Govt appoints two commissioners at SECP

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ISLAMABAD: Among the 260 candidates who applied for the slot of commissioners at Securities and Exchange Commission of Pakistan (SECP), the federal cabinet on Thursday has approved the appointment of two short-listed candidates.

The short-listed candidates include BMA Capital chief operating officer Farrukh H Sabzwari and SECP executive director Amir A. Khan.

Presently, there are three commissioners in the corporate sector regulator, including two outsiders and one insider. Among the two commissioners finalised by the federal cabinet, Khan is an internal candidate while Sabzwari is from the private sector.

Out of around 260 persons who had applied for the single slot, two applicants were shortlisted, including Usman Hayat and Farrukh Sabzwari. Similarly, among the three internal candidates, the final two candidates shortlisted by the committee were Amir A. Khan and Syed Javed Hassan.

Information Minister Fawad Chaudhry confirmed that the federal cabinet has decided to finalise the names of Farrukh Sabzwari and Amir Ali Khan for the two slots of commissioners at the SECP.

Sabzwari holds a Master’s degree in Business Administration from Institute of Business Administration and is a licensed securities broker of USA, Singapore and Indonesia. On the other hand, Amir A. Khan has extensive experience of over 30 years in banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reforms. He has been serving in the SECP since 2012 and was an executive director of the commission for more than six years.

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