Management

Shahid Ghaffar - CEO
Mr. Shahid Ghaffar holds an MBA Degree from Gomal University, D.I.Khan, NWFP, Pakistan. Mr. Ghaffar has extensive experience of fund management in Pakistan. 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.
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 (Aug.2000-Nov.2005) at the Securities and Exchange Commission of Pakistan and actively participated in the successful implementation of wide ranging reforms in the capital market.

Rehan N. Shaikh - COO
Prior to joining HBL Asset Management Ltd at its inception, Mr. Rehan Shaikh worked at State Street Corporation in USA. With $9.8 trillion in assets under custody and $1.4 trillion under management, State Street is world leader in financial services. While there, Mr. Shaikh managed several groups which performed back office operations including fund accounting, custody, security pricing, audit, financial reporting and risk management. He also managed several technology projects designed to increase productivity while gaining efficiencies in business groups.
During his 10 years at State Street Mr. Shaikh managed accounts for several 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 250 funds and $111 billion in assets to State Street.
Mr. Shaikh managed back office operations for several types of mutual funds, including Mini/ Mid/ Max Cap, Income, Balanced, Growth, Hedge, High Yield, Mortgage Backed, International and Emerging Markets, Money Market and REITS funds. While managing these funds, he developed a solid understanding of different security types, including but not limited to Equities, Mortgage Backed Instruments, Corporate Bonds, Government Treasury Bills, Municipal Bonds, International Debt and Equity, Futures, Forwards, Options, SWAPS, REITS, TIPS,TRAINS, REMICS and Restricted Securities.

Shah Faisal - Head of Marketing
Mr. Shah Faisal holds an MBA degree from University of East Manila, Philippines.
Mr. Faisal holds a diverse and extensive experience of over 15 years working in the financial industry in Pakistan and has been involved in marketing of various financial products. His specialized area of activity and clientele has been in the local corporates as well as the SME sector in Pakistan.
Mr. Faisal’s career started with ABN AMRO Bank in 1991 where he joined in the Credit Division. Moving on from ABN AMRO, Mr. Faisal joined Ghemni Leasing in 1992 and moved on to advance his career further with First Dawood Investment Bank Limited in 1995 as Assistant Vice President. Mr. Faisal progressed to become Senior Vice President and Group Head of Marketing in First Dawood Investment Bank Limited; monitoring the portfolio of group companies, business development, mergers and acquisitions and fostering mutually beneficial relationships with corporates and high net worth clients.
Mr. Faisal was also closely involved with the launch and subsequent expansion of Dawood Money Market Fund and First Dawood Mutual Fund and has served as director at Dawood Capital Management Ltd.
Prior to joining HBL Asset Management, Mr. Faisal was Chief Executive of Financial World Modaraba Ltd., an investment advisory and financial facilitation company to Small-Medium Enterprises.

Noman Ahmed Soomro - Chief Financial Officer
Mr. Soomro is a qualified Chartered Accountant from the Institute of Chartered Accountant of Pakistan (ICAP).
Prior to joining HBL Asset Management, he was working at A.F.Ferguson Chartered Accountants; a member firm of Pricewaterhouse Coopers. During his five years at A.F.Ferguson with the Assurance and Business Advisory Services of the firm, he conducted audits of major financial institutions of Pakistan including local and foreign commercial banks, mutual funds, modarbas, housing finance company and leasing companies.
Mr. Soomro was also a key member of the team which conducted pre-acquisition Financial and Taxations Due Diligence Review of a commercial bank in Pakistan. Mr. Soomro has also conducted Internal Audit reviews of a large commercial bank and a foreign bank where the responsibilities included reporting on effectiveness and efficiency of internal audit department and independent reporting on internal control weaknesses.

Mohammad Amir Khan - Fund Manager
Mr. Amir Khan holds an MBA degree from Adamson University, Manila; Philippines.
Mr. Khan has a rich and diversified experience of over 12 years in treasury, investments and finance. Mr. Khan started his career with prestigious Hub Power Company Limited in 1993 as trainee officer and has been associated with the financial sector since 1996, when he joined Al Faysal Investment Bank Limited (Now Faysal Bank Limited) in the Treasury Department. He then joined Saudi Pak Leasing Company as the Chief Dealer Treasury. During his tenure at Saudi Pak Leasing he got exposure in money market, PIBs, Corporate Bonds, Reverse Repo, Clean Placements, COIs, COT transactions & Equity Investments. Prior to joining HBL Asset Management Limited he was serving as Senior Vice President and head of Fixed Income Sales at Invisor Securities (Pvt.) Limited, a corporate brokerage house licensed by Securities and Exchange Commission of Pakistan.

Naveen Jumani - Manager Compliance
Mrs.Miss. Naveen is a CA Finalist from the Institute of Chartered Accountant of Pakistan (ICAP). Prior to joining HBL Asset Management, she was working at A.F.Ferguson Chartered Accountants; a member firm of Price water house Coopers. In her last assignment she was working in Tax and Legal Services department at A.F.Ferguson where she was involved in tax and consultancy services of banks and major oil and gas companies. During her four years article ship with A.F.Ferguson, she worked in the Assurance and Business Advisory Services of the firm performing audits of several Companies in various sectors including, oil and gas, Insurance, banking and major companies of services industry of Pakistan. Her responsibilities during audit included planning and supervision of the audit engagements, assessment of business and audit risks of clients, reporting on internal control weaknesses and assisting clients in preparation of financial statements.

Faran Hussain - Officer Investor / Registrar Services
Mr. Faran Hussain graduated from Govt. Premier College Karachi in 1997. He has over four years of experience to his credit including two years as Accounts Officer at Procon Engineering (Pvt.) Ltd and two and a half years at UBL Fund Managers as an Operations Officer. During his time at UBL Fund Managers, Mr. Hussain was involved in daily NAV calculations, preparation of reconciliation accounts, registrar services and various Unit Holder services.