Alam has over 20 years of experience in the financial sector. His current assignment as CEO AKD Securities is to head a talented young team of professionals to rise to the occasion in prevailing tough conditions. The company has the honour of winning the prestigious CFA Association of Pakistan award for Best Brokerage House for two consecutive years 2005-06 and 2006-2007.
The Investment Banking Division of AKD Securities is considered to be one of the most active and innovative in the financial sector. Mr Alam also oversees AKD Group financials in consort with CEOs of the respective group companies.
Before joining AKD Securities in 2007, Mr Alam was working first as the Head of Mutual Funds Division and then as the Head of Treasury at Pakistan Industrial Credit and Investment Corporation (PICIC). Under his dynamic leadership, the Net Asset Value (NAV) of the funds grew at a very healthy pace, beating the KSE- 100 Index and other parameters set by the management.
Mr Alam gauged the appetite of the market and raised over Rs 3.4 billion during 2003-04 through right issues by first convincing the board of directors and then the investors; the successful mobilisation of resources set a new trend in closed end funds.
Mr Alam also reorganised ICP SEMF under NBFC Rules 2003 and managed floatation of two new funds. Mr Alam acted as the Domestic Consultant for Asian Development Bank on Financial Sector Intermediation Loan (FSIL), during 2004. The assignment included review and reporting on various policies and procedures agreed by the Government of Pakistan with ADB. These related mainly to monetary policy, foreign exchanges, money and capital markets.
Before joining PICIC, he was the Head of Finance and Secretary to the Executive Committee and Board of Directors at Corporate & Industrial Restructuring Corporation (CIRC), Government of Pakistan where he was actively involved in remedial banking. He was responsible for managing billions of Pak rupee funds of the organisation, which could not be placed with private sector banks under the law.
He paved the way for Government institutions to place their funds with private sector banks meeting certain criteria which not only enhanced the income of the Corporation but also cleared the hurdle for other organisations once and for all. He also invested in Government securities which yielded handsomely.
Mr Alam has extensive investment banking experience which he started gaining during his stay at Crescent Investment Bank Limited-the first investment bank in Pakistan, where he served in various capacities including Treasurer, Equity Strategist, Chief Financial Officer, Chief Internal Auditor and Manager Corporate Finance. He also managed discretionary clients' portfolio of over PKR 3 billion.
Mr Alam is a fellow of Chartered Accountants (FCA) and serves on various Committees of the Institute of Chartered Accountants including a high powered Economic Advisory Committee. He has the honour of representing Pakistan at various international forums in London, Frankfurt, Malaysia, India, Singapore and Hong Kong.
Mr Alam also frequently contributes to various news paper articles on Capital markets & Economy which have been published in Khaleej Times, Business Recorder, Financial Daily etc & professional bodies' journals. He is also often invited as an expert and appears on various channels to speak on topics like Money Markets, Capital Markets & Economy. To find out more about Mr Alam, his articles etc you can visit his website www.mfaridalam.com