Executive Committee Members 2022-24
Basheer A. Chowdry (Chairman)
Experience:
Mr. Basheer Chowdry is a highly experienced banker with a distinguished career spanning over six decades, covering international, domestic, investment, and Islamic banking sectors. With extensive expertise in financial and corporate management across both local and international markets, Mr. Chowdry has played a pivotal role in Pakistan’s Non-Banking Financial Institutions (NBFI) and Modaraba sector. Having joined banking in 1965 and thereafter serving at international levels, he has a very deep knowledge and experience about all aspects ofdomestic and global banking. His contributions have been instrumental in establishing and developing prominent financial institutions, while he has also held positions on the boards of various commercial, Islamic, and investment banks, leasing companies, Modarabas, stock exchanges, corporate entities, and international organizations. In addition to his professional achievements, Mr. Chowdry is deeply involved in various philanthropic activities, particularly in supporting health and education initiatives for underprivileged communities. Currently, Mr. Chowdry serves as the Chief Executive of Trust Modaraba.
Education: BA, Professional Qualifications.
Present Designation in the Company: Chief Executive Office, Trust Modaraba
Since when: 1991
Independent Directorship: None
Company Membership with the
Association: Since inception of the Association
Yasir Ashfaq (Senior Vice Chairman)
Experience:
With over 28 years of professional experience, Yasir is the Chief Executive Officer of Pakistan Microfinance Investment Company (PMIC) since August 2017. Yasir has been instrumental in the development of the microfinance sector of Pakistan with a clear emphasis on sustainability and creating an impact during the last 15 years.Previously, Yasir served several important positions in commercial and investment banks for more than twelve years. His diverse banking experience has been in the areas of Treasury, Corporate Finance, accounts & finance, Investment banking and product development.
Education: Master’s In Economics from University of Sydney, Fellow Member of Institute of Cost and Management Accountants of Pakistan
Present Designation in the Company: Chief Executive Officer, Pakistan Microfinance Investment Company Ltd.
Since when: August 2017
Independent Directorship: None
Company Membership with the Association: July 05, 2022
Aftab Afroz Mahmoodi (Vice Chairman)
Experience:
Mr. Aftab Afroz Mahmoodi is currently serving as the Chief Financial Officer of First Prudential Modaraba, a leading Islamic financial institution. During his tenure with the Pak Brunei Investment Company Ltd. group, he was responsible for managing the financial operations of four Modarabas and one restructuring company. His expertise in handling complex financial matters played a significant role in enhancing organizational performance. Mr. Mahmoodi’s academic credentials include being an Affiliate of the Institute of Chartered Accountants of Pakistan (ICAP), a Fellow Member of the Pakistan Institute of Public Finance Accountants (PIPFA), and holding a Master of Business Administration (MBA) in Finance. With over 26 years of extensive experience in financial institutions—including commercial banks, development finance institutions (DFIs), and brokerage houses—he has worked across both the private and public sectors
Present Designation in the Company: Chief Financial Officer, First Prudential Modaraba
Independent Directorship: None
Company Membership with the Association: Since inception of the Association
Basit Rahman Malik (Member)
Experience:
ESCORTS INVESTMENT BANK LIMITED, PAKISTAN
Chief Executive Officer (Present)
STANDARD CHARTERED BANK PAKISTAN
Country Head SME
Head Client Relationships-Central Region
Regional Head (Consumer Banking), Pakistan
HSBC BANK MIDDLE EAST LIMITED
Country Head (Branch Banking), Pakistan
UNION BANK
OMAN INTERNATIONAL BANK S.A.O.G
EMIRATES BANK INTERNATIONAL PJSC
PRUDENTIAL SECURITIES (BOSTON)
SMITH BARNEY SHEARSON (INTERNSHIP)
FLEET BANK (INTERNSHIP)
DEUTSCHE BANK (INTERNSHIP)
Mr. Basit Rahman Malik is a seasoned banker with over 30 years of experience in local and international banks. He began his career as an investment banker at Prudential Securities in Boston before returning to Pakistan in 1996 to join Emirates International Bank. He previously served as Country Head of SME Banking at Standard Chartered Bank and is a Boston University graduate in banking and finance. His contributions to growth strategies in Retail, SME, and Corporate Banking have been widely recognized.
Education: Bachelor of Science in Business Administration BOSTON UNIVERSITY, SCHOOL OF MANAGEMENT
Present Designation in the Company: Chief Executive Officer, Escorts Investment Bank Ltd.
Since when: November 17, 2022
Independent Directorship: None
Company Membership with the Association: December 06, 2018
Faraz Akhtar Zaidi (Member)
Experience:
Investment Professional
Education: MBA, University of Virginia
Present Designation in the Company: CEO, Wasl Investment Finance Limited
Since when: 2019
Independent Directorship: None
Company Membership with the Association: May 17, 2022
Syed Mohammed Ali Raza (Member)
Experience:
26 years of professional experience in asset management, investment banking & advisory in the United States, frontier markets and GCC countries. He started his professional career with The Hartford Mutual Funds, and his notable professional accomplishments include launching Pakistan’s first USD denominated open end fund, listed on the Irish Stock Exchange and domiciled in the Cayman Islands, launching multiple fixed income and equity funds in the United States and Pakistan, as well as establishing an asset management and investment advisory company in Pakistan.
Education: Graduate of the University of Massachusetts, Amherst (U.S.A), and has served in leadership positions across
frontier markets as Head of Corporate Finance.
Present Designation in the Company: Company Secretary & Director Corporate Finance for Abhi (Pvt) Limited.
Since when:
Independent Directorship: None
Company Membership with the Association: May 17, 2022
Shabbir Ahmed Jamsa (Member)
Experience:
Mr. Shabbir Ahmed Jamsa is currently serving as G.M Taxation / Legal affairs and Company Secretary in First Imrooz Modaraba. He is a seasoned expert with more than 43 years of experience in Audit, Taxation and Legal matters. He is commerce graduate and done article ship from M.B. Mana & Co. Chartered Accountants. Prior to joining First Imrooz Modaraba, he served as Tax Manager in a law firm M/s Mahmood Law Associates. Directly reporting to the Board of Directors, he is responsible for ensuring that the organization complies with best practices and maintains standards of Corporate Governance and Shariah Compliance. Mr. Jamsa is also handling taxation, legal and corporate affairs.
Education: Graduate .
Present Designation in the Company: Company Secretary, First Imrooz Modaraba
Since when:
Independent Directorship: None
Company Membership with the Association: Since inception of the Association.
Effat Assad (Member)
Experience:
Effat Assad is an accomplished Fellow Chartered Accountant with over 30 years of post-qualification experience. Served ORIX Leasing Pakistan Limited for 23 years as a member of its finance team, Head of Internal Audit and Company Secretary. She was also part of the Audit Committee of the Pakistan Human Development Fund. Worked for Pak Oman Microfinance Bank for two years as SVP Finance and is currently leading the finance department of Orient Rental Modaraba in the capacity of Chief Financial Officer.
Education: FCA.
Present Designation in the Company:Chief Financial Officer, Orient Rental Modaraba
Since when: July 2021
Independent Directorship: None
Company Membership with the Association: December 19, 2017
Hamza Saboor (Member)
Experience:
1) Financial Controller & Company Secretary – Infra Zamin Pakistan – (05/2021 to present)
2) Financial Controller – Gerry’s International – (03/2019 to 01/2021)
3) CFO – AWT Investments Limited (04/2016 to 03/2019)
4) Auditors – KPMG Pakistan (11/2007 to 03/2014)
Mr. Hamza Saboor is a Chartered Accountant with over 12 years of experience in financial management, audit, and compliance. Since May 2021, he has been the Financial Controller and Company Secretary at Infra Zamin Pakistan, overseeing financial operations and strategies. Previously, he was Financial Controller at Gerry’s International and CFO at AWT Investments Limited. He is a member of ICAP and holds a qualification from ICAEW.
Education:Fellow Chartered Accountant (ICAP) Associate Chartered Accountant (ICAEW)
Present Designation in the Company:Financial Controller and Company Secretary, Infra Zamin Pakistan Limited
Since when: 05/2021
Independent Directorship: None
Company Membership with the Association: November 17, 2021
Roofi Abdul Razzak (Member)
Experience:
Seasoned professional with over 30 years of professional exposures in finance, accounts, investments, product development, compliance, shariah governance, imports, corporate affairs, credits and Treasury and HR. Well versed in strategic financial management, corporate governance, budgets and projections
Education: FCMA
Present Designation in the Company: General Manager Finance & Company Secretary, First AlNoor Modaraba
Since when: November, 2004
Independent Directorship: None
Company Membership with the Association: Since inception of the Association