Board of Directors

Profile of the Board

Mr. Suleman Lalani, Chairman (Non-Executive Director)

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.

Other directorships held:

Chairman/Director, JS Investments Limited

Director, Al-Abbas Sugar Mills Limited

Director, TRG Pakistan Limited

Mr. Akhtar Abbas (Independent Director)

Mr. Akhtar Abbas is a highly competent lawyer and human rights activist. 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 Sharia and Common Law. He also has a Master’s 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 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 COMSATS University Islamabad and Bahria University Islamabad as a visiting faculty member. He also appears in TV shows as a legal & 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).

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 (Non-Executive Director)

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 manages a technology incubator to promote entrepreneurship and invests in early stage companies. He has also founded Sajjad Foundation, a private charitable foundation primarily devoted to education and health care projects in Singapore, Pakistan and other countries.

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

He was appointed as director of the BankIslami on April 29, 2011 and continues to hold directorship in the Bank.

Other directorships held:
Managing Director, SAJ Capital Management Limited

Ms. Iffat Zehra Mankani (Non-Executive Director)

Ms. Iffat is currently the Chief Executive Officer at JS Investments, with an impressive 23-year track record spanning leadership roles in asset management and valuation across premier organizations in Pakistan and Canada. She is known for her analytical prowess and innovative approach, excelling in strategic financial scrutiny, brand revitalization, and the development of successful investment strategies. She was associated with JSIL from 2004 to 2007 as the CIO and in a similar capacity later with BMA Funds from 2007 to 2012. Before returning to Pakistan, Iffat worked with the deals team at PwC Canada and led Canadian banks in their capital markets divisions.

During her tenures as Chief Investment Officer at JS Investments and BMA Asset Management, Ms. Mankani was pivotal in developing and implementing a structured asset and risk allocation process, resulting in consistently high performance for the managed funds. She has successfully launched innovative financial products and set new industry standards.

Prior to her current role, Ms. Mankani made notable contributions to the Deals Advisory team at PwC Canada, focusing on complex financial instruments and private debt valuations. Her experience in Canada also extends to risk management roles at major banks such as the Bank of Montreal and CIBC, where she led quantitative and trading risk oversight initiatives and managed significant regulatory projects.

She holds a Master of Finance from the Rotman School of Management (University of Toronto) and an MBA from the Institute of Business Administration.

Other directorships held:
Chief Executive Officer, JS Investments Limited

Mr. Haider Ali Hilaly (Independent Director)

Mr. Hilaly has been a principal investor in equities for 24 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 12 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.

Other directorships held:

CEO/Director, Ithaca Capital (Pvt) Limited
Director, Ithaca Capital Limited
Director, Ithaca Capital BV
CEO, Ithaca Capital Group
Director, BottleCo (Private) Limited
Director, Optimus Technology (Pvt) Limited
CEO & Director, Calcorp Limited
Director, Mobility Digital Holdings BV
Director, Bykea Technologies (Pvt) Limited
Director, Bykea Technologies BV
Director, Bykea Trade (Pvt) Limited
Director, Retail Holdings (Pvt) Limited
Director, Partners Resource Linked (Pvt) Limited
Director, Optimus Limited
Director, Athena Brands (Pvt) Limited
Director, Kidco Holdings Limited
Director, Partners Retail Holdings Limited
Director, Ravi Automobiles (Pvt) Limited
Director, Ravi Spherocast (Pvt) Limited

Mr. Sulaiman Sadruddin Mehdi (Independent Director)

Mr. Sulaiman is the Chairman of State Life Insurance Corporation.

Mr. Sulaiman is also Chairman – TPL Developments. He has served as CEO TPL – Developments from March 2022 – August 2023 and was leading all the development initiatives of USD 100mn TPL REIT Fund-I.

Before TPL, he has served as CEO Cyan Limited, formerly Central Insurance Company Limited (CICL). In 2011, 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. 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, 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 Sind Energy Holding Company Pvt Ltd., BankIslami Pakistan Ltd. 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), Inbox Business Technologies (Pvt.) Ltd., Inbox Consulting (Pvt.) Ltd., Inbox 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).

Other directorships held:
Chairman, State Life Insurance Corporation
Chairman, TPL Developments (Pvt.) Limited
Director, Sindh Energy Holding Co. Limited
Director, Aga Khan Cultural Services Pakistan

Mr. Syed Ali Hasham (Non-Executive Director)

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).

Other Directorships held:
JS Infocom Limited
JS Engineering Investments 1 (Private) Limited
Mahvash and Jahangir Siddiqui Foundation

Mr. Rizwan Ata, President & Chief Executive Officer

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 and University of London.

Other directorships held:
Director, Shakarganj Food Products Limited