ISLAMABAD: The federal cabinet on Friday issued notification for the appointment of two new commissioners at the Securities and Exchange Commission of Pakistan (SECP).

According to the Finance Division notification, the federal government has appointed Executive Director/ Spokesperson SECP Aamir Khan and Farrukh H Sabzwari as commissioners in SECP for a period of three years with immediate effect.

Following the new appointments, the number of commissioners now stands at five, completing the commission.

Mr Khan has extensive experience spanning almost 30 years covering banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reform. Since 2012, he has been serving as an executive director at the SECP.

During his tenure of over 6 years with SECP, he has led key operational departments including Specialised Companies Department, Securities Market Surveillance Department, Commodities Market Department and International Relations, in addition to Chairman’s Secretariat and Media Department.

He has led key initiatives at the SECP such as launching of Commodity Murabaha at PMEX, agri-related initiatives, bringing microfinance companies into SECP’s regulatory ambit, finalising of numerous laws and improving EoDB.

With over 25 years of experience, Mr Sabzwari brings with him a wealth of experience accumulated through his previous roles.

Having spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi, Mr Sabzwari is well entrenched in Asian equities and more specifically Frontier Markets.

Published in Dawn, December 8th, 2018