A career banker and finance expert, served at top positions with the international banks in Pakistan and abroad, with proven track-record in Corporate, Cash Management & Investment Banking. Has very keen interest and active involvement in raising and development of financial and capital market instruments, including Sukuks, from local & international avenues/ institutions, particularly working with multilaterals like OPIC of USA and the European DFIs. Introduced two listed Sukuks in the local market with one being the first-ever private sector AAA rated instrument to encourage non-conventional investors to participate and offer a savings instrument in Pakistan. Savings and Investment and its development have always remained an area of interest.
Director General, National Savings, Ministry of Finance. A premier financial institution offering retail Government Securities, level playing field to small savers through diversified product mix. A key contributor towards financial inclusion with an investor base of around 7Mn and a portfolio of over US$30Bn.
Member of the Central Board of Directors of the State Bank of Pakistan (“SBP”), appointed in March 2013 for three years. Served as the Member on the most prestigious and coveted Constitutional Independent Monetary Policy Committee (“MPC”) of the Government of Pakistan. After successfully completing one three year term on the Board of Directors of SBP, been re-appointed on the Board of SBP for another term of three years and as the Members of the MPC, in April this year. Resigned in August, 2016 from Board of SBP due to statutory requirements for appointment as Director General, National Savings, Ministry of Finance.
The Chairman of Publications Review Sub-Committee and Members of Human Resources and Investment Sub- Committees of the Board. Contribution on the Board, particularly in the areas of Publications, Monetary Policy, Foreign Remittances/ Savings & Investments, Banking and Human Resources, has been recognized and praised
Has extensive experience of working with Government and Government institutions to appreciate the intricacies and the challenges of a Public Sector organization and to find a most viable solution to handle things in the best way possible. Regular contributor on the topics of finance, economics and energy to the local media.
As Founding Partner of Burj Capital, involved in fund raising and encouraging investment from the local and international markets with specific focus on Sharia Compliant instruments to raise funding from the non-banking sources. Also, involved in successful corporate restructuring.
Formally, as the Regional Managing Director & CEO for Southern Africa, Barclays Bank plc, responsible for three countries and represented on the Board of Directors, with managing total balance sheet size of US$3Bn and around 4,000 people. Converted a standard Commercial Bank into a premier Consumer & Investment Bank in the Region, and took the Corporate and Treasury business to another level in terms of product offering and income, particularly fee component. Made the bank earn the best possible ratings in all the internal and external audits.
Prior to Africa, was responsible for establishing one of the prime global islamic banking franchises – Dubai Islamic Bank – in Pakistan. Represented the local management to the senior officials in the head office and the Board of Directors along with the highest Government officials in the Country. Instrumental in attracting foreign strategic investors to Pakistan including $100Mn in financial sector, $375Mn for the second largest port expansion project, $150Mn palm oil refinery project by one of the most rapidly expanding FMCG Company in MENA region as well as assisting the first-ever leading international cosmetic brand entry into the Country.
At Citibank, was member of the Country Management Committee and responsible for handling Government and Public Sector business. He was involved in all the major deals done by Citibank between 1999-2005, including US $600Mn Government of Pakistan Inaugural Islamic Sukuk, US $350Mn PIA-Exim Bank Deal, First-ever Derivative/ Interest Rate Swap with PARCO, Set-up first-ever US $100Mn OPIC guaranteed/ financing facility for Pakistan, introducing/ rolling-out KESC and PSO Cash Management Solutions.