Business

BMA Capital appoints new CEO

Express May 19, 2010

KARACHI:

Co-founder and Executive Vice Chairman of BMA Capital, Moazzam M Malik, has been appointed Chief Executive Officer of the company.

Malik brings 22 years of consulting and business experience in the UK, the Middle East, including experience of the financial sector and privatisation in Pakistan. Farrukh H Khan, co-founder and CEO of BMA Capital since 1992, is now the Executive Vice Chairman of BMA Capital and will remain its executive director.

COMMENTS (3)

AS Helium Pvt Ltd | 14 years ago | Reply BMA need to shift focus towards CPG companies to sustain long run.

Babar Javed | 14 years ago | Reply Advisors at BMA Capital continue to utilize old value creation methods. One of my clients described a disappointing experience from a presentation with flaws and loopholes; a common belief in Pakistan is that value can be created when leverage is used to make an investment. It does not b/c of its weakening of the cash flow over time. In Pakistan, we saw the 2008 crisis cripple long term value for shareholders since most if them (banks) fund their illiquid assets with large amounts of short term debt. As a result , the risk of holding equity rose. I hope the new CEO knows what he's doing.

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