Dr. Izhar Hussain (Chairman of IFMP)

Izhar Hussain works for the Center for Executive Education, Institute of Business Administration (IBA). Before the current engagement, he spent more than 25 years at senior management positions in various MNCs, including Abbott, where he was the Director Business Excellence and Development and had a regional role for Business Excellence as well. His region consisted of Korea, Indonesia, India, Pakistan, Gulf/ Levant, Saudi Arabia and Egypt. Before joining Abbott, he also coordinated WHO-UNICEF projects in the Eastern Mediterranean Region.

His experience encompasses marketing & sales, business development, performance excellence management, supply chain management and business excellence. He holds PhD and MBA in Marketing. He is Certified Auditor for ISO 9000 & Certified Six Sigma Black Belt. He has been imparting training within and outside Pakistan. He taught in various business and pharmacy schools for last 25 years. He also helped various institutions in curriculum development, and acquiring collaboration with various academic institutions and world recognized professional bodies. He also worked as a Corporate Representative in the Accreditation Inspection Committee (AIC) of the National Business Education Accreditation Council (NBEAC), the Higher Education Commission (HEC). He serves at boards of studies of various academic institutions.

He holds memberships of various international professional bodies such Academy of Human Resource Development (AHRD-USA), American Society of Quality (ASQ), & International Society of Pharmacoecomonics & Outcome Research (ISPOR-USA). He is a member Marketing Association of Pakistan and Management Association of Pakistan, and on the editorial board of Journal of Strategy and Performance Management. He also served as an expert for the National Testing Service’s Medical Representatives’ Certification. He published research papers and wrote articles on topics of common interest in local newspapers, magazines and periodicals.

Mr. Muhammad Ali Khan (Chief Executive Officer)

Muhammad Ali Khan holds a Masters of Business Administration (Finance) degree from Durham University Business School United Kingdom and a Master of Business Administration (MIS) degree from Institute of Business Administration (IBA) Karachi, Pakistan. Additionally, he is also a Law Graduate of University of Karachi, Pakistan.

Muhammad Ali Khan has more than 10 years of experience in Capital Markets, Research & Policy Development and Corporate Banking. He has worked with World Bank and Asian Development Bank (ADB) on several policy and development related assignments mainly focusing on Capital Markets and Insurance industry reforms.

Prior to joining IFMP as a Chief Executive Officer, he was working with AL Habib Capital Markets Pvt. Ltd. mainly focussing equity research and business strategy.

Dr. Zeeshan Ahmed

Dr. Zeeshan Ahmed is an Associate Professor at KSBL. Prior to joining KSBL he was heading the undergraduate program in Accounting and Finance at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS). Dr. Zeeshan has over ten years of diverse experience including training, research and consultancy experience. After completing his MBA from IBA Karachi, he worked as a management consultant with Ferguson Associates, an affiliate firm of PricewaterhouseCoopers. He completed his Ph.D. from Mississippi State University, US in the discipline of Finance. Professionally, he is a CFA and has also passed all CPA examinations – the two most respected professional qualifications in Finance and Accounting respectively.

His decade-long experience as an academician comprises of teaching and training using a variety of pedagogical techniques (including case method) at top business schools in Pakistan. He has also been influential in shaping the curriculum for business education at these schools. There are several areas in which Dr. Zeeshan has designed and conducted executive training workshops. Some notable mentions are Finance for Non-Financial Managers, Corporate Financial Management, Management Development Program, Understanding Corporate Financial Statements, Islamic Finance, and Accounting for Executives

Mr. Ashraf Bava, CFA

Mr. Ashraf Bava, CFA CFA is the Chief Executive of Nael Capital (Private) Limited, a corporate member of Pakistan Stock Exchange (formerly Karachi Stock Exchange). Mr. Bava's association with Pakistan's capital markets dates back to 1995 and has over 20 years of experience. He joined Indosuez WI Carr Securities (Pvt) Limited now Elixir Securities Pakistan (Private) Limited in August 1999 and worked there as Senior salesperson, Head of Sales before being elevated as the Chief Executive of the company in October 2005. He served in that capacity until February 2008, thereafter, founded Nael Capital to pursue his own business in equity markets. Mr. Bava has done his BBA (Hons) and MBA with majors in marketing from Institute of Business Administration, Karachi in 1994; he is also a Chartered Financial Analyst (CFA) from CFA Institute, USA. Mr. Bava has served on the board of Karachi Stock Exchange Guarantee (Ltd.) and National Clearing Company of Pakistan (Pvt) Ltd in the year 2011. As part of his volunteer work he is also the President of the CFA Society of Pakistan since October 2013. He has been volunteering for the CFA Society Pakistan since its inception in 2002 and has held various office positions and committee chairs of the society over the years.

Mr. Ejaz Ali Shah

Mr. Ejaz Ali Shah Shah is the Managing Director of Pakistan Mercantile Exchange Limited. He has over two decades of diversified experience in domestic and international markets. Previously, he served for 16 years as General Manager - Head of Marketing & Customer Support Services at Central Depository Company of Pakistan Limited (CDCPL) where he played a vital role in developing, positioning and nurturing CDC as a diversified service provider. As a part of CDC’s founding team, he also played an instrumental role in developing CDC’s brand value and recognition as one of Pakistan’s most established financial institutions. Prior to joining CDC, Mr. Shah has served as a Systems / Programmer Analyst in Cordoba Corporation, Los Angeles from November 1989 to January 1992. Later he worked with the Management Automation Group as a Project Manager from January 1992 to February 1994 and in Fidelity Investment Bank Limited as Manager, Money & Capital Markets, from February 1994 to March 1997.

Mr. Shah obtained Bachelor of Business Administration (MIS) from the University of Oklahoma, USA in 1989. He also served as the National Chair for International Public Relations Association (IPRA) in Pakistan for the years 2010-11.

Mr. Imran Zafar

Mr. Imran Zafar is the Head of Merchant Banking Group at Bank Alfalah Ltd. Imran is a seasoned professional having over 15 years of experience in the field of investment banking, capital markets, strategy, & principal investing in Pakistan and the UK. Prior to joining Bank Alfalah, he was associated with Dhabi Group, MCB Bnak, Elixir Securities and Dresdner Kleinwort Wasserstein. Imran holds a Master degree in Economics from University of London.

Mr. Hasanali Abdullah

Mr. Hasanali Abdullah Abdullah qualified as Chartered Accountant in 1973 and is also a “Certified Director” from Pakistan Institute of Corporate Governance. Mr. Hasanali has been associated with EFU General Insurance Ltd since 1979 and was appointed as Managing Director & Chief Executive of EFU General Insurance Ltd. in July 2011.He is also the Director of two other companies of EFU Group i.e. Allianz EFU Health Insurance Ltd. and EFU Services (Private) Ltd.

He is Director of Tourism Promotion Services (Pakistan) Ltd. (owners of Serena Hotels in Pakistan), Honorary Treasurer of Aga Khan Hospital & Medical College Foundation, Member of National Committee of Pakistan of Aga Khan University Foundation, Geneva and Chairman of Pakistan Insurance Institute.

He has served on the Boards, Council and Committees of various Aga Khan Development Network institutions from 1976 to 2002. He has been Director of Pakistan Institute of Corporate Governance in 2011, Chairman of Insurance Association of Pakistan for the year 2008 and 2010-11, Executive Committee Member of Federation of Pakistan Chambers of Commerce & Industries for 2011 and Vice-Chairman of Pakistan Insurance Institute.

Dr. Muhammad Mohsin Khan

Dr. Muhammad Mohsin Khan is the Director of Institute of Management Sciences (IM-Sciences) Peshawar. His educational qualifications include a Doctorate in Business Administration from San Diego, California, USA, in 1986. After returning to Pakistan he joined a development financial institution in Islamabad and worked for the promotion of business and industry in the less developed areas of Pakistan. Thereafter, he joined the founding team that established the Bank of Khyber in 1992. A challenging job was to enhance the access to credit for the people of Khyber Pakhtunkhwa in particular and the country in general. As an Executive Vice President his main areas of responsibilities were banking operations, project financing, and training and research. In 2004, he left the banking sector and conducted research and consultancy assignments in Pakistan and Afghanistan for multinational organizations

Dr. Muhammad Mohsin Khan joined the Institute of Management Sciences, Peshawar in March 2005 as the Joint Director (Academics). He worked with his team members for introducing new academic programs, developing need based scholarship programs and enhancing the quality of the programs and facilities. In February, 2013, he was appointed as the Director of the Institute of Management Sciences. His focused areas include fostering linkages with industry and improving the employability skills of the students; honing their skills for working in a knowledge economy, and conducting research that has an impact value for industry and the society.

He has attended various seminars, symposiums and conferences, both nationally and abroad during his academic and professional career spanning over 27 years. His academic interests are in strategy development, financial services and entrepreneurship.

Mr. Saad Khan Al-Marwat

Mr. Saad Khan Al-Marwat Marwat is an Assistant Professor at NUST Business School, faculty of Finance & Investment from 2013. Prior to joining NUST he was in Duke Street Capital London. He completed private equity research focused on identifying potential UK-based acquisition targets within sub-sectors of the Oil & Gas industry. Prepared investment report based on market analysis, industrial analysis, market mapping and company analysis of over 140 companies to select defendable and scalable platforms for investment. He completed his MBA (on merit) from Cass Business School, London in 2012. He was also Teaching Assistant for Mergers and Acquisitions Module for Cass Executive Education. Completed his Bachelors in Economics, Accounting, Law in 1994 (Presidential Scholarship). His decade-long experience as an academician comprises of teaching and training using a variety of pedagogical techniques (including case method) at top business schools in Pakistan. He is also an IFC certified trainer at PICG. He has also been influential in shaping the curriculum for business education at different schools. There are several areas in which Dr. Marwat has designed and conducted training workshops. Some notable mentions are Understanding Corporate Financial Statements, Islamic Finance, and Accounting for Executives.

Mr. Aftab Ahmed Diwan, Director

Aftab Ahmed Diwan started his career with Citibank in 1981. During his long tenure with the bank, he had varied exposure in different operational and business areas, which also included offshore assignments. Among the areas in which he served locally include Financial Control, Credit and Worldwide Securities Services. Apart from local assignments he also served Citibank Romania as Securities Business Manager looking after both business and operational activities and Citibank United Kingdom as Project Co-coordinator for Securities related Cash Exception Project.

He then joined CDC in 1999 and is currently serving as the Chief Executive Officer. He has previously served as the Chief Operating Officer from 2004 to 2017 and Head of Operations from 1999 to 2004 at CDC. He has represented CDC at various international forums including the Association of National Numbering Agencies (ANNA) and Asia-Pacific Central Securities Depositories Group (ACG). He has also served as the Chairman of the Consultative Group on Capital Markets, formed by the Securities and Exchange Commission of Pakistan from May 2009 to September 2010.

Mr. Haroon Askari

Mr. Haroon Askari has been associated with Pakistan Stock Exchange Limited since December 2005, whereby, he has served in various senior management capacities including initially as Head of Operations and later as Deputy Managing Director of the Exchange since August 2011. Upon expiry of the term of appointment of Mr. Nadeem Naqvi, the Board of Directors appointed Mr. Askari as the Acting Managing Director with effect from June 16, 2017 till the formal appointment of new Managing Director.

Mr. Askari holds a B.Sc. Degree from the University of Karachi and has also completed one year post graduate diploma in Business Administration from the Institute of Business Administration, Karachi. He has an extensive local and foreign experience in the fields of capital market, brokerage, media, real estate and textiles. Prior to joining Stock Exchange, he was involved in real estate and textile businesses and had also served as CEO of Sun TV.

With a deep insight of stock market operations, brokerage business and with his personal contacts with multiple international bourses and foreign dignitaries, he has made significant contributions to Exchange’s business growth. He is regularly invited to attend various seminars, conferences and events related to securities and capital market operations, within and outside the country, and remained a keynote speaker at various occasions.

In the role of Deputy Managing Director of the Exchange, Mr. Askari looks after the overall operations of the Exchange and the functional areas of Company Affairs, Trading & Member Affairs, Administration, Information Technology and HR and ensures compliance of requirements provided in relevant laws, rules, regulations and directives, including the matters related to demutualization and divestment of shares of the Exchange.

Mr. Askari has been actively involved in the resolution of Exchange’s operational matters with the SECP, TREC holders, NAB, FIA, Provincial land and utility authorities etc. He is also managing regulatory aspects of operations along with day to day affairs of infrastructure management, IT Procurement, HR operations, Union (CBA) affairs and overall physical security of the Exchange, including but not limited to the new building project, electrical/ engineering works and complaint resolutions. Mr. Askari has been nominated by PSX to serve as a Director on the Boards of National Clearing Company of Pakistan Limited, Institute of Financial Market of Pakistan and JCR-VIS Credit Rating Company Limited. He has also been appointed as the Chairman of Listing Committee, the Convener of Voluntary De-listing Committee and a member of Investment Committee, Taxation Committee and IT & IS Steering Committee

Other Directorships:

  • Director, National Clearing Company of Pakistan Limited
  • Director, Institute of Financial Market of Pakistan
  • Director, JCR-VIS Credit Rating Company Limited
Ms. Mashmooma Zehra Majeed

Ms. Mashmooma Zehra Majeed completed her Chartered Financial Analyst (CFA) program in 2001 from the CFA Institute and the Financial Risk Manager (FRM) Program in 2010. She has been associated with the asset management industry in Pakistan for over ten years with her forte being in investment management and product development.

She has played an instrumental role in launching the first Islamic open-end mutual fund in Pakistan as well as the launch of the voluntary pension scheme in Pakistan under the Voluntary Pension System Rules. She has been actively involved with MUFAP throughout her career. She has previously worked in senior positions in Atlas Asset Management Limited, JS Investments and Crosby Asset Management. She started her career with HMA.