JS / Knowledge Center / Governance
Mr. Adil Matcheswala is the CEO and founding Director of Speed (Private) Limited, a retail and distribution company that is incorporated in Pakistan. The Company’s portfolio includes numerous leading International brands such as Nike, Adidas, Under Armour, Birkenstock, Tag Heuer, Charles & Keith, Pedro and Timex.

He started his professional career in the financial services industry in 1992 and was the Head of the Equity Sales Division of Jahangir Siddiqui & Co. Ltd. (formerly Bear Stearns Jahangir Siddiqui Limited).

He has previously served as the Chairman of the Board and Chairman of the Audit Committee of JS Global Capital Ltd. as well as a Director of JS Value Fund.

He has served on the Board of JS Bank Limited since 2012.

Mr. Matcheswala graduated from Brown University with an A.B. in Economics.

Directorships in Other Companies:
Speed (Private) Limited
JOMO Technologies (Private) Limited
Mr. Hassan Afzal is the Chief Technology Officer of Afiniti, a company that offers AI products to transform how enterprises pair employees and customers. Mr. Afzal has been responsible for the company’s product engineering, professional services, and production support areas since 2007.

Prior to joining the Afiniti team, Mr. Hassan held senior management positions with Deloitte Consulting, Commerce One and American Management Systems. At Deloitte Consulting, Mr. Afzal advised the CIOs of fortune 500 companies on technology strategy, merger integration, and enterprise system implementations. As Senior Principal at American Management Systems (AMS), Mr. Afzal was responsible for the systems deployment function of AMS’s healthcare product offering.

As Senior Director at Commerce One, Mr. Afzal was responsible for professional services engagements in the Oil and Gas sector. Mr. Afzal was elected as director on the Board of JS Bank in 2019. Mr. Afzal holds a MSE in Computer and Information Systems from the University of Pennsylvania and a BS in Electrical Engineering from the University of Virginia.

Directorships in Other Companies:
Nil
Ms. Nargis Ghaloo is a retired senior civil servant having served the Government of Pakistan in various capacities for 36 years. She retired as the Managing Director Public Procurement Regulatory Authority, Government of Pakistan.

Ms. Ghaloo was Chairperson of State Life Insurance Corporation of Pakistan, Pakistan’s largest life assurer, from 2014 to 2016.

Ms. Ghaloo joined the Civil Services of Pakistan in 1982, has many years of professional experience serving in senior management positions with provincial as well as federal government departments in diversified fields such as public sector management, administration, financial, judicial, health, insurance and planning. Ms. Ghaloo did her Masters in English from University of Sindh in 1981 and is a certified Director from The Pakistan Institute of Corporate Governance (PICG) and holds certificate of corporate governance from INSEAD and also holds a certificate in company direction from Institute of Directors, UK. Ms. Ghaloo has served on the Board of JS Bank since 2016.

Directorships in Other Companies:
Hinopak Motors Limited
Mr. Basir Shamsie is President & CEO of JS Bank Limited.

Mr. Shamsie joined Bear Stearns Jahangir Siddiqui & Co. (now Jahangir Siddiqui & Co. Ltd.) in 1994 in the Money and Bond Markets business. His particular expertise is in Treasury and Investment Banking and he is credited with over 60 capital market deals, many of which have been landmark transactions for Pakistan.

He was part of the core team responsible for acquisition of American Express Bank’s Pakistan operations in 2006 and its merger into JS Bank, Mr. Shamsie has since been associated with JS Bank in various senior roles such as Group Head of Treasury, Wholesale & International Banking which he held till May of 2017. His last assignment was Deputy CEO of JS Bank.

He has previously served as Chairman, JS Investments Limited and JS Global Capital Limited and Director of JS Bank Limited.

Directorships in other companies:
Nil
Lt Gen (Retired) Mr. Sadiq Ali, was commissioned in 54th Core Pak Army on March 16, 1984. He is a graduate of Turkish War Academy, Istanbul and NDU, Islamabad. During his career Mr. Sadiq Ali held a number of Staff and Instructional appointments which include BM Infantry Brigade, GSO-I MO Dte, DS & CI (C&SC Qta), COS in a Strike Coprs, VMS and IG Arms GHQ, he has commanded 23rd Core (FF), 7 Armd Bde, 116 Bde, 1 Armd Div, Comdt PMA Kakul, 35 Div, 4 Corps and POF Wah. He has taken over the charge as Secretary Ministry of Defence Production on March 5, 2020 and retired from the position on March 4, 2022.

Directorships in Other Companies:
Nil
Mr. Shahnawaz Haider Nawabi holds an MBA from Harvard University – USA and a BA degree from Stanford University – USA.

Mr. Shahnawaz worked as a Management Consultant with Boston Consulting Group (BCG), an American global management consulting firm founded in 1963. He was also served as Managing Director with Cambridge Associates a Global Investment Firm, from 2015 to 2019.

Mr. Shahnawaz is a director on the Board of Fly Jinnah Services (Pvt.) Ltd., First Jamia Services Ltd., and Tall Tree Education. He has extensive professional experience serving at senior positions with global firms in the field of Investment and Finance.

Directorships in Other Companies:
Fly Jinnah Services (Pvt.) Ltd
First Jamia Services Ltd.
Tall Tree Education (Pvt.) Ltd.
Quantum Chemical Ltd.
Mr. Usman Mubin, was Chairman Nadra from February 2015 to February 2021. Mr. Usman an MIT graduate is the youngest ever head of any leading Pakistani organization. Studied at the prestigious Massachusetts Institute of Technology (MIT) and having a master’s degree in Electrical Engineering and Computers Science as well as a bachelor’s degree in the same subject, Mr. Usman has completed many complicated national and international IT projects which have turned around not only Nadra, but also revolutionized the functioning of many other organizations.

Mr. Usman graduated with a cumulative GPA of 5.0/5.0 in 2002. Before MIT, he graduated from Atchison College with the best A-level grades in the world and won the President’s Medal for best student in his class every year for 12 consecutive years.

In recognition of his services, Mr. Usman has been awarded numerous awards including Tamgha-e-Imtiaz in Public Service by the President of Pakistan in 2008. Mr. Usman Mobin has designed and implemented numerous international projects including Citizens’ Registration Project in Sri Lanka, Identity Management of Sri Lanka, Civil Registration of Sudan, Machine Readable Passports of Kenya and Driver’s License of Bangladesh.

In Pakistan, he has deployed the National Identity Card System, Civil Registration System, Smart Card, and software for Benazir Income Support Programme, Watan Cards, Citizens Damage Compensation Program, Arms License Projects and the world’s first ever ICAO compliant multi-biometric passports.

Mr. Usman brings 12 years of experience in delivering high-quality citizens registration and citizens’ services projects around the world and has been the CTO of the organization since 2002.

Directorships in Other Companies:
Aploi (Pvt) Ltd
Mr. Mumtaz Ali Shah retired as the Chief Secretary of Sindh in March 2022. He previously served as the Maritime Secretary of Pakistan. Shah has also briefly tenured as the Federal Secretary for the Ministry of Religious Affairs. Prior to his elevation to Grade 22 in 2017, Shah served in many positions in the Government of Sindh. Positions he held in Sindh include Additional Chief Secretary (Home), coveted position of Chairman Enquiries & Anti-Corruption Establishment, Secretary Works and Services, Secretary Information Department, Secretary General Administration (SGA.CD), and Secretary Population Welfare. In the beginning of his career, he served as Assistant Commissioner Multan and Dera Ghazi Khan in Punjab. He has also previously served as District Coordinating Officer (DCO) for Badin, Mirpurkhas, and Nasirabad in Balochistan.

Mr. Mumtaz Ali Shah holds master’s degree in English and Economics.

Directorships in Other Companies:: Nil

Pattern of Shareholding

 

Shareholding pattern as of December 31, 2021.

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Auditors

 

KPMG Taseer Hadi Co.
Chartered Accountants

Legal Advisor

 

Haidermota BNR
Bawaney and Partners
Liaquat Merchants Associates

Compliance Certificate

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