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Board of directors

Our Visionary
Leadership

Mr. Moin M. Fudda has over 45 years of rich and unique blend of professional experience which encompasses working for the corporate sector and performing diplomatic duties. He holds an MBA (Insurance & Risk Management) from St. Jones University, New York. In his former role as Managing Director of Karachi Stock Exchange (now Pakistan Stock Exchange), he was elected as Chairman of the Corporate Governance Task Force of Federation of European and Asian Stock Exchanges (FEAS). He has helped in creation of Pakistan Institute of Corporate Governance (PICG). He is a Certified Corporate Governance Trainer by International Finance Corporation (IFC) since 2010 and is a Member of Faculty and has also served on the Board of PICG. He has contributed significantly towards development of Corporate Governance Rules for Public sector Enterprises and Corporate Governance Guide for Family Owned Businesses.

He is an Independent Director and Chairman of the Board of Directors of CDC. He also serves as an Independent Director and Chairman of the Audit Committees on the Board of Pak Suzuki Motor Company and Al Meezan Investment Management. He is also an Independent Director on the Board of Merit Packaging Limited as well as a Country Representative for SCOR – A Global Tier 1 Reinsurer. He is a Member of the Insurance Committee of the Policy Board of Securities & Exchange Commission of Pakistan and a Member of Committee of Insurance Sector Reform of the Ministry of Commerce. He is also a Member, Board of Karachi Council on Foreign Relations and a Member, Executive Committee of English Speaking Union of Pakistan. Moreover, formerly he served as Chairman/Member of Alternate Dispute Resolution Committees (ADRC) of the Federal Board of Revenue.

Prior to joining KSE, he was Country Chief of New Zealand Insurance and Commercial Union (CU now AVIVA) and founder MD of CU Life (now Jubilee Life). Since 1990, he has been serving as the Honorary Consul General of New Zealand for Pakistan and being its sole representative, his responsibilities include, consular affairs, trade, education & facilitations of visas. Earlier he held positions such as Country Director, Center for International Private Enterprise, an affiliate of US Chamber, Chairman, Islamabad Stock Exchange, Director and Chairman of the Regulatory Affairs Committee of the Pakistan Stock Exchange, Presidents of Overseas Investors Chamber of Commerce & Industry and Management Association of Pakistan. He has also served on the Boards of Investment & Privatization Commission, Pakistan Institute of Management and Federation of Pakistan Chamber of Commerce & Industry and National Center for Dispute Resolution.

In 2006, Mr. Fudda was conferred the coveted Sitara-e-Imtiaz (S.I.) by the President of Pakistan. In 2002, he was recognized as the Honorary Officer of the New Zealand Order of Merit (ONZM) and in 1990, NZ Commemoration Medal was conferred by the Queen of New Zealand. He has traveled to 130 countries in six continents.

Mr. Badiuddin Akber has more than 20 years of diversified senior management experience in the fields of finance and operations. He has served in various renowned conglomerates in Pakistan as Head of Finance and Company Secretary. He has also served as the Chief Financial Officer and Chief Operating Officer at the National Clearing Company of Pakistan Limited.

Mr. Akber was previously serving as the Chief Compliance and Risk Officer at CDC since June 2015 before being elevated to the position of Chief Executive Officer on January 01, 2019. He is also on the Board of Directors for the following organizations: ITMinds Limited, CDC Share Registrar Limited, Institute of Financial Markets of Pakistan (IFMP) and Naymat Collateral Management Company Limited. He was also the nominated Chairman of the Oversight Committee formed by the Securities and Exchange Commission of Pakistan under Joint Inspection Regulations, 2015.

Mr. Akber has demonstrated extensive expertise in the spheres of Financial Management, Clearing & Settlement, Risk Management, Operations, Product Development and Project Management in the Pakistan Capital Market. As Chief Operating Officer at NCCPL, he played an instrumental role in the implementation of various significant products, services and reform measures which include Revamping of Capital Gain Tax Regime, Unique Identification Number (UIN), Institutions’ Risk Management System, Straight Through Processing of Market Settlements and UIN Information System (UIS) and in the introduction of Leverage Products such as Margin Trading, Margin Financing and Securities Lending & Borrowing.

After completing his Bachelor’s Degree in Commerce from the University of Karachi, Mr. Akber attained various professional degrees in accounts and finance from prestigious national and international institutions. In addition to being a Fellow Member of the Institute of Cost & Management Accountants of Pakistan (FCMA), he also holds ACMA-CGMA (Chartered Global Management Accountants) qualification from the Chartered Institute of Management Accountants (CIMA – UK) and qualification of Chartered Professional Accountant (CPA, CMA – Ontario, Canada).

He has attended the Annual International Institute for Securities Market Growth and Development by the US Securities & Exchange Commission and various seminars and conferences in UK, India, Europe and Far-East countries on risk management, clearing & settlement and surveillance of capital market operations.

Dr. Aamir Matin has over 35 years of work experience in the IT industry both in Pakistan as well as abroad. He is currently the Head of Technology for HBL, prior to which he was the Country Manager for Cisco Systems Inc. in Pakistan for a number of years. Dr. Matin has also worked at senior levels with the Government serving as the MD of the Pakistan Software Export Board as well as Advisor on IT to the Federal Minister for IT and Telecommunications, Government of Pakistan during 2002-2006. His early career was with the United Nations Development Program, working with countries in the Asia Pacific region on the use of Information Technology to enhance productivity in their public sectors.

Dr. Matin has a BS in Electronic Engineering, an MS in Computer Engineering, and a PhD in Information Technology. He has taught graduate level courses at some of the leading universities of the country.

Mr. Abid Ali Habib is a shareholder director on the Board of Pakistan Stock Exchange Limited. He is the Chairman of the Trading and Commercial Affairs Committee of PSX. He is also a member of the Human Resources and Remuneration, Listing & Voluntary Delisting, Audit, and Market Development & New Products Committees of PSX board. As a member of the Listing Committee, he plays an instrumental role in approving the listing applications and prospectuses of various reputed companies.

He has previously served as the Chairman and Chief Executive of Abid Ali Habib Securities (Private) Limited and as the Director of Aba Ali Habib Securities (Private) Limited. He has served on the board of the stock exchange for various terms between the years 1995 and 2015. During these terms, he has been a part of 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 a 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. He was also actively involved in the listing process of PSX and played a key role in the roadshows conducted by the Consultant to the Issue for sale of shares of PSX through book building.

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.

Mr. Ahmed Chinoy is the Managing Partner of Arch Sons Group of Companies and is engaged in various businesses including security investments, textiles, real estate and poultry farming.

He is an elected Director on the Board of Pakistan Stock Exchange Limited (PSX) and also a member of Audit Committee, Human Resources & Remuneration Committee and Listing & Voluntary De-Listing Committee of PSX. He is nominated by PSX as a Director on the Board of Directors of Pakistan Mercantile Exchange Limited and National Clearing Company of Pakistan Limited.

He has served the society in a variety of capacities in the areas of business, education, and health and crime prevention. He has successfully served as the Chief of Citizen Police Liaison Committee, Sindh (a citizens’ body for prevention of crimes) from the year 2010 to 2015. He is also the Chairman of Pakistan Cloth Merchants’ Association (the apex body of textile exporters). He has also been actively serving on the Boards of various medical and educational institutions and as the President of All Pakistan Memon Federation. Previously, he has served on the Managing Committee of Federation of Pakistan Chamber of Commerce & Industry (FPCCI). For his services to the people of Pakistan, he has been awarded the prestigious national awards of Hilal-e-Imtiaz and Sitara-e-Imtiaz.

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. Aqeel Ahmed Nasir has rich professional experience spread over 29 years in diversified fields of Law, Corporate and Regulatory Affairs. He is currently serving as the Company Secretary & Chief Legal Counsel of United Bank Limited (UBL). At UBL, he oversees and supervises legal, corporate and regulatory matters, both for local as well as for overseas operations and subsidiaries/associates of UBL. Being part of the senior management of UBL, Mr. Nasir is a member of various Management Committees. He also spearheaded the legal team for the issuance of GDRs of UBL and their enlisting on the London Stock Exchange.

Before joining UBL in 2006, he has served various public and private sector reputed and large companies/corporations including Sui Southern Gas Company Limited (SSGC) where he served as Company Secretary and General Manager (Legal).

Mr. Nasir is a qualified Solicitor of Senior Courts of England & Wales and has a practicing certificate under Solicitor Act 1974, issued by Solicitor’s Regulation Authority (SRA). He also has a Master of Laws (LL.M.) degree from the University of London, England.

He serves on the Board of Directors of Kot Addu Power Co. Limited (KAPCO), Pakistan Institute of Corporate Governance (PICG), and United Executor and Trustee Limited (a wholly owned subsidiary of UBL).

Mr. Nasir also led the incorporation and startup of Pakistan Corporate Restructuring Company Limited. He was appointed as the Chairman of Steering Committee, constituted by the top five banks, to steer the pre-incorporation steps, including deliberations on business and financial models of the company, obtaining regulatory approvals and proposing the amendments in the applicable relevant legal and regulatory framework. This company is first of its kind in Pakistan to facilitate the banking sector in the recovery of NPLs and revive sick industrial units.

Mr. Nasir is a Certified Director from Pakistan Institute of Corporate Governance and was part of the Task Force, constituted under the ambit of PICG, to review the code of Corporate Governance-2017.

Mr. Muhammad Ashraf Bawany is the President of Ghani Global Group of Companies which comprises of Ghani Global Holdings Limited, Ghani Global Glass Limited and Ghani Chemical Industries Limited (formerly Ghani Gases Limited).

He served as Chief Executive and Managing Director of Linde Pakistan Limited (a subsidiary of BOC Group plc and a Member of Linde AG, Germany) and later served as Advisor to Chairman & Board of Directors. 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.

Mr. Bawany is nominated by Pakistan Stock Exchange Limited (PSX) on the Board of Directors of CDC where he is also serving as a Member of Audit and IT Steering Committees. He is also a Director and Chairman of CDC Share Registrar Services Limited (CDCSR) and nominated by the CDC Board on the Board of Directors of ITMinds Limited – a wholly owned subsidiary of CDC.

Besides CDC, he is serving as a Director on the Boards of Pakistan Stock Exchange Limited (PSX), National Clearing Company of Pakistan Limited (NCCPL), Pakistan Institute of Corporate Governance (PICG) and VIS Credit Rating Company Limited. He is a Member of Nomination Committee, Human Resources & Remuneration Committee and Voluntary Delisting Committee of PSX.

He is a fellow member of ICMAP and ICSP. He also holds a Bachelor’s degree in Commerce (B.Com) and Law (LLB) and has done various advanced management courses from local and foreign institutions. Mr. Bawany is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG), and Chairman of the Board Audit Committee of PICG. He takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate / trade and Welfare platforms.

He is a Member of Welfare Committees of Aziz Tabba Foundation, Tabba Heart Institute (THI) and Tabba Kidney Institute. He is also a Member - Advisory Board of Help International Welfare Trust and Member - Supreme Council of Jetpur Memon Association.

He is the former President of Institute of Cost and Management Accountants of Pakistan (ICMAP) and Pakistan Institute of Public Finance Accountants (PIPFA). He played a pivotal role in the development and expansion of ICMAP and ICAP. He has served as the Chairman of Examination, Education, Seminar & Conference Committees at ICMAP and Member Joint Committee & Member Committee for Best Presented Annual Report at ICAP & ICMAP respectively.

Previously, Mr. Bawany has served as Member - Listing Committee of PSX and Chairman - Board Audit Committee of NCCPL. Additionally, he was Vice President of Bin Qasim Association of Trade & Industry (BQATI) & also contributed as Member - Taxation Committee at the Overseas Chamber of Commerce & Industry. He was also the Chairman of Pakistan German Business Forum (PGBF) & Director on the Board of Pakistan German Chamber of Commerce and Industry (GPCCI). He was also President of Memon Professional Forum (MPF) as well as Chairman, Strategic Advisory Board at MPF. He has served as Member Board, South Asian Federation of Accountants (SAFA) as well as Technical Advisor to IT Committee of International Federation of Accountants.

Jehan Ara is the President of the Pakistan Software Houses Association for IT & ITES ([email protected]). She has been spearheading efforts at [email protected] for the past 17 years during which time she was responsible for developing the [email protected] brand and for creating linkages between [email protected] and local and international partners. Jehan has vast experience in Marketing, Communications and interactive New media in Hong Kong, the Far East, the UAE and Pakistan. She is a motivator, an entrepreneur, a social activist and a strong propagator of extending the power and use of Information and Communication Technologies beyond pure traditional business, to empower and enable communities.

Jehan sits on the Advisory Boards of the Punjab IT Board, the Sindh IT Advisory Board and on the various universities including Habib University and IBA. She is also the President of Bolo Bhi, a Research Based Civil Society organization that focuses on Open Access. Jehan is also on the World Bank Advisory Group on Gender Diversity. She is also a Board Member of the Institute of Development and Economic Alternatives (IDEAS) which is a nonprofit research organisation established to promote, assist, support, simulates, undertake and manage policy research and advocacy. Jehan is also a Member of the PM’s Taskforce for IT & Telecom.

She set up The Nest IO – a technology incubator, accelerator and innovation community hub in Karachi in January 2015, with the support of Google for Entrepreneurs to help provide a platform for aspiring technology businesses in the buzzing city of Karachi. Since then The Nest IO has incubated 189+ startup businesses and created a strong community of young people.

The Nest I/O’s flagship innovation and entrepreneurship conference 021Disrupt has become to go-to premier event that brings together startups, innovators professionals, investors and students on a platform to engage, learn and collaborate.

Mr. Muhammad Sibghatullah Khalid has over two decades of diversified experience and has worked on several assignments for Microfinance institutions and Banks, Commercial Banks, manufacturing concerns; administrative and operational assignments both in Pakistan and abroad.

Mr. Khalid has worked with organizations including Khushhali Bank; Mobilink; FINCA Afghanistan; First Microfinance Bank Afghanistan; and the Attieh Steel KSA. During his various assignments, he has had extensive exposure to Financial Controls and Regulatory Compliance, Working Capital Management; ERP development and implementation, cross border project financing facilities including export credit agencies and multilateral lending agencies financing facilities, due diligence methodologies, portfolio management, financial analysis and Risk Management practices.

Currently, he is the Chief Executive Officer/ Managing Director of LSE Financial Services Limited (formerly Lahore Stock Exchange Limited). He also serves on the Board of Directors of National Clearing Company of Pakistan Limited.

Mr. Khalid is a Fellow member of the Institute of Chartered Accountants of Pakistan. He has also worked with Deloitte, Grant Thornton and E&Y Chartered Accountants during his career in different roles.

Mr. Tariq Rafi is the Chairman of Siddiqsons Group and is a recipient of the coveted Civil Award Sitara-e-Imtiaz. He was awarded the prestigious Best Businessman award for the year 1999 and 2012 and best Export Trophies between years 1980 to 2005. He has been awarded the Privilege Card by the Prime Minister of Islamic Republic of Pakistan for being one of the top tax payers.

He is also the Honorary Consul General of Republic of Serbia. He also serves on the Board of Directors of MCB Bank Limited, Siddiqsons Limited, Siddiqsons Tin Plate Limited, and Triple Tree (Pvt.) Limited (Ocean Tower).

Syed Majid Ali is a fellow member of the Institute of Chartered Accountants of Pakistan, presently working as Chief Financial Officer at Faysal Bank Limited. Prior to this position, he has served as Chief Financial Officer at Saudi Pak Commercial Bank Limited (now Silk Bank Limited) and Emirates Bank International PJSC (Pakistan operations). He has also served as a Partner in KPMG Taseer Hadi & Co, Chartered Accountants.

Mr. Ali has rich experience in banking mergers and acquisitions (M&A). He was the member of the core team responsible for the sale of Emirates Bank International PJSC (Pakistan Operations) and Saudi Pak Commercial Bank Limited. He was also actively involved in the acquisition of RBS Pakistan operations by the Faysal Bank Limited and its subsequent integration. In addition to Accounting & Finance, he has gained rich experience in the areas of Strategy, Human Resources and Technology. He has supervised Strategy, Technology and Administration functions at Faysal Bank Limited.

He is a member of the Accounting and Taxation Committees of the Pakistan Banks’ Association (PBA), Overseas Investors’ Chamber of Commerce and Industry (OICCI), and Pakistan Business Council. He is also a member of the Income Tax Bar Association, Karachi.

Mr. Wang Baojun has 25 years of experience of working in Development Financial Institutions, with diversified exposure in the areas of Credit Management, Finance, Research, Information Technology and Planning.

Before assuming the office of Managing Director/Vice Chairman of the Board of Directors of Pak China Investment Company Limited in May, 2018, he served as the Head of Australian Group of China Development Bank (CDB) as Senior Commissioner. During his affiliation with CDB, he held positions of Division Director of Credit Management and Division Director of International Cooperation & Study in International Finance Department. He also served as Deputy Division Director of Confidential Affairs as well as Deputy Division Director of General Affairs in General Office at CDB.

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 a Security Practitioner.