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of Directors

Mr. Adil Matcheswala is the CEO and founding Director of Speed (Private) Limited, a retail and distribution company that is incorporated in Pakistan. The Company’s portfolio includes numerous leading International brands such as Nike, Adidas, Under Armour, Puma, Birkenstock, Tag Heuer, Charles & Keith, Pedro, and Timex.

He started his professional career in the financial services industry in 1992 and was the Head of the Equity Sales Division of Jahangir Siddiqui & Co. Ltd. (formerly Bear Stearns Jahangir Siddiqui Limited).

He has previously served as the Chairman of the Board and Chairman of the Audit Committee of JS Global Capital Ltd. as well as a Director of JS Value Fund.

He has served on the Board of JS Bank Limited since 2012.

Mr. Matcheswala graduated from Brown University with an A.B. in Economics.

Directorships in Other Companies:
Speed (Private) Limited
Service Industries Limited
Syed Mumtaz Ali Shah retired as the Chief Secretary of Sindh in March 2022. He previously served as the Maritime Secretary of Pakistan. Shah has also briefly tenured as the Federal Secretary for the Ministry of Religious Affairs. Prior to his elevation to Grade 22 in 2017, Mr. Shah served in many positions in the Government of Sindh. Positions he held in Sindh include Home Secretary, the coveted position of Chairman Enquiries & Anti-Corruption Establishment, Secretary Works and Services, Secretary Information Department, Secretary General Administration, and Secretary Population Welfare. At the beginning of his career, he served as Assistant Commissioner Multan and Dera Ghazi Khan in Punjab. He has also previously served as Deputy Commissioner and District Coordination Officer (DCO) in Thatta, Umerkot, Badin and Mirpurkhas districts in Sindh, and Nasirabad district in Balochistan.

Beyond his extensive service in the public sector, Syed Mumtaz Ali Shah's career is marked by a noteworthy tenure in public sector corporate governance. His leadership journey began with his role as Managing Director at the Sindh Small Industries Corporation, where from 1994 to 1997, he spearheaded initiatives fostering industrial growth. In 2012, as the CEO/Executive Director of National Insurance Co. Ltd., he steered the company through complex insurance landscapes with acumen. His strategic vision was further exemplified during his tenure as Chairman of the Export Processing Zones Authority, where he played a crucial role in enhancing Pakistan's export capabilities. Subsequently, his leadership as Chairman of Karachi Port Trust (KPT) from 2017 to 2018 was pivotal in strategically enhancing maritime operations. These roles collectively underline his exceptional ability to lead and transform major public sector organizations, demonstrating a deep commitment to enhancing their strategic direction and operational efficacy.

In terms of global experience, Syed Mumtaz Ali Shah has undertaken multiple missions, notably leading a high-level maritime delegation to the Netherlands, focused on enhancing maritime business relations with Dutch public and private companies. Additionally, Mr. Syed Mumtaz Ali Shah represented the Government of Pakistan at the International Maritime Organization (IMO), a specialized agency of the United Nations, in London. In this capacity, he played a vital role in establishing key diplomatic relationships and partnerships. His international engagement also included leading a delegation to the International Maritime Conference in Shanghai, China, where he was pivotal in fostering collaborations and contributing to maritime trade discussions.

Syed Mumtaz Ali Shah has actively pursued professional development through prestigious training programs both in Pakistan and internationally. His completed programs include:

  • Leadership Training Course at Harvard University, Cambridge, USA
  • International Training Course at the Department of Corrections, Colorado, USA
  • Total Quality Management Training Course in Sweden
  • Corporate Governance Leadership Skills (CGLS) - Director Education Program by PICG

Syed Mumtaz Ali Shah holds a master’s degree in English and Economics.

Directorships in Other Companies:
Lt. Gen. (R) Sadiq Ali, was commissioned in the Pakistan Army on March 16, 1984. He is a graduate of the Turkish War Academy, Istanbul, and NDU, Islamabad. During his career, Mr. Sadiq Ali held several Operational Staff and Instructional appointments. He has commanded an Armored Regiment, an Infantry & Armored Brigade, Armored & Infantry Division, Commandant PMA Kakul, 4 Corps at Lahore, and POF Wah. He served as Secretary Defense Production from March 2020 to March 2022.

Directorships in Other Companies:
- Zameen REIT Management Company Limited
Mr. Basir Shamsie is the President & CEO of JS Bank Limited.

Mr. Shamsie joined Bear Stearns Jahangir Siddiqui & Co. (now Jahangir Siddiqui & Co. Ltd.) in 1994 in the Money and Bond Markets business. His expertise are in Treasury and Investment Banking and he is credited with over 60 capital market deals, many of which have been landmark transactions in Pakistan.

He was part of the core team responsible for the acquisition of American Express Bank’s Pakistan operations in 2006 and its merger into JS Bank. Mr. Shamsie has since been associated with JS Bank in various senior roles including Group Head Treasury, Wholesale & International Banking which he held till May 2017. His last assignment was as Deputy CEO of JS Bank till July 2018.

Previously, he has also served as Chairman of JS Investments Limited and JS Global Capital Limited and as Director of JS Bank Limited.

Mr. Shamsie received his Bachelors in Business Administration from the University of Texas at Austin. He has also completed the Program for Leadership Development from Harvard Business School.

Directorships in other companies:
Mr. Usman Yousaf Mobin was Chairman of NADRA from February 2015 to February 2021. Mr. Usman an MIT graduate is the youngest ever Head of any leading Pakistani organization. He studied at the prestigious Massachusetts Institute of Technology (MIT) and has a master’s degree in Electrical Engineering and Computers Science as well as a bachelor’s degree in the same subject, Mr. Usman has completed many complicated national and international IT projects which have turned around not only NADRA, but also revolutionized the functioning of many other organizations.

Mr. Usman graduated with a cumulative GPA of 5.0/5.0 in 2002. Before MIT, he graduated from Atchison College with the best A-level grades in the world and won the President’s Medal for best student in his class every year for 12 consecutive years.

In recognition of his services, Mr. Usman has been awarded numerous awards including Tamgha-e-Imtiaz in Public Service by the President of Pakistan in 2008. Mr. Usman Mobin has designed and implemented numerous international projects including the Citizens’ Registration Project in Sri Lanka, Identity Management of Sri Lanka, Civil Registration of Sudan, Machine Readable Passports of Kenya, and Driver’s License of Bangladesh.

In Pakistan, he has deployed the National Identity Card System, Civil Registration System, Smart Card, and software for the Benazir Income Support Programme, Watan Cards, Citizens Damage Compensation Program, Arms License Projects, and the world’s first-ever ICAO-compliant multi-biometric passports.

Mr. Usman brings 12 years of experience in delivering high-quality citizen registration and citizen services projects around the world and has been the CTO of the organization since 2002.

Directorships in Other Companies:
Aploi (Pvt) Ltd
Ms. Nargis Ghaloo is a retired senior civil servant having served the Government of Pakistan in various capacities for 36 years. She retired as the Managing Director of the Public Procurement Regulatory Authority, Government of Pakistan.

Ms. Ghaloo was Chairperson of State Life Insurance Corporation of Pakistan, Pakistan’s largest life assurer, from 2014 to 2016.

Ms. Ghaloo joined the Civil Services of Pakistan in 1982 and has many years of professional experience serving in senior management positions with provincial as well as federal government departments in diversified fields such as public sector management, administration, financial, judicial, health, insurance, and planning. Ms. Ghaloo did her Master's in English from the University of Sindh in 1981 and is a certified Director from The Pakistan Institute of Corporate Governance (PICG) and holds a certificate of Corporate Governance from INSEAD and also holds a certificate in Company Direction from the Institute of Directors, UK. Ms. Ghaloo has served on the Board of JS Bank since 2016.

Directorships in Other Companies:
- Hinopak Motors Limited
- Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (Member Board of Governors)
Mr. Khalilullah Shaikh is a Fellow Chartered Accountant and Chartered Certified Accountant. He qualified from the Institute of Chartered Accountants of Pakistan (ICAP) by setting a new record of winning ‘5 Gold Medals in one sitting’ in the history of ICAP.

He has attended various local and international professional development programs, including the International Leadership Development Program at NUS, Singapore.

In his effort to contribute back to society, he served as an elected Council member of ICAP for 8 years. He has the honor of serving as the Youngest President of ICAP during 2019-20. Mr. Shaikh has contributed to the accountancy profession regionally and globally as a Board member of the South Asian Federation of Accountants (SAFA) and as a member of the Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC). He is currently representing Pakistan as a Board Member at the global board of IFAC.

Mr. Shaikh is a high-energy, performance-focused Leader with a proven track record of serving at Senior Leadership positions. He is currently serving as Independent Director and Chairman Audit Committee: - Alfalah GHP Investment Management Limited - Dow University of Health Sciences

He also serves as the Chair of ICAP-IBA Research Unit

Positions held during his career:
  • Pakistan International Airlines: Chief Financial Officer 2019 – Sept 2021
  • K-Electric Limited: 2007 – 2019
    • Director Finance & Business Administration
    • Head of Supply Chain
    • Chief Internal Auditor & Secretary BAC
  • Shell Group: Head of Treasury & MIS, 2005-2007
  • A. F. Ferguson & Co. Assurance and Business Advisory Services: 2000 to 2005
Human Capital development is Mr. Shaikh’s passion. He has taught Strategic Financial Management courses to CA and ACCA professionals for many years. His Student Alumni include over 2,500 CAs working across the globe. He speaks regularly at conferences and seminars in Pakistan and abroad..

Directorships in other companies in Pakistan:

  • Alfalah Asset Management Limited
  • Gratus Solutions (Private) Limited
  • Gratus Consultants (Private) Limited

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