Karachi January 11, 2021: TRG Board just announced wining candidates of board of directors election results and named that Mr Khaldoon Bin Latif, Mr Farrukh Imdad, Mr Hasnain Aslam, Mr Waleed Tariq Saigol, Mr John Leone, Mr Patrick McGinnis, Mr Zafar Iqbal Sobani, Mr Abid Hussain, Mr Asad Nasir and Mr Suleman Lalani are appointed as directors for new term.
Detailed Profiles of wining candidates
Mr. Hasnain Aslam: Hasnain Aslam is a Director as well as the Chief Executive Officer of TRG Pakistan Limited. He is also a Founding Partner and the Chief Investment Officer at The Resource Group (TRG). He has spearheaded TRG’s growth through over 25 acquisitions and divestitures since its inception in 2002. He serves on the boards of several TRG companies, including Afiniti, where has been a Board member since inception. Prior to TRG, Hasnain managed Corporate Development at Align Technology and was an investment banker at JP Morgan in New York and San Francisco, where he managed over $100 billion in transactions in mergers & acquisitions as well as Corporate Finance. Hasnain also served as Chairman of the Board of OPEN, Washington D.C. from 2015 through 2020, and is a board member of the D.C. Chapter of The Citizens Foundation USA (TCF), where he has helped raise over $20 million for TCF. Hasnain has an A.B. with Honors from Harvard University, and his diverse interests include automobile racing, sports, travel, and Urdu poetry.
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Mr. John Leone: John is the Managing Director of ForeVest Capital Partners, LLC, an advisor to an investor in TRGI. John works on sourcing, negotiating and executing private equity transactions in Europe, Latin America, the Middle East and Africa. Prior to this role, John was General Counsel of PineBridge Investments’ Emerging Markets Private Equity operations. Earlier in his career, John was an attorney at Kirkland & Ellis LLP where he focused on advising private equity clients. John earned a Juris Doctor, with High Honors, from The George Washington University Law School where he was a member of the Law Review, and a Bachelor of Arts, Magna Cum Laude, from the State University of New York at Binghamton.
Mr. Patrick McGinnis: Patrick is the Managing Partner at Dirigo Advisors, a private equity advisory business focused on emerging markets. Earlier, Patrick was a Vice President at Pinebridge Capital (formerly AIG Capital Partners) where he led his firm’s investment in TRG. Patrick started his career in investment banking at JP Morgan where he was an Associate. Patrick received his MBA from Harvard Business School and his BA from Georgetown University.
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Mr. Asad Nasir: Asad Nasir is currently serving as Group Head, Ecosystem Development and Sustainable Finance at JS Bank. He has over 20 years of diversified financial services experience including Private Equity, Corporate Finance Advisory, Capital Market Advisory, Transaction Services and Audit. Prior to his current role, Asad has served as the Chief Investment Officer for JS Private Equity and the Pakistan Catalyst fund, a USD 50 million private equity fund which included USAID in its investors. Before that Asad was Head, Corporate Finance at JS Global Capital, a leading Pakistani securities brokerage and investment banking firm. At JS Global, Asad advised some of Pakistan’s leading companies on fundraising, mergers and acquisitions and corporate restructurings. Asad commenced his professional career with Deloitte UK, working as part of the audit & assurance and corporate finance teams. He is an FCA with the Institute of Chartered Accountant in England and Wales and holds a BSc (Hons) in Accounting from the University of Hull.
Other Directorship:
- Mahvash & Jahangir Siddiqui Foundation
- Omar Jibran Engineering Industries Ltd.
- Augmentcare Technologies (Private) Limited
- Knowledge Platform (Private) Limited
- Innovarge Technologies (Private) Limited
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Mr. Zafar Iqbal Sobani: Zafar Iqbal Sobani brings with him over forty years of experience of the audit profession and manufacturing & power sectors of Pakistan and the Middle East. Currently he is engaged in finance, business and power sector consultancy in addition to be an entrepreneur. He is serving as a Board Member of Privatization Commission of Pakistan since January 2014 and has actively contributed in the Privatization transactions carried out during this period which included spade work on PSE and Energy sector. In addition, he is on the Board of TRG (Pakistan) Limited, Primus Leasing Limited (a subsidiary of Brunei Investment Company Limited), IT Minds (a subsidiary of Central Depository Company) , AGP Pakistan Limited, Zephyr Power Ltd , IPP based Wind Power project and Hardon Solar (a developer of Solar solutions). He has also been inducted as a Board Member of KWSB in last quarter of 2021 as World Bank recommended restructuring of the Board He obtained qualification of Chartered Accountancy and Cost & Management Accountancy in the early eighties from Pakistan. He started his career at A.F. Ferguson (Price Waterhouse Coopers) in Pakistan later moving on to Ernst and Young, Saudi Arabia. During his career, he has served at important positions for various corporate entities. Starting out in the industry in 1985 at Pakistan Oxygen Limited where he was responsible for core finance functions. After four years he moved to Century Paper & Board Mills Limited (CPBM), part of the Lakson Group of Companies, where he spent a major part of his career. In his eighteen years tenure at CPBM he was engaged in the areas of finance, new projects, treasury, costing and supply chain. Additionally, he was responsible for overall coordination of group finance affairs. After ending his affiliation with CPBM, he turned his focus towards power sector and joined in 2008 Liberty Power Tech, a 200MW IPP Based project, as CEO for 3 years. Continuing his journey in the power sector he joined as CEO of HUBCO in 2011, overlooking all three of its IPP based power projects of around 1500 MW. His final assignment in the corporate sector came at House of Habib in 2013 where he was involved in new project development and real estate development for two years He has been the President of Institute of Chartered Accountants of Pakistan (ICAP) and served actively in council and regional committee in various capacities between 1993 and 2005. He also remained Chairman of Quality Control Board for nine years from 2006 and was entrusted with the objective of overseeing the quality of audit assurance work in Pakistan. He remained Chairman of Audit Committee of ICAP. He also remained Member of the managing committees of Overseas Investors Chamber of Commerce and Industry. He was the Sponsor Director of Pakistan Institute of Corporate Governance in year 2004 and 2005 and has Certification as a trainer of Corporate Governance by IFC. He is also associated with different NGO in various capacities.
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Mr. Abid Hussain: Entrepreneur with professional experience spanning over 25 years. Holds in-depth experience in the field of Strategic and Operations Management, Marketing, front line Sales, Administration and Human Resources. Currently managing M/s. Sign Source Limited (SSL) as Director and Chief Executive Officer. SSL is Pakistan’s Largest Out of Home Media & Advertising Company. Also associated with Infotainment World Pvt. Ltd. (hotfm 105) as Managing Partner. Earlier career has been with leading multinationals and national institutions of repute including M/s. Societe General, Broken Hill Proprietary, JS Group and Network Microfinance Bank in the capacity of Chief Operating Officer.
Other Directorships:
- Sign Source Limited (Unlisted – Public Limited)
- Transit Media Pvt. Limited
- Azgard Nine Limited (Listed Company)
Mr. Farrukh Imdad: Farrukh Imdad is Group Head, Hamdard Pakistan, a group active in fields of Health, Education and Philanthropy. Farrukh Imdad joined Hamdard Group in 2008 and is currently working as Director General, Hamdard Foundation Pakistan, a Philanthropic arm of the group. He also serves as Dean of Hamdard University, one of the largest private sector universities in Pakistan and as Chief Investment Officer of Hamdard Laboratories Waqf Pakistan, the largest herbal manufacturers in Pakistan, which also exports its products to over 50 countries globally. Prior to joining Hamdard, he worked for eight years in the United Kingdom and United Arab Emirates in Banking and Telecom Sector. Farrukh has a Master’s Degree in Business Administration from Bahria University, Karachi.
Mr. Suleman Lalani: Mr. Suleman Lalani joined Jahangir Siddiqui & Co. Limited (“JSCL”) on March 1, 2012 as Chief Executive Officer. Prior to joining JSCL he was Executive Director Finance & Operations and Company Secretary of JS Investments Limited where he served as CFO and Company Secretary for seven years. Mr. Lalani started his career with JSCL in 1992 where he worked for over eight years. In year 2000 he was promoted to the position of Chief Operating Officer of Jahangir Siddiqui Investment Bank Limited, a subsidiary of JSCL. In January 2002 he joined The First MicroFinance Bank Limited as its Chief Financial Officer and Company Secretary. Mr. Lalani is a Fellow member of the Institute of Chartered Accountants of Pakistan and has more than 25 years of experience in the financial services sector. He has also completed the Board Development Series Certificate Program conducted by the Pakistan Institute of Corporate Governance.
Directorships:
- JS Investments Limited
- Al-Abbas Sugar Mills Limited
- Shahtaj Sugar Mills Limited
Mr. Khaldoon Bin Latif: Mr. Latif has been associated with the capital markets for over fifteen years, with both domestics and international experience providing a comprehensive blend. Prior to joining Faysal Asset Management, Mr. Khaldoon was associated with BMA Asset Management Company Limited as its Chief Executive Officer (CEO). Earlier he was associated with JS Investments Limited as its Chief Investment Officer (CIO) and KASB Funds Limited as its CEO. Before KASB Funds he was the General Manager and Director of TSWLL Bahrain, a wholly owned subsidiary of TAIB
Bank BSC which offered custody, brokerage, asset management, and advisory services for over 40 different markets spanning across the US, Europe, MENA, Far East and South Asia. Mr. Latif has also held non-Executive Directorships at TSLLC, a brokerage firm which was a member of both Abu Dhabi and Dubai Stock Exchanges. He has also been a non-executive director on the board of TSML – a broad based fund incorporated out of Mauritius dedicated to investing in India. He has also represented a European hedge fund on the board of PACE Pakistan Ltd. and has served on the board of TMT Ventures – venture capital firm based in Pakistan with successful incubation startups particularly in the telecom space. He has been a director of the Mutual Funds Association over the last four years and is currently the Vice Chairman on the board. He is also a non-executive director on a bank holding company out of Bahrain, IIBank LLC, that has operations in Africa and Europe. Mr. Latif also brings both buy and sell side exposure of domestic capital markets in Pakistan. Mr. Latif began his career on the sell side with AKD Securities Ltd. in various capacities including Head of Foreign Institutional Sales and Equity Research in the capacity of Head of Research and Chief Economist. On the Buy side, Mr. Latif has worked with PICIC AMC as Head of Research and Product Development where his tenor also included active management of the PICIC Energy Fund. Mr. Latif is a LUMS Alumni and has done a number of capital market courses with CFA association. Daiwa, J.P. Morgan and Bahrain Institute of Banking and Finance (BIBF). He has also completed his director certification program from IBA.
Mr. Waleed Tariq Saigol: Mr. Saigol was schooled at Aitchison College, Harrow School and holds a bachelor’s degree from the London School of Economics & Political Science. He has a rich experience of Textile & Cement Sectors and is currently the Chief Executive Officer and Director of Maple Leaf Capital Limited (MLCL). Over the years, he has acquired deep insight in capital market activities. His expertise of capital market operations has helped MLCL to become one of the leading investment management companies in the country. He serves on the Board of Kohinoor Textile Mills Limited, Maple Leaf Cement Factory Limited and Maple Leaf Power Limited. He is also a Member of Audit Committees of both the listed companies of Kohinoor Maple Leaf Group and is keenly involved in formulation of vision, strategies and governance structures of these companies. His valuable deliberations and able guidance are considered valuable assets. He is keen golfer and has won several tournaments in Pakistan.
