ISLAMABAD: The government has appointed two commissions to the Securities and Exchange Commission of Pakistan (SECP).

BMA Capital CEO Farrukh H Sabzwari and SECP Executive Director Amir A Khan are the new appointees to the corporate sector regulator, which currently has three commissioners, including two outsiders and one internal member.

Sabzwari has over 25 years of brokerage experience in Karachi, Singapore and New York while Khan has worked for over 30 years in banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reform.

He has been serving in the SECP since 2012, holding the post of executive director for more than six years, heading key operational departments including Specialised Comp­anies Department, Securities Market Surveillance Depart­ment among others.

After the new commissioners are notified, prime minister will nominate any one of the five commissioners as the SECP chairman.

Published in Dawn, November 16th, 2018