KSE board appoints Nadeem Naqvi as Managing Director

Karachi Stock Exchange (KSE) has announced formal appointment of Nadeem Naqvi as Managing Director of the Exchange by its Board of Directors which has also been duly approved by Securities and Exchange Commission of Pakistan (SECP). Nadeem has been appointed for a term of three years, commencing from the date of his joining. He is expected to assume his responsibilities in the middle of next month.
According to a press release issued here on Wednesday, Nadeem holds the degrees of MBA in Finance and BSc (Hons) in Banking and International Finance from United Kingdom and has also attended various courses and certification programs. He brings with him a rich work experience of over 28 years in financial services industry operating in diverse environments of Middle East, North America and Europe besides Pakistan. He carries a proven track record of establishing successful business organisations and turning around mediocre or dormant ventures into vibrant units.
His last assignment, before joining Karachi Stock Exchange, was as the Chief Executive Officer of AKD Investment Management Limited. Earlier, he was involved in setting up a brokerage house for overseas investors. He has also served as Chief Executive Officer of AKD Securities which he was able to transform from a proprietary business into a full-scale investment banking and brokerage firm and in the process, gained company's recognition as the best domestic brokerage house for two consecutive years. Under the banner of AKD, he served as Chairman of the first technology venture capital fund of Pakistan.
Market analysis and research has been the hallmark of Naqvi's career. He has led an independent investment research firm in USA which was ranked in 2004 as the third best out of 300 research firms in North America before which he headed the Merrill Lynch Pakistan research team. Nadeem was also Head of Research of the advisory company of Morgan Stanley Asset Management's Pakistan Investment Fund and prior to that worked at BMA Capital Management as Head of Research.
The Board of Directors and management of the exchange has congratulated Nadeem Naqvi on assuming this key responsibility and look forward to working with him towards development and growth of the Exchange, in particular and capital markets, in general. It is also expected that under the leadership of the new Managing Director, the Karachi Stock Exchange will achieve new milestones and prosper to become one of the leading and advanced bourses of the world.-PR