Aamir Khan appointed SECP chairman after cabinet's approval

Published August 17, 2019
New SECP Chairman Aamir Khan. — Photo courtesy: SECP
New SECP Chairman Aamir Khan. — Photo courtesy: SECP

The federal government on Saturday appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect, a notification issued by the Finance Division said.

Khan replaces Farrukh Sabzwari, who was appointed the corporate sector regulator's chairperson just seven months ago.

The federal cabinet had last week decided to change chairmen of both SECP and its Policy Board, ending a long-standing dispute between the two.

Khan's appointment was approved to replace Sabzwari while Syed Masoud Ali Naqvi was appointed chairman of the SECP Policy Board in place of Khalid Mirza. Sabzwari and Mirza had developed differences over policy issues eventually leading to the dismissal of both, Dawn reported.

However, Sabzwari will continue to serve as a commissioner in the SECP.

The PTI government had appointment Khan as an SECP commissioner in November last year.

Aamir Khan, who took charge of his new office today, has almost 30 years of experience in banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reform.

He has been serving as executive director in various SECP departments since 2012 and has been involved in the launch of Commodity Murabaha at PMEX, agri-related initiatives and bringing microfinance companies into SECP’s regulatory ambit.

Khan has also served on senior positions at Standard Chartered Bank, Royal Bank of Canada, and American Express Bank Ltd.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

PAKISTAN has now registered 50 polio cases this year. We all saw it coming and yet there was nothing we could do to...
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...