Muhammad Farid Alam, FCA
I have over 20 years of
experience in the financial sector. My current
assignment as CEO AKD Securities Limited (AKDS)
includes heading a talented team of young
professionals who have proven their resilience
by performing exceedingly well under the highly
challenging conditions prevailing in the
financial market of today. AKDS is a top notch
corporate brokerage house of Pakistan, providing
a full range of financial services, ranging from
equity brokerage and investment banking to
undertaking research and evaluation of the
economy and an independent and thorough analysis
of individual companies.
AKDS accounts for about 8% – 10% of the volume
traded at KSE and its Investment Banking
division is considered to be one of the most
active and innovative set ups in the financial
sector. I also oversee AKD Group financials, in
consort with CEOs of the respective group
companies.
Before joining the AKD group in 2007, I had been
working for
Pakistan Industrial Credit and Investment
Corporation
(PICIC) initially as the Head of Mutual Funds
Division and
later as the Head of Treasury at PICIC. During
my tenor, the
Net Asset Value (NAV) of the PICIC funds grew at
a rate
which surpassed not only the KSE- 100 Index, but
also the
other tougher parameters of performance set by
the PICIC
management. I had the vision to correctly gauge
the
liquidity levels prevailing during the year
2003-04 and the
investors’ appetite for secured investment of
their funds.
My investment banking skills grew with time,
following the
exposure to this specialized field, fairly early
in my
professional career, during my stay at Crescent
Investment
Bank Limited (CIBL) -the first investment bank
in Pakistan,
where I served in various capacities including
Treasurer,
Equity Strategist, Chief Financial Officer,
Chief Internal
Auditor and Manager Corporate Finance. During my
last two
years with CIBL, I was also entrusted with the
management of
the bank’s discretionary clients’ portfolio of
over PKR 3
billion.
My investment banking skills grew with time,
following the
exposure to this specialized field, fairly early
in my
professional career, during my stay at Crescent
Investment
Bank Limited (CIBL) -the first investment bank
in Pakistan,
where I served in various capacities including
Treasurer,
Equity Strategist, Chief Financial Officer,
Chief Internal
Auditor and Manager Corporate Finance. During my
last two
years with CIBL, I was also entrusted with the
management of
the bank’s discretionary clients’ portfolio of
over PKR 3
billion.
I am a fellow (FCA) of the Institute of
Chartered
Accountants in Pakistan (ICAP) and serve on
various
committees of ICAP, including a high powered
Economic
Advisory Committee. I am also a member of Board
of Studies
of IoBM (Institute of Business Management).
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"Strange how much you have to know" before you know now, little you know.
Latest CEO AKD Securities Limited (AKDS)
I have the honor of representing Pakistan at various
international forums in United States, United Kingdom,
Germany, Malaysia, India, Singapore, Mauritius and Hong
Kong. My articles on professional issues frequently appear
in such prestigious newspapers as Khaleej Times, The Express
Tribune, Business Recorder, Financial Daily etc in addition
to the journals of various professional bodies. I am also
often invited by the television channels in Pakistan for
broadcasting my professional comments, as an expert on
topics relating to Money Markets, Capital Markets & the
Economy.
Over the years my team and I at AKDS have won several awards
and accolades including recognitions from the prestigious
CFA Association of Pakistan such as the ‘Best Brokerage
House of the Year’ and ‘Best Corporate Finance House of the
Year’ awards. Lately in March 2013, I was awarded
Professional Excellence Award (1st position) on acting as an
advisor and arranger for the “Participation Term
Certificate” Issued by Treet Corporation Limited by ICAP.
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