Board of Directors 2012-2015

• Chairman

  Name: Mr. Muhammad Rashid Zahir     Mr. Muhammad Rashid Zahir has been re-elected as the chairman of ISE Board. He was the chairman of ISE Board for the year 2011. He has extensive executive/board level experience in development, investment and commercial banking. He served as Chief Executive Officer of Saudi Pak Industrial & Agricultural Investment Company Limited from January 1991 to January 2011 and during this stint, Saudi Pak acquired a commercial bank and a leasing company and set up an insurance company and a real estate development company. He has served on the Boards of several listed companies in a fiduciary capacity. He graduated from Government College, Lahore and obtained MBA degree from Institute of Business Administration, Karachi. Mr. Rashid Zahir has also been a director on the Board of ISE during 2001-2004, 2006 2010 and 2011.

• Managing Director/ CEO

  Name: Mian Ayyaz Afzal.     Mian Ayyaz Afzal is the Managing Director/Chief Executive Officer of the Islamabad Stock Exchange (ISE). He has done his Master in Economics from Northeastern University, Boston, Massachusetts, USA. He has vast experience of capital market as well as real estate market. He has served Central Depository Company as its Head Islamabad Branch during 1996 to 2005. He has served JS Abamco as Vice President and worked as Chief Capital Market Operations in a brokerage house. He has been providing consultancy services for new real estate development projects.

• Director

  Name: Mr. Zahid Latif Khan     Mr. Zahid Latif Khan is the elected director on the Board. He is the Chief Executive of M/s. Zahid Latif Khan Securities (Pvt.) Limited, Corporate Member of ISE. He has extensive experience of over twenty years of securities and commodities trading. He has been director on the ISE Board during 2001, 2003, 2005, 2007 and 2008. He is a senior member of Rawalpindi Chamber of Commerce and Industry (RCCI) and remained a member of Executive Committee. He was an active participant of System Review Design Committee of National Clearing Company of Pakistan Limited. He served as a Director of Pakistan Mercantile Exchange Limited and made significant contributions on their policies and operational affairs. As a Director of ISE Mr. Zahid represented the Institute at both national and international forums including US Securities and Exchange Commission�s International Institute of Securities Market and OIC�s Stock Markets. He visited the Securities Market Institutes of Asian Development Bank & United Nations Capital Market Institutes. He bears extensive experience of regulatory and Tax regime in Pakistan.

• Director

  Name: Mian Humayun Parvez     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 presently the Vice Chairman of the Demutualization and Corporatization Committee of the ISE Board. He is the Chief Executive Officer of M/s. Mian Parvez Aslam Securities (Pvt.) Limited, a shareholder as well as Trading Right Entitlement (TRE) Certificate Holder of the Exchange. He is an Institute of Capital Market (ICM) certified broker and possesses extensive experience of brokerage business of more than 15 years.

• Director

  Name: Mr. Asif Saeed Malik     Mr. Asif Saeed Malik has been elected as a Member of the ISE Board in September 2012 and is also a member of the Board Audit Committee. He is professionally a Chartered and Management Accountant and also holds an MBA degree with majors in Finance. He has more than 10 years of experience in the field of Treasury, Corporate Finance and project appraisals in the Telecommunication and financial service industry at various senior level positions. 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 Exchange. 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.

• Director

  Name: Mr. Mohammad Masud Ch.     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. 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 got professional computer certifications from Quaid-e-Azam University, Islamabad.

• Director

  Name: Mr. Rashid Akhtar Chughtai     Mr. R.A. Chughtai is the Nominee Director of Islamabad Stock Exchange. He is a banker by profession having 40 years extensive experience of banking. He has served the State Bank of Pakistan as Deputy Governor. He has been President and Chief Executive of Zari 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 also been a Director on the Board of ISE during 2011.

• Director

  Name: Mr. Umar Hayat Khan     Mr. Umar Hayat Khan is the Nominee Director on the Board of Islamabad Stock Exchange. He is a seasoned ex-banker. He has served ICP and NDFC for 14 and 17 years respectively in different capacities. He has served the Securities & Exchange Commission of Pakistan as Director, Specialized Companies Division for ten years. Mr. Khan has also vast educational experience. He has taught in all the known universities of the area for about 20 years as a visiting faculty member. He holds master degrees in Economics and Business Administration. He is also a law graduate and member of Institute of Banker. He has also been a Director on the Board of ISE during 2011.

• Director

  Name: Mr. Hussain Ahmed Ozgen     Mr. Hussain Ahmed Ozgen is the SECP Nominated Director of Islamabad Stock Exchange. He is the Chief Executive of M/s Rahat Woollen Mills (Pvt.) Limited. He is a prominent business figure in Islamabad & Rawalpindi and has the honor of being the president of the Rawalpindi Chamber of Commerce and Industry during 2003 -2004. His efforts to improve the relations between the government and the business community are acknowledged by both ends which speaks his acumen. He has a vast experience in handling the affairs of such offices and his advises for the amelioration in the field of economics is always embraced by the government. He remained the chairman of various Standing Committees of Rawalpindi Chamber of Commerce and Industry and 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 top 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). He represented the Chamber of Commerce and Industry on various international forums.

• Director

  Name: Malik Qamar Afzal     Malik Qamar Afzal is nominee director on the Board. He is Supreme Court Lawyer by profession. He is the senior partner of Afzal & Afzal, a law firm working in Rawalpindi and Islamabad since 1958. He has written for different national dailies on legal matters and delivered speeches and lectures on various legal issues. He is professor at law in law school; and has been legal adviser to Rawalpindi Chamber of Commerce (RCCI); representing major National and Multi-national companies. He has vast experience in Commercial Law practice and is a well-known corporate entity.

• Director

  Name: Chaudhry Mujeeb Ullah     Ch. Mujeeb Ullah is SECP nominee Directors on the Board. He is consultant by profession. He has served M/s. Naunahar Bottling Company (Pvt.) Limited as General Manager from 1989 to 1995. He has also served Haidri Beverages (Pvt.) Limited as General Manager from 1995 to 2012. He holds extensive corporate level experience. Ch. Mujeeb Ullah holds MBA degree.