Board Of Directors
Head of Sales
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 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”.
Director Startup Advisory
Farhan Rizvi, CFA, SCA, FCCA
Farhan Rizvi is a seasoned finance professional with over 18 years of experience across Equity Research, Advisory and Audit & Assurance services both in Pakistan and Singapore. He started his career as an Auditor with Deloitte and Touché Singapore in 2004 before relocating to Pakistan in 2007 to work with JS Global Capital as a Senior Research Analyst. Farhan moved back to Singapore in 2010 to Head Pakistan Equities Research for Credit Suisse before expanding into the Asia Frontier Markets in 2013. He was Head of Asia Frontier Market Research at Credit Suisse from 2017 to 2022 before moving back to Pakistan to set up the new Startup Advisory Desk at Arif Habib Limited in early 2022.
Farhan has a solid track record of covering diverse sectors across Frontier market equities. He also participated in some of the largest IPO and secondly market placements including US$1.3 bn equity raise by Vinhomes Vietnam (the largest IPO in Frontier Markets) as well as US$1bn divestment of equity stake in HBL by the Govt of Pakistan. He was regularly ranked as a top analyst by Asia Money and Institutional Investor (II) surveys.
Farhan is a CFA Charterholder, Fellow of the Association of Chartered Certified Accountants (FCCA) and a Singapore Chartered Accountant (SCA).
Chairman & Independent Director
With decades of experience in financial markets, Zafar Alam brings a unique blend of global leadership, innovative vision and in-depth financial knowledge. As a business leader in investment banking encompassing Origination, Trading, Sales and Asset Management he has lead teams of over 400 people and delivered revenues of over a billion dollars. He has been a key member of the Top Executive Group - TEG at ABN AMRO and RBS Bank.
Holding a master’s degree in Nuclear Physics, Zafar joined ABN AMRO as Investment Manager in Dubai. In 1988 he moved to Hong Kong as Head of ABN AMRO Securities & Finance Co., focusing on fixed income trading and sales. In 1990 he started the brokerage and origination business for Asian equities. In 1995, he was asked by the bank’s senior leadership to move to Singapore, to lead and build the local markets business, as Head of Local Markets and Credit Trading.
As a passionate innovator, Zafar Alam had the vision to enter into Fixed Income and Derivatives markets. The bank was only active in FX sphere however his input 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, before taking on his new role in Equities.
As Global Head of Equity Derivatives Sales in the enlarged RBS Global Banking & Markets Group. In this role Zafar was responsible for combining the successful Private Investor Products (PIP) and Institutional/Corporate business of ABN AMRO and RBS. He was responsible for developing, manufacturing and distributing structured products consisting of multi-assets. In one year, he turned a USD 150 million business into a USD 1 billion business.
In 2010, he become Head of Equities and Structured Retail Sales for Middle East and Africa, based in Dubai focused on building an Equities platform. He also managed the Structured Equities Solution team which provided equity financing with an overlay of derivative solutions.
Zafar Alam has always had a strong belief in technology and been a visionary for a digital future. Zafar Alam is a chairman and founder of ELIGIBLE.ai, an award winning Fin-Tech company in the UK loan servicing market. Eligible is a digital servicing solution using behavioral segmentation to personalize every consumer’s journey. Allowing financial institutions to instantly educate, empower and retain their customer base. The Fin-Tech services over GBP 15 billion in mortgages making it the 5th largest consumer database in the UK.
With the combination of his extensive experience across sectors and markets, Zafar Alam has also been entrusted as a Partner at Silver Tree HK LTD., an asset management fund based in Hong Kong with over USD 250 million assets under management (AUM).
Chief Executive Officer & Executive Director
Muhammad Shahid Ali Habib
Shahid has a proven track record of establishing successful business organizations and turning around ventures into vibrant units. He has over 24 years of experience in the fields of Securities Brokerage, Banking, Corporate Finance and Investment Banking.
He joined AHL in 2013, as Chief Executive, responsible for all investment banking and Securities brokerage activities. Shahid has worked on over 50 transactions and raised more than PKR 350 billion across equity, structured equity and bonds for both corporate and sovereign clients. He was the Domestic Team Leader of Pakistan’s largest equity market transaction, “The HBL Secondary offering” worth PKR 107 bn and others significant transactions including UBL secondary offering of PKR 41 bn and Engro Fertilizers offering of PKR 20 bn. He has also originated several M&A transactions over the years.
During his tenure, AHL was awarded ‘Best Equity Brokerage House’ multiple times by the CFA Association of Pakistan (CFAP) and Best Investment Banking House by Asiamoney and The Asset. The company also has the distinction of being awarded Best Investment Banking House for 8 consecutive years by CFAP and multiple times by Asiamoney, FinanceAsia and The Asset during Shahid’s tenure as CEO. The growth and progress made under his guidance has also been acknowledged by Pakistan Stock Exchange (PSX) with AHL the only brokerage house to be a multiple recipient of the ‘Top 25 listed companies award’.
Shahid has previously served as Executive Director and Chairman of a few local equity brokerage and financial services institutions and also worked at leading banks in Saudi Arabia and Canada. He regular serves as member of various committees at the PSX including Development and Trading Affairs Committee, New Product Committee, Companies Affairs and Corporate Governance Committee.
He holds an MBA in Finance from the Institute of Business & Administration (IBA) and has a Certification in Finance from London School of Economics (LSE) as well as a Bachelor’s degree in Computer Science from FAST ICS.
Non - Executive Director
Mr. Mohsin Madni is the Chief Financial Officer of Arif Habib Corporation Limited. His role encompasses a wide range of matters ranging from finance and taxation. Mr. Madni is an Associate Member of the Institute of Chartered Accountants of Pakistan (ICAP) and holds a Master’s Degree in Economics & Finance. He is also 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., where he gained experience across diverse sectors serving clients in the Financial, Manufacturing, Trading and Services industries.
Non - Executive Director
Mr. Haroon Usman is a Commerce Graduate and a Fellow Member of the Institute of Cost and Management Accountants of Pakistan. He has over 50 years’ experience in the fields of commerce, finance and industry. He has served a number of local and foreign organizations of repute in different executive positions related to accounts, finance, general management and consultancy, both in Pakistan and abroad.
Haroon serves as member of the Human Resource & Remuneration Committee as well as the Audit Committee of the company.
Non Executive Director
Ms. Nida Ahsan is a Commerce Graduate. She represents the Arif Habib family who are the majority shareholders of the Arif Habib Group and have made significant contributions in the development of Securities Market in Pakistan.
She has over 18 years’ experience of investing in listed equities.
Muhammad Sohail Salat
Dr. Muhammad Sohail Salat is a qualified and highly reputed Pediatrician and Neonatologist who holds a Bachelor of Medicine and Bachelor of Surgery from Dow Medical College Karachi. He has a certification in General Pediatrics from United States of America and Fellowship in Neonatology, and is licensed from Pakistan Medical and Dental College. Dr Sohail completed his Residency in Pediatrics from Maimonides Medical Center and Interfaith Medical Center, Downstate University of New York and Fellowship in Neonatal Perinatal Medicine from Westchester Medical Center, New York Medical College, USA.
Dr. Sohail is associated with the Pakistan's top medical health care services provider, The Aga Khan University Hospital (AKUH) Karachi where he currently works as an Associate Professor (Department of Pediatrics and Child Health).. He was previously associated with Ziauddin Medical University, Karachi.
Dr. Sohail is regarded as an expert in the fields of Pediatrics, Child Health and Neonatal Perinatal Medicine and has had numerous publications on those subjects and presented his work at various leading local and international conferences. He is actively involved in Pakistan Pediatric Association (PPA) a non-political organization for the better care of Pediatric patients in Pakistan. He is currently associated with PPA including Advisor to Neonatology group of PPA and currently holds the post of Treasurer of Pakistan Pediatrics Association (Center) and general secretary Pakistan Society of Inherited Metabolic disorders (PSIMD).
Chief Financial Officer & Company Secretary
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
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
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 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
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 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.
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.