The federal cabinet Friday approved appointment of eminent financial sector professional Aamir Khan as chairman of the Securities and Exchange Commission of Pakistan (SECP). Aamir has been working as Commissioner Specialized Companies Division at SECP. It is learnt that the federal government has appointed Aamir Khan as chairman SECP for a period of three years with immediate effect. The federal cabinet also approved removal of the Chairman SECP Farrukh Sabazwari from his post. However, Sabzwari would remain commissioner in the SECP and he was appointed chairman SECP in December 2018. The other three Commissioners in the SECP are Tahir Mahmood, Shaukat Hussain and Shauzab Ali.
The government has also appointed Syed Masoud Ali Naqvi as new Chairman SECP Policy Board. He is working as Chairman Tax Reform Commission (TRC) and currently at the board of Central Depository Company (CDC). The government has also removed Khalid Mirza from the position of the Chairman SECP Policy Board. When contacted, Masoud Naqvi confirmed his appointment as new Chairman SECP Policy Board.
Aamir Khan has extensive experience spanning over almost 30 years covering banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reform. Since 2012, he has been serving as an executive director at the SECP. During his tenure of over 6 years with SECP, he has headed key operational departments i.e. Specialized Companies Department, Securities Market Surveillance Department, Commodities Market Department and International Relations, in addition to Chairman's secretariat and media department. He has led key initiatives at SECP such as launching of Commodity Murabaha at PMEX, agri related initiatives, bringing microfinance companies into SECP'a regulatory ambit, finalising of numerous laws and improving ease of doing business.
Aamir Khan has extensive experience in corporate, investment and institutional banking, spanning over 20 years in Islamabad, Lahore and Karachi. He has also served on senior positions at Standard Chartered Bank, Royal Bank of Canada, and American Express Bank Ltd. He is very knowledgeable about the entire spectrum of banking industry, including treasury, operations and credit risk management.
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