BMA Capital, Pakistan’s premier financial services’ firm, announced that after completing his three-year term as CEO, Nadir Rahman will be handing over to Farrukh H. Sabzwari as Chief Executive Officer, BMA Capital effective November 7th, 2018. This announces the successful transition of management handover from one professional CEO to another professional at BMA Capital.
Moazzam M. Malik, Chairman, BMA Capital, said: “Under Nadir’s leadership, BMA Capital strengthened its management team, which delivered BMA Capital’s first IPO, issued a US$ 75 mn (PKR 10bn) additional Tier 1 TFC of UBL, won the Best Brokerage House award 2017 from CFA and the best Money Markets Award 2017 from FMA. He was also instrumental in expanding the branch network of BMA Trade and modernizing the back office.”
Farrukh’s appointment is part of BMA Capital’s continuing effort to deliver world class financial services to our extensive domestic & international clients. Farrukh joined BMA Capital as MD, Equities in February 2018. In his previous roles he has served as Director Asian Equities Sales at Credit Suisse in Singapore, CEO, KASB Securities and VP Subcontinent sales with CLSA in NY. Having spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi, Farrukh is well entrenched in Asian equities and more specifically Frontier and Emerging Markets.
“We strongly believe in the robust economic fundamentals of emerging markets, more specifically, Pakistan. Being well versed with the underlying growth drivers, we are well positioned to enforce investor confidence into our economy and service them through our 360-degree product offering. Moreover, as we plan for the next decade, we look towards technology to extend our customer outreach and transform BMA Capital into a first of its kind holistic financial services provider. As we move forward, I would also like to thank our customers and let them know that we are humbled by the confidence reposed in us by them and that we will ensure our team works round the clock to achieve perfection in our service quality”, commented Farrukh.
“We are very excited to welcome Farrukh as CEO. His integrity, leadership skills and respect in the industry are qualities we wish to promote in BMA Capital. Given where the industry is today, Farrukh’s aggression and customer focus will help spearhead the professional growth of the firm”, said Moazzam, Chairman, BMA Capital.