Board of Directors

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

Badiuddin Akber

Chief Executive Officer

Badiuddin Akber

Mr. Badiuddin Akber was previously serving as the Chief Compliance and Risk Officer at CDC since June 2015 before being elevated to the position of Chief Executive Officer on January 01, 2019. He was also the nominated Chairman of the Oversight Committee formed by the Securities and Exchange Commission of Pakistan under Joint Inspection Regulations, 2015.
 
Mr. Akber has more than 20 years of diversified senior management experience in the fields of finance and operations. He has served in various renowned conglomerates in Pakistan as Head of Finance and Company Secretary. He has also served as the Chief Financial Officer and Chief Operating Officer at the National Clearing Company of Pakistan Limited.
 
Mr. Akber has demonstrated extensive expertise in the spheres of Financial Management, Clearing & Settlement, Risk Management, Operations, Product Development and Project Management in the Pakistan Capital Market. As Chief Operating Officer at NCCPL, he played an instrumental role in the implementation of various significant products, services and reform measures which include Revamping of Capital Gain Tax Regime, Unique Identification Number (UIN), Institutions’ Risk Management System, Straight Through Processing of Market Settlements and UIN Information System (UIS) and in the introduction of Leverage Products such as Margin Trading, Margin Financing and Securities Lending & Borrowing.
 
After completing his Bachelor’s Degree in Commerce from the University of Karachi, Mr. Akber attained various professional degrees in accounts and finance from prestigious national and international institutions. In addition to being a Fellow Member of the Institute of Cost & Management Accountants of Pakistan (FCMA), he also holds ACMA-CGMA (Chartered Global Management Accountants) qualification from the Chartered Institute of Management Accountants (CIMA – UK) and qualification of Chartered Professional Accountant (CPA, CMA – Ontario, Canada).
 
He has attended the Annual International Institute for Securities Market Growth and Development by the US Securities & Exchange Commission and various seminars and conferences in UK, India, Europe and Far-East countries on risk management, clearing & settlement and surveillance of capital market operations.