Board of Directors

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

Syed Ali Sultan

Independent Director

Syed Ali Sultan

Mr. Ali Sultan is a seasoned banker with over 25 years of multi-functional experience in the financial and banking sectors with renowned financial institutions in the Middle-East and Pakistan, offering knowledge across global markets, financial institutions and cross-border risk.

At present, Ali is working with Habib Bank AG Zurich as CEO for Group Financial Institutions and Treasury. He is currently managing the Group Treasury and looking after the cross border Trade and Treasury business for the Group. In addition to the above, he is also a member of the Group Credit Management Committee and the Group Asset & Liability Committee.

Previously, he worked with Bank Alfalah Limited as Group Head of Global Treasury and Capital Markets, where he managed both the local and international markets. He has also been a member of the Management Committees including MANCOM, Credit Risk Committee, Investment Committee, and Asset & Liability Committee of Bank Alfalah Limited.

Ali Sultan has also served as Chairman of the Board of Directors for Alfalah GHP Investments for 5 years and on the board of Pakistan Mercantile Exchange (PMEX) as a nominee director on behalf of SECP.

Prior to joining Bank Alfalah, he served at the State Bank of Pakistan (SBP) as a Director of Financial Markets & Foreign Exchange Policy Department and was responsible for implementing the Central Bank’s strategic goal of policy formulation and development of vibrant financial markets.

Prior to SBP, he was MD/Regional Head of Financial Institutions at BNP Paribas, where he was responsible for managing senior level relationships and offering global markets and trade & FI products to central banks, banks and NBFIs across the MENA region. He was also responsible for managing a sizable lending book under different cross border risks.

He has also worked with Standard Chartered Bank for over 10 years in various senior roles where he developed and managed the global investor sales business for financial institutions across the Middle East and Pakistan.

Ali Sultan holds a Master’s Degree in Applied Mathematics from University of Karachi and has attended management and leadership courses from INSEAD and he is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG).

He has been actively involved in the economic reform process and development of financial markets in Pakistan, led by Economic Advisory Boards (EAB) and Economic Advisory Councils (EAC) formed by Finance Ministers in different regimes.

He also actively participates in international professional forums such as IMF/WB annual meetings, SIBOS, IFC and ADB. He also represented the Government of Pakistan by leading the Central Bank’s delegation at the APG-FATF forum in 2011.