Board of Directors

Central Depository Company of Pakistan Limited (CDC) is the only depository in Pakistan

Shahnawaz Mahmood


Shahnawaz Mahmood

Mr. Shahnawaz Mahmood is currently the Deputy Managing Director of the Pak China Investment Company Limited. As an executive director, he is involved in devising the strategic direction for company’s business objectives as well as organizational management. He has been instrumental in developing new initiatives such as advisory, private equity and infrastructure financing. He has also played a vital role in attracting Chinese investments in initiatives such as acquisition of Pakistan Stock Exchange Limited (PSX).

Mr. Mahmood has previously been a part of the Public Private Partnership (PPP) initiative for infrastructure development by the Government of Pakistan. In his role as the Head of Projects at the Infrastructure Project Development Facility (IPDF), Ministry of Finance, he had been responsible for developing and facilitating national PPP policy, sector initiatives and transactions portfolio for private sector investment. He has done extensive groundwork on corporate governance in Pakistan and has played an important role in implementing United Nations Development Program (UNDP) project on corporate governance with the Securities and Exchange Commission of Pakistan (SECP). He is also the recipient of Canadian International Development Agency (CIDA)’s President Award of Excellence awarded by the Canadian government in recognition of his work as Development Economist on Debt Swap. He started his career with PTCL working as Financial Analyst in the Project Finance department.

Besides being a director on CDC board, Mr. Mahmood is also serving as Deputy President of the Disciplinary Panel and member of Risk and Regulatory Affairs Committee and IT Steering Committee. In addition, he is serving as a Director on the Board of PSX and has also been nominated by PSX as Director on the Boards of National Clearing Company of Pakistan Limited (NCCPL) and Pakistan Mercantile Exchange Limited (PMEX).

Mr. Mahmood is a Chartered Banker from Chartered Banker Institute, UK and holds MBA, MSc Finance and Economics degrees from UK. He has also attended investment and risk management training courses at Harvard Business School and INSEAD. He has also attended Financial Derivatives course by Chartered Institute of Securities and Investment (CISI) UK.