KARACHI: A prominent financial and capital market expert Nadeem Naqvi has been appointed as managing director of Karachi Stock Exchange (Guarantee) Limited for a three years term.
The Securities & Exchange Commission of Pakistan has also approved his appointment. According to KSE here Wednesday, Naqvi is expected to assume his responsibilities in the middle of the next month.
Naqvi holds the degrees of MBA in Finance and B.Sc. (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 that of Pakistan.
He carries a proven track record of establishing successful business organizations 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.
Naqvi has also served as chief executive officer of AKD Securities Limited 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.
Naqvi 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.
He was also remained the 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 Limited as head of research.
The Board of Directors and management of the Exchange congratulated Nadeem Naqvi on assuming this key responsibility and looked forward to working with him towards development and growth of the Exchange, in particular and capital markets, in general.
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