Board of Directors

Mr. Zafar Masud President & CEO
Mr. Mujahid Sherdil Director
Dr. Muhammad Amjad Saqib Director
Syed Ghazanfar Abbas Jillani Director
Mr. Mohammad Mudassir Amray Director
Mr. Asif Reza Sana Director
Mr. Muhammad Naeem Khan Director
Mr. Kamran Hafeez Secretary to the Board


Zafar Masud is a seasoned banker and entrepreneur, focus on Development Finance, with 27 years of proven track record of success and delivery. Served at top positions for multinational banks in Pakistan and abroad, including Regional Managing Director & CEO for Southern Africa, Barclays Bank plc. - responsible for three countries and represented on Board of Directors, managing total balance sheet size of US$3Bn and around 10,000 people. Worked at senior levels in Citibank, Dubai Islamic Bank and American Express Bank.

Before that until August 2018, worked as Director General, National Savings,Ministry of Finance. Initiated digitization of organization, including online banking and ATM Cards with the support of Gates Foundation, DfID and World Bank. Successfully included Persons with Disabilities and Shuhadah Families in welfare products of National Savings and set in motion launch of Overseas Pakistanis Savings Certificates.

Most recently, was working as CEO (Interim) for InfraZamin Pakistan - a DfID,UK driven initiative - a first of its kind credit enhancement company for social infrastructure financing in Pakistan.

Has extensive experience of working at Board of Directors level for major public and private sector entities including State Bank of Pakistan , Member of Independent Monitory Policy Committee, Oil & Gas Development Company Limited, Port Qasim Authority, Quaid-e-Azam Thermal Power(Private) Limited and Gadoon Textile Mills Limited.

Member of IMF motivated Task Force on Framing SOE Law, set-up by the Ministry of Finance.

Regular contributor to the local media on the topics of finance, economics and energy.


Dr. Muhammad Amjad Saqib is a prominent social worker, highly sought consultant, and a distinguished literary figure of our country. He graduated from King Edward Medical College Lahore and joined civil service of Pakistan (DMG) in 1985. While moving towards higher echelons in his dynamic career, he resigned in 2003 with an intent to dedicate himself to become a social entrepreneur and bring about paradigm shift in the society by founding a unique and largest interest free microfinance organization- “Akhuwat” wherein he is Founding chairman/Executive Director. Akhuwat being envisioned with a commitment for a poverty free society had disbursed over $207 million on various initiatives. Besides supporting the Chief Minister Punjab, as Advisor on Poverty Alleviation and Social Development, he renders honorary services for many Civil Society Organizations and NGOs.

He has been awarded “Life Time Achievement Award, 2014” by Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters on 29th October 2014 at Dubai. The President of Pakistan awarded him “Sitara-a-Imtiaz” in 2010 on account of his contributions made for social development and poverty alleviation.


Syed Ghazanfar Abbas Jilani joined Pakistan Audit and Accounts Service in 1984 and retired as Federal Secretary, Economic Affairs Division, Ministry of Finance in 2018. During his long and distinguished career he has held various senior positions in the Government and has diversified professional experience to his credit.

He remained posted in Pakistan and USA in various capacities having close interactions with donors like the World Bank, Asian Development Bank, Islamic Development Bank, Asian Infrastructure Investment Bank, United Nations Development Program, European Union and Bilateral Economic Development Partners.

He was on the Board of Directors of Pak-Arab Refinery Company, Pakistan International Airlines Company, Sui Southern Gas Company Limited, Government Holding Private Limited, National Highway Authority, National Engineering Services Pakistan, Pakistan Television and Islamabad Electric Supply Company.

His international exposure comprises as first Secretary in Pakistan’s Mission to United Nations, delegate to the UN General Assembly and the focal person for Plenary Session to General Assembly. He held various positions as nominee of the Government of Pakistan i.e. i) Alternate Governor of the World Bank, Washington DC, ii) Alternate Governor of Asian Development Bank, Manila, iii) Asian Infrastructure Investment Bank, Beijing, iv) Alternate Governor and Director of Islamic Development Bank and member of Finance Committee, v) Director Pak-China Investment Company Limited and was Chairman of its Finance Committee.

He was leader of Pakistan’s delegation to the Annual meeting of the Islamic Development Bank in Tunisia (2018), Asian Development Bank in Manila, Philippines (2018) and Asian Infrastructure Investment Bank at Mumbai, India (2018). Attended World Bank/IMF Spring Meeting in Washington DC and Annual Meetings of the World Bank/IMF in Bali, Indonesia.

He holds a Masters degree in Business Administration and Bachelors with Major in Economics from Government College Multan.

Mr. Mohammad Mudassir Amray

Mudassir is a seasoned banker with well-rounded exposure of over 25 years in senior management roles with proven track record in six geographies (USA, Nigeria, Malaysia, Hong Kong, Singapore, and Pakistan) and multiple roles with local and international banks.

Mudassir held various senior positions, including

1. Managing Director & Chief Executive Officer of Titan Trust Bank in Nigeria

2. Managing Director & Head of Global Capital Management for LATAM at Citibank New York

3. Managing Director & Group Head of Global Corporate & Investment Banking & Business SCO for Citibank Nigeria and Ghana

4. Head of Wholesale Banking at Al-Rajhi Bank in Malaysia

5. Director, Global Network Capital Management at Citibank in Hong Kong

6. Head of Islamic Banking for Asia Pacific at Citibank in Singapore

7. Country Business Head and Business SCO at Citibank in Pakistan

8. Regional Manager & Country Head Structured Finance for Bank Alfalah in Pakistan

9. Corporate Bank Head at United Bank Limited in Pakistan

Mudassir has strong focus on governance and processes and has a balanced approach towards risk and business. He exhibits courage in taking tough decisions and had developed and adopted smart business strategies in different environments.

Mr. Asif Reza Sana

Mr. Asif Reza Sana is a banker turned entrepreneur and businessman engaged in multiple governance roles at the corporate level. He is well experienced in restructuring banks and creating financial services brands with a differential. He is also a private equity, banking and finance advisor. His prior career has been with world leader multinationals in the disciplines of finance, general management and marketing. He currently also owns insurance, healthcare and consumer products businesses.

Mr. Sana made his professional career debut in marketing, working for the Irish Dairy Board in 1981; he was then hired by the leading chocolate manufacturing multinational, Mars Inc., in 1982. In 1988, he was headhunted by Philip Morris (PM) then the largest consumer products company in the world. After the collapse of the Soviet Bloc in 1989 he was made a member of the Philip Morris task force, based at the international headquarters in Switzerland. Main assignment of the taskforce was to pioneer establishments of PM businesses in the newly liberated markets of Central and Eastern Europe through mergers and acquisitions, licensing and joint ventures. In 1991 he was appointed to the coveted position of Group head of Philip Morris’ legendary flagship brand, Marlboro. He was promoted to a leadership role of managing a profit centre in 1995, responsible for global pricing strategies, financial management across several countries and currencies with complex tax structures and a multinational workforce based in several countries.

On his return to Pakistan, he was appointed advisor to the board of directors of Union Bank in 2000. He conceived, negotiated and closed the acquisition of Emirates Bank in Pakistan and Meshraq Bank in Sri Lanka for Union Bank. He was elected a member of the board of directors of Union Bank and continued to work as the executive director as well as a member of the Management Committee, Alco, and In-Charge of the monthly business performance review of all country group heads. He assisted the HR and Audit committees. The majority shareholders then gave him the sole mandate to implement an exit strategy. He searched, short listed, negotiated and closed the sale of Union Bank to Standard Chartered Bank at a landmark price of US $ 485 million at the highest multiple in the banking industry of Pakistan at that time.

Subsequently, as an advisor to Askari bank he carried out the due diligence to determine the enterprise value of the bank. He steered the recapitalization plan of the bank. On the request of the new shareholders he joined the board of restructured Askari Bank as an independent director and served as the chairman of the audit committee for 6 years. He is currently appointed on the board of governors of Naya Pakistan Housing Authority and also serves on the boards of other public listed companies.

He is the founding trustee of a charity that rehabilitated radicalized youth in the main stream society through a boarding school and vocational training programme supported by the Government of Pakistan in Northern Areas. He is also on the Advisory board of Global Sustainability Network (GSN) of UK, a UN associated charity. He is an avid golfer, skier and sportsman.

Mr. Muhammad Naeem Khan

Mr. Muhammad Naeem Khan is a senior Director level banking professional with diversified domestic and international Commercial and Investment banking background spanning over a period of 35 years. He started his banking career with United Bank Limited in 1974 and served in various senior level positions at National Bank of Oman, Bank of Credit and Commerce International, American Express Bank, Al Faysal Investment Bank. He also served as Chief Operating Officer of Escorts Investment Bank and Inovative Investment Bank (formerly Crescent Standard Investment Bank).

He represented Government College Lahore and Punjab University and played National Squash Championships in Pakistan representing Punjab. Represented Oman and Luxembourg in Squash in International Championships. Travelled widely in Europe and Asia.

He holds a Bachelor degree from Government College Lahore.

This page was last updated on: January 2, 2024 2:10:00 PM