Shahid Ghaffar

Mr. Shahid Ghaffar possess vast experience of working at top positions in the
financial market. He has served as Chairman and Managing Director, National
Investment Trust Limited 2014 – 2017. Prior to that he was Head of Investor
Relations and Corporate Representation and Member Management Forum at
Habib Bank Limited (HBL) during the period 2012 – 2014. He was involved in
the formation and development of HBL Asset Management Limited and was its
Chief Executive Officer from 2005-2012.

Mr. Ghaffar has vast experience in Capital Market Regulations and Governance.
He was Executive Director/ Commissioner, Securities & Exchange Commission
of Pakistan and was instrumental towards implementation of wide ranging
reforms in the capital market and capacity building of the Securities Market
Division during the period 2000 – 2005. He was also Managing Director of
Pakistan Stock Exchange (Former Karachi Stock Exchange) from 1998 – 2000
and was actively involved in introducing effective risk management measures,
automation of trading system and enhancing capacity building of the exchange.
During the period 1977-1998 he has served National Investment Trust Limited
in various capacities in the Asset Management Division and was responsible for
managing equity, fixed income portfolio and trading desk.

Mr. Ghaffar is presently Member, Audit Oversight Board, Pakistan and an
External Member of VIS Rating Committee of VIS Credit Rating Company
Limited.

Mr. Ghaffar holds a master’s degree in business administration from Gomal
University, D.I Khan, Khyber Pakhtunkhwa, Pakistan. He has attended serval
courses on Securities Regulations including the prestigious course conducted
by Securities & Exchange Commission in Washington D.C., USA.

He is currently serving on the Boards of following companies:

– HBL Asset Management Limited
– Awwal Modaraba Management Limited
– Habib Insurance Company Limited
– Archroma Pakistan Limited
– Karandaaz Pakistan