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Farid Ahmed Khan Takes Charge as new CEO of FINCA Microfinance Bank

Our Special Correspondent

Lahore: Farid Ahmed Khan, a prominent corporate leader, fund manager and investment banker, has been appointed the new Chief Executive Officer (CEO) of the Bank by FINCA Pakistan’s Board of Directors.

This was announced by Zarlasht Wardak, Chair of Pakistan’s board and
Regional Director FINCA Impact Finance (FIF), MESA region.

With extensive local and international exposure, Mr. Farid Ahmed Khan
is a seasoned financial services veteran, who brings with himself, 25
years of global experience in financial services including Fund
Management, Investment Banking, Investment Research and Sales,
Business Development & Project Finance.

Until recently, Farid was the CEO HBL Asset Management; the fund
management arm of Habib Bank. He is also the Chairman of the Mutual
Funds Association of Pakistan. Before HBL, Farid served as the CEO of
ABL AMC for over six years and was also the founding CEO of MCB Asset
Management. Prior to that, he worked for MCB Bank as Head of
Investment Banking Group.

Zar Wardak, commented on the occasion, “FINCA Microfinance Bank has proudly served the people of Pakistan with responsible financial
products and services for more than 6 years. With the appointment of
Mr. Farid Ahmed Khan, who brings a wealth of experience to this role,
I am confident the team will continue to grow and fulfill FINCA’s
mission to expand financial inclusion.”

Apart from the diverse local work experience, Farid has also worked in
a variety of senior positions at reputable organizations outside
Pakistan, including Credit Suisse, Morgan Stanley and CLSA Emerging
Markets in Singapore, Kuala Lumpur, London and Istanbul. Moreover, he
has also served on the board of FINCA Microfinance Bank and its
various committees. He has also served on the boards of NADRA
Authority, CFA Society Pakistan and has been a member of the Corporate
Leaders Advisory Board of IBA, Karachi. Farid holds an MBA in Finance
from the Institute of Business Administration, Karachi and got his CFA
qualification in 1998. He is a regular speaker at business forums and
an avid reader.

On this occasion, Farid Ahmed Khan stated, “I’ve long admired FINCA
Pakistan from my position on its board, for its passion and zeal in
serving the country’s unbanked population. I am excited to be a part
of a team that has, in the past 10 years, seen tremendous growth in
reach and innovation. I’m setting high benchmarks for myself to grow
it even further and am looking forward to serving the organization and
in turn my country”.

Mr. Farid will join the bank from September 16 as executive director
for smooth transition and his effective date as CEO will be 1st
November 2019 subject to regulatory approvals.

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