News

In a recent decision by the Board of Directors of ABAMCO Limited, Mr. Muhammad Najam Ali has been appointed the new Chief Executive of the company, after the resignation of Mr. Habib-ur Rahman, who served as both the Chairman & the CEO. Mr. Munawar Alam Siddiqui is the new Chairman of the company.

Mr. Najam Ali is a graduate in Economics from the University of Michigan, Ann Arbor, USA. He is also a qualified Chartered Accountant and holds memberships of the Institute of Chartered Accountants in England & Wales and the Institute of Chartered Accountants of Ontario, Canada.

Prior to his appointment, he was the Executive Director and Head of the Non-Banking Finance Companies Department, where he was involved in regulation, monitoring and enforcement of Mutual Funds, Leasing, Housing Finance, Investment Banking, Venture Capital & Discount Houses.

Prior to his appointment in the SECP, he served as CEO of the Central Depository Company for 6 1/2 years and led the development of the National Clearing & Settlement System and launched the Investor Account and Trustee Services at the CDC. He has also served as a director to the National Clearing Company of Pakistan Limited and the Karachi Stock Exchange (Guarantee) Limited.

His other assignments included the his engagement as the Group Financial Controller and Head of Operations in addition to the Head of Money & Capital Market  at the Fidelity Investment Bank. He has also worked with the Robson Rhodes, Chartered Accountants, a member firm of the RSM Group in the UK, as a chartered accountant.

Mr. Munawar Alam Siddiqui is a pilot, recently retired from the Pakistan Air Force. He was commissioned in the GD(P) Branch of the Pakistan Air Force in October 1974. 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 August 1998 and commanded an Operational PAF Base from December 2000 to December 2002.

He retired as an Air Commodore from the Pakistan Air Force in October 2003, having served last as the Assistant Chief of Air Staff (Administration) at the Pakistan Air Force Headquarters. For his meritorious services to the PAF, he was awarded Tamgha-e-Imtiaz (Military) and Sitara-e-Imtiaz (Military).

An alumna of National Defence College, he holds two Graduate and two Post-Graduate Degrees in Science from various universities in Pakistan. 

Currently, he is serving as Director, Principal Investments at the Jahangir Siddiqui Group, in addition to being a Director at the Jahangir Siddiqui Investment Bank Limited, BSJS Balanced Fund Limited & Al Abbas Sugar Mills Limited.