartered Accountants in April 2010. Shahzad has over 3 years of experience of functions such as Internal Audit, Accounts and Corporate Secretarial Practices with one of the listed brokerage houses. He has also worked as Manager Finance with a NGO funded by UNAIDS and The Global Fund. Shahzad is an associate member of Institute of Chartered Accountants of Pakistan (ICAP) and Pakistan Institute of Public Finance Accountants (PIPFA).