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Center for Executive Education (CEE) at IBA, Karachi, hosted a one day
workshop on Financial Crisis Management by leading local and foreign
industry experts and faculty on 30th August 2012 at Room S-7, CEE,
City Campus, IBA, Karachi. Over 65 participants from the industry
and students participated. The session was coordinated by IBA
Faculty including Dr. Athar Elahi, Mr. Shabih Haider and Mr. Arif
Irfanullah.
The highly interactive workshop covered industry experts’ opinion on
the Role of Financial Intermediation in crisis like situation and
how should regulator respond to the crisis. The workshop included a
panel discussion on The European Crisis & Global Economy and its
impact on the South East Asia financial crisis and industrial
linkages.
The welcome note was given by Dr. Ishrat Husain, Dean & Director IBA,
followed by session by Mr. Sadeq Sayeed (Lead Trainer Workshop, CEO
Metage Investment) gave participants the suggestions for Financial
Crisis Management in Pakistan - State Level (Regulators) & Corporate
Level Governance issues.
Mr. Syed Salim Raza, Ex. Governor State Bank of Pakistan commented
on role of financial intermediation in economic crisis. He discussed
the crisis transmission, fiscal/monetary influences and range of
regulatory responses. He then discussed macro issues in crisis
management, social and political imperatives influencing choices for
action by financial regulator and intermediaries. In light of
continuing play-out of 2007 financial crisis, what have we learnt
for better preemption. A question answer session was followed by the audience.
A panel discussion was moderated by Mr. Arif Irfanullah. The
panelist were Ms. Naheed Memon (CEO Kings Apparel & IBA Visiting
Faculty), Mr. Shabbar Zaidi (Ferguson) and Mr. Zubyr Soomro
(Citibank/Association of Bankers Pakistan/Karachi Stock Exchange).
The panel discussion was focused on State Level & Regulators’
Role. The examples discussed were European Crisis & Global Economy:
Emerging Euro zone crisis, Role of peripheral Europe; Similarities/Differences
in Economic Situations: PIIGS, UK & France, impact of above
on Germany & Northern Europe, European Sovereign Debt Issues and
impact of global economic slowdown on China/Asia.
The workshop also hosted Dr. Mushtaq Ahmed Khan (Chief Economic
Advisor, the State Bank of Pakistan) who commented on the financial
crisis and industrial linkages.
In the last Mr. Sadeq Sayeed discussed Regulations & Governance from
international perspective.
The session was covered by press (arranged by IBA communication
department). The workshop was concluded by feedback from the
participants and the certificate distribution ceremony.
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1. Mr. Sadeq Sayeed is a prominent Pakistani-born banker and
businessman. He is widely known for his role behind Nomura’s
acquisition of the Europe, the Middle East and Africa businesses of
Lehman Brothers in Oct 2008. Mr. Sayeed was appointed Chairman of
Metage Capital Limited in March 2011. Metage Capital Limited is a UK
based investment firm managing off shore funds established in 1999.
Prior to joining Metage Capital Limited, Mr. Sayeed was CEO of
Nomura International, having joined the company in 2000 as a Special
Advisor, from Credit Suisse. He has been directly responsible for a
number of key strategic projects, including the acquisition of
Lehman Brothers European & Asian Business in 2008, the creation of
Terra Firma Partners in 2001 and the disposal of significant
sub-prime exposure in 2007. Mr Sayeed has over 30 years’ experience
in investment banking. He holds an undergraduate degree in economics
with concentration in electrical engineering from Massachusetts
Institute of Technology (MIT), as well as a master’s degree in
finance from MIT's Sloan School.
2. Syed Salim Raza is the former Governor of State Bank of
Pakistan. He succeeded Dr. Shamshad Akhtar who completed her three
year tenure as SBP Governor on January 1, 2009. Prior to his
assumption of the office of SBP Governor, he was the CEO of Pakistan
Business Council (PBC) since February 2006. He holds a Masters
degree from Oxford University and was the 15th Governor of the State
Bank. Mr. Raza brought to the State Bank 36 years of international
banking experience. He had been with the Citibank, N.A. in various
positions that included Country and Regional Management across the
Middle East, Africa and the UK, Central and Eastern Europe, based in
London from 1989 to 2006. His business experience covers credit and
corporate finance, real estate and global asset (bonds & equities)
management. He was also the Country Head for Citibank in Pakistan
from 1983 to 1987. He has worked extensively on a variety of
associated subjects, both exclusively at PBC, and also in
partnership with multilateral organizations and government bodies.
He has been instrumental in preparing innumerable reports, surveys
and recommendations covering a variety of subjects including
corporate and tax law reforms; infrastructure development, including
a dynamic role for public‐private partnerships; broadening and
deepening of capital markets, creation of long term corporate debt
markets; corporate governance; competitiveness capacity building;
and a variety of other associated themes.
3. Ms. Naheed Memon, an entrepreneur, Ms. Naheed currently
works in her family owned conglomerate Kings Group as Director. She
is involved in managing and developing retail, travel and BPO and
medical equipment distribution businesses. She also teaches
Economics and Strategy at IBA, Karachi. Naheed holds a MSc. in
Economics from Birkbeck College, London and an MBA from Imperial
College, London.
4. Mr. Syed Shabbar Zaidi, a Chartered Accountant by
profession and partner, A.F. Ferguson and Co. has a distinguished
record of achievements to his credit. He was Past President,
Institute of Chartered Accountants of Pakistan and South Asian
Federation of Accountants and former Chairman, Professional Standard
and Technical Advisory Committee of the Institute of Chartered
Accountants of Pakistan. His current responsibilities include being
Chairman of the Taxation Committee of the Institute of Chartered
Accountants of Pakistan; Member, Developing Nations Committee of
International Federation of Accountants; Member, Central Audit
Committee of Board of State Bank of Pakistan; Senior Member of the
Task Force for Reform of Tax Administration (2000); Advisor,
Corporate Rehabilitation Committee of Securities and Exchange
Commission of Pakistan and Trustee, Sindh Institute of Urology and
Transplantation (SIUT).
5. Mr. Zubyr Soomro is the Chairman and CEO Hikmah
Consulting, Chairman Pakistan Advisory Council Acumen Fund. He has
International banking career with over 30 years at Citi mostly in
country and business management roles across the Middle East,
Turkey, and Pakistan. Took a leave of absence to take on Chairman
and President roles in restructuring a major Pakistan government
owned bank and positioning it for privatization. Worked actively and
extensively in leading industry associations and banking sector
reforms. Mr. Soomro participated in multiple Boards of corporates,
social sector entities and regulators. His Current focus is on
financial services consultancy(bank restructuring and under-banked
sectors), international speaking engagements on social and business
issues, the development and delivery of corporate governance
programs for boards and senior management of banks and participation
in boards of non-profit organizations to help them build capacity.
6. Mr. Arif Irfanullah cleared all three CFA exams on his
first attempt and strives to help his students achieve the same. In
addition to preparing students for the CFA exams, Mr. Arif is a
corporate trainer. He has conducted several workshops on Bank Risk
Management, Financial Derivatives and Alternative Investments. He is
a visiting faculty member at IBA where he teaches Finance courses.
Prior to forming his own financial training firm, Mr. Arif held
senior management positions at Oracle, MindTree and Alchemy. At
Oracle he implemented financial applications for Fortune 500
companies in the United States. Mr. Arif joined MindTree in New
Jersey, USA when it was a startup and helped grow the company to a
$200 million global organization. He has Bachelors in Engineering
from Dartmouth College and an MBA in Finance from the University of
Chicago.
7. Dr. Muhammad Athar Ellahi is Assistant Professor &
Research Fellow, Center for Business and Economic Research (CBER),
IBA; He holds a PhD in Banking, Tilburg University, The Netherlands;
MBA Finance (Gold Medalist), IoBM, Karachi; M.Sc. Economics (Gold
Medalist), University of Karachi.
8. Mr. Shabih Haider is an IBA faculty member; MS (Finance) &
MBA from IBA, Karachi; BE, Dawood Engineering College Karachi.
yaz@iba.edu.pk
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