The Chairman of
MAGM, Mr. Muhammad Ali graduated from IBA in 1990 with a gold medal in finance. Over the
next 25 years, he gained tremendous domestic and international work experience in the public
and private financial sector, including an appointment as the Chairman of the Securities and
Exchange Commission of Pakistan, the apex regulator for the corporate, insurance and financial
sector of the country. He is credited with the establishment of a number of successful business
ventures in the securities market, finance, real estate, IT, digital media and food sectors, having
a combined workforce of more than 2000 employees. He has also served on the boards of
leading Pakistani corporates, stock exchange, credit rating agency, Federal Board of Revenues'
Tax Advisory Group and Government of Pakistan's Economic Coordination Committee of the
Cabinet, and advised the Government on IPOs of the largest Commercial bank and one of the
largest E&P companies in the country.
As Chairman, SECP Mr Ali had the distinction of revamping the capital market landscape of Pakistan by
the ensuring successful passage and implementation of the Demutualization Act, 2012, and through the
introduction of the revised capital gains tax regime. He also initiated and steered major corporate
governance reforms for public and private sector companies in Pakistan and led Pakistan's successful
election on the Board of International Organization of Securities Commissions (IOSCO), the first time
that a developing country held this position. |
