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Vision

Our vision is for Fortune Securities Limited to be a top-tier, full service broking firm that offers un-matched, research-driven, broking and advisory services to its retail and institutional clients, both within and outside Pakistan.

Overview

Established in 1994, Fortune Securities Ltd (FSL) has progressed to be one of the leading members of the Karachi Stock Exchange. FSL is a top-tier, full service broking firm that offers un-matched research-driven, broking and advisory services to its retail and institutional clients. While adhering to strict ethical standards, we have achieved product and operational excellence through the quality of our people, the breadth and depth of our resources, and our service and product commitments.

FSL has put together a highly competent and experienced institutional sales and retail team comprising of dedicated professionals equipped with superior knowledge of the capital market which allows us to deliver sound investment ideas to the company’s growing client base. Our broking business is further supported by a dedicated equity research team which focuses on producing quality fundamental research in a timely manner without compromising on the ethics of research.

FSL subsidiary Fortune Islamic offers Islamic Business Support Services to Shariah conscious investors and businesses.

Fortune Team

Anis ur Rahman

Chief Executive Officer

Anis has over 24 years of experience in equity research and fund management. Anis began his career with equity research at KASB Securities and later served as Head of Research. He then moved to Merrill Lynch/Smith New Court as Director Research (Indian Subcontinent) and later as Head of Research at Societie Generale Securities (Singapore).
He then served as the chief executive of various renowned companies like Elixir Securities and ABL Asset Management. He has also served at the National Bank of Pakistan as Head of Equity Investments, managing one of the largest equity portfolios among all commercial banks in Pakistan. Anis is an MBA from the Institute of Business Administration (IBA).

Fazal Mehmood Malik

Chief Operating Officer

Fazal Mehmood Malik has overall 18 years diversified experience in different industries substantially in the stock broking business. He has served on different senior positions in reputable brokerage houses of Pakistan in the areas of Accounts, Finance, Internal Audit, Risk management, Compliance and back office Operations. Prior to joining Fortune, Mr. Malik was associated with BIPL Securities Limited as Head of Operations. He is an associate member of the Institute of Cost and Management Accountants of Pakistan.

Qasim Lakhani, CFA

Advisor

Qasim has 13 years of experience in equity broking, fund management and corporate planning. Qasim started off his career with equity research in First Capital ABN-AMRO Equities, from where he moved on to join JP Morgan Pakistan (then Jardine Fleming Pakistan Broking) on the international sales desk, servicing foreign institutional investors. Subsequently, he worked for top-tier names like Engro Chemical (corporate planning) and PICIC (equity portfolio management), before moving onto Elixir Securities Pakistan (Elixir). During his stay at Elixir, Qasim headed Elixir’s Research Department, was involved in the preparation of business plan / study of asset management business for a large business Group of Pakistan, and later also headed Elixir’s Sales Desk. Qasim is an MBA from the Institute of Business Administration (IBA) Karachi, and is a CFA charter-holder.

Amyn Nasiruddin

Head of Corporate Broking and Advisory

Amyn carries extensive executive experience in the equity market of over 20 years working in senior management roles. He has been involved with the development and management of institutional equity sales, portfolio management, settlement, equity branch network and risk management for various brokerage houses. His primary area of expertise has been revenue generation gauging strength from his research skills, equity sales and corporate finance experience. He has delivered in his role as Director Capital Markets at InvestCap, while he was the Chief Executive Officer at Invest and Finance Securities. In a short span of time, Amyn has further consolidated the Institutional Sales desk at Fortune. Amyn is an MBA from the Institute of Business Administration (IBA) Karachi with specialization in finance.

Mohammad Irfan Hussain

Head of Sales

Irfan brings with him a rich experience of around twenty years in different capacities in the capital markets of the country. Prior to his joining Fortune, he was a senior member of the sales team of reputable brokerage houses, dealing with institutions and high net worth clients at names like Taurus Securities and AKD Securities while he also worked as an equity dealer at JP Morgan (formerly known as Jardine Fleming Pakistan Broking).

Danish Hanif

Manager Finance & Accounts

Danish is working with Fortune Securities Limited, he has 15 years experience, various capacities he has worked under includes accounts settlements and branch administration. Danish joined as a Assistant Accountant, subsequently he was promoted as a Chief Accountant & Company Secretary of the Company.

Adnan Ali

Head of Online Trading & Information Technology

Adnan is a technology guru with more than 16 years of wide ranging experience in the entire gamut of technology projects. Starting off his career in the field of Network Engineering, Adnan has been helping various organizations establish outstandingly efficient and technically sound infrastructure that amply supports organizational operations and growth. Adnan has honed his skills working for a wide variety of organizations; from sugar mills to IT Education Centers. He has been a strong advocate of enhancing technical education amongst the youth of Pakistan and has remained an active educator throughout his career. At Fortune Securities, Adnan has been instrumental in establishing the Online Equities Trading platform. Previously, he had established similar platforms at other firms, including establishing a live, online integration with the Dubai Gold and Commodities Exchange. Currently, he is managing the operations of the Online Equities Trading platform at Fortune Securities and oversees all technology as Head of Technology.

 

Auditor

A Financial reports as well as Net Capital Balance (NCB) of the company is audited by Naveed Zafar Ashfaq Jaffery (NZAJ) and company, Chartered Accountants.

 

Legal Advisor

Contact Person: Ms. Samina Fazal

Address: 3rd and 4th Floors, 68-C, Lane B, Bukhari Commercial Area, Phase VI, Karachi

 

Anis ur Rahman

Anis has over 24 years of experience in equity research and fund management. Anis began his career with equity research at KASB Securities and later served as Head of Research. He then moved to Merrill Lynch/Smith New Court as Director Research (Indian Subcontinent) and later as Head of Research at Societie Generale Securities (Singapore).
He then served as the chief executive of various renowned companies like Elixir Securities and ABL Asset Management. He has also served at the National Bank of Pakistan as Head of Equity Investments, managing one of the largest equity portfolios among all commercial banks in Pakistan. Anis is an MBA from the Institute of Business Administration (IBA).

Danish Hanif

Danish is working with Fortune Securities Limited, he has 15 years experience, various capacities he has worked under includes accounts settlements and branch administration. Danish joined as a Assistant Accountant, subsequently he was promoted as a Chief Accountant & Company Secretary of the Company.

Adnan Ali

Adnan is a technology guru with more than 16 years of wide ranging experience in the entire gamut of technology projects. Starting off his career in the field of Network Engineering, Adnan has been helping various organizations establish outstandingly efficient and technically sound infrastructure that amply supports organizational operations and growth. Adnan has honed his skills working for a wide variety of organizations; from sugar mills to IT Education Centers. He has been a strong advocate of enhancing technical education amongst the youth of Pakistan and has remained an active educator throughout his career. At Fortune Securities, Adnan has been instrumental in establishing the Online Equities Trading platform. Previously, he had established similar platforms at other firms, including establishing a live, online integration with the Dubai Gold and Commodities Exchange. Currently, he is managing the operations of the Online Equities Trading platform at Fortune Securities and oversees all technology as Head of Technology.

 

1) Anis Ur Rahman

2) Shamama Arif Rehman

3) Nabeel Tajammal

4) National Bank of Pakistan

 

Audit Commitee

Muhammad Danish

Anis Ur Rahman

KYC / Customer Due Diligence

In order to have a good, healthy & long lasting business relationship, it is important for us to know who is doing business with us and what is the background of the that account holder. Hence, form has to be filled by the potential customer.

To download Form click the following link below.

KYC / Customer Due Diligence

 

Investor Complaints

Cur aim is to provide hassle free trading to our value added customer. For any complaint sent email to info@fortunesecurities.com or contact our personnel to direct complaint.

Mr. Fazal Mehmood Malik

Compliance Officer

Contact : 35309090

Pending Complaints:

Jan to Mar – 2017

No. of Complaints : 0

Resolved Complaints : 0

Pending Complaints : 0

Penal Action – SECP

No action(s) taken by the Exchange and the Commission against the company.

Annual Accounts

Annual Report 2016

Annual Report 2015

Annual Report 2014

Annual Report 2013

Annual Report 2012

Net Capital Balance

NCB Dec 2016

NCB Jun 2016

NCB Dec 2015

NCB Jun 2015

NCB Dec 2014

NCB Jun 2014