CEO-CDC selected Vice Chairman of ACG
Mr. Aftab Ahmad Diwan, CEO – CDC, was selected Vice Chairman of Executive Committee of Asia Pacific Central Securities Depository Group (ACG).This honor came to Pakistan in the 14th World Forum of CSDs (WFC 2017) Conference recently held in Hong Kong.
Asia Pacific Central Securities Depository Group (ACG) is a representative forum of all the depositories and clearing houses of the Asia-Pacific region. The group consist of 34 CSDs from 23 countries. The Executive Committee of ACG comprises of 8 elite depositories of the region representing countries including China, Japan, South Korea, India and Pakistan.
ACG is also one of the five members of World Forum of Central Securities Depositories (WFC), which is the global body of depositories and clearing houses, representing all the five regions, namely Asia, Europe, Middle East & Africa, Americas and CIS states.
As Vice Chairman of ACG Executive Committee, Mr. Diwan will now also represent the Asian region on WFC Board. It is an honor for Pakistan, as only two depositories from Asian region are present on the World Forum, which are CDC Pakistan and KSD Korea whose CEO, Mr. Lee Byungrhae is the Chairman of ACG Executive Committee.