Board of Directors

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

Shahid Ghaffar


Shahid Ghaffar

Mr. Shahid Ghaffar is the Managing Director of National Investment Trust Limited (NITL). Prior to joining NIT, he was working as Head of Investor Relations and Corporate Representation as well as member of Management Forum at Habib Bank Limited (HBL). He has also served as Chief Executive Officer of HBL Asset Management Limited for over six years.

Mr. Ghaffar has held key positions in the areas of asset management, capital market regulation and governance. At Securities And Exchange Commission of Pakistan (SECP), he served as Executive Director/Commissioner from 2000 to 2005 and played a vital role towards implementation of wide ranging reforms in the Capital Market and capacity building of Securities Market Division. While working as Managing Director/CEO Karachi Stock Exchange during his two years’ tenure (1998-2000) he introduced effective risk management measures and was also instrumental in the automation of trading and enhancing capacity building of the Exchange.

During the period 1977-1998, Mr. Ghaffar served NITL in different capacities in the Asset Management Division and at various stages; he was responsible for managing equity market portfolio, debt/fixed income portfolio and the trading desk. In 1996, Mr. Ghaffar was entrusted with the responsibility of Asset Management Division. He actively participated in the reconstruction of NIT during the crisis period i.e. 1996-1998.

Mr. Ghaffar holds a Masters Degree in Business Administration from Gomal University – K.P.K, Pakistan. He has attended several courses on Securities Regulations and Securities Markets Development and Portfolio Management including the prestigious course conducted by Securities and Exchange Commission, in Washington, D.C. (USA)