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COMPANY PROFILE
INTRODUCTION
First National Equities Limited was incorporated as a Public Limited Company on
3rd October 1994. The Company started its operations on 7th February 1995. It is
a Corporate Member of Karachi Stock Exchange (Guarantee) Limited and registered
as a Brokerage House under the Brokers & Agents Registration Rules, 2001 with Securities
and Exchange Commission of Pakistan. Presently the FNEL is mainly engaged in the
business of brokerage. However after obtaining “Investment Finance Services (IFS)â€
license; it has planned to undertake various activities of IFS.
Investment in Marketable Securities and Brokerage Commission is the prime source
of Company's income. Since its inception to date FNEL has gained a good reputation
& prominent position among local brokerage houses. Its comprehensive, high quality
and discrete financial services have guaranteed the continuous trust of portfolio
and strategic investors. FNEL's long-term development strategy is based on good
relations with customers and mutual trust. The management, the sales team, analysts
and other professionals of FNEL share a common vision of FNEL's future - to maintain
a distinguished position in the capital market and extend its services portfolio.
THE BOARD OF DIRECTORS
The Board of Directors of the Company comprises of eminent business personalities
having vast business experience spanning over decades including more than 10 years
of financial markets. The brief detail of business experience of the directors is
as under:
1. Mr. Ali Aslam Malik, Chief Executive Officer
Mr. Ali Aslam Malik is the Chief Executive of the Company. He obtained his Masters
in Commerce from Hailey College of Commerce, University of Punjab, Lahore. He attended
numerous workshops and courses on Investment, Risk Management, Management Information
Systems, Corporate & Quality Management local and national security from institutional
local & abroad. He is also an alumnae of National Defense College, Islamabad.
He is an entrepreneur having to his credit over fifteen years of experience in the
field of Business, Investment Banking, Stock Brokerage, Funds Management, Equity
and Debts Instruments, Underwriting, Placements, Syndication and Corporate Research.
He is also advising a lot of Companies other than his own group of companies. Mr.
Malik is also advising to a number of financial institutions and corporate organizations
in both private and public sector.
2. Mr. Malik Atiq- ur- Rehman
Mr. Malik is an industrialist having over three decades long experience of business
and industry. He has represented Government of Pakistan in numerous overseas delegations
including at International Labor Organization, UNO in Geneva. He holds directorship
in Excel Industries Limited, Accord Processing & Trading Works (Pvt.) Limited ,
and Nouvell (Pvt.) Limited. He is presently Senior Vice Chairman of All Pakistan
Recycle Paper Board Manufacturing Association of Pakistan.
3. Mr. Mohammad Iqbal Khan
Mr. Khan, Chartered Accountant by qualification, is partner in M/s. Sajid Iqbal
& Co., Chartered Accountants. Before launching the accountancy firm, he had served
as Group General Manager, Nagina Group of Companies. He had been looking after Taxation,
Accounts & Audit, Finance and Legal Issues of the group concerns – five listed and
five unlisted companies. He is a visiting faculty member as SKANS School of Accountancy,
Lahore since 1993 and imparting quality education to aspiring CAs. Besides CA, he
is also Fellow of Pakistan Institute of Public Finance Accountants (FPA).
4. Mr. Shahzad Akbar
Mr. Akbar is a Commerce Graduate and holds more than ten years extensive experience
in manufacturing sector. He also possesses vast international banking experience.
He has worked as Sr. Financial Services Officer at Bank of America, Houston, USA
and as the Business Banking Specialist at Bank United, USA. He is currently the
CEO of Millennium Buying House which is one of the largest procurers of dyed yarn
and ready made garments in Lahore. He also holds the position of CEO at Trisoft
International Inc. whose clients included Hay Group (world's largest HR firm) among
many others.
5 . Mr. Yoshihiro Saito
Latest profile to be updated soon.
6 . Mr. Muhammad Ali Khan
Mr.Muhammad Ali Khan has undertaken Masters in Economics from Pujab University.
His previous experience includes working as Business Development Manager at reputed
brokerage houses at LSE. He has also served as Marketing Manager at Ittefq Group
of Companies & Sampak Group of Industries.
7. Mr. Shaikh Tajamal Rashid
Sheikh Tajamal Rashid is an Associate Member of Institute of Chartered Accountants
of Pakistan. Having an eleven years of practical experience of financial management,
accounting, banking and finance, textile and power sector. He is responsible for
supervising and monitoring all accounting functions and reporting requirements,
liasing with the auditors, tax consultants and regulatory authorities. He is also
responsible for ensuring compliance with the Companies Ordinance 1984, Code of Corporate
Governance and all other relevant laws and regulations.
8. Mr. Saad Khalid Tawab
Latest profile to be updated soon.
THE MANAGEMENT
The Company is managed by a dedicated team of highly qualified and experienced professionals
and well-reputed sponsors. The management team carries vast experience of the capital
markets and enjoys a competitive edge with its risk management skills to make prudent
investment decisions taken on rational equity market analysis.
The brief profile of the key members of the management team is as under:
1. Mr. Etrat Hussain Rizvi, Advisor
Mr. Rizvi brings rich and versatile experience coupled with sound academic and a
track record of achievements including the creation, revival and consolidation of
institutions. He has over 31 years experience of working in private and public sectors
in the fields of banking, development financing, manufacturing, utility and regulatory
organizations. He has also been the key person in the development of the Code of
Corporate Governance, Insurance Rules, Private Pension System, NBFC Rules, Prudential
Regulations for NBFCs, Code of Conduct for credit rating companies etc. Mr. Rizvi
is the advisor of the company. His last assignment was Commissioner SECP. He has
also been the Chairman of The Bank of Khyber, Managing Director of National Development
Leasing Corporation and Managing Director of Paramount Leasing Ltd.
2. Mr. Ali A. Malik, Chief Executive Officer
Please refer to The Board of Directors.
3. Mr. Kashif Amjad, Head of Risk Management
Mr. Kashif Amjad is an MBA from the International University, Missouri, USA. He
has more than 10 years of experience working in an investment bank with special
exposure to risk management. Prior to joining FNEL, he was dealing with the brokerage
business of our leading corporate concerns in Pakistan. Before joining FNEL, he
was holding various managerial positions.
4. Mr. Muhammad Ali Khan, Head of Sales
Please refer to The Board of Directors
5 . Mr. Rais Ahmed Dar (Chief Financial Officer)
Latest profile
to be updated soon. . .
6. Mr.Naveed Ishaque(Head of Co-ordination)
Mr. Naveed Ishaque has attained a Post Graduate Diploma in Business
Administration from Punjab University (IBA Department)
Mr. Ishaque has more than eighteen years experience in leading brokerage houses
including ABN AMRO Equities (Pakistan) Ltd. He had also worked as Head of Operations
in one of our Group Companies First Pakistan Securities Ltd. He also worked as Head of
Settlement in ABN AMRO Equities (Pakistan) Ltd. He is well versed in CDC Operations,Funds,
Risk Management and Settlement related issues.
7.Mr. Abdul Maalik Khan(Head of Customer Support Services)
Mr. Abdul Malik Khan is a Commerce graduate from the University of the Punjab,
for the last eight years. He is serving the FNE Group with the best of his professional
expertise in different departments from trading to settlement. He also works as Manager
Operations in one of our Group Company M/s First Pakistan Securities Ltd. He possesses
a vast professional experience of the Stock Market activities and is able to understand
the current trends of the market and has the ability to reach the categorical solutions
to the problems of the market.He has Directorship in our Group Companies M/s First Pakistan Securities Ltd & M/s Switch Securities Pvt. Limited as well.
Currently he is serving First National Equities Ltd as Head of Customer Support Services in highly professional manner.
8. Mr.Asif Mumtaz Mian(Company Secretary)
Latest profile
to be updated soon. .
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