BOARD OF DIRECTORS

Muhammad Abdul Aleem – Chairman
Mr. Aleem has over 35 years of work experience including 30 years with two leading multinationals. He has worked for about 20 years in the oil refining, petrochemicals and oil marketing (National Refinery Ltd., / ESSO Fertilizer (Engro Chemicals) / ESSO Singapore) business. Mr. Aleem joined British American Tobacco, UK group in 1990 and worked for 14 years in Pakistan, Singapore, Cambodia and Mauritius / Indian Ocean region.

On his return to Pakistan in 2004, he has worked for leading GOP owned corporations. His last assignment was as the Managing Director of Pakistan State Oil which he left in October 2008. Over the years, as part of his senior management role, Mr. Aleem has been Board member of various listed and non listed corporate entities both within Pakistan and overseas. He has also been on the Board of LUMS and was the Chairman of OCAC (Oil Company Advisory Committee) during 2008.

A Fellow Chartered Accountant (Gold Medalist) and a Fellow Cost and Management Accountant by profession, Mr. Aleem has attended numerous professional management development courses conducted by leading international organizations including short management program from Stanford University, and from Indiana University, USA.

Feroz Rizvi – Director
Mr. Rizvi qualified as a Chartered Accountant from England and Wales. He is Chief Financial Officer in ICI Pakistan Limited. His responsibilities include long-term financial planning, investor relations, risk management, corporate governance, succession planning of senior finance staff, medium and long-term financial and corporate strategies and acting as a liaison with the company’s principal shareholder, AkzoNobel. He possesses over 30 years of extensive experience at various senior management capacities both locally and at international levels.

Syed Majid Ali – Director
Mr. Ali has over 20 years of diversified and progressively responsible experience through managing accounting and finance related responsibilities interlaced with IT and HR activities. Mr. Ali has worked in local and regional banks, having varying infrastructure and control environment. He has served as Chief Financial Officer for over 11 years in Saudi Pak Commercial Bank Ltd. and Emirates Bank International PJSC. He had been affiliated with KPMG at various positions for 8 years before he became a Partner in 2005. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan and a member of Income Tax Bar Association.

Zafar Ahmed Siddiqui – Director
Mr. Siddiqui has done his MBA from Institute of Business Administration. He also has advanced degrees in marketing communication and business administration from Walter E. Heller College of Business Administration, Roosevelt University, Chicago – USA, and has over 28 years of valuable experience in marketing and sales. He is currently Director of Centre for Entrepreneurial Development at the Institute of Business Administration, University of Karachi. He is also on the board of the following companies:

1. Engro Foods
2. Inbox Technologies
3. Pakistan Society for Training & development
4. Mind Sports association of Pakistan

Salman Ahmad Usmani – Director
Mr. Usmani is an MBA from Grand Valley State University, Michigan, USA and has over 22 years of solid experience in corporate banking with a core focus in Treasury. He has served as President of the Financial Market Association of Pakistan (2004 – 2006) and has held senior positions in leading international and national banks in Pakistan. His areas of specialization entail Treasury & Risk Management, Asset & Liability Management, Strategic Planning, Corporate Restructuring, Strategic Negotiations, Acquisitions & Strategic Alliances, International Operations, Operations Management, and Turnaround Management.

MANAGEMENT

Salman Haider Sheikh – Chief Executive Officer
Mr. Haider has over 13 years of international experience of asset management and investment banking.  He has held various securities licenses including Series-7 (General Securities Representative) and Series-63 (Uniform Securities Agent Law) issued by the National Association of Securities Dealers, (NASD) New York. He has also passed course examinations for Series-3 (Futures & Commodities) and Series-24 (General Securities Principal) and Life & Health Insurance licenses. He has participated in a six-month course on financial systems, risk management, analysis of financial products, marketing strategy and compliance at Wachovia Bank, USA.

He has managed large investment portfolios for both retail and institutional clients on the equity and fixed income side. Mr. Haider participated as a team member in venture capital / Private equity and investment banking transactions of over $1 billion. His work experience includes positions in the USA at Merrill Lynch, Janney Montgomery & Scott and Wachovia Bank. Mr. Haider holds a post-graduate certificate in "Executive Leadership" from CORNELL UNIVERSITY. He holds an MBA from RUTGERS UNIVERSITY with concentration in Finance. He holds bachelors in Finance from the same institution.

Tahir Sohail – Chief Operating Officer
Mr. Tahir Sohail is a senior banker with over 24 years of broad base banking experience with leading multinational banks like Citibank and Deutsche Bank. He has worked in increasingly responsible position within corporate, consumer and private banking businesses both within and outside Pakistan and was instrumental in implementing a credit scoring model for credit cards acquisition in Pakistan during his Citibank tenor. In Deutsche Bank, Tahir was actively involved in developing wealth management products at Asia Pacific regional level.

Shahid Usman Ojha – Chief Financial Officer
Mr. Shahid Usman Ojha has over 15 years of experience in the mutual fund industry and has held leading positions in local and multinational financial institutions. Mr. Ojha is an associate member of the Institute of Cost & Management Accountants of Pakistan and the Pakistan Institute of Public Finance Accountants. He has completed his Masters in Economics from the University of Karachi. Mr. Ojha has been involved with the asset management industry in multi-functional capacities. Prior to joining FAML, Mr. Ojha worked in a similar position in Dawood Capital Management Limited where his core responsibilities included Financial Management & Reporting, Taxation, Finalization of Accounts and Budgeting.

Asad Iqbal – Chief Investment Officer
Mr. Iqbal has worked on Wall Street from 1995 to 2002 in various capacities with the latest being Vice President in Equities for Goldman, Sachs & Co. At Goldman, he was responsible for book building for all Goldman lead equity and convertible equity offerings for their US clients. During this period, Mr. Iqbal worked on over 100 equity and convertible debt offerings including some of most prominent deals such as the Goldman Sachs and Accenture Initial Public Offerings and the AT&T secondary offering.

Prior to joining FAML, Mr. Iqbal was Managing Director of one of the prominent equity brokerage houses of the country and also served on the board of directors for the Karachi Stock Exchange |(G) Ltd in 2009. As a member of the KSE board Mr. Iqbal served as the chairman of the New Products committee and was instrumental in the launch of the Bond Automated Trading System as well as the re-introduction of Cash Settled and Deliverable Futures. Mr. Iqbal also served on the boards of the National Commodity Exchange as well as JCR-VIS. Mr Iqbal holds a Bachelors of Science Degree from Carnegie Mellon University and also held Series 7 and Series 63 certifications from the NASD.

Raza Mohsin Qizilbash – Company Secretary
Mr. Qizilbash has over 20 years of professional experience specializing in the field of litigation, corporate and banking laws. He is currently working in Faysal Bank Limited (FBL) as Acting Company Secretary & Head Legal Affairs. Before joining FBL, Mr. Qizilbash served in UBL for 7 years where his last position was of Divisional Head, Legal and Company Secretariat Division. He has also Practiced Independently as an Advocate High Court from 1990 till 2001. Mr. Qizilbash has done his degrees of LLB and Bachelors of Arts from University of Punjab, Lahore.

Jamsheed Ghaswalla – Head of Distribution
Mr. Ghaswalla has over 13 years of experience in banking particularly catering to the High Net Worth and Wealth Management clients. His work experience includes Standard Chartered Bank, ABN AMRO Bank in Dubai, Citibank N.A, HSBC Pakistan and Allied Bank Ltd.

During his tenure at ABN AMRO Bank in Dubai he headed the Pakistan desk for Preferred Banking and Private Banking clients; He was Country Head for CitiGold Banking & Wealth Management and later Country Head for deposits at Citibank Pakistan. He headed the Business Banking Unit (BBU) at HSBC in Pakistan. In his last assignment prior to joining Faysal Asset Management Ltd he was Group Head for Liabilities business at Allied Bank Ltd.

Syed Qamar Abbas – Head of Research and Product Development
Mr. Abbas is currently Head of Research and Product Development at FAML. Mr. Abbas earned his MSc. in Finance from Cass Business School London and MSc. in Physics from University of Karachi. He has over nine years of experience in Capital Market Research, Investment Advisory and Product Development with over three years association with UBL Fund Managers as Manager Research and Product Development. He played an instrumental role in launching Fixed Income, Equity and Islamic Funds at UBL Fund Managers. Mr. Abbas started his career in 1997 with Eastern Capital Limited and had worked with top tier brokerage houses since then before joining UBL Fund Managers. He also taught at a renowned business school of Karachi in both graduate and undergraduate programs.

Omar Ehtisham Anwar - Fund Manager(Equity)
Mr. Omar Ehtisham Anwar has more than four years of experience in equity markets. He is a CFA Level 2 candidate and is a graduate of Lahore University of Management Sciences (LUMS) and holds a BSC (Honors) degree in Computer Science. Previously, Mr. Anwar was working for Alfalah Securities in the Institutional Sales Group. His responsibilities included dealing with individual, institutional and foreign clients, guiding clients on their investment options by keeping abreast with market conditions, meeting market deadlines and risk assessment. He was also responsible for providing business and technical support and initiating new product ideas.

Ayaz Mustafa Zuberi - Fund Manager (Fixed Income)
Mr. Ayaz Mustafa Zuberi has over thirteen years of experience in the financial sector. He was on the Board of Directors of three Securitization Companies in Pakistan. Mr. Zuberi was also the Chief Dealer in Treasury at ORIX Investment Bank Pakistan Limited and prior to joining FAML he was serving as Manager Islamic Funds at UBL Fund Managers Limited. Mr. Zuberi holds Masters in Business Administration from American University of Hawaii and is also a Certified Fraud Examiner from ACFE, Austin, USA. He has also done one year Post Graduate Diploma in Islamic Banking & Finance from the Centre for Islamic Economics (Dar-ul-Uloom) Karachi.