Board of Directors

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

Abid Ali Habib

Director

Abid Ali Habib

Mr. Abid Ali Habib has served as the Chairman and Chief Executive of Abid Ali Habib Securities (Private) Limited and former Director of Aba Ali Habib Securities (Private) Limited, the corporate TREC-holders of Pakistan Stock Exchange Limited (PSX) and Pakistan Mercantile Exchange Limited (PMEX).

Mr. Habib was a prominent member of brokers’ community at PSX and had always rendered valuable contribution towards the betterment and growth of the Exchange. In the past, he has served as Director of former Karachi Stock Exchange (now PSX) for various terms between the years 1995 and 2012. During these terms, he has been a part of various Committees constituted by the Board, as Chairman or member. He played the central role in conceptualization, planning and design of internet-based order routing system and also supervised, implemented and tested Karachi Automated Trading System.

As member of Demutualization Committee of KSE during the years 2005, 2006 and 2010, Mr. Habib was the key figure in preparation of Preliminary Report on proposed demutualization of KSE, identifying various issues and recommendations thereon, in line with existing models and international practices. Ultimately, the objectives of corporatization and demutualization were achieved in 2012.

Mr. Habib held the position of Chairman, Companies Affairs/Corporate Governance Committee of KSE for the years 2010 and 2011. During this term, a number of tasks were initiated and successfully completed, having positive impact on overall regulatory environment of the Exchange. Some of the major achievements included (i) various amendments in Listing Regulations; (ii) action against delinquent/non-performing companies in violation of Listing Regulations; (iii) revision of annual listing fee; (iv) mechanism for verification of rumor mongering in the market pertaining to listed companies/securities; (v) implementation of revised Code of Corporate Governance; (vi) measures for disclosure of information to market participants/investors pertaining to sale/purchase of securities by any director, CEO or executive or their spouses; and (vii) revision of criteria for selection of Top Companies.

Presently, Mr. Habib is Chairman of Trading and Commercial Affairs Committee and also a member of Voluntary De-listing Committee, Investment Committee, Listing Committee and Market Development & New Products Committee of PSX’s Board besides being a member of Divestment Committee. At Central Depository Company of Pakistan Limited, he is nominated as Director by PSX’s Board.