JS / Knowledge Centre / Governance
Mr. Kalim-ur-Rahman was formerly President & CEO of JS Bank Limited from 2010 to 2013, and has been a Director of the Bank since then. He was elected Chairman of the Board of Directors in August 2019. He is a seasoned banker with 50 years of experience in both international and domestic banking. He started his banking career with National & Grindlays Bank in 1963 as a Management trainee. After nearly three years of banking training in Pakistan and London, he was appointed a covenanted officer of the Bank in 1966, and served in Karachi, Peshawar and London in senior positions till 1978, when he resigned and joined Middle East Bank, Dubai as Chief Manager, and subsequently promoted as Assistant General Manager - UAE Operations. During his tenure with Middle East Bank in Dubai, he conceived and implemented the online computerization of the UAE branches in 1980, being one of the first in UAE banking. In 1985, he was posted to Karachi as General Manager – South Asia, and till 1991 saw Middle East Bank, Pakistan grow its profitability by 35% per annum CAGR from only three branches in the country. After 1991, Mr. Kalim-ur-Rahman served in several Pakistani banks in senior positions, including as the President & CEO of Askari Commercial Bank from 1999 to 2006, during which period the Bank saw a phenomenal growth in its assets (40% CAGR) and profitability (47% CAGR). He subsequently served as the General Manager of Arab Emirates Investment, Dubai 2007-2008. Mr. Kalim-ur-Rahman was the first Secretary General of the Pakistan Banks Association 2006- 2007. Mr. Kalim-ur-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 and holds the Director’s certification from the Pakistan Institute of Corporate Governance as well as the Institute of Directors, London. Mr. Kalim-ur-Rahman is a member of the Board’s IT Committee and the HR, Remuneration & Nomination Committee.
Directorships in Other Companies:
Excel Labs (Pvt) Limited
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, 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. He is also a member of the Board’s Audit Committee and HR, Remuneration & Nomination Committee of the Bank. Mr. Matcheswala graduated from Brown University with an A.B. in Economics.
Directorships in Other Companies:
Speed (Private) Limited
JOMO Technologies (Private) Limited
Mr. Ashraf Nawabi is a seasoned banker, working in United Arab Emirates since 1967. He has worked in United Bank Limited/BCCI, as CEO for their Middle East Regions. Presently he is working as Advisor in Emirates NBD Bank PSC, which is largest Commercial Bank in the Middle East & Africa. Mr. Nawabi is also Board Member of Alliance Insurance P.S.C Dubai. He also was Board member of Union National Bank Abu Dhabi, the third largest Bank of U.A.E. for almost ten years. Apart from this he is CEO/Director of First Jamia Services Limited Lahore and Chairman Alif Noon Parents Foundation. Mr. Nawabi, in coordination with Dubai ruling family members and businessmen established International School of Choueifat in Lahore in 1991. This school in one of its kind in the entire subcontinent, imparting high quality education to students for entry into leading Universities of Europe and America. Further branches of International School of Choueifat are planned to be opened in different cities of Pakistan in next few years. On his own, with an upto date personal contribution of almost PKR 200 million he has established KPSS School in Chakwal, specifically to impart quality education to under previliged children of the area. This School has enrolment of over 400 pupils which will gradually increase to 1500 students in next few years. To accommodate increase in students, substantial expansion is underway to increase the capacity of school. Global institutions, Pakistani corporates, businessmen and individuals from Pakistan and abroad continue to donate substantial amounts for this noble cause. Further schools are also planned to be opened in less developed areas. Mr. Nawabi has served on the Board of JS Bank Limited since 2007. He is also a Chairman of the Board’s Risk Management Committee.
Directorships in Other Companies:
First Jamia Services Limited, Lahore
Alliance Insurance Co. P.S.C. Dubai.
Mr. G.M. Sikander 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 selfhelp basis which has now become a Degree College with almost 5,000 students. Mr. Sikander has 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. Mr. Sikander 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 has served on the Board of JS Bank Limited since 2013. He is also a member of the Board’s Audit Committee and HR, Remuneration & Nomination Committee of the Bank. 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. Furthermore, he also holds the Director’s Certification from the Institute of Chartered Accountants of Pakistan (ICAP).
Directorships in Other Companies:
Nil
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. Hassan 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. 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), Mr. Hassan was responsible for the systems deployment function of AMS’s Healthcare product offering. As Senior Director at Commerce One, Mr. Hassan was responsible for professional services engagements in the Oil and Gas sector. Mr. Hassan was elected as director on the Board of JS Bank Limited in 2019. He is also the Chairman of the Board’s Information Technology Committee of the Bank. Mr. 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.
Directorships in Other Companies:
Nil
Mr. Munawar Alam Siddiqui, 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 Dassault 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. As part of his social commitment, he works as a director on the boards of Fakhr-e-Imdad Foundation, Karachi Education Initiative, Karachi School for Business & Leadership and Karigar Training Institute. He is also a Trustee of the Cardiovascular Foundation. Mr. Siddiqui has served on the Board of JS Bank Limited since 2016. He is also a member of the Board’s Audit Committee and Risk Management Committee of the Bank. Mr. Siddiqui holds a B.Sc. (Honours) in War Studies from Karachi University, a B.Sc. Avionics from Peshawar University, an M. Sc. in Defence and Strategic Studies from Quaide-Azam University and an M. Sc. in Strategic Studies from Karachi University. He is also an alumnus of the National Defence University.
Directorships in Other Companies:
Jahangir Siddiqui & Sons Limited
Fakhr-e-Imdad Foundation
JS ABAMCO Commodities Limited
Karachi Education Initiative
Peregrine Aviation (Private) Limited
Karigar Training Institute.
Ms. Nargis Ghaloo - Independent Director 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. She is also the Chairperson of Alpha Insurance Company Limited. 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 Limited since 2016. She is also a member of the Board’s Audit Committee and Risk Management Committee of the Bank.
Directorships in Other Companies:
Alpha Insurance Company Limited
Hinopak Motors Limited
Mr. Sohail Aman - Independent Director Born in 1959, Air Chief Marshal Sohail Aman received his intermediate and graduate education at PAF College, Sargodha. Subsequently, he joined Pakistan Air Force and graduated from PAF Academy in 1980. He is a graduate of Pakistan Air Force War College and has two Masters Degrees: Strategic Studies from Karachi University and International Relations from Kings College, London. He is also a proud alumnus of Royal College of Defence Studies United Kingdom and has attended National & International Security Course at Harvard Kennedy School USA. During his career, ACM Sohail Aman has flown various types of fighter aircraft including F-16s and has a grand total of over 3000 fighter hours to his credit. As a distinguished fighter pilot and Combat Commander, he has also evaluated modern fighter aircraft like SU27, SU30, Gripen and Euro fighter Typhoon. He has commanded a Fighter Squadron, Combat Commanders’ School, a Fighter Base and a Regional Air Command of Pakistan Air Force. Air Chief Marshal also has a rich staff experience and has served as Director Operations, Director Plans, Assistant Chief of Air Staff Operations, Deputy Chief of Air Staff Training and Deputy Chief of Air Staff Operations at Air Headquarters. As Deputy Chief of Air Staff Training, he focused on the concept of Education for All; especially to the underprivileged children. In this regard he introduced various scholarship schemes for deserving PAF as well as civilian children. He also developed two medical colleges and three air university campuses across the country during his tenure as the Chief. As Deputy Chief of the Air Staff Operations, he was the main architect of Pakistan Air Force’s campaign in support of successful Counter Terrorism Operation Zarb-e-Azb that proved pivotal in eliminating the menace of terrorism from Pakistan and restoration of peace in the country. He personally led anti-terrorists missions in F16 aircraft depicting the nation’s resolve to combat terrorism. ACM Sohail Aman is also regarded for orchestration and actualization of Pakistan Air Force’s modernization plan. His relentless pursuit of indigenization and focus on Human Resource development through industry academia linkage is evident in shape of development of “Aviation City” in PAF. The establishment of “PAF Airpower Centre of Excellence” is yet another strategic initiative by the Air Chief Marshal. This unique institution aims to share PAF’s rare experiences in Counter Terrorism Air Operations (CT) with friendly air forces. The institute also lays special focus on Research and Development (R&D) in the field of ‘Airpower Application in Contemporary Warfare’. ACE’s R&D is closely linked to development of modern aviation hardware at Aviation City, especially Project ‘Azm’ which was initiated by him as the PAF effort to manufacture fifth generation fighter aircraft. He envisioned and developed PAF Base Bholari near Hyderabad and developed it at a record speed as a fighter base. Owing to his experience in security related issues and Leadership, ACM has extensively lectured at think tanks and audience at various high-ranking universities and Staff & War colleges; both inland and abroad. Air Chief Marshal is also a man of great compassion which is evident from the monumental steps he has undertaken for the welfare of families of martyrs, Personnel with Special Needs (PSN) and education and wellbeing of low paid employees of PAF. In recognition of his meritorious and exceptionally dedicated services, he has been decorated with awards of Nishan-i-Imtiaz (Military), Hilal-i-Imtiaz (Military), Sitara-i-Imtiaz (Military) and Tamgha-i-Imtiaz (Military). He is also recipient of “The Legion of Merit” of Turkish Armed Forces, “King Abdul Aziz Medal of Excellence” by the Kingdom of Saudi Arabia and United States “Legion of Merit”, the highest military award of US Armed forces awarded to any foreign military official. Air Chief Marshal is currently studying Leadership, Policy formulation and Governance and is undertaking projects relating philanthropic work. Mr. Aman was appointed as director on the Board of JS Bank Ltd in 2019. He is also the Chairman of the Board’s HR, Remuneration & Nomination Committee and member Board IT Committee of the Bank.
Directorships in Other Companies:
Nil
Mr. Basir Shamsie - President and CEO Mr. Basir Shamsie is President & CEO of JS Bank Limited. Mr. Shamsie has 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. (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 Limited 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 has previously served as Chairman, JS Investments Limited and JS Global Capital Limited and Director of JS Bank Limited. He is also a member of the Board’s Risk Management Committee and Information Technology Committee of the Bank.
Directorships in Other Companies:
Nil

Pattern of Shareholding

 

Shareholding pattern as of December 31, 2020.

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Auditors

 

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

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