Board of Directors

Towfiq Habib Chinoy, Chairman
Having completed his Higher National Certificate in Mechanical Engineering from Luton and South Beds College (UK), Mr. Chinoy undertook his Engineering Apprenticeship at Vauxhall / Opel Motors (UK) and worked at the Bombay Garage Limited (1960-63).Mr. Chinoy has been associated with International Industries Limited since 1964. He is presently holding the charge of non-executive Chairman of New Jubilee Insurance Company Ltd., Packages Ltd. and Pakistan Cables Ltd. He holds directorship of BOC Pakistan Ltd., New Jubilee Life Insurance Co. Ltd., IGI Investment Bank Ltd., International Steels Ltd. and now chairmanship of HBL Asset Management Ltd. He is also Trustee of Mohatta Palace Gallery Trust and Director of the Pakistan Centre of Philanthropy.

Mr. Chinoy has served as the Member of the Engineering Development Board, Government of Pakistan, the Advisory Board of Ports and Shipping Sector, Ministry of Communications, Director on Board of Port Qasim Authority, National Refinery Ltd and Pakistan Business Council. He has held various appointments at the Aga Khan Economic Planning Board and Sultan Mohammad Shah Aga Khan III Foundation School, Karachi.

Rehan N. Shaikh, Chief Executive Officer
Mr. Rehan N. Shaikh is the Chief Executive Officer of HBL Asset Management Limited with over 16 years of international experience in the Mutual Funds industry. He joined HBL Asset Management at its inception as Chief Operating Officer in January 2006. Mr. Shaikh spearheaded establishment of the company and played an instrumental role in launch of its several funds.

Prior to joining HBL Asset Management , Mr. Shaikh worked at State Street Corporation in Boston, USA. During his 10 years at State Street, Mr. Shaikh managed several operational groups including fund accounting, custody, security pricing and financial reporting for multiple institutional clients, including Federated Investors, MFS Investment Management and Wachovia Bank. Mr. Shaikh lead several mergers and back office conversions and also helped establish an operational department servicing State Street’s largest client, migrating over 250 funds and over $111 billion in assets to State Street.

Shahid Ghaffar, Director
Mr. Shahid Ghaffar holds an MBA Degree from Gomal University, D.I.Khan, Khyber Pakhtunkhwa, Pakistan. He is currently Head of Investor Relation and Corporate Representation as well as a Member of Management Forum at Habib Bank Limited (HBL). Mr. Ghaffar served as CEO of HBL Asset Management Limited for over six years (November 2005-April 2012) and was instrumental in the establishment and growth of this Company. Prior to that he has served as Commissioner / Executive Director at the Securities & Exchange Commission of Pakistan during the Period (August 2000 – November 2005) where he actively participated in the successful implementation of wide ranging reforms in the capital market. He has also served as the first non-member Managing Director/CEO of Karachi Stock Exchange for over two years (1998-2000) where he successfully introduced effective risk management and automation of the Exchange. He has served NIT, one of the biggest open-ended funds in the Country, for about 21 years working in different capacities in the Asset Management Division and at various stages was involved with the appraisal and monitoring of projects, the debt/fixed income portfolio, the equity portfolio and trading desk. In 1996 Mr. Ghaffar became responsible for the Asset Management Division and actively participated in the re-construction of NIT during the crises period (1996-1998).

Sohail Malik, Director
Mr. Sohail Malik holds a MBA degree with majors in Finance and Production Management from Indiana University, Bloomington, USA and B.Sc in Electrical Engineering from West Pakistan University of Engineering and Technology, Lahore. Mr. Malik has over 30 years of working experience including over 22 years of extensive banking experience in various disciplines. He joined HBL as SEVP/Member Management Committee and Head of Credit Policy in April 1998 as part of the professional management team to prepare the bank for privatization. He developed and implemented a comprehensive credit policy manual in HBL and was also instrumental in setting up an effective risk management system in HBL. Mr. Malik was extensively involved in the restructuring of HBL’s stuck up loan portfolio. He has contributed in the growth of HBL’s improved new loans portfolio over the last 8 years through industry diversification, focus on quality borrowers and effective staff training.

Sadia Khan, Director
Ms. Sadia Khan holds a MBA from Insead (France), a Masters in Economics from Yale University (USA) and an undergraduate degree in Economics from Cambridge University (UK). Ms. Khan has extensive experience in finance and management having worked with such highly reputed institutions as Lehman Brothers, United Nations and Asian Development Bank. From 2000-2003, Ms. Khan was the Executive Director Non-Banking Finance Companies at the Securities and Exchange Commission of Pakistan and most recently (03-05) Head of Strategic Management at the State Bank of Pakistan where she was responsible for designing the strategic planning framework for State Bank of Pakistan and the formulation of its long-term strategic plan.
Miss Khan was a member of several Task Force/Committees such as the Restructure of the Non-bank Finance Sector and Introduction of Fiscal Incentives for Mergers/Acquisitions in Pakistan’s financial sector and attended various conferences and workshops throughout the world.

Mr.Abid Sattar, Director
Mr.Abid Sattar holds a MBA in Finance from Punjab University with Gold Medal for securing Top position and M.Phil in Economics and Politics of Development from Cambridge University, UK. Mr.Sattar was also awarded Quaid-e-Azam Merit Scholarship – the most coveted academic scholarship by Government of Pakistan for studying abroad. Mr. Sattar has extensive experience of over 24 years in Corporate & Consumer and Retail Banking, both in Pakistan as well as abroad. Mr. Sattar holds the distinction of being one of the pioneers in the establishment of Consumer Business in Pakistan with renowned banks such as Citibank NA, ANZ Grindlays Bank and Standard Chartered Bank. Currently, He is Head-Global Operations & Learning and Development at Habib Bank Limited (HBL). Before joining HBL in April 2006, Mr.Sattar was working with Standard Chartered Bank as Regional Head of Consumer Banking-Northern Gulf & Levant.