The federal cabinet, on Thursday, approved the appointment of Farukh Sabzwari as Chairman, Securities and Exchange Commission of Pakistan (SECP).
The approval was accorded during the federal cabinet’s meeting held in Islamabad today. Prime Minister Imran Khan presided over the cabinet meeting.
Federal Minister for Information Fawad Chaudhry, while addressing a press conference after the meeting, said that the name of Farrukh Sabzwari was proposed for the slot of SECP chairmanship.
The cabinet approved Sabzwari’s name for the top slot. It must be mentioned here that at present, Tahir Mehmood, was working as the acting chairman of SECP.
Farrukh has rich experience of working in financial markets both locally and globally. He was the Managing Director of BMA Capital Management Limited.
Sabzwari has previously worked as Director Asian Equities Sales at Credit Suisse in Singapore. He had spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi with CLSA, KASB (A Merrill Lynch affiliate) and Credit Suisse.