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For the Quarter Ended on 31st December, 2016

Board of Directors
 
Nasir Muqeet - CEO

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 23 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.

Ashraf Bava, CFA - Non-Executive Director

Ashraf Bava, CFA is the non-executive director of Nael Capital. 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 9 years in different roles, his last role with Elixir was as CEO/Head of Broking of the firm. He has been dealing with both local financial institutions and foreign portfolio investors and dealt with clients in 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 has an extensive experience in risk management, compliance and internal controls. He is also an active volunteer of the CFA Association of Pakistan and has served on its board for last several years and served as President & Advocacy Chair of the society in the last 5 years. 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 Pakistan Stock Exchange (Ex-Karachi Stock Exchange and National Clearing Company of Pakistan in the year 2011. He also chaired the Trading Affairs Committee of the Karachi Stock Exchange in the same year. He has also served on the board of Institute of Financial Markets of Pakistan for three years until 2019 as a nominee of Securities & Exchange Commission of Pakistan. Globally he has also served as member of Standards and Practice Council of CFA Institute for 6 years and Audit and Risk Committee of CFA Institute for one year. Currently he is serving as the Presidents Council Chair of CFA Institute for APAC South region since 2018.

Audit Committee
  • Ashraf Bava, CFA (Non-Executive Director)
  • Muhammad Yousuf (Head of Compliance)
Pattern of Shareholding
CATEGORISE OF SHARESHOLDERS SHAREHOLDERS SHARES HELD PERCENTAGE
Directors and their spouse (s) and minor children
Name:
  1. Ashraf Bava
  2. Irshad Ul Haq Khan
  3. Nasir Muqeet
 
 
 
CEO
Director
Director
 
 
 
3,808,500
8,500
169,000
 
 
 
76.17%
0.17%
3.38%
Associated Companies, undertakings and related parties None None None
Executives
  1. Muhammad Shakeel
 
Head of Sales
 
1,014,000
 
20.28%
Public Sector Companies and Corporations None None None
Banks, development finance institutions, non-banking finance companies, insurance companies, takaful, modarabas and pension funds None None None
Others None None None
Total   5,000,000 100%
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