The incumbent MD of Lahore Stock Exchange, Aftab Ahmad Chaudhry, has been reappointed as the CEO of the exchange for another three-year term. According to LSE spokesman, with this reappointment, MD LSE becomes the first ever professional to get the record 5th term as the Chief Executive of a stock exchange in the country.
It may be mentioned that since after the creation of the office of the MDs as the business and the regulatory heads of the exchanges under the ADB's mandated Capital Market Development Programme of 1998-2000, Aftab is already the first person to be re-appointed for the second term as the MD of two separate stock exchanges of the country. Earlier, Aftab served as MD of Islamabad Stock Exchange for three terms and now he becomes the first MD of LSE also to be reappointed for the next term.
As an industry leader, Aftab is known both as a turnaround specialist and an effective frontline regulator. He has been instrumental in optimising the balance sheet of ISE due to which the Exchange emerged as the second most valuable exchange upon demutualization. At LSE also, he is actively pursuing the financial and business re-orientation of the Exchange with many new initiatives such as the IPO business development and the expected establishment of a spot commodity exchange and collateral management company etc.-PR
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