Mr. Shahid Ghaffar, Chairman Mutual Fund Association of Pakistan (MUFAP) holds an MBA Degree from Gomal University, D.I.Khan, Khyber Pakhtunkhwa . He is the Chief Executive Officer of HBL Asset Management Limited. Mr. Ghaffar has extensive experience of fund management in Pakistan. He has served NIT, one of the largest open-ended funds in the Country, for about 21 years and was responsible for the Asset Management Division and actively participated in the re-construction of NIT during the crises period 1996-1998.
Mr. Ghaffar served as the first non-member Managing Director of Karachi Stock Exchange (KSE) for over 2 years during the period 1998-2000 and was instrumental in introducing effective risk management systems at KSE. He has also served as Executive Director / Commissioner (August 2000-November 2005) at the Securities and Exchange Commission of Pakistan and actively participated in the successful implementation of wide ranging reforms in the capital market.
