Governance

Board Of Directors

Zafar Alam
Chairman & Independent Director
Shahid Ali Habib
Chief Executive Officer & Executive Director
Mohsin Madni
Non - Executive Director
Sharmin Shahid
Non - Executive Director
Muhammad Sohail Salat
Independent Director
Nida Ahsan
Non - Executive Director
Haroon Usman
Non - Executive Director

Management Team

Shahid Ali Habib
Chief Executive Officer
Muhammad Taha Siddiqui
Chief Financial Officer & Company Secretary
Bilal Khan
Head of International Sales
Adeel Ahmed
Head of Retail
Ahmed Rajani
Director Investment Banking
Syed Saquib Ali, CFA, FCCA
Director Investment Banking
Zilley Askari
Head of Interbank Brokerage
Tahir Abbas
Head of Research & Investment Strategy
Faizan Hanif
Head of Compliance
Muhammad Usman Akram
Head of Information Technology
Akber Suleman
Head of Settlement
Fahim Ullah Khan
Head of Back Office
Ali Abbas
Head of Customer Support

Audit Committee


Auditor

M/s. Rahman Sarfaraz Rahim Iqbal Rafiq
Chartered Accountants
Rating:
SBP Rating-Category A
Address:
Plot No. 180, Block - A, S.M.C.H.S
Karachi-74400, Pakistan.
Tel No:
(021) 34549345-9

Legal Advisor

Muhammad Zubair
Advocate High Court

Shareholding Pattern

Head of Sales

Saad-bin-ahmed

Saad Bin Ahmed has joined Arif Habib Limited as Head of Sales, responsible for overseeing and further enhancing our Equities brokerage operations.

Saad brings with him over 17 years of international diversified experience with heavy focus on investment banking and financial services. During his career, Saad has garnered experience in Investment Management (International Private Equity), Equities Research and Investment Advisory. Saad was at the helm of setting up two investment advisory boutiques, Alternate Research and Aryan Capital in Pakistan and the UK which focused on providing advisory services to leading clients based across the G.C.C. In addition to having spent time with a leading Private Equity firm in Saudi Arabia, Saad has also been associated with both buy-side and sell-side institutions in Pakistan.

Saad has a chartered accountancy background and also holds a Masters degree in Economics from the University of Karachi.

Head of International Sales

Bilal Khan

Bilal heads the international equity sales and trading desk for Arif Habib Ltd and has over 15-yrs of buy-side and sell-side experience.

He has pioneered systematic trading in Pakistan and developed the country’s first systematic equity strategy “CYBORG”.

Bilal was nominated for the “Best Hedge Fund Manager Award 2008” at the annual Hedge Funds Conference in Dubai, UAE and ranked 2nd in the Asian Money Poll for “Best Country Sales Trader 2018”.

Head of Retail

Adeel Ahmed

Adeel Ahmed has over 15 years of experience working in leading brokerage houses of the industry including BMA, IGI, Foundation Securities and Taurus Securities.

He has exceptional command in sales, marketing and trading. With dedication and vision he has developed different online trading platforms and teams.

His last job was at Taurus Securities performing the duties of Head of Online and Regional Branch Head.

At AHL, he is the Head the Online Department which includes customer support, sales & marketing and trading for online clients.

Chairman & Independent Director

Zafar Alam

Mr. Zafar Alam is a Master’s degree holder in nuclear physics and has over 31 years’ experience in investment banking encompassing origination, trading, sales and asset management in various financial centers around the globe. He has been a key member of the Top Executive Group-TEG at ABN AMRO Bank and RBS Bank. Mr. Zafar had several leadership responsibilities including leading teams of over 300 people and managing revenues of several hundred million dollars. Mr. Zafar has diverse experience across geographies and various aspects of finance, having worked in London, Singapore, Hong Kong and Dubai in Equities, Fixed Income and Asset Management. The last initiative being in Dubai setting up a Shariah based fund in Mauritius. Mr. Zafar joined ABN AMRO as Investment Manager in Dubai. In 1988 he moved to Hong Kong as Head of ABN AMRO Securities & Finance Company, focusing on fixed income trading and sales. In 1990 he started equities brokerage business and origination in Asian equities. In 1995 he moved to Singapore, as Head of Local Markets and Credit Trading and started to build the local markets business in the bank for the first time. The Bank was only active in the FX sphere but Mr. Zafar gave the direction to add Fixed Income and Derivatives as the market was set to take off in the aftermath of the Asian crisis. The activities included origination, trading and sales in thirteen Asian countries. In 2002, he was appointed Managing Director and moved to London as Global Head of Emerging Markets responsible for origination, trading and sales in Emerging Markets, before taking on his current role in Equities Directorate. In 2010, he was Regional Head of Equities and Structured Retail Sales for Middle East and Africa, based in Dubai to build an equities platform for the MENA region for RBS investor clients. He was also managing the Structured Equities Solution team which provided equity financing with an overlay of derivative solutions. Prior to relocating to Dubai, Mr. Zafar was based in London as Global Head of Equity Derivatives Sales in the enlarged RBS Global Banking & Markets Group. In this role Mr. Zafar was responsible for combining the successful Private Investor Products (PIP) and Institutional/Corporate business of ABN AMRO with the growing RBS Structured Investor Products business. He was responsible for developing, manufacturing and distributing structured products consisting of multi-assets. Prior to that in his role as Global Head of Private Investor Products, Mr. Zafar was responsible for distribution of innovative structured products to private and retails clients within RBS and ABN AMRO Bank. The team distributed structured products through all major international banks.

Chief Executive Officer & Executive Director

Shahid Ali Habib

Mr. Shahid Ali Habib carries a proven track record of establishing successful business organizations and turning around ventures into vibrant units. He has over 23 years of experience in the fields of Securities Brokerage, Banking, Asset Management and Investment Banking.

He has served in leading positions at top local and international institutions. Mr. Shahid has also served as Executive Director and Chairman of a few local equity brokerage and financial services institutions. He has also worked at Bank Al Bilad, one of the leading Islamic banks in Saudi Arabia. Mr. Shahid also served the Pakistan Stock Exchange as a member of various committees including Development and Trading Affairs Committee, New Product Committee, Arbitration Committee and Companies Affairs and Corporate Governance Committee. At AHL, Mr. Shahid oversees all brokerage and investment banking activities, especially equity sales and marketing & placement of all IPOs / SPOs. He has been involved in numerous transactions in Pakistan’s equity markets over the years. He was involved as Domestic Team Lead in the Government of Pakistan’s divestment of HBL (the largest secondary market offering in Pakistan and Asian Frontier Markets) and UBL.

He holds an MBA (Finance) degree from the Institute of Business & Administration (IBA) as well as a Bachelor’s degree in Computer Science from FAST ICS. He has completed the High Potentials Leadership Program at Harvard Business School (HBS) and has a Certification in Finance from the London School of Economics (LSE). He has also attended various international professional development courses in the fields of finance, technology and energy.

Non-Executive Director

Sharmin Shahid

Ms. Sharmin Shahid has over 16 years of experience in the field of securities brokerage and portfolio management. She was awarded the top position in her Bachelor’s Degree in Commerce and has also participated in the Directors’ Training Program. She has been awarded the Top 25 Companies Award on behalf of AHL for several years. Sharmin actively participates in welfare activities and remains one of the trustees of Memon Health and Education Foundation (MHEF). Under her patronage & direction AHL has continued to excel and become a leading name in the industry.

Non Executive Director

Mohsin Madni

Mr. Madni is an Associate Member of the Institute of Chartered Accountants of Pakistan (ICAP) and holds a Masters Degree in Economics & Finance. He is a member of Pakistan Institute of Public Finance Accountants (PIPFA) and Institute for Internal Controls, USA. Mr. Madni completed his Articleship from KPMG Taseer Hadi & Co., Chartered Accountants, where he gained experience of diverse sectors serving clients spanning the Financial, Manufacturing, Trading and Services industries.

Non Executive Director

Haroon Usman

Mr. Haroon Usman is a Commerce graduate and a Fellow Member of the Institute of Cost and Management Accountants of Pakistan. He has over 45 years’ experience in the fields of commerce, finance and industry. He has served a number of local and foreign organisations of repute in different executive positions related to accounts, finance, general management and consultancy, both in Pakistan and abroad. Mr. Haroon serves as Director and Chairman of the Human Resource & Remuneration Committee of the Company.

Non Executive Director

Nida Ahsan

Ms. Nida Ahsan is a Commerce graduate and represents the Arif Habib family who are the majority owners of the Arif Habib Group and have made significant contributions in the development of the securities market in Pakistan. She has over 12 years experience of investing in listed securities including a number of first and second tier stocks.

Independent Director

Muhammad Sohail Salat

Dr. Muhammad Sohail Salat is a qualified and highly reputed pediatrician who has a Bachelor of Medicine and Bachelor of Surgery from Dow Medical College Karachi. He has a certification in General Pediatrics from the United States of America as well as holding a Foreign Medical Graduate Examination in medicine from the US and is licensed from Pakistan Medical and Dental College. Dr. Sohail completed his residency in Pediatrics from Maimonides Medical Center and Interfaith Medical Center in New York as well as a Fellowship in Neonatal Perinatal Medicine from Westchester Medical Center, New York Medical College. Dr. Sohail has been associated with The Aga Khan University Hospital (AKUH) Karachi since 2001 in the Department of Pediatrics and Child Health is currently working as an Associate Professor. He has held director posts in education, clinical areas and also chaired various administration committees in AKUH He was previously associated with Ziauddin Medical University Karachi as Assistant Professor. Dr. Sohail is regarded as an expert in the fields of Pediatrics, Child Health and Neonatal Perinatal Medicine and has had numerous publications on the subjects whilst presenting at leading local and international conferences. He is actively involved in Pakistan Pediatric Association (PPA), a non-political organisation for the better care of pediatric patients in Pakistan and holds the posts of Convener Neonatology group of PPA as well as Treasurer of both Sindh chapter and Karachi chapter of PPA. He is also working as a member of the Hospital Management Board of Memon Medical Institute Karachi.

Chief Financial Officer & Company Secretary

Taha Siddiqui

Taha Siddiqui is the Chief Financial Officer & Company Secretary of Arif Habib Limited. His role encompasses a wide range of matters ranging from finance, taxation, corporate law to compliance.

Taha is an Associate Member of the Association of Chartered Certified Accountants (ACCA) and holds a Bachelor’s degree in Commerce. He has completed his Article ship from KPMG Taseer Hadi & Co., Chartered Accountants, where he gained experience of diverse sectors serving clients spanning the Financial, Manufacturing, Trading and Services industries.

He is an ACCA Member.

Head of Research & Investment Strategy

Tahir Abbas

Mr. Tahir Abbas is the Head of Research & Investment Strategy at AHL and is responsible for leading the company’s Research department.

He possesses 9 years of experience in sell-side equity research and carries in-depth understanding of major sectors listed at the PSX with specialization in Industrial sectors and Energy chain aside from the Macro Economy.

Mr. Abbas was awarded as the Best Analyst in Pakistan by CFA Society Pakistan three times during his career, based on quality research, accuracy, and quality client service via provision of value creation investment ideas.

At AHL, Mr. Abbas oversees AHL Research services and client relationships, as well as servicing and query management for both domestic and international clients. He also represents AHL at international conferences and equity roadshows across global financial centers.

Mr. Tahir holds a Master’s degree in Business Administration with a majors in Finance.

Head of Interbank Brokerage

Zilley Askari

Mr. Zilley Askari has over 19 years of work experience at leading Interbank Brokerage Houses of the industry. This includes 9 years in money market and 10 years in foreign exchange dealing at various levels. He has headed the Foreign Exchange desk in AMZ Securities for a period of 4 years.

Zilley’s money market expertise encompasses money and bond market and prior to joining AHL he held senior dealer’s position at IGI Finex Securities, AMZ Securities and Vital Capital Markets.

At AHL, as person in-charge, he is responsible for the planning, guiding and supervision of Money Market & Foreign Exchange Desk along with market making of TFCs.

He holds a degree of M. Com (Finance) from the University of Karachi.

Head of Compliance

Faizan Hanif

Faizan Hanif is the Head of Compliance at AHL. His role encompasses a wide range of matters including formulating policies and procedures, conducting and managing due diligence of all accounts ensuring compliance with rules and regulations including AML compliances, and also perform risk management at client and at house level. He also provides intellectual leadership on internal controls and formulate and implement the Company’s annual internal control program.

Faizan is a Qualified Association of Chartered Certified Accountants (ACCA), Certificate holder of CA Intermediate from Institute of Chartered Accountants of Pakistan and holds a Bachelor’s degree in Commerce.

Head of Settlement

Akber Suleman

Mr. Akber Suleman is working as Head of Settlement. He is associated with this group since 1994. He has over 29 year’s experience of handling the Settlements with PSX, NCCPL, CDC and client’s relationships.

He has served a number of organizations of repute in different executive positions related to Settlement & related services.

A part of Arif Habib Limited, he is also associated with other group companies.

Head of Customer Support

Ali Abbas

Ali Abbas is Currently serving Arif Habib Limited as Head of Customer Support. Ali has over 23 years of experience working in leading brokerage houses of the industry.

He has exceptional command in areas of Customer Support, Risk Management, Operation Equity Settlement (Domestic & International Clients Both).

His last job was at Taurus Securities performing the duties of Head of Operation .

Head of Information Technology

Muhammad Usman Akram

Mr. Muhammad Usman Akram brings with him over 15 year’s,experience in the field of information technology. At AHL, he is responsible for managing information technology projects, implementation of security policies, development & implementation of disaster recovery plan and monitoring of infrastructure of Information Technology.

He has previously worked in Taurus Securities Limited (A Subsidiary of National Bank of Pakistan) where he was Head of Information Technology.

Usman holds a Masters’ in Computer Science from SZABIST. He has also received training of Cisco Certified Network Associate & Cisco Certified Network Professional.

Director Investment Banking

Ahmed Rajani

Ahmed is a seasoned investment banking professional with over 13 years of experience encompassing financial & strategic advisory, private equity placements, mergers & acquisition advisory, equity & debt capital market placements. Ahmed has executed transactions worth around US$ 3.0 billion including some of the largest equity deals in Pakistan which have been recognized by various international publications such as The Asset Asian Awards, GlobalCapital, Asiamoney and Finance Asia.

Ahmed has been associated with Arif Habib Limited for over 6 years and is currently serving as Director Investment Banking. During this period Arif Habib Limited has been the market leader in domestic equity placements and has been recognized as the Best Corporate Finance House for six straight years by the CFA Society of Pakistan.

Ahmed has earned his bachelor’s degree from Lahore University of Management Sciences (LUMS) and MBA from Institute of Business Administration (IBA), Karachi.

Syed Saquib Ali, CFA, FCCA

Director Investment Banking

Saquib has 11 years of professional experience in the financial sector spanning across investment banking & equity research. Saquib is currently serving as Director, Investment Banking at Arif Habib Limited and has been part of the Arif Habib Group since 2012.

Saquib has broad experience encompassing mergers & acquisition advisory, financial & strategic advisory, equity & debt placements and project finance. Saquib has executed transactions worth c. US$ 3.0 billion including some of the largest transactions in Pakistan that have been recognized both internationally and domestically by the Asset Triple A Awards, GlobalCapital, Asiamoney and the CFA Society of Pakistan.

Saquib is a CFA Charterholder, a Fellow of ACCA and has a bachelor’s degree from Oxford Brookes University, UK.

Fahim Ullah Khan

Head of Back Office

Mr. Fahim Ullah Khan is working at AHL as Head of Back Office. He is associated with this group since 1994. He has over 30 years’ experience of handling, monitoring and supervising the Back Office Activities. Further, he also monitors account opening activities related to back office and handles queries of different regulators and client’s.

He has served a number of organizations of repute in different executive positions related to Back office related functions.

A part from Arif Habib Limited, he is also associated with other group companies.

Source: PSX