Commission

The Commission is a collegiate body with collective responsibility. Operational and executive authority of the Commission is vested in the Chairman who is the Commission’s CEO. He is assisted by the Commissioners, especially for overseeing the working of various operational units as may be assigned by him.

Currently the Commission consists of following Commissioners:

Mr. Akif Saeed

Chairman

Chairman Secretariat, Commission Secretariat, Licensing & Registration Division, Prosecution & Legal Affairs Division, Internal Audit & Compliance Department, Media & Translation Department, Appellate Bench Registry, Anti-Money Laundering Department, Support Services Division

Akif Saeed joined SECP in 2004 and has served as head of various divisions later he was appointed as Commissioner from December 2014 to December 2017. He has extensive regulatory, operational and business knowledge of various infrastructure entities in the capital markets. During his tenure at SECP, he has contributed significantly towards instituting various legal and regulatory reforms for enhanced corporate governance, transparency, investor education, investor protection and risk management. He was instrumental in introducing legal framework for REITS and private equity, in addition to introducing private pension through implementation of voluntary pension rules and issuance of license to 4 pension fund managers in 2007.

He played a significant role in merger of three exchanges and divestment of PSX strategic shareholding to consortium led by three Chinese exchanges. He played a vital role in achieving compliance with the IOSCO benchmarks principles of the securities market. Akif led the team that led a major overhauling of Securities law in Pakistan and drafted the new Securities Act 2015 and Futures Act 2016. He has also worked in various private sector entities including the American Express Bank and as consultant for Asian Development Bank. He is a Chevening alumnus and completed his Master’s in Business Administration from the University of Edinburgh and also holds master’s degree in economics from Government College Lahore.

Mr. Aamir Khan

Commissioner

Insurance Division, Information Systems & Technology Department

Aamir Khan has over 30 years of experience in financial and capital markets. He is well versed in institutional banking, corporate lending, treasury, and credit risk management and has extensively worked on structured financial products, international trade, and cross-border transactions. During his career in Pakistan as well as abroad, Khan has served at Standard Chartered Bank, Royal Bank of Canada, and American Express Bank Ltd.

Before his appointment, as Commissioner, Khan served as Executive Director at the Securities and Exchange Commission of Pakistan. His tenure is punctuated by major reforms that led to new regulatory frameworks for the equity market, commodity market, EWHRF, digital lending, and REITs.

Khan led initiatives that fuelled the growth of entrepreneurship and innovative business concepts. Several new ideas were incubated through the regulatory sandbox, i.e., asset fractionalization, crowd funding, B2B lending, digital AMCs, and digital-only insurers. He also played an instrumental role to operationalize a fully automated 24/7 ‘Secured Transactions Registry (STR) for registration of security interests/charges, and launched the already underway project for a new company registry.

Aimed at ensuring consistent, more transparent, and focused regulatory oversight across sectors, Khan championed a paradigm shift in SECP’s regulatory framework by moving from a sector-based to a functional-based regulatory body by establishing centralized supervision, licencing, and adjudication divisions.He was also the architect of SECP’s “Leading Efficiency through Automation Prowess”  (LEAP) program aimed at overhauling the entire IT and IS domain of SECP and digitalize its entire operations.

Aamir Khan is a staunch advocate of diversity and inclusion, women’s and youth’s empowerment, and strongly supports a culture of substantive and material dialogue with regulated sectors.

Mr. Abdul Rehman Warraich

Commissioner

Securities Market Division, Supervision Division

Mr. Abdul Rehman Warraich is a financial services professional with more than 27 years of experience including 10 years in civil service; 9 years in asset management; 5 years in public debt management; and 3 years in financial consulting & advisory services.

He has a diverse work experience in both public and private sectors.

In civil service, he served the Federal Board of Revenue as Assistant Commissioner and Deputy Commissioner of Income Tax.

In asset management, he worked for NBP Fund Management Limited, Punjab Pension Fund and UBL Fund Managers Limited in various roles including Financial Analyst, Fund Manager, Head of Research, Head of Investment and Chief Investment Officer.

In public debt management, he served Government of Punjab as Debt Management Specialist and Government of Pakistan as Director General (Debt).

In consulting and advisory, he worked for Oxford Policy Management, Adam Smith International, International Finance Corporation, World Bank and Asian Development Bank.

His academic and professional credentials include BA, LLB, CFA Charter, FRM certificate and various certificates from IMF Institute in the area of public finance and governance.

Mr. Mujtaba Ahmad Lodhi

Commissioner

Adjudication Division, Information Security Department, Specialized Companies Division, Islamic Finance Department

Mujtaba Lodhi has extensive experience in Global Financial Capital Markets, Risk Management, Regulatory Frameworks, Competition Law, Enforcement and Compliance and Organizational Digital Transformation.

Before his appointment as Commissioner in SECP, he was a Member of Competition Commission of Pakistan (CCP), where he supervised several core departments, including Mergers and Acquisitions, Exemptions, Office of International Affairs, Information System and Technology and Office of Fair Trade.

At CCP, he led the automation exercise of entire business processing, which resulted in time-efficient disposal of cases and issuance of an unprecedented number of orders and certificates. As a Member, he played an active role in CCP’s enforcement actions.

In collaboration with top global competition agencies, including Capital Market Authority UK, Federal Trade Commission USA and Turkish Competition Authority, he successfully implemented capacity building programs at the CCP. Mujtaba was also instrumental in signing MOUs for bilateral cooperation with various competition agencies globally.

Mr. Lodhi developed extensive professional association with the financial services & corporate industry in the United Kingdom, while working with top global banks, including Barclays, HSBC, Citigroup and JP Morgan. He holds a Master of Science degree in Investment and Finance from Queen Mary University of London, and a Bachelor of Science (Honours) degree in Software Engineering from University of East London, UK.