The Members of the Mutual Funds Association of Pakistan (MUFAP) have elected new Directors on the Board of Directors against the vacancies arising from the rotational retirement of some of the Directors on the 20th September, 2012. The new Board of Directors of MUFAP at its first meeting held on the 1st October, 2012 has elected the new Chairman and Vice Chairman for the year 2012/ 2013 (1st October, 2012 to 30th September, 2013).
The new Chairman is Rehan N. Shaikh and the Vice Chairman is Rashid Mansur. Chairman 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. Prior to joining HBL Asset Management Limited, Shaikh worked at State Street Corporation in Boston, USA where he managed several operational groups including fund accounting, custody, security pricing and financial reporting for multiple institutional clients.
Vice Chairman Rashid Mansur is the Chief Executive Officer of JS Investments Limited (JSIL). Prior to joining JSIL he was the President and CEO of Escorts Investment Bank Limited and has also served as the Chairman of the Investment Banks Association of Pakistan. He is a Fellow of the Institute of Bankers in Pakistan and Associate of the Chartered Institute of Bankers London with over 26 years of domestic and international banking experience.
The Directors of MUFAP for the year 2012/ 2013 consist of: Rehan N. Shaikh Chairman, Rashid Mansur Vice Chairman, Adnan Siddiqui, Amer Maqbool, Dr Amjad Waheed, Imran Azim, Imran Motiwala, Ms Hina Ghazanfar, Ms Maheen Rahman, Mir Adil Rashid, Mir Mohammad Ali, Nihal Cassim, Ms Tara Uzra Dawood and Ms Mashmooma Majeed. The Board of Directors of MUFAP at the first meeting of the new Board paid rich tribute for the outstanding services rendered to MUFAP by its outgoing Chairman, Imran Azim and Vice Chairman Mohammad Shoaib, CFA through the very generous allocation of their time made to MUFAP and the sound leadership they provided to the industry.-PR