Farrukh Khan has joined Pakistan Stock Exchange (PSX) as the new Managing Director and Chief Executive Officer (CEO). After due process and consideration, he has been selected based on his credentials, qualification and experience.
Farrukh has over 30 years of senior management and board level experience. He is an experienced entrepreneur and a leading business and financial advisor who has advised on many landmark transactions. Previously, he has held senior positions at Acumen, Pakistan and UK, including Country Director and CEO, Pakistan, Senior Director Business Development, Chief Business Development Officer and member of the Management Committee.
Farrukh H Khan is a veteran of the Capital Markets. He was the founding partner and CEO of BMA Capital Management Limited. Under his stewardship, BMA established itself as the leading investment banking group in Pakistan and received several international accolades including the 2010 Euromoney award for the best investment bank in Pakistan. Farrukh H. Khan's experience includes lead managing the $813 million GDR offering and London listing of OGDCL, Pakistan's largest listed company, and successfully advising Etisalat on their $2.6 billion acquisition of Pak telecom, the largest merger and acquisition transaction and the largest foreign direct investment in Pakistan's history. Other historical transactions include the US$ 1.5 billion privatisation of Kot Addu Power Company and the $898 million GDR offering for Pak Telecom. He has advised, either on the buy or sell side, on almost 50 percent of all successful privatizations in Pakistan, totaling over US$ 4 billion in value. Farrukh has also worked with American Express Bank in Pakistan and Deloitte in London.
Farrukh has an excellent network and deep knowledge of global business and investments. He held the position of President of Overseas Investors Chamber of Commerce and Industry (OICCI). He was also Chairman of the Young Presidents' Organization, Pakistan Chapter. He has served on Boards of public and private sector organisations and was associated with the Securities and Exchange Commission of Pakistan (SECP) as the member of its Policy Board from 2018 to 2019.
Farrukh qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, United Kingdom (UK), and also holds a BA (Hons) in Economics and Finance from the University of Manchester. Amongst his several achievements, he holds the distinction of being selected by Euromoney as one of the top 50 global financial leaders below the age of 40 years. His philanthropic interests include children's health and education.
"Pakistan Stock Exchange warmly welcomes the new CEO and wishes him all the best in taking the Exchange to new heights of prosperity for the Exchange itself, its stakeholders and the investors," a notice issued here on Monday said.
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