Business Desk 
Nov 05, 2024
The Pakistan Stock Exchange (PSX) appointed Farrukh H Sabzwari as its Chief Executive Officer (CEO) on Tuesday for a three-year term following approval grants from the Securities and Exchange Commission of Pakistan (SECP).
"Following our previous announcement dated August 29, 2024, please be informed that upon the recommendation of the Board of Directors of PSX, the SECP has approved the appointment of Farrukh H Sabzwari as the CEO of PSX for a period of three years, in terms of the Securities Exchanges (Licensing and Operations) Regulations, 2016," read the notice posted on the PSX website.
Farrukh H Sabzwari appointed CEO of PSX for three years
With over two decades of experience in senior management within the investment banking industry under his belt, Sabzwari is set to assume his office as CEO of PSX on November 18, 2024.
The veteran investment banker holds on his portfolio former positions of CEO and MD of KASB Securities and BMA Capital while having also served as the Country Head for CLSA Emerging Markets in Pakistan.
Being an MBA from IBA Karachi from December 1992 cohort, Sabzwari possesses capital market certifications from various jurisdictions, including Singapore, Indonesia, and New York, USA.
Sabzwari takes over the prestigious position of PSX CEO from his predecessor, Farrukh H Khan, who resigned from the position of CEO of PSX in July to "pursue other opportunities" around a year and a half ahead of his tenure's end.
It should be noted that the PSX launched the IPO window after a year and a half, introduced the Growth Enterprise Market (GEM) Board, and signed and activated debt market makers during Khan's tenure.
It should be noted that the PSX launched the IPO window after a year and a half, introduced the Growth Enterprise Market (GEM) Board, and signed and activated debt market makers during the Imran Khan-led government, whose resignation was followed by the appointment of Nadeem Naqvi as interim CEO by PSX Board of Directors in August.
