In a significant development for Pakistan’s financial sector, Mr. Farrukh Sabzwari has been elected as the Chairman of the Central Depository Company of Pakistan Limited (CDC). With over 25 years of distinguished experience in investment banking, both domestically and internationally, Mr. Sabzwari brings a wealth of expertise to his new role.
Prior to his appointment at CDC, Mr. Sabzwari held prominent leadership positions at esteemed institutions such as KASB Securities, BMA Capital, CLSA Emerging Markets, and Credit Suisse. Notably, he served as the Chairman and Commissioner of the Securities and Exchange Commission of Pakistan (SECP) from 2018 to 2021. During his tenure, he spearheaded pivotal initiatives including the introduction of Exchange-Traded Funds (ETFs) and the overhaul of Real Estate Investment Trusts (REITs) regulations.
Mr. Sabzwari’s appointment as Chairman of CDC underscores the organization’s commitment to excellence and innovation in the financial services landscape. His extensive track record and visionary leadership are poised to guide CDC towards sustained growth and success in the years ahead.
