Saturday, March 26, 2011
Mr. Muhammad Ali was appointed Chairman of the Securities and Exchange Commission of Pakistan (SECP) on December 24, 2010. He has an extensive and diversified corporate and financial markets experience spread over 20 years.
An MBA from the Institute of Business Administration (IBA), University of Karachi, Mr. Ali is a well-known professional and entrepreneur. He started his career with Citibank and moved on to Smith New Court Securities in London. In 1994, Mr. Ali finalized a joint venture with Indosuez W.I. Carr Securities (Asian brokerage arm of Credit Agricole Indosuez) and led Indosuez W. I. Carr Securities, Pakistan for six years. During his tenure as CEO, the company became one of the largest and the best rated brokerage houses in Pakistan, attracting one of the highest levels of foreign portfolio investment in the country’s equity markets amongst all market intermediaries. Mr. Ali also led the expansion of W.I. Carr’s business activities to Bangladesh and finalized group’s strategy for Middle East and North African markets.
Mr. Ali then changed his focus to private equity investments and setting up of new businesses. He has been the driving force behind the creation and success of various companies in Pakistan, Middle East and North America in financial, real estate development, information technology and digital content management sectors. Mr. Ali was responsible for idea generation, planning, funding and setting up of these businesses.
Mr. Ali has also served as a Director on the Boards of reputable companies like Engro Corporation Limited, Karachi Stock Exchange (Guarantee) Limited, Dawood Bank Limited, etc.