Board Of Directors
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Mr. M. Habib-ur-Rahman - Chairman Mr. M. Habib-ur-Rahman is a Fellow Chartered Accountant from the Institute of Chartered Accountants of England & Wales. He has attended a number management programs, including PMD from Harvard Business School, Economic Development Institute of the World Bank and the International Institute of Islamic Studies, Cairo. He played an instrumental role in setting up the first open-end mutual fund in the private sector in Pakistan and was the Chairman/ Chief Executive of then ABAMCO Limited (presently JS Investments Limited) till December 2003. He was a founding member of the Mutual Funds Association of Pakistan. He has served on the Board of the Karachi Stock Exchange in 2000, 2001, & 2003, as the nominee of Securities and Exchange Commission of Pakistan. He has also served as a member of the Commission’s Advisory Group on Capital Markets and was on the Committee, formed by the Commission to enquire on the management of Exposure Rules by KSE/ LSE.
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Mr. Imran Azim - Vice Chairman Mr. Imran Azim, CEO of Habib Asset Management Ltd, has more than two decades of experience in the Mutual Fund Industry. He served NIT from 1977 to 1998 where he worked in almost all the departments including Investment, Marketing, Business Development and Accounts. His biggest achievement at NIT was launching of two new products i.e. Nai Life and Roshan Kal for small investors. After leaving NIT he joined Khalid Majid Hussain Rehman, a Chartered Accountants firm and later on he joined Universal Insurance Company Limited. Prior to joining Habib Asset Management Limited he was Chief Executive of Haroon Oils Limited. Mr. Azim is MBA in Finance.
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Mr. Abdul Aziz Anis - Director Mr. Abdul Aziz Anis brings with him over 14 years of experience in the financial sector of Pakistan. He has vast experience of the capital markets of the country ranging from research to sales to investment advisory & corporate finance. His past assignment was as Chief Executive of the Pakistan Office of Indosuez W.I. Carr Securities (IWICS) which was one of the leading emerging market stock brokers and part of the Credit Agricole Group of France. He has also spent a brief period abroad in Hong Kong in IWICS where he was part of the Indian Subcontinent Sales team responsible for marketing equity investment opportunities in India, Pakistan, Sri Lanka and Bangladesh to Far Eastern institutional clients such as mutual funds etc. Mr. Abdul Aziz is by qualification a Chartered Financial Analyst (CFA) from the CFA Institute of USA and an MBA with a major in Finance from Institute of Business Administration (IBA) Karachi, Pakistan.
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Dr. Amjad Waheed - Director Dr. Amjad Waheed, CFA is one of the leading fund managers in the region. Prior to his appointment as the Chief Executive Officer of NAFA, he was the Head of Equity Mutual Funds and Portfolios at Riyadh Bank, Saudi Arabia managing US$ 7.5 billion of assets. Dr. Waheed was Head of Asset Management at National Investment Trust Limited (NITL) before moving to Riyadh. Dr. Waheed holds a Doctorate in Finance with a Major in International Investments from Southern Illinois University, USA and is a CFA charter holder.
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Ms. Maheen Rahman - Director Ms. Maheen Rahman has over nine years of experience in the financial services industry. Prior to joining IGI Funds she was Head of Business Development at IGI Securities the brokerage arm of IGI Financial Services. She has also served as Head of Research for BMA Capital Management where she spearheaded the research effort to provide sound and in depth investment advice across all capital markets to a wide range of corporate and institutional clients. Ms Rahman has also worked with Merrill Lynch in their Investment Banking Group and was a key team member for several high profile international transactions that spanned the Asia Pacific region and North America. She has also worked with ABN Amro Bank in Corporate Finance and M&A Advisory and was involved in a series of equity raising and IPO activity across south-east Asia. Ms Rahman holds a Bachelors of Science degree from LUMS and a Masters in Finance and Economics from Warwick Business School in the UK. She also holds a Series 7 qualification from the New York Stock Exchange.
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Mr. Mir Adil Rashid - Director Mr. Mir Adil Rashid is the CEO of PICIC AMC, who brings with him more than ten years of diversified professional experience in the fields of portfolio management and institutional and retail sales catering to domestic as well as foreign clients. His last job assignment was as CEO of Global Securities Pakistan Limited, which is one of the leading corporate brokerage houses of Pakistan. At Global he diligently worked on the branding of the company and established valuable overseas connections. He was instrumental in streamlining the operations of the company with a clear focus on cost effectiveness and revenue building. He was active in setting-up extensive retail client operations in the company. The idea of on-line trading was also initiated by him. He actively managed portfolios of several high net worth clients with the help of modern asset allocation techniques. He has also attended various conferences and workshops on strategic planning.
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Mr. Mir Muhammad Ali - Director Mr. Mir Muhammad Ali, CFA is one of the founding members of UBL Fund Managers. He has over 15 years of experience in fund management and investment banking with prominent institutions like Asian Development Bank, United Bank Limited, ANZ Grindlays and Pakistan Kuwait Investment Company. He has obtained his MSc. in Finance from University of Strathclyde in Glasgow and MBA from Institute of Business Administration (IBA) Karachi.
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Mr. Nasim Beg - Director Mr. Nasim Beg has the distinction of being the founder Chief Executive of Arif Habib Investments Ltd. He has extensive experience of over 35 years of industry and financial sector in both domestic and international markets. Mr. Beg served at senior positions at various institutions. As Deputy Chief Executive of National Investment Trust Limited (NIT) he was a key member of the professional team that successfully turned around NIT during its difficult period. In 2003, he was part of the task force set up by the Securities & Exchange Commission of Pakistan to develop Voluntary Pension Scheme. Mr. Beg is an FCA from the Institute of Chartered Accountants of Pakistan.
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Mr. Nihal Cassim - Director Mr. Nihal Cassim is the CEO of Safeway Fund Ltd. Prior to taking up this position, he was engaged in his own corporate finance practice in Pakistan and concluded various assignments including advisory services to the sellers of Crescent Leasing and certain sellers of PICIC. He began his investment banking career at HSBC Securities, Canada. Mr. Cassim was responsible for the corporate development of TVX Gold Inc. and was involved in its C$4 billion merger with Kinross Gold. He was Vice-President and Head of Small-Cap Investment Banking for First Associates’ (now Blackmont Capital, a CI Financial Company) eastern Canadian operations and he conducted several transactions in M&A, equity financing and corporate finance advisory. Mr. Cassim is an MBA (Finance & MIS) from McGill University. He is also a Director on the Boards of Ferozsons Laboratories Limited and ARY Communications Limited.
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Ms. T. Uzra Dawood - Director Ms. T. Uzra Dawood, CEO of Dawood Capital Management Ltd, holds a Doctorate in Judicial Science from Harvard Law School, Bachelors of Arts Honors from Cornell and Oxford. She has worked for law firms in New York, Toronto, Amsterdam, Brussels and California and is a specialist in mergers and acquisitions and corporate law.
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Mr. Shamshad Nabi - Chief Executive Officer Mr. Shamshad Nabi has spent over 40 years in the financial institutions in Pakistan and overseas. He was educated at the St. Patrick's High School and Karachi Grammar School in Pakistan. After that he proceeded to the United Kingdom from where he qualified as a Chartered Accountant from the England & Wales Institute of Chartered Accountants. He also holds MBA Finance degree from the University of Wales. He has served in senior position at the National Investment Trust Ltd., Board of Industrial Management, The Islamic Development Bank and The Citizens Foundation prior to joining MUFAP. |










