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Engagement Profile
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| Securities Exchange Commission Pakistan – Asian Development Bank Nature: Corporate Debt Securities Valuation Framework Duration: 5 months – 2011 Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market. |
| GSK Benefit Funds
Nature: Investment Advisory Duration: 12 months – July 2010 June 2011 Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market. |
| InvestBank Limited
Nature: Investment and Risk Advisory desk Duration: 12 months – 2010 Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market. |
| Wateen Telecom
Nature: Cross Currency Swap Valuation Duration: 2 months – 2010 Description: Opinion on valuation of Cross Currency Swap Portfolio. |
| Tameer Microfinance Bank
Nature: Consumer Credit Duration: 3 months – 2010 Description: Review of micro-finance related consumer credit portfolio. |
| Warid Telecom
Nature: Cross Currency Swap Valuation Duration: 2 months, 2009, 2010, 2011 Description: Opinion on valuation of Cross Currency Swap Portfolio. |
| Pakistan Oman Investment (Pvt.) Ltd.
Nature: Advisory Duration: 2 months, 2009 Description: Creation of ICAAP Policy and preparation of first ICAAP report for submission to regulator. |
| Pakistan Kuwait Investments (Pvt.) Ltd.
Nature: Advisory Duration: 2 months, 2009 Description: Creation of risk policy and preparation of risk management manuals for submission and approval by the Board. |
| United Bank Limited (UBL – second largest bank in Pakistan) Nature: Advisory Duration: 2 months, 2009 Description: Opinion on valuation of Cross Currency Swap Portfolio. |
| KASB Bank
(800 million dollars in assets) Nature: Treasury Platform Duration: Current Description: Treasury Front Office, Middle Office and Back Office for Money Market, Foreign Exchange Markets and Capital Markets. |
| Faysal Bank
Nature: Advisory Duration: 2 months, October, November 2008 Description: Advisor to Faysal Bank’s on launching of put option on 7 public sector enterprises listed on the Karachi Stock Exchange on behalf of SECP, Ministry of Finance and KSE. |
| Emirates Global Islamic Bank
Nature: Advisory Duration: 4 months, 2008 Description: Review of probability of default calculations, and credit portfolio analysis. |
| KASB Capital
Nature: Risk Management Implementation Duration: 2008 – current Description: Implementation of Alchemy Risk Manager modules for Market Risk Management. |
| Dawood Family Takaful Limited (2nd Islamic Life Insurance Company in Pakistan) Nature: Actuarial Advisory Duration: 2007-2008 Description: Appointed Actuary. Responsible for product pricing, regulatory review, licensing application and re-insurance. |
| Asiacare Life and Health Insurance (a subsidiary of Galleon funds, NY) Nature: Actuarial and Investment Advisory Duration: 2008 Description: Appointed Actuary. Responsible for product pricing, regulatory review and licensing application. |
| Karachi Stock Exchange
Nature: Valuation of Investor and Clearing House Protection Fund Duration: 2008 – 2009 Description: Using a VaR based valuation approach for valuation of expected and catastrophic losses on the Exchange and their impact on investors and the clearing house protection funds. |
| MyBank
Nature: Basel II – Implementation and Advisory Duration: 2007-2009 Description: Implementation of Alchemy Risk Manager modules for:
Probability of Default (PD) modeling, mapping |
| First Dawood Islamic Bank
Nature: Basel II – Implementation and Advisory Duration: 2007 – Current Description: Implementation of data capture, reconciliation process and analysis using Alchemy Risk Manager modules for:
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| Karachi Stock Exchange
Nature: Advisory Duration: November 2006 – June 2007 Description: Review and audit of Value at Risk based Margin requirements specified by the Securities and Exchange Commission Pakistan. |
| KASB Bank
(800 million dollars in assets) Nature: Basel II – Implementation and Advisory Duration: November 2006 – Current Description: Implementation of data capture, reconciliation process and analysis using Alchemy Risk Manager modules for:
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| CresBank / SAMBA (300 million dollars in assets) Nature: Basel II – Implementation and Advisory services Duration: March 2006 – Current Description: Implementation of Alchemy Risk Manager modules for:
Probability of Default (PD) modeling, mapping and validation against external benchmark. |
| Union Bank (200 million dollars in assets) Nature: Basel II – Implementation and Advisory services Duration: August 2005 – Description: Implementation of Alchemy Risk Manager and integration with treasury application and core banking solution for:
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| MCB (5 billion dollars in assets) Nature: Market Risk – Implementation and Advisory services Duration: May 2005 – June 2008 Description: Implementation of Alchemy Risk Manager, integration with treasury application and gap analysis for the central bank’s derivative business guidelines. Formulation of market risk policies for derivative business. |
| State Life Insurance Corporation of Pakistan (3 billion dollars in assets under management) Nature: Advisory services Duration: April 2005 – June 2008 Description: Contingent liability valuation, financial reporting, portfolio management, value at risk and asset liability management profiling for a 400 plus active positions in equities and fixed income portfolio in the domestic market. The mandate also includes review of the above parameters for SLIC’s portfolio in UAE, Saudi Arabia and Kuwait. |
| InvestCapital
Nature: Advisory services Duration: October 2006-July 2009 Description: M&A advisory services on Basel II profiles and impact analysis for selected acquisition targets. Pricing and modeling assistance in launch of a zero coupon based savings and investment product. |
| Askari Bank (3 billion dollars in assets) Nature: Advisory services Duration: November – December 2006 Description: Model audit and validation for Market Risk and Basel II capital charge calculations. |
| Union Bank
Nature: Advisory services Duration: April – Description: Gap Analysis for Market Risk and Derivative desk. |
| Pakistan Kuwait Investments
Nature: Advisory services Duration: Jan – Description: Gap Analysis for Treasury, Market Risk and Derivative desk. |
| Dubai International Financial City (DIFC)
Nature: Advisory services Duration: January 2003 Description: Review of capital adequacy rules for DIFC. Subcontracted work from E&Y Australia and Karachi. |
| Trainings & workshops
Nature: Training Duration: Aug 2003 – Description: 90 plus interactive workshops on Enterprise risk, Interest rate Models, Derivative pricing, Basel II and Portfolio optimization. Trained more than 1500 treasury, corporate and risk professionals in Karachi, Lahore, Dubai, Riyadh and Bangkok. Workshops conducted for Financial Market Association (Treasury), State Bank of Pakistan, Pakistan Bank Associations, Riyad Bank, Dubai Islamic Bank, Wealth Management and other regional customers. |
