Akif Saeed has been selected by the federal government to head Pakistan’s Securities and Exchange Commission (SECP).
On Friday, the government released a notification in this regard. On December 13, he had been appointed SECP Commissioner.
Former SECP Commissioner from December 2014 until December 2017, the next chairman. He started working for SECP in 2004 and oversaw several departments. He has in-depth regulatory, operational, and business experience of numerous capital markets infrastructure firms.
He made a substantial contribution to the implementation of numerous legal and regulatory reforms for improved corporate governance, transparency, investor education, investor protection, and risk management during his time at SECP.
Through the adoption of voluntary pension regulations and the granting of licences to four pension fund managers in 2007, he played a significant role in the introduction of a legal framework for REITS and private equity as well as the introduction of private pension. He was a key contributor to the securities market’s compliance with the IOSCO benchmarks.
Saeed also served as the team leader for the effort to update Pakistan’s securities legislation, which resulted in the 2015 Securities Act and 2016 Futures Act.
He has also had positions with a number of businesses in the private sector, including those at American Express Bank and the Asian Development Bank. He graduated from Chevening and has a master’s in economics from Government College Lahore in addition to a master’s in business administration from the University of Edinburgh.
