Governance

Profile of Directors


Mr. Munawar Alam Siddiqui - Chairman

Mr. Munawar Alam Siddiqui retired, as an Air Commodore, from the Pakistan Air Force in 2003. His last post was as the Assistant Chief of Air Staff (Administration) at Pakistan Air Force Headquarters. For his meritorious services to the PAF, he was awarded Tamgha-e-Imtiaz (Military) and Sitara-e-Imtiaz (Military).  He was commissioned in the GD(P) Branch of the Pakistan Air Force in 1974.He has served as a VVIP and Presidential pilot during his tenure of service and has held various key Command and Staff appointments in the PAF.  He also served as Director of Air Transport at Air Headquarters from 1996 to 1998 and commanded an operational air force base with over 8,500 personnel from 2000 to 2002. Mr.Siddiqui holds an M. Sc. in Defence and Strategic Studies from Quaid-e-Azam University, an M.Sc. in Strategic Studies from Karachi University, a B. Sc. (Honours) in War Studies from Karachi University and B. Sc. Avionics from Peshawar University. He is also an alumna of the National Defence College.Presently, Mr. Siddiqui is Advisor to JS Investments Limited and previously he was Chairman of JS Investments Limited from 2004 to 2013. Further, as part of the CSR initiative he works as a director on the boards of Fakhr-e- Imdad Foundation, Karachi Education Initiative, Karachi School for Business & Leadership and Karigar Training Institute. Previously he was also Chairman/Director of Mahvash & Jahangir Siddiqui Foundation.

Other Directorships

1. JS Bank Limited
2. Jahangir Siddiqui & Co. Limited
3. Jahangir Siddiqui & Sons Limited
4. Peregrine Aviation (Pvt) Limited

Mr. Hasnain Raza Nensey -Director

Mr. Hasnain Raza Nensey is the Chief Executive Officer of JS Investments Ltd since March 2017. He has an aggregate work experience of 23 years of which around 15 years has been in the Financial Industry in Pakistan. Prior to joining JSIL, he spent 11 years at UBL Fund Managers Ltd in multiple capacities namely Chief Operating Officer, Chief Financial Officer & Chief Investment Officer. Prior to 2005, Mr. Nensey was associated with the JS Group in various roles including Chief Investment Officer at JS Abamco Limited. Mr. Nensey has a BSBA Degree with a concentration in Finance and Marketing from Boston University in Massachusetts, USA. He is also an MBA from Babson College in Massachusetts, USA which is very well known for its specialization in entrepreneurial studies.

Other Directorships

1. JS Investments Limited
2. Mutual Funds Association of Pakistan

Mr. Malik Zafar javaid - Director

Mr. Malik Zafar Javaid is Head of Operations at JS Investments Limited (“JSIL”). Mr. Zafar carries an aggregate experience of over 26 years. His expertise includes managing capital market operations, business operations of Financial Services, Corporate Affairs and automation of back office systems by defining business processes leading towards efficient control and management. He has been part of JSIL's team since 2006.  Prior to joining JSIL, Mr. Zafar was associated with Lahore Stock Exchange (“LSE”) where he was managing Company Affairs Department of the Exchange. As a front end regulator, he was involved in listings of the securities, monitoring compliance and enforcement of Corporate Laws on the listed companies. He was also core member of the team which was responsible for designing the framework of Trading Rules leading the development of the first ever automated trading system of LSE in Pakistan. Mr. Zafar holds masters degree in Public Administration with major in Finance from University of the Punjab.

Mr. Muhammad Khawar Iqbal - Chief Executive Officer

Mr. Muhammad Khawar Iqbal joined JS ABAMCO Commodities ("JSACL") on March 1, 2012 as Chief Executive Officer. Mr. Khawar Iqbal has also been serving as Company Secretary and Chief Financial Officer of JS Investments Limited. Previously he was managing financial reporting and fund accounting matters of various funds under management. He has contributed a lot towards automation of Fund Accounting Management and has been key resource in designing and implementing Fund Accounting Management module in ERP system. Prior to joining JSIL, he was managing financial accounting of twenty six closed end funds under management of Investment Corporation of Pakistan. ICP was established by the Government of Pakistan with objectives to encourage and broaden the base of investments, development of capital market and to promote industrial development in the country. Where, Mr. Khawar had also contributed significantly in the development and implementation of an investment scheme. Mr. Khawar holds masters degrees in Business Administration and Economics.

Name of Auditors

EY Ford Rhodes

Name of Legal Advisers

Mr. Muhamamd Siddiq Shujaat Advocate

Karachi,Pakistan

The Centre, 19th Floor Plot No. 28, SB-5 Abdullah Haroon Road, Saddar Karachi- 74400, Pakistan

Contact here

Phone : +92 21 38 402 096
Fax : +92 21 35165540

ceo@jsacl.com.pk

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