Mr. Farrukh Sabzwari, the new Chief Executive Officer for PSX – Pakistan Stock Exchange Officially Appointed Under an order dated 26 September 2024 approved by the Securities and Exchange Commission of Pakistan. The appointment comes under the recommendations from the PSX Board of the proposed nomination of Mr. Farrukh H. Sabzwari every year by SECP under the Securities Exchanges (Licensing and Operations) Regulations, 2016. This would come into effect on and from the 18th of November, 2024.
More than 25 years of investment banking and capital markets in richness with a strong track record as senior management both within Pakistan and internationally. He also has held senior positions throughout his career, including CEOs and Managing Directors of KASB Securities and BMA Capital besides Country Head for CLSA Emerging Markets in Pakistan. His international experience includes positions at CLSA Emerging Markets in New York, where he was a Vice President of sub-continent sales, and with Credit Suisse in Indonesia and Singapore.
Mr. Sabzwari was Chairman and Commissioner of the SECP for Pakistan from 2018 to 2021 and led several key regulatory initiatives during his tenure in Pakistan’s capital market. He completed his MBA from Karachi’s Institute of Business Administration in 1992. He is certified in the capital markets in Singapore, Indonesia, and New York.
The appointment follows: Mr. Farrukh H. Khan resigned in July 2024 to pursue other opportunities. He will join Jazz, the major telecom operator, as CFO. After that, the Board of PSX appointed Shareholder Director Nadeem Naqvi as interim CEO in August.
With vast experience, Mr. Sabzwari is going to lead PSX into a new era of strengthening its role in the economic growth of Pakistan and capital market development.
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