KASB MODARABA - Key Persons
Mr. Shaikh has been associated with Pak Brunei since inception and is currently serving as the Chief Operating Officer. He also holds directorships on the Boards of Nimir Industrial Chemicals Limited, Citi Pharma Limited, Yaqeen Developers Privated Limited, Primus Leasing Limited and Awwal Modaraba Management Limited.
Mr. Shaikh carries with him over four decades years of diversified professional work experience in Project Management & Civil Engineering, Corporate Finance, Credit Administration, Human Resource Management, Information Technology and General Administration. Mr. Shaikh worked as a civil engineer for ten years in Saudi Arabia before joining Saudi Pak Industrial & Agricultural Investment Company. He remained with Saudi Pak for over twenty years and was a key member of the senior management team involved in all strategic business decisions. He represented Saudi Pak on the boards of various manufacturing and service sector companies. Amongst other, these included Saudi Pak Commercial Bank, Saudi Pak Insurance Company, Fecto Cement Co. Ltd., General Modaraba Services (Pvt) Limited, Al Hamara Hills Pvt Ltd and Japan Power Generation Co. Ltd.
Job Titles:
- Chief Executive
- Chief Executive Officer
Mr. Karim formerly served as Group Head Advisory & Strategic Investment Group of Pak Brunei. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan with twenty years of post- qualification experience of working in Non- Banking Finance Companies and Development Finance Institutions in various management cadres including Chief Operating Officer and Group Head. Areas of specialization include development and implementation of business strategies, turnaround of companies as well as investment banking divisions of development finance companies with emphasis on revival of sick units and financial advisory, recovery and restructuring of infected portfolios, corporate finance, treasury, capital, market operations, finance and credit appraisals.
Khalid Mirza has nearly 50 years of work experience. From 1966-68, he served in a variety of executive positions in the Asmirali Fancy Group, a diversified business conglomerate. Between 1968-83, Mr. Mirza gained extensive investment banking experience both in Pakistan and in the United Kingdom in the areas of project finance, corporate mergers and acquisitions, securities issuance and trading, and portfolio management. He joined IFC as an investment officer in February 1983. Rising through successive promotions, he served as IFC's Chief of Mission in Turkey (1994-96) and Chief of Regional Mission in Thailand (1998-2000). Mr. Mirza has served at various positions in Investment Corporation of Pakistan (ICP), Credit & Finance Corporation - London; International Finance Corporation (IFC) (Member, World Bank Group) and The World Bank - Washington DC, USA. Besides this, he also served as Chairman - Securities & Exchange Commission of Pakistan (SECP); Chairman and Chief Executive - Monopoly Control Authority, GoP; Chairman and Chief Executive - Competition Commission of Pakistan and Member - Competition Appellate Tribunal. Mr. Mirza is also the Chairman and Independent Director of Orix Leasing Pakistan Limited, Independent director of SILK Bank Limited and Independent Director of the Board Mediterranean and Gulf Insurance and Reinsurance Co. B.S.C., Bahrain.
Mr. Rizvi joined Pak Brunei in 2012 and currently heads the Credit Risk and Project Monitoring Department. He has thirty-five years' work experience encompassing Investment Banking, Project Financing, Structured Finance, Monitoring & Restructuring, Special Assets, Capital Markets, and Regulatory & Internal Compliance. Prior to joining Pak Brunei he worked with a number of financial institutions including National Bank of Pakistan, National Development Finance Corporation and First Credit & Investment Bank. Mr. Rizvi holds an MBA in Finance & Marketing from the IBA, Karachi and a Diploma from the Institute of Bankers in Pakistan (DAIBP). He has been a nominee director on a number of listed and unlisted companies. Apart from professional commitments he takes a keen interest in social & environmental issues - being a member of Shehri - Citizens for a Better Environment, and youth development - regularly serving as a judge at public speaking contests.
Job Titles:
- Director
- Managing Director, National Investment Trust Limited
Mr. Shahid Ghaffar has worked as Managing Director, National Investment Trust Limited (NITL) (2014-2017). He possesses vast experience of working at top positions in the financial sector. He was worked as Head of Investor Relations and Corporate Representation as well as member of Management Forum at Habib Bank Limited (HBL). Prior to that he had also served as Chief Executive Officer of HBL Asset Management Limited for over six years (2005-2012) and was instrumental in the establishment and growth of the company. Mr. Ghaffar has held key positions in the areas of asset management, capital market regulation and governance. At Securities And Exchange Commission of Pakistan (SECP) he served as Executive Director/Commissioner from 2000 to 2005 and played a vital role towards the implementation of wide ranging reforms in the Capital Market and capacity building of Securities Market Division of Securities And Exchange Commission of Pakistan (SECP). While working as Managing Director/CEO Karachi Stock Exchange during his two years' tenure (1998-2000) he introduced effective risk management measures and was also instrumental in the automation of trading, enhancing capacity building and professionalism at the Stock Exchange. During the period 1977-1998, Mr. Shahid Ghaffar had served National Investment Trust Limited (NITL) (one of the biggest open- ended funds in the country) in different capacities in the Asset Management Division and at various stages was responsible for managing equity market portfolio, debt/fixed income portfolio and trading desk. He was also involved in the appraisal and monitoring of projects. In 1996, Mr.Ghaffar was entrusted responsibility of Asset Management Division. He actively participated in the reconstruction of NIT during the crisis period i.e. 1996-1998. Mr. Ghaffar holds Master Degree in Business Administration from Gomal University D.I.Khan, Khyber Pakhtunkhwa, Pakistan. He has attended several courses on Securities Regulations and Securities Markets Development and portfolio management including the prestigious course conducted by Securities and Exchange Commission, in Washington, DC. (United States).
Job Titles:
- Head, Advisory and Capital Markets
Mr. Mansoor Ahmed has thirteen (13) years of diversified experience in Advisory, Investment Banking and Equity Research. He joined Awwal Modaraba in early 2017 as Head of Advisory and Capital Markets. He is managing Awwal Modaraba's equity investments portfolio. Since joining Awwal Modaraba, he has worked on and successfully closed many advisory assignments including due-diligence on various companies, advising clients on raising fresh capital through Initial Public Offering (IPO), advisory for merger transaction and valuations. Prior to joining Awwal Modaraba, Mr. Ahmed was associated with Advisory and Strategic Investments Group (Investment Banking Division) at Pak Brunei Investment Company. He joined Pak Brunei In February 2008 and served in various capacities including Acting Head of Investment Banking. He was actively involved in transactions relating to structured debt financing, project and rehabilitation financing, merger & acquisition deals, capital raising through debt / equity markets and underwriting. He worked on Pak Brunei's proprietary equity investments including revival / growth capital and hybrid instruments and special initiatives like establishment of a subsidiary for Modaraba business and conducted due-diligence exercise for acquisition of a leasing company. Previously, Mr. Ahmed worked at research department of Taurus Securities Limited (a subsidiary of National Bank of Pakistan) for around three years. He served as Senior Research Analyst responsible for conducting in-depth analysis and research on the local equity market as well as listed companies and proposing investment strategies to institutional and retail clients. During his stay at Taurus Securities, he released a number of research reports on many listed companies and different sectors. Mr. Ahmed holds a degree of Masters in Business Administration from University of Karachi's Business School. He also represented Pak Brunei on the board of a client, an auto vendor company.