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Management Team
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Aqeel Karim Dhedhi, Group Chairman
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Muhammad Farid Alam, Chief Executive Officer
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Tariq Adam, Head of Settlement
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Jawad Shaikh, Head of Information Technology
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Umair A. Shaikh, ACCA, Head of Investment Banking
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Aqeel Karim Dhedhi, Group Chairman
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Aqeel Karim Dhedhi is a highly regarded member of the Karachi Stock Exchange KSE (now corporate) with over thirty years of mainstream experience in stock-broking. He became a member of the KSE in 1986. Prior to this, he spent 13 years managing his father’s brokerage business. He is a prominent broker and has been on the board of the KSE in 1996, 1997, 1999 - 2001. Aqeel Karim Dhedhi is also a member of the Lahore Stock Exchange and brings enormous market talent, savvy and insight to AKD Securities. Mr. Dhedhi is also a major force in Paksitan’s real estate market with extensive interests in a variety of residential and commercial real estate projects all across the country. Mr. Dhedhi is a well-known philanthropist and is active in a large number of social projects, including health services, women empowerment, community based assistance and leadership development of deserving younger generation.
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Muhammad Farid Alam, Chief Executive Officer
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Mr. Alam has over 15 years of experience in investment banking. Before joining AKD Securities as Deputy CEO in 2007, he was working first as the Head of Mutual Funds Division and then as the Head of Treasury at Pakistan Industrial Credit and Investment Corporation where he was involved in the buy out of state-owned mutual funds by the Privatisation Commission. He also spearheaded mergers of 13 closed end funds into one fund by identifying and adopting the shortest legal course eliminating court's involvements. Mr. Alam also reorganized ICP SEMF under NBFC Rules 2003 and managed floatation of two new funds.
Mr. Alam acted as the Domestic Consultant for Asian Development Bank on Financial Sector Intermediation Loan (FSIL), during 2004. The assignment included review and reporting on various policies and procedures agreed by the Government of Pakistan with ADB. These related mainly to monetary policy, foreign exchanges, money and capital markets.
Before joining PICIC, he was the Head of Finance and Secretary to the Executive Committee and Board of Directors at CIRC, Government of Pakistan where he was actively involved in remedial banking.
He has extensive investment banking experience which he gained during 10 years of his stay with Crescent Investment Bank Limited-the first investment bank in Pakistan, where he served in various capacities including Equity Strategist, Chief Financial Officer and Manager Corporate Finance. He also managed clients' portfolio of over PKR3,000m.
Mr. Alam is a fellow of Chartered Accountants (FCA).
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Tariq Adam, Head of Settlement
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Tariq Adam is responsible for monitoring and supervising the settlement operations at AKD. He computerized the brokerage house operations based on Oracle with Unix Operating System. He is responsible for order execution at the KSE and reporting of trades to respective clients, settlement of trades reported to foreign and local institutional clients as well as individuals. Until June 30, 1995, he was working at Bear Sterns Jahangir Siddiqui as Manager Customer Services. He also held the posts of Assistant Manager Operations, Computer Officer and Assistant Accountant at BSJS.
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Jawad Shaikh, Head of Information Technology
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MR. Jawad Shaikh has been on the I.T side of Financial Services Industry for the last 7 years, helping clients in establish hardware infrastructure & implementing Management Information Systems, used for strategic decision making as well as operational control. It won't be wrong to say that he was one of the founding members of AKD Trade Online (A Division of AKD Securities) and has played a central role in the launch and establishment of the Pakistan's First Online Stock Trading System as well as setting up of a nationwide state of the art Call Center. The above experience also includes devising its secure operational procedure & strategies. Before joining AKD Securities, Mr. Jawad left his mark at Export Promotion Bureau by designing & setting up their LAN/WAN IT business operations infrastructure. He was last employed by APTECH Worldwide as Centre Technical, one of the leading IT training Institute.
Mr. Jawad has always supported & helped technology divisions of numerous brokers of Karachi Stock Exchange & financial institutions for promoting Online Trading business in Pakistan, which he feels is the only economically viable share-trading business model in the future as increasing number of people embraces the technology revolution.
Mr. Jawad is currently is effectively the Head of I.T for AKD Group which includes AKD Securities (Pvt.) Limited, AKD Investment Management, AKD Capital (Real Estate) and several other AKD Group enterprises.
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Umair A. Shaikh, ACCA, Head of Investment Banking
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Umair is a qualified Chartered Certified Accountant with over 6 years of experience in the financial services sector. He is presently the Head Investment Banking at AKD Investment Banking and with the help of a young dynamic team leads the Financial Advisory Desk of the IBD. He has been involved in extensive valuation and transaction structuring and has a sound understanding of the governing corporate laws. Mr. Shaikh has played a key role in a number of transactions including Private Equity, Issue of Rights Shares, Initial Public Offerings, Structuring & Placement of TFC's.
Prior to joining AKD Securities, Umair worked for A.F.Ferguson & Co, Chartered Accountants - a member firm of PriceWaterHouseCoopers. He was actively involved in providing audit and Financial Advisory services, to various financial institutions, primarily in the banking sector, multinationals and manufacturing concerns. Currently Mr. Shaikh is a candidate for Level 3 in the CFA program.
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