Muhammad Hanif Jakhura, CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for a three year term during the proceedings of the ACG 17 Annual General Meeting held in Dhaka from October 20-21, 2013. Consequently, Central Depository Company of Pakistan Limited has also become the ACG Secretariat for the next 3 year term. These two announcements came as a high-point of the event since the other members of the EC included China, Japan, India, Singapore and Korea.
The Asia-Pacific Central Securities Depository Group (ACG) is a representative organization of Securities Depositories and Clearing Companies of the region and is working to facilitate the exchange of information and promote mutual assistance among members. CDC is amongst ACG’s 32 member institutions that represent 23 countries.
With this appointment, Muhammad Hanif Jakhura will also be representing the Asia-Pacific Region on the Executive Board of World Forum of CSDs (WFC), the global body of five regional CSD associations including Americas’ Central Securities Depositories Association (ACSDA), Association of Eurasian Central Securities Depositories (AECSD), European Central Securities Depositories Association (ECSDA), Africa and Middle East Depositories Association (AMEDA) and ACG.
He will serve on the Steering Committee of WFC 2015, a bi-annual global event of CSDs around the world. He will also be representing ACG on other platforms like International Securities Services Association (ISSA), Association of Global Custodians (AGC) and the Committee on Payment and Settlement Systems of the International Organization of Securities Commissions (CPSS-IOSCO).