JS / Knowledge Centre / Governance


Mr. Suleman Lalani joined Jahangir Siddiqui & Co. Ltd. (“JSCL”) on March 1, 2012 as Chief Executive Officer. Prior to joining JSCL he was Executive Director Finance & Operations and Company Secretary of JS Investments Limited where he served as CFO and Company Secretary for seven years. Mr. Lalani started his career with JSCL in 1992 where he worked for over eight years. In year 2000 he was promoted to the position of Chief Operating Officer of Jahangir Siddiqui Investment Bank Limited, a subsidiary of JSCL. In January 2002 he joined The First Microfinance Bank Limited as its Chief Financial Officer and Company Secretary. Mr. Lalani is a fellow member of the Institute of Chartered Accountants of Pakistan and has over 25 years of experience in the financial services sector. He has also completed the Board Development Series Certificate Program conducted by the Pakistan Institute of Corporate Governance.
Other Directorships: 1. Jahangir Siddiqui & Co. Ltd. 2. JS Investment Ltd. 3. Mahvash & Jahangir Siddiqui Foundation 4. Future Trust 5. Al-Abbas Sugar Mills Ltd. 6. Quality Energy Solutions (Private) Ltd. 7. Khairpur Solar Power (Private) Ltd.

Mr. G.M Sikander is also a member of the Audit and HR, Remuneration & Nomination Committees. He has been a career civil servant having served the Government of Pakistan in various capacities for 39 years. He retired as Federal Secretary of the Housing and Works Division. He has served as Assistant Commissioner and Deputy Commissioner in various districts of Punjab and contributed significantly towards social sector development. While serving as Deputy Commissioner of Kasur he single handedly established a public school on self-help basis which has now become a Degree College with almost 5,000 students. Mr. Sikander previously served as Secretary to the Government of the Punjab and (KPK) provinces and headed the departments of Services, Establishment, Information & Tourism, Housing & Physical Planning, Baitul Maal, Social Security and Cooperatives. He also served as Principal Secretary to five Chief Ministers in the Punjab for a record period of nearly 10 years. After retirement, he now serves as a Director and Chairman of the Audit Committee and is on the Board of Directors of National Fertilizer Marketing Limited. He is also a Trustee of the Hamza Foundation in Lahore which is a foundation dedicated to supporting and educating deaf and mute students and a Life Trustee of the Marafie Foundation Pakistan which is engaged in the development of public health and education sectors in Gilgit-Baltistan. Mr. Sikander received his M.A. in Political Science from Punjab University and completed a Diploma in Development Administration from the University of Birmingham. He has also completed the Advanced National Management Course from the former Pakistan Administrative Staff College Lahore and a special course in Development Administration from The National Institute of Public Administration. The National Institute Administration Lahore of Public He holds the Director’s Certification from the Institute of Chartered Accountants of Pakistan (ICAP).
Ms. Nargis Ghaloo is also a Member of the HR, Remuneration & Nomination Committee of the Bank. She at present is the Managing Director, Public Procurement Regulatory Authority, and Government of Pakistan. Ms. Ghaloo was the 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 has also holds a Certificate in Company Direction from Institute of Directors, UK.
Mr Adil Matcheswala is a member of the Audit Committee. He is the CEO and founding Director of Speed (Private) Limited, a retail and distribution company that is incorporated in Pakistan. It has amongst its portfolio, numerous leading international brands such as Nike, Adidas, Tag Heuer, Charles & Keith, Pedro and Timex. He started his professional career in the financial services industry in 1992 and until 2002 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 BSJS Balanced Fund Ltd. Mr. Matcheswala graduated from Brown University with an A.B. in Economics.
Mr. Kalim-ur-Rahman was formerly President & CEO of JS Bank Limited from 2010 to 2013. He is also a Member of the Risk Management Committee. He is a seasoned banker with 50 years of experience in both international and domestic banking. He has served in various leading international and domestic banks, including Grindlays Bank PLC in the UK and Pakistan, Middle East Bank Ltd. in the UAE and Pakistan as General Manager - South Asia, Emirates Investment Bank in the UAE as General Manager. Mr. Rahman served as President and CEO of Askari Commercial Bank in Pakistan. Mr. Rahman did his Senior Cambridge from Burn Hall School, Abbottabad and B.Sc. (Hons) from Government College, Lahore. He had a first class academic career throughout, and his name is inscribed on the College Roll of Honor. He is a Fellow of the Institute of Bankers in Pakistan as well as the Institute of Chartered Secretaries and Managers, Pakistan. He holds the Director’s certification from (PICG) as well as the Institute of Directors, UK. He is presently working as Advisor to the Mahvash & Jahangir Siddiqui Foundation, Karachi.
Hassan is the Chief Technology Officer of Afinity, a company that offers AI products to transform how enterprises pair employees and customers. Hassan has been responsible for the company’s product engineering, professional services, and production support areas since 2007. Prior to joining the Afiniti team, Hassan held senior management positions with Deloitte Consulting, Commerce One and American Management Systems. At Deloitte Consulting, Hassan advised the CIOs of Fortune 500 companies on technology strategy, merger integration, and enterprise system implementations. As Senior Principal at American Management Systems (AMS), Hassan was responsible for the systems deployment function of AMS’s Healthcare product offering. As Senior Director at Commerce One, Hassan was responsible for professional services engagements in the Oil and Gas sector. Hassan holds a MSE in Computer and Information Systems from the University of Pennsylvania and a BS in Electrical Engineering from the University of Virginia.
Mr. Ashraf Nawabi is the Chairman of the Risk Management Committee. He is a senior banker with over 40 years of banking experience. He was the founder of Prime Commercial Bank Limited and remained on its Board of Directors for three years. Since 1990, he has been the Advisor to Emirates NBD Bank PJSC which is one of the largest banks in the Middle East. Since 1989, he has also been one of the major shareholders and a Director of Alliance Insurance Co. PSC in the UAE. For five years he was a Director of Union National Bank PJSC, the fourth largest bank in the UAE. He was the Chief Executive Officer of United Bank Limited – Middle East for seven years. He is also a Director and Chief Executive Officer of First Jamia Services Limited in Lahore since 1991. The institution provides education related services. Mr. Nawabi graduated from the University of Karachi.
Mr. Munawar Alam Siddiqui is also a Member of the Risk Management Committee. He retired as an Air Commodore from the Pakistan Air Force (PAF) in 2003. His last post was Assistant Chief of Air Staff (Administration) at Pakistan Air Force Headquarters. For his meritorious services to the PAF, he was awarded Tamgha-e-Imtiaz (Military) and Sitara-e-Imtiaz (Military). He was commissioned in the GD (P) Branch of the Pakistan Air Force in 1974. He is a qualified flying instructor and has flown over 8000 hours on different aircraft types including C-130, Boeing and Assault aircraft. He has served as a VVIP and Presidential Pilot during his tenure of service and has held various key command and staff appointments in the PAF. He served as Director of Air Transport at Air Headquarters from 1996 to 1998 and commanded an operational air force base with over 8,500 personnel from 2000 to 2002. Presently Mr. Siddiqui is Advisor to JS Investments Limited and was Chairman of JS Investments Limited from 2004 to 2013. Currently he is Chairman of Peregrine Aviation (Pvt.) Limited and serves as a director on the boards of Jahangir Siddiqui & Co. Limited and JS Bank Limited. As part of his social commitment, he works as a director on the boards of Fakhr-e-Imdad Foundation, Karachi Education Initiative, and Karachi School for Business & Leadership and Karigar Training Institute. He is also a Trustee of the Cardiovascular Foundation. Mr. Siddiqui holds a B. Sc. (Honors) in War Studies from Karachi University, a B. Sc. Avionics from Peshawar University, and an M. Sc. in Defence and Strategic Studies from Quaid-e-Azam University and an M. Sc. in Strategic Studies from Karachi University. He is also an alumnus of the National Defence University.
Mr. Basir Shamsie is President & CEO of JS Bank Limited. Mr. Shamsie received his Bachelors in Business Administration from University of Texas at Austin. He has also completed the Program for Leadership Development from Harvard Business School. Mr. Shamsie joined Bear Stearns Jahangir Siddiqui & Co. 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 Ltd. 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, JS Bank. He also serves as Chairman, JS Investment Limited and has previously served as Chairman, JS Global and Director of JS Bank.

Pattern of Shareholding


as of 31 December 2017




EY Ford Rhodes, Chartered Accountants(a Member firm of Ernst & Young Global Limited)

Legal Advisor


Haidermota BNR
Bawaney and Partners
Liaquat Merchants Associates

Compliance Certificate