Mr. Moin M. Fudda is a nominee Director of the Securities and Exchange Commission of Pakistan and elected Chairman of the Board.

Moin Mohammed Fudda is the Country Director of Center for International Private Enterprise, Washington, (an affiliate of US Chamber of Commerce) since September 2005. He has led CIPE Pakistan Office by focusing on projects involving, Chambers and Associations development, Economic Journalism, Corporate Governance, creation of Women Chambers, Youth Entrepreneurship , developing National Business Agendas for Information Technology Industry in association with the Pakistan Software House Association (P@sha) and for Manufacturing Sector with Pakistan Business Council, outreach and availability of Microfinance in association with Pakistan Microfinance Network and the State Bank of Pakistan, drafting of regulations for Private Equity and Venture Capital and creation of Securities Market Institute of Pakistan.

Prior to joining CIPE; Mr. Fudda was Managing Director of the Karachi Stock Exchange (KSE) for three years from September 2002. During the period, he served as Chairman, National Clearing & Settlement Company, Director, Central Depositary Company and National Commodity Exchange. He represented KSE at several international events and was elected to the Technical Committee of South Asian Federation of Exchanges and Chairman of the Task Force on Corporate Governance in the Federation of European and Asian Stock Exchanges.

Before joining KSE he was the Country Chief of Commercial Union Insurance, (now AVIVA) and earlier he served as Executive Director (equivalent to Additional Secretary), Pakistan Insurance Corporation. The Government of New Zealand appointed him as its Honorary Consul for Pakistan in 1990 and in 1997 he was elevated as Honorary Consul-General, position that he continues to hold. With the assistance of Government of New Zealand, he worked with a number of NGO’s for promotion of literacy, environment and health. In 2002, the Queen of New Zealand was pleased to confer upon him the dignity of an "Honorary Officer of the New Zealand Order of Merit (ONZM), for services to New Zealand’s interest in Pakistan.

He is the former President of the Management Association of Pakistan and the Overseas Investors Chamber of Commerce & Industry. In both these capacities he interacted closely with SECP and other stakeholders towards development of the Code of Corporate Governance 2002 and later as MD – KSE, he was actively involved in implementation of the Code. Additionally, in association with Pakistan Institute of Corporate Governance (PICG) and the Institute of Chartered Accountants of Pakistan (ICAP), he made it possible for CIPE to publish a very first Corporate Governance guide for Family Owned Companies. He was a Member of the PICG Task, Force formed in 2009 to review the Code of Corporate Governance.

He is a former Member of the Boards of the Privatization Commission and Investment, Pakistan Institute of Management, Pakistan Britain Business Advisory Group, an Anti Money Laundering Task Force of the Securities & Exchange Commission of Pakistan (SECP), Task Force formed jointly by Central Board of Revenue (now Federal Board of Revenue FBR) & SECP to resolve the Transfer Pricing issues. In November 2003 FBR appointed him Chairman of a number of Alternate Dispute Resolution Committees (ADRC), where he continues to serve on voluntary basis. He is the founding Director of the Karachi Centre for Dispute Resolution (KCDR- a Project of International Finance Corporation and the Sind High Court); a Member of National Policy Platform for Competitiveness & Economic Growth formed by the Ministry of Economic Affairs. He is a Certified Trainer on Corporate Governance by International Finance Corporation and is a Member of the Faculty of the Pakistan Institute of Corporate Governance. In recognition of his valuable services in the field of Public Service, in March 2006, he was conferred the Civil Award “Sitara-e-Imtiaz” (S.I.), by the President of Pakistan.

He graduated from the RCD College of Insurance, Tehran in June 1978. He had the distinction of being one of three students from Pakistan who were awarded RCD Scholarships to study B.S. in Insurance and Economics. While studying, he worked for Stewart Wrightson (Member of Lloyd's). He completed MBA in Insurance and Risk Management in August 1979 from St. Jones University (formerly The College of Insurance), New York. He joined American International Group, New York in September 1979 as an Executive in the Controllers’ Division and within a span of four years was elevated as Manager – Reinsurance. During the period, he was also appointed as a Member of Faculty of The College of Insurance, New York as an Adjunct Assistant Professor.

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Mian Ayyaz Afzal is the Managing Director/Chief Executive Officer of the Islamabad Stock Exchange (ISE) since 2011. He has vast experience of Capital Market as well as real estate market. He has served Central Depository Company as the Head of its Islamabad office during 1996 to 2005. He has also served JS Abamco as its Vice President and also worked as Chief Capital Market Operations in a stock brokerage company. He has been providing consultancy services for capital market, corporate finance and real estate development projects.

Presently, Mr. Afzal is serving as Director on the Boards of Central Depository Company of Pakistan Limited, National Clearing Company of Pakistan Limited, Pakistan Institute of Corporate Governance and JCR-VIS Credit Rating Company Limited. His contribution towards improving operational efficiency, governance standard and effectiveness of these institutions has been acknowledged immensely. He has also been a Director of Pakistan Mercantile Exchange Limited. He has participated in many national and international institutes on securities markets including institutes organized by US Securities & Exchange Commission and by OIC forums. He has also attended National Security Workshop at National Defense University, Islamabad. He has been very instrumental in the demutualization of ISE. Under his dynamic and sterling leadership, ISE is making notable progress.

Mian Ayyaz Afzal holds a Master degree in Economics from Northeastern University, Boston, USA. He is also a certified Director from Institute of Cost and Management Accountants of Pakistan.

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Mr. Zahid Latif Khan is the Chairman and Chief Executive Officer of M/s Zahid Latif Khan Securities (Private) Limited-one of the leading corporate brokerage entities at ISE. Besides running an independent corporate brokerage entity, Mr. Zahid also has the distinction of serving as Board member of other capital market institutions such as ISE, National Commodity Exchange Limited and NCEL Building Management Limited.

During his involvement at the leadership level on the Boards of other capital market institutions, Mr. Zahid has been instrumental in advancing the idea of corporate social responsibility, and in the implementation of modern governance standards at these companies. In addition to his regular contributions at the Board level, Mr. Zahid has the distinction of playing key role in the establishment of Unified Trading Platform between Lahore & Islamabad Stock Exchanges, and the operating the National Commodity Exchange, both of which are considered to be the landmark initiatives at the capital market landscape of the country. At business/community leadership level, Mr. Zahid has also served as a member of the Executive Committee and the chairman of the Banking Coordination Committee of the Rawalpindi Chamber of Commerce & Industries (RCCI).

Mr. Zahid has wide-ranging experience of the stock brokerage business spanning over a period of more than 15 years. During his association with the securities industry, Mr. Zahid has gained extensive hands on familiarity with various multi-faceted operational aspects such as Initial Public Offerings, Risk Management Operations, Customer Account Relationships, Order Executions and Clearing & Settlement functions. As the Chairman & CEO of his securities firm, Mr. Zahid is credited for expanding the network of retail brokerage outlets which has seen remarkable growth in the business of his firm besides promoting the culture of stock investments amongst the smaller investors.

Mr. Zahid holds a Bachelor degree and has also participated in various other domestic and international training programs, seminars and conferences including United States Securities & Exchange Commission, United Nations Institute for Training and Research, Asian Development Initiatives etc. Mr. Zahid is also a graduate of National Security Workshop (NSW) organized by National Defense University for the leading parliamentarians, bureaucrats, armed forces officers and business leaders in Pakistan. He is a certified director by the Institute of Cost and Management Accountants of Pakistan (ICMAP), a duly licensed body for the purpose by SECP in terms of Code of Corporate Governance. Besides the above professional responsibilities Mr. Zahid also takes time out for delivering talks on stock market issues to various educational institutions, trade bodies and investors' gatherings in Pakistan. Mr. Zahid travels extensively and has undertaken many exploratory visits to the leading stock markets of the world.

Presently Mr. Zahid Khan is Director on the Governing Board of Directors of ISE, Pakistan Mercantile Exchange Ltd, NCEL Building Management Ltd and Metropolitan Solutions (Pvt) Ltd.

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Mian Humayun Parvez is an elected director on the Board of the Exchange. He has served as director on the ISE Board of Directors of 2008-09 and has been Member of various Committees of the Exchange. He is Vice Chairman of the Demutualization and Corporatization Committee and is member of the Human Resource and Remuneration Committee of the Board. He is the Chief Executive of a brokerage house namely M/s. Mian Parvez Aslam Securities (Pvt.) Limited, an initial shareholder as well as TRE Certificate Holder of the Exchange. Like his late father, Mian Parvez Aslam, who was on the first Board of the Exchange, Mian Humayun Parvez has the honor to be on the first demutualized Board of Islamabad Stock Exchange Limited. He is a certified broker by the Institute of Capital Market (ICM) , a certified director by the Institute of Cost and Management Accountants of Pakistan (ICMAP) and possesses more than 15 years of experience in the stocks brokerage business. He has represented the Exchange in the National Security Workshop organized by National Defense University during 2008.-09. He is the Senior Vice President of Rawalpindi Chamber of Commerce and Industry (RCCI). He is a graduate with a degree in Industrial Engineering from University of Arizona and is a lifetime member of the Engineering Council of Pakistan.

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Mr. Asif Saeed Malik has been elected as Member of the ISE Board in September 2012 and is also a Member of the Board Audit Committee. He is qualified Chartered and Management Accountant and also holds MBA degree with major in Finance. He has more than 12 years experience in the field of Treasury, Corporate Finance and project appraisals in the telecommunication and financial service industry at various senior level positions. He has also participated in the Directors' Training Program duly approved by SECP under the Code of Corporate Governance.

Presently, Mr. Asif Saeed Malik is the Chief Executive of M/s AAA Securities (Pvt.) Limited, a shareholder as well as TRE Certificate holder of the Islamabad Stock Exchange Limited.

Mr. Asif Saeed Malik also serves on the Board of Directors of Hawwa Memorial Hospital, a public company “not for profit” established under section 42 of the Companies Ordinance 1984.

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Mr. Mohammad Masud Ch. is the elected director on the Board of ISE. He is the Chief Executive of M/s. Chenab Stocks Services (Pvt.) Limited. He is Managing Director, Chenab Associates dealing mainly in real estate projects. Mr. Mohammad Masud Ch. was the director on the Board of Elite Stocks Services (Pvt.) Limited, another Corporate Member of ISE. He has extensive experience of capital and real estate market. He is a graduate with professional D.A.E (Mech) certification. He has participated in various seminars and training programs relating to capital market both at national and international level. He got professional computer certifications from Quaid-e-Azam University, Islamabad. He is a certified director by the Institute of Cost and Management Accountants of Pakistan (ICMAP) and possesses more than 20 years of experience in the stock market.

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Mr. R.A. Chughtai is a SECP Nominee Director of Islamabad Stock Exchange. He is a banker by profession having 43 years extensive experience of banking. He has served the State Bank of Pakistan as Deputy Governor. He has been President and Chief Executive of Zarai Traqiati Bank Limited. Besides having served as director on the Board of Pakistan Mercantile Exchange Limited, he has also been Chairman of the Islamabad Stock Exchange in 2006 and 2010. Mr. R.A. Chughtai has also served as President and CEO of SME Bank Limited. He has been a Director on the Board of ISE during 2011.

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Mr. Umar Hayat Khan is a SECP Nominee Director on the Board of ISE. He is a seasoned banker having a vast experience of 31 years in banking and finance. He has served ICP and NDFC in senior positions and gained in-depth knowledge of Securities and Capital Markets. As a Head of Capital Market Division in NDFC, he managed an investment portfolio of over Rs 4 billion. He served as ICP/ NDFC Nominee Director on the Boards of various companies providing him practical exposure in corporate affairs, regulatory issues and corporate governance. He has also served the Securities & Exchange Commission of Pakistan as Director, Specialized Companies Division for ten years. He has been looking after registration, licensing and monitoring of Investment Banks, Leasing Companies, Asset management Companies, Mutual Funds, Venture Capital Companies and Modarabas. He also served as Registrar of Modaraba Companies and Modarabas for five years. Mr. Khan has been serving as a resource person for SBP, NIBAF and Staff Colleges/ Training academies of banks, DFIs and various Institutes of Business Management. He holds master degrees in Economics and Business Administration. He is also a law graduate and member of the Institute of Bankers. He has attended many local and foreign courses on banking, portfolio management, project management, corporate finance and Islamic Banking and Finance. He is a certified director by the Institute of Cost and Management Accountants of Pakistan (ICMAP). He has also been a Director on the Board of ISE during 2011 and 2012.”

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Mr. Hussain Ahmed Ozgen is the SECP Nominated Director of ISE. He is the Chief Executive of M/s Rahat Woollen Mills (Pvt.) Limited. He is the former President of Rawalpindi Chamber of Commerce and Industry. He also remained the chairman of various Standing Committees of Rawalpindi Chamber of Commerce and Industry He represented the Chamber of Commerce and Industry on various international forums. He has been a Nominee Director on the Board of Pakistan Mercantile Exchange Limited. During his tenure as a Director of Pakistan Mercantile Exchange Limited, the exchange became one of the leading Commodity Exchange in the region which itself speaks of his intellectual capacity. He was also a nominee Director of M/s SME Leasing Limited and Technical Education and Vocational Trading Authority (TEFTA).

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Malik Qamar Afzal is nominee director on the Board. He is an eminent Supreme Court Lawyer. He is the senior partner of Afzal & Afzal, a law firm working in Rawalpindi and Islamabad since 1990. He has written for various national dailies on legal matters and delivered speeches and lectures on various legal issues. He is Professor at law in a law school; and has been legal advisor to Rawalpindi Chamber of Commerce (RCCI) and legal representative of leading National and Multi-National Companies. He has vast experience in Commercial Law practice.

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Mr. Mujeeb Ullah is SECP Nominee Director on the Board. He is consultant by profession. He has served M/s. Naunahar bottling Company (Pvt) Ltd as General Manager from 1989 to 1995. He has also served Haidri Beverages (Pvt.) Ltd. as General Manager from 1995 to 2012. Ch. Mujeeb Ullah holds MBA degree. He has specialized in Operations Management with focus on energy conservation projects in SMEs.

He has developed special indigenous fuel to be used in boilers thus directly saving precious foreign exchange. He has extensively worked for development of rural economy by managing supply chain from village to urban areas. He is a certified director by the Institute of Cost and Management Accountants of Pakistan (ICMAP).

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