Shazad G Dada took charge as the chairman of the board of Pakistan Mercantile Exchange (PMEX )on Thursday.
The board unanimously elected Dada as its new chairman during PMEX’s session of December 5. The SECP appointed Dada, Muhammad Hanif Jakhura and Syed Ali Sultan as independent directors to the PMEX Board. Dada is serving as the chief executive officer of the Barclays Bank PLC, Pakistan since 2010.
Dada graduated from University of Pennsylvania and holds Bachelor of Science and Bachelor of Arts degrees. He did his MBA from The Wharton School, University of Pennsylvania. His prior work assignments include various senior positions in the Deutsche Bank AG, both in Pakistan and the US. Dada has a 23 years experience of financial markets. Dada is also serving as Chairman of the Pakistan Banks Association, Board Member of the Karachi Stock Exchange (KSE), Vice President of The Institute of Bankers Pakistan (IBP) and Chairperson – Finance Committee of IBP. In addition, Dada is associated with various charitable and educational organizations.
Meanwhile Muhammad Hanif Jakhura boasts a vast capital market experience of over ten years during which he was enrolled with important capital market institutions. He has been serving as the CEO of the Central Depository Company since 2002 and has also served as the CEO of the National Clearing Company of Pakistan Limited from 2002 till 2005.
Similarly Syed Ali Sultan is a senior professional in the banking arena and has a financial market experience of twenty years. He is currently the Group Head- Treasury, Investments and Financial Institutions – Bank Alfalah Limited. His prior work experience includes senior management and board positions on the State Bank of Pakistan, BNP Paribas Bank, Bahrain and the Standard Chartered Bank.
