Board of Directors

Central Depository Company of Pakistan Limited (CDC) is the only depository in Pakistan

Aftab Ahmed Diwan

Chief Executive Officer

Aftab Ahmed Diwan

Mr. Aftab Ahmed Diwan joined CDC in 1999 and is currently serving as the Chief Executive Officer. He has previously served as the Chief Operating Officer from 2004 to 2016 and Head of Operations from 1999 to 2004.

Mr. Diwan is a seasoned professional in the field of Securities Market. He started his career with Citibank in 1981. During his long tenure with the bank, he had varied exposure in different operational and business areas, which also included offshore assignments. He served Citibank Romania as Securities Business Manager looking after both business and operational activities and Citibank, United Kingdom as part of the project team for Securities related Cash Exception Project.

He has represented CDC and the Pakistan Capital Market on various international forums. He currently serves as the Vice Chairman of the Executive Committee of the Asia-Pacific Central Securities Depositories Group (ACG) for a three year term. As Vice Chairman of ACG Executive Committee, he also represents the Asia Pacific region on the Executive Board of the World Forum of CSDs (WFC), the global body of five regional Securities Depositories associations. Moreover, he also represents CDC on other international forums such as Association of National Numbering Agencies (ANNA) and International Securities Services Association (ISSA).

Mr. Diwan also spearheaded the creation, design and implementation of various projects to support Capital Market of Pakistan including the National Clearing and Settlement Services project. He is also serving as a Director on the Board of Institute of Financial Market of Pakistan (formerly Institute of Capital Markets), and ITMinds Limited (a wholly owned subsidiary of CDC). He has also been a part of a number of committees related to Capital Market development. Mr. Diwan also served as the Chairman of the Consultative Group on Capital Markets, formed by the Securities and Exchange Commission of Pakistan from May 2009 to September 2010.

He is also a certified director from Pakistan Institute of Corporate Governance.