Board of Directors

Mr. Suleman Lalani is presently the Group President of Jahangir Siddiqui & Co. Limited (“JSCL”).

Before his elevation to the position of Group President, he served JSCL as its Chief Executive Officer for more than a decade. Prior to joining JSCL, he was Executive Director Finance & Operations and Company Secretary of JS Investments Limited where he also served as CFO and Company Secretary for seven years.

Mr. Lalani had 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 Micro-Finance 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 more than 30 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.

Date of Joining the Board: May 10, 2023

Other directorships held:

• Chairman/Director, JS Investments Limited
• Director, Al-Abbas Sugar Mills Limited
• Director, TRG Pakistan Limited

Mr. Akhtar Abbas is a highly competent lawyer and legislative expert. He is serving the community for almost two decades through his untiring passion and commitment towards his profession. He has Bachelor and Masters degrees in Law from International Islamic University, Islamabad with a special focus on comparative study of Shariah and Common Law. He also has a Masters Degree in Political Science from Punjab University. As an advocate High Court, he has participated and played a pivotal role in several cases of public and constitutional importance throughout his career.

He is presently advising Federation of Pakistan Chambers of Commerce & Industry, FPCCI as member Advisory Committee on Legal Affairs. He has recently worked as an Assistant Advocate General with the Government of Punjab. He has also worked as Legislative Consultant to the Senate of Pakistan, where he has worked with Standing Committee on Law and Justice. He voluntarily assisted the Chairman of the Committee in research, drafting and comparative study of different laws in proposing new legislation through private member bill. Other than his legal services, he has been teaching various law subjects at top universities of the country including Quaid-e-Azam University, COMSATS University, and Bahria University in Islamabad as a visiting faculty member. He also appears in TV shows as a legal and political analyst.

He has also attended numerous trainings, workshops, and seminars of significant importance including but not limited to National Security Workshop (NSW-12); the highest course on the subject in the country offered by National Defence University and National Media Workshop (NMW-7) from the same university. He has graduated from Pakistan Naval War College Lahore where he attended Maritime Security Workshop (MARSEW-19). He has also attended a training course on Eco-Tourism held in Philippine organized by Asian Productivity Organization, Japan. He holds two diplomas in Business and Diplomacy from European Academy of Diplomacy Warsaw, Poland.

He has also completed Director Training Programme from Lahore University of Management Sciences (LUMS).

Date of Joining the Board: May 10, 2023

Other Offices held:

• Member, District Social Protection Committee Bhakkar (Punjab Social Protection Authority)
• Deputy Information Secretary, Chamber of Agriculture, Punjab
• Legal Advisor, Pakistan Institute of Conflict and Security Studies
• Advocate High Court, Punjab Bar Council

Mr. Ali Hussain has over forty-eight years of professional and managerial experience in both corporate and private entities. For the past thirty-three years he has been managing his own global organizations and international financial investments in the field of technology, medical electronics and strategic investments with operations in USA, Canada, Singapore, UK and Germany. His portfolio of past acquisitions has created significant value through growth and M&A.

Currently, Mr. Hussain manages a portfolio of banking, ecommerce, Fintech and digital technology investments along with family office. In Singapore he invests in early stage Technology companies to promote entrepreneurship and encourage young entrepreneurs.

Mr. Hussain holds a Master’s degree in Electrical engineering from Stanford University.

Date of Joining the Board: April 29, 2011

Other directorships held:

Managing Director, SAJ Capital Management Limited

Ms. Iffat Mankani is the Chief Executive Officer of JS Investments Limited (JSIL), with over 20 years of expertise across premier asset management and financial institutions in Pakistan and Canada. Since rejoining JS Investments in 2021, she has led a transformative period of growth, restoring the company’s profitability and revitalizing its market position. Her extensive expertise in asset management, strategic brand positioning, and financial scrutiny has strengthened JS Investments’ growth trajectory and fortified its market presence.

Throughout her career, Ms. Mankani has held key roles, including Chief Investment Officer at JSIL and BMA Asset Management, where she introduced pioneering products like Pakistan’s first asset allocation fund, capital-protected fund, and index fund. Known for her strategic acumen and analytical insight, Ms. Mankani has been instrumental in establishing a disciplined asset and risk allocation framework, driving consistent top-quartile fund performance at various firms during her career.

Her international experience includes significant contributions in firms in Canada with PwC’s Deals Advisory team and risk management positions at Bank of Montreal and CIBC, where she excelled in financial instrument valuations, regulatory oversight, and managing risk across equity, fixed income, and structured products.

Ms. Mankani holds a Master of Finance from the Rotman School of Management, University of Toronto, and an MBA from the Institute of Business Administration, Karachi.

Date of Joining the Board: May 10, 2023

Other directorships held:

Chief Executive Officer, JS Investments Limited

Mr. Hilaly has been a principal investor in equities for 25 years. He currently serves as the Chief Executive Officer of the Ithaca Capital group, a privately held investment holding company with a 25 year track record of deploying capital in various businesses across multiple sectors in Pakistan including transportation, leasing, power generation, outsourcing, armed security, vehicle rental, technology, publishing and FMCG.

Prior to joining Ithaca, he worked in early-stage private equity and merchant banking. For the past twelve years he worked at a special situations hedge fund. His core expertise includes investment selection, portfolio construction, capital allocation and management, risk management, valuation, financial control, corporate governance and investor relations.

Mr. Haider graduated cum laude and Pi Sigma Alpha from Hamilton College in the United States and he holds a MBA degree from the London Business School. He is also a certified director from the Pakistan Institute of Corporate Governance.

Date of Joining the Board: May 07, 2020

Other directorships held:

Mr. Sulaiman is the First Independent Chairman of State Life Insurance Corporation, appointed on August 17, 2023 by the Federal Government under the newly promulgated SOE Act, 2023.

Mr. Sulaiman served TPL Developments as Chairman from September 2022 to December 2024, and as CEO from March 2022 – August 2023 and was leading all the development initiatives of USD 100mn TPL REIT Fund-I and was also responsible for all new developments of TPL.

Before TPL, he has served as CEO Cyan Limited, formerly Central Insurance Company Limited (CICL). In 2011, Mr. Sulaiman orchestrated the business restructuring of CICL (Insurance) to Cyan (Investments/PE), a landmark transaction, and the first of its kind in Pakistan.

Before Cyan, he has also served PICIC DFI, PICIC Asset Management Company Ltd., Allied Bank (ABL) and ABL Asset Management Company Limited. He has had the privilege of establishing two leading Asset Management Companies.

As a senior executive he has been working on strategy, mergers and acquisitions. He is a proven business leader with a track record of delivering sustainable change and superior results. Mr. Sulaiman’s experience spans over 22 years in multiple areas of real estate development and financial services including investments, operations, marketing, legal and corporate affairs.

Amongst his prominent achievements have been the acquisition of HUBCO from National Power in June 2012 for PKR 6bn and exited in March 2018 for PKR 22bn resulting in gains of app. PKR 23bn (incl dividends) in less than 6 years. He also had the privilege of leading the election process of HUBCO for DH Group twice in 2012 and 2015 and managed 8 out of 11 seats with just 17.5% shareholding while managing the rest through proxies.

He has been the youngest Chairman of the Pakistan Stock Exchange (PSX). At PSX besides being the Chairman of the Board, Mr. Sulaiman was also the Chairman of the Nomination Committee, Human Resource and Remuneration Committee and Regulatory Affairs Committee. He was Chairman Unity Foods Limited. He was also Chairman Pebbles Ltd. – the real estate arm of Dawood Hercules (DH) Group and spearheaded all real estate initiatives of the Group. He is a Founding member of the Presidential Initiative for Artificial Intelligence and Computing (PIAIC) and a Member of the Committee on Emerging Technologies of MOIT. He is also an Independent Director on Sindh Energy Holding Company (Pvt) Limited, BankIslami Pakistan Limited, Lucky Motor Corporation Limited and Aga Khan Cultural Service Pakistan (AKCSP).

He has also served on the Board of Dawood Lawrencepur Limited, FOCUS Pakistan (an Aga Khan Foundation backed NGO), lnbox Business Technologies (Pvt.) Ltd., lnbox Consulting (Pvt.) Ltd., lnbox Corporation (Pvt.) Ltd., Sach International (Pvt.) Ltd., The Institute of Business Management (IOBM) and Unity Foods. He has also represented Sindh as an Independent Member on Private Power and Infrastructure Board (PPIB).

He holds a master’s degree and is also a fellow member of The Institute of Corporate Secretaries of Pakistan (FCIS). He is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG).

Date of Joining the Board: May 07, 2020

Other directorships held:

• Chairman, State Life Insurance Corporation
• Director, Lucky Motor Corporation Limited
• Director, Sindh Energy Holding Company (Pvt.) Limited
• Director, Aga Khan Cultural Services Pakistan

Mr. Hasham is presently JSCL’s Chief Financial Officer. He has been with JSCL since 2017 and during this tenure he worked on various roles and assumed varied responsibilities. Previously, Mr. Hasham had been associated with the Audit and Assurance department of Deloitte and worked in Pakistan and Qatar. During his association with Deloitte, his areas of experience were financial services, retail and aviation sectors.

Mr. Hasham has an overall experience of more than a decade in the fields of finance, taxation, auditing, internal control evaluation, and corporate affairs.

Mr. Hasham is an associate member of the Institute of Chartered Accountants of Pakistan (ICAP) and holds a Bachelor degree in Commerce from University of Karachi. He also has completed Corporate Governance Leadership Skills (CGLS) – Director Education Program from Pakistan Institute of Corporate Governance (PICG).

Date Joining the Board: May 07, 2020

Other directorships held:

• JS Infocom Limited
• Mahvash and Jahangir Siddiqui Foundation

Mr. Rizwan Ata is one of the Pioneers of Islamic Banking Industry in Pakistan. He has been associated with BankIslami since 2019 and has played an instrumental role in the exceptional growth that the Bank has achieved since then.

Prior to joining BankIslami, Mr. Rizwan Ata has served in several leadership roles in different local and international banks, such as, Group Head Islamic Banking at Bank Alfalah, Group Chief Islamic Banking at Allied Bank, Group Head Branch Network and SME at Meezan Bank as well as several leadership roles at Emirates Bank Int.

Along with a rich Banking Experience Mr. Rizwan Ata has a strong Academic Background, he holds a Master’s Degree from LUMS and other Leadership and Management certifications from INSEAD, ETHICA Institute of Islamic Finance and University of London. Mr. Rizwan Ata is also an Executive Committee member of IBA CEIF.

Date of Joining the Board: September 29, 2023

Other directorships held:

Director, Shakarganj Food Products Limited