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Board of Directors
 
Ashraf Bava, CEO

Ashraf Bava, CFA is one of the sponsors of Nael Capital (Pvt) Limited (NCPL), holding 76.17% of the shareholding and also heading the firm. He has been affiliated with the capital markets since 1995. His last employment was with Elixir Securities Pakistan (Formerly Indosuez W.I Carr Securities (Pvt.) Ltd.) where he worked for more than 19 years and was working as the Chief Executive of the company when he left to pursue his own business. He has been dealing with both local financial institutions and foreign portfolio investors during his career and has a good reputation with clients in Pakistan as well as in countries such as USA, UK and Fareast region. He has been on a number of road shows and also attended various conferences abroad hence bringing with him a strong international experience of dealing with foreign clients. He is also an active volunteer of the CFA Association of Pakistan and has served on its board for last several years and is currently the President of the society. He has done his BBA (Hons) and MBA from the Institute of Business Administration in 1994 and attained the CFA Charter in 2002. He has also served on the boards of Karachi Stock Exchange and National Clearing Company in the year 2011. He also chaired the Trading Affairs Committee of the Karachi Stock Exchange in the same year.

Nasir Muqeet - Director

Nasir Muqeet started his career with a local brokerage house in 1994. Before joining Nael Capital he worked for Elixir Securities Pakistan (Formerly Indosuez W.I.Carr Securities) in Equity Sales Department from 1995 to 2010. He worked as a senior member of institutional sales team and dealt with mutual funds, banks, DFIs, etc. He has been the key player in Elixir Sales team and single handedly persuaded the management to start the retail business. During his tenure, Elixir's retail clientele had risen from hundreds to thousands. During his tenure Elixir opened three retail branches in all the key locations of the country namely Lahore, Islamabad and Karachi.  Nasir Muqeet is one of the keymembers of our Institutional Sales team. He would be working closely with other teammembers to strengthen our foothold in the individual clientele sector. His expertise of executing huge foreign orders at his previous job gives him a big advantage over others in understanding the market flows. Taking advantage of his expertise and experience on the retail side Nasir has been given additional responsibility of developing our retail business in the capacity of our Head of Marketing. Nasir is an MBA from one of the local university.

Irshad Ul Haq Khan - Director

Irshad Ul Haq Khan brings with him over 18 years of experience in the brokerage business of Pakistan. His last assignment was as Vice President, Institutional Sales at Elixir Securities Pakistan formerly Indosuez W.I. Carr Securities (IWICS) which was one of the leading emerging market stock brokers and part of the Credit Agricole Group of France. IWICS was rated as the best foreign securities firm in Pakistan by Asia money 1995, 1996 & 1997 surveys, Euro money 1996, 1998 & 2000 surveys and Reuters 1999. He was a senior member of institutional sales team and has been dealing and with local financial institutions, high net worth individuals and foreign broker dealers. As a senior member of the sales team he has also met all his foreign clients in the Far East region when Elixir held a road show in 2008.

Audit Committee
  • Ashraf Bava, CFA (CEO)
  • Muhammad Yousuf (Head of Compliance)
Pattern of Shareholding
Name Shares held Percentage
Ashraf Bava 3,808,500 76.17%
Irshad Ul Haq Khan 8,500 0.17%
Nasir Muqeet 169,000 3.38%
Muhammad Shakeel 1,014,000 20.28%
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