Board of Directors

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

Moin M. Fudda

Director

Moin M. Fudda

Mr. Moin M. Fudda has over 40 years of rich and unique blend of professional experience which encompasses working for the corporate sector and performing diplomatic duties. He holds MBA (Insurance & Risk Management) from St. Jones University, New York, and B.S. (Insurance & Economics) from R.C.D. College of Insurance, Tehran. In his former role as Managing Director of Karachi Stock Exchange or “KSE” (now Pakistan Stock Exchange Limited or “PSX”), he helped in formation of Pakistan Institute of Corporate Governance (PICG). He is a Certified Corporate Governance Trainer by International Finance Corporation (IFC) since 2010 and is a Member of Faculty as well Nominee Director of PSX on the Board of PICG.

Since 1990, he has been serving as the Honorary Consul General of New Zealand for Pakistan. Besides, he is a Country Representative for SCOR – A Global Tier-1 Reinsurer. He is a Member of Board of Directors of Karachi Council on Foreign Relations and a Member, Executive Committee of English Speaking Union of Pakistan. Moreover, since 2003, he continues to serve as Chairman and/or member of various Alternate Dispute Resolution Committees (ADRC) formed by the Federal Board of Revenue.

He worked for American Internationals Group (AIG) in its head office and as an Adjunct Assistant Professor at The College of Insurance in New York. He has been the Executive Director – Reinsurance, Pakistan Insurance Corporation; Country Chief of New Zealand Insurance and Commercial Union (now AVIVA) and founder Managing Director of Commercial Union Life (now Jubilee Life Insurance). He has served on Technical Committees of Economic Cooperation Organization (ECO) Reinsurance Pool and Federation of Afro Asian Insurers and Reinsurers Pool (FAIR).

He was nominee Director of Management Association of Pakistan (MAP) on the Board of the then KSE in 1999-2000 and thereafter as its Managing Director from 2002 to 2005. During the same period, on behalf of KSE, he was nominated and elected as the Chairman of the Board of National Clearing Company of Pakistan Limited, Chairman of the Audit Committee of the Board of Central Depository Company of Pakistan and a founding Managing Director of the National Commodity Exchange (now Pakistan Mercantile Exchange Limited). He represented KSE at South Asian Federation of Exchanges (SAFE), and Chaired the Corporate Governance Task Force of the Federation of European & Asian Stock Exchanges (FEAS).

From September 2005 till January 2016, he remained Country Director of Center for International Private Enterprise (CIPE) Pakistan. From, February 2015 to December 2015 as a Nominee Director of SECP, Mr. Fudda also served as Chairman of the Board of former Islamabad Stock Exchange Limited and helped in integration of the three Stock Exchanges. Earlier he held other prominent positions such as Presidents of the Overseas Investors Chamber of Commerce & Industry (OICCI), Management Association of Pakistan (MAP), and the Karachi Boat Club. He has also been a Founding Director of National Center for Disputes Resolution (NCDR formerly KCDR), a Board Member of Privatization Commission and Board of Investment (Government of Pakistan), Pakistan Institute of Management (PIM), Federation of Pakistan Chamber of Commerce & Industry (FPCC&I) and Pakistan Britain Business Advisory Group He was appointed as Member of the Committees on Anti-Money Laundering and Transfer Pricing by SECP and a member of National Policy Platform for Competitiveness & Economic Growth by Ministry of Economic Affairs, He was a Member of the Task Force formed in 2009 to review Code of Corporate Governance. He advocated for development of Rules of Corporate Governance for Public Sector Enterprises (PSEs) and as an active member of Task force formed by Ministry of Finance, he ensured enactment of these rules. Mr. Fudda also remained an Independent Director & Chairman of the Audit Committee at Wyeth Pakistan Limited.

Mr. Fudda’s achievements have been recognized through various accolades bestowed upon him. In 2006, Mr. Fudda was awarded Sitara-e-Imtiaz (S.I.) conferred by the President of Pakistan. In 2002, he was recognised as the Honorary Officer of the New Zealand Order of Merit (ONZM) and in 1990, NZ Commemoration Medal was conferred by the Queen of New Zealand. In the year 1989, Mr. Fudda was awarded the Best Managers Award by Institute of Business Administration (IBA), Karachi.

He is a nominee Director of SECP on the Board of PSX and is a member of Regulatory Affairs Committee, Audit Committee, Human Resources & Remuneration Committee, Voluntary De-listing Committee and Listing Committee of the Board.

Other Directorships and Offices:

  • Independent Director, Al-Meezan Investment Management Limited.
  • Nominee Director of PSX, Central Depository Company of Pakistan Limited (CDC) & Chairman of Audit Committee.
  • Nominee Director of PSX, Pakistan Institute of Corporate Governance (PICG).
  • Nominee Director of CDC, ITMinds Limited.