Board of Directors:

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Lt Gen Muhammad Mustafa Khan, HI(M)(Retd)

Lieutenant General Muhammad Mustafa Khan, HI (M) (Retired) joined the Board of Directors on June 20, 2013.

Lieutenant General Muhammad Mustafa Khan, HI (M) (Retired), was commissioned in Pakistan Army in April, 1974. During his long meritorious service in the Army, the General Officer had been employed on various command, staff and instructional assignments including the prestigious appointment as Chief of General Staff and Corps Commander of a Strike Corps/Commander Central Command.

The General is a Graduate of Command and Staff College Quetta and Command & Staff College Fort Leavenworth USA. He is also a graduate of Armed Forces War College Islamabad (National Defence University) and completed Senior Executive Course from USA and holds Master Degrees in War Studies and International Relations. He has attended Finance for Executives Course at INSEAD France.

In recognition of his meritorious services, he has been conferred the award of Hilal-e-Imtiaz (Military). The General brings along a vast and diversified experience in operational, administration, management and evaluation systems up to various level of Command.

Presently the General holds the offices of Managing Director of Fauji Foundation and is Chairman on the Board of various Fauji Group of Companies including Fauji Cement Company Limited, Fauji Fertilizer Bin Qasim Limited, Fauji Cement Company Limited, Mari Petroleum Company Limited (Formerly Mari Gas Company Limited), Fauji Kabirwala Power Company Limited, Foundation Power Company (Daharki) Limited, Daharki Power Holdings Limited, Fauji Akbar Portia Marine Terminal Limited, FFC Energy Limited, Foundation Wind Energy-I Limited, Foundation Wind Energy-II (Pvt) Limited and Managing Director of Fauji Oil Terminal & Distribution Company Limited. After the recent acquisition of Askari Bank Limited by Fauji Foundation Consortium, Managing Director Fauji Foundation is also Chairman of the Bank.


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Syed Majeedullah Husaini

Syed M. Husaini joined the Board as director of Askari Bank Limited on July 05, 2013. Currently, he is serving as President & Chief Executive of Askari Bank Limited.

Mr. Husaini is Masters in Economics from Karachi University and has obtained professional certifications by the National Association of Securities Dealers, USA and North American Securities Administrators Association.

He brings experience of over 30 years in Banking, of which the first ten years were spent overseas with a number of International Banks in Kenya, Sierra Leone, South Africa and the Middle East. His assignments led him to successfully manage diversified areas of banking business including foreign trade finance, Commercial and Corporate finance and Liability management. He played a significant role in developing training programs and has remained faculty member with a number of Financial Institutions.

Through a major part of his career, Mr. Husaini has held key positions which required expertise in startups of Financial Institutions, infrastructural and business development for Commercial Banks in developing countries. He helped in establishing the Rozgar Micro Finance Bank at Karachi and became the first CEO of that Bank. This provided him with a perspective on issues of poverty alleviation through a program of small business loans.

His other major assignments in Pakistan include President KASB Bank, CEO of a Modaraba, Head of Corporate Banking Group, MCB and at National Bank of Pakistan.

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Mr. Farrukh Iqbal Khan

Mr. Farrukh Iqbal Khan is a seasoned banker having diversified experience over 20 years in banking sector. He joined Askari Bank in February 2010 as EVP / Country Head -Audit & Inspection Division, However, later on, designated as ‘Chief Credit Officer’ where he served for more than 2 years. Currently, he holds the position of Group Head – Operations.

The executive started his professional career with State Bank of Pakistan, where he served for 10 years in the field of Off-site and On-site supervision and regulation of Banks / NBFI. Later on he joined KASB as Head of Audit (2004 to 2010). During his career, he got exposure in the area of Corporate Governance, Internal Audit, Risk Management, Credit, Compliance and Operations.

He is serving as director on BOD of Askari General Insurance Company Ltd. (AGICO), Askari Investment Management (AIM) and 1Link (Guarantee) Limited.

Academically, Mr. Farrukh Iqbal Khan is Master in Business Administration (MBA) and professionally he holds Banking Diploma from IBP, CISA and CICA. He has also got the certificate of Directors Education from Pakistan Institute of Corporate Governance.

Mr. Khurshid Zafar

Mr. Khurshid joined the Board as a nominee director of Askari Bank Limited (AKBL) on July 05, 2013.He is currently working as Group Head Corporate and Investment Banking at Askari Bank Limited. He joined Askari Bank Limited in July 2010 as Executive Vice President and Regional General Manager – South and was elevated as Group Head Commercial Banking in 2011. Mr. Khurshid possesses a vast experience of over 23 years in the field of Corporate Banking, Investment Banking, Retail and Commercial Banking.

He has served in various Investment and Commercial Banks at senior positions and has attended number of local and foriegn training courses. He holds an MBA Degree from Quaid-e-Azam University, Islamabad.

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Amer Maqbool
Director / CEO

Mr. Maqbool has an overall experience of approximately 20 years and has worked over 15 years in the asset management industry, in the USA and Pakistan. In the USA, he was associated with MassMutual, Cadaret Grant in New York and Fidelity Investments in Boston. In Pakistan, he has been associated with ABAMCO Ltd (now JS Investments), BMA Asset Management Ltd and Crosby Asset Management. Prior to joining Askari Investments, Mr. Maqbool was working as a Chief Executive Officer at KASB Funds Limited.

Mr. Maqbool has worked on the first ever open-end fund takeover in Pakistan, overseeing the takeover of management rights of AMZ Plus Income Fund (APIF) by Crosby Asset Management. He has also been a member of the Board of Trustees of Karachi Port Trust. Mr. Maqbool holds an MBA (Finance) and a B.S. (Marketing) from Southeastern University, Greenwich Institute, Karachi.

Mr. Shahid Azmi
Independent Director

Mr. Azmi is a seasoned investment banker. He has been associated with Merrill Lynch, Dubai, E.F. Hutton & Co., London and Lehman Brothers Inc. London, looking after various functions like asset management, mutual funds, interest rate swaps and dealing in futures and options. Mr. Azmi did his MBA from Institute of Business Administration (IBA), Karachi in 1975. He was also one of the sponsor directors of Askari Bank and served at the same position till Early 2005 for the Bank.