Mandviwalla appointed SECP policy board chairman

Appointment will enable board to consider, approve SECP’s budget

ISLAMABAD:

The federal government has appointed Mehmood Mandviwalla as chairman of the Securities and Exchange Commission of Pakistan (SECP) policy board.

The federal cabinet approved Mandviwalla’s appointment on Tuesday. Earlier, the Finance Division proposed his name for the post that had been vacant for the past six months.

Syed Masoud Naqvi tendered his resignation from the post of SECP policy board chairman on personal grounds on June 23, 2021 and the seat had been empty since then, an SECP official told The Express Tribune.

“Mandviwalla has been appointed for a period of four years,” he said.

Mehmood Mandviwalla is an eminent lawyer. He obtained LLB (Hons) from London School of Economics and Political Science and qualified as a barrister from the Honourable Society of Lincoln’s Inn, London, United Kingdom.

Mandviwalla has extensive experience spanning over 38 years in all aspects of commercial and corporate law including mergers and acquisitions in the field of banking, corporate and financial restructuring and privatisation, it has been learnt.

Mandviwalla’s appointment would enable the board to consider and approve the SECP’s annual budget, which was pending due to the absence of the chairman of policy board, he said.

Published in The Express Tribune, December 29^th, 2021.

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