Commission

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. 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.

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.