Tuesday, December 29, 2020
Muhammad farid Alam
Mr. Farid Alam has over 20 years of experience in the financial sector. Before joining AKD Securities as Deputy CEO in 2007, he was working first as the Head of Mutual Funds Division and then as the Head of Treasury at Pakistan Industrial Credit and Investment Corporation (PICIC) where he was involved in first buy out of state-owned mutual funds by the Privatization Commission and thereafter in managing the funds. He also spearheaded mergers of 13 closed end funds into one fund by identifying and adopting the shortest legal course eliminating courts involvements. Under his dynamic leadership, the Net Asset Value (NAV) of the funds grew at a very healthy pace beating KSE- 100 index and other parameters set by the management. Mr. Alam gauged the appetite of the market and raised over Rs. 3.4 billion through right issues by first convincing the management, board of directors and then the investors, which was a new trend in the mutual fund industry.