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Nadeem Naqvi

Nadeem Naqvi

Mr. Nadeem Naqvi is the CEO of Habib University Foundation, Karachi. Mr. Naqvi holds the degrees of MBA. in Finance and B.Sc. with Honours in Banking and International Finance from the City University Business School in London, United Kingdom and has completed his High School (GCE A-Levels) from Dover College, Dover, England. He has passed CFA Level II Exams. He brings with him over 40 years of work experience in global financial services, operating in diverse environments of North America, Europe and the Middle East, besides that of Pakistan.

Mr. Naqvi was Managing Director of Pakistan Stock Exchange (PSX) from 2011 till 2017, when he took early retirement and resettled in Toronto, Canada. During his tenure at PSX, he oversaw and guided massive transformation of the stock exchange and Pakistan’s Capital Market. Some of his key accomplishments included implementation of demutualization of the stock exchange; integration of three stock exchanges of Karachi, Lahore and Islamabad and emergence of the Pakistan Stock Exchange as the single capital market in the country; launch of internet/wireless trading platform; advocacy with MSCI and international portfolio investors for Pakistan’s inclusion into MSCI Emerging Market Index and successfully managing the process; playing a key role in the divestment of 40% equity stake of PSX to institutional foreign investors. Under his tenure, the revenue and profits of the Exchange grew from Rs.692 million and Rs.50 million respectively in 2011 to Rs.1,477 million and Rs.277 million in 2017.

During this period, he was also the Chairman of the National Clearing Company of Pakistan (NCCPL) and guided the transformation of NCCPL into a full Central Counter Party (CCP) with its own risk management capability as well as the introduction of electronic capital gains tax calculation and recovery for the Federal Board of Revenue of the Government.

Prior to joining PSX, Mr. Naqvi was the Chief Executive Officer of an asset management company. Earlier, he served as CEO of AKD Securities Ltd., a leading corporate stock brokerage firm in Pakistan which he helped transform from a proprietary business into a full-scale investment banking and brokerage firm. The Company gained recognition by the CFA Association of Pakistan as the best domestic brokerage firm for two consecutive years in 2006 and 2007 under his tenure. Mr. Naqvi also served as Chairman of the first technology venture capital fund of Pakistan (TMT Ventures) and oversaw the completion of several ventures by successful exits at I.R.R. ranging from 35-40%.

Economic & market analyses and research have been the hallmark of Mr. Naqvi’s career. He led an independent investment research firm in USA/Canada by the name of Investology Inc., which was ranked by ‘Business Week’ in 2004 as the third best out of 300 independent research firms in North America. Before that, he headed the Merrill Lynch Pakistan research team. He was also the Head of Research of the investment advisory company of Morgan Stanley Asset Management’s Pakistan Investment Fund for four years from 1996 – 2000. More recently, from 2017 – 2022, Mr. Naqvi was involved in financial and real estate advisory business in Canada.

Mr. Naqvi has participated in landmark investment banking transactions in Pakistan, including the privatizations of Kot Addu Power Plant, National Refinery and United Bank Limited. He was a member of the Capital Markets Committee and Economic Advisory Council of the President of Pakistan in the late 1990’s and has served as Vice-Chairman South Asian Federation of Exchanges (SAFE); Director Institute of Financial Markets; and Director JCR-VIS Credit Rating Agency, besides NCCPL and CDC.

Other Directorships:

  • Nominee Director of PSX, Central Depository Company of Pakistan Limited
  • Nominee Director of PSX, VIS Credit Rating Company Limited
  • CEO & Director, Capital Markets International Advisors Inc. (Financial Consultancy)
  • CEO & Director, Habib University Foundation
Nadeem Naqvi

Nadeem Naqvi