ISLAMABAD – Federal government on Tuesday has appointed new Chairman ofthe Securities and Exchange Commission of Pakistan.
Government has issued a notification, appointing Farrukh H Sabzwari asSecurities and Exchange Commission of Pakistan (SECP) Chairman.
Sabzwari was appointed Commissioner at SECP on November 15, and on December27, 2018, the federal cabinet had approved his appointment as the SECPchairman.
He is an MBA in finance with more than 25 years of professional experiencein the capital markets in Pakistan and abroad.
Before joining the SECP as a Commissioner, he was the CEO of BMA CapitalManagement, one of Pakistan’s largest firms dealing in financial services.
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His previous senior management roles include a 7-year stint with CreditSuisse Securities in Singapore as Director APAC Equities Sales from 2010 to2017.
Prior to that, he was CEO at KASB Securities, a Merrill Lynch JV partner inPakistan, a position he held from 2005 to 2009. He also spent more than 8years at CLSA, a Citic-owned boutique investment firm, as Country Managerand Head of Sales for Pakistan from 1995 to 2001, and subsequently as VPsubcontinent sales in New York in 2001-2003.
He completed his Singapore Broker License and Indonesian Capital MarketExams in 2010 and his Series 7 and 63 in New York in 2001.