- Vision
- Overview
- Management
- Auditor / Legal Advisor
- Board Of Directors
- Pattern of Shareholding
- Board Commitees
- Investor Info - Portal
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 companys 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.
Company Registration Number: 0033777
National Tax No.: 0698170-4
Sales Tax Registration No.: S0698170-4
Status of the Company: public Unlisted
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 Mailk
Chief Operating Officer / Head of Compliance
Fazal is a qualified Cost & Management Accountant (ACMA) from The Institute of Cost and Management Accountants of Pakistan and Associate / Certified Forensic Accountant (AFA) from The Institute of Forensic Accountants of Pakistan with more than 20 years of diversified experiences of big-4 Chartered Accountants firms, Food business, and Stock industry, right from an associate to Chief Operating Officer (COO) & Consultant to Government.
Syed Arif ur Rehman
Director Research and Business Development
Arif brings with him over 13 years of Investment Banking experience. Prior to joining Fortune in 2017, he worked with Standard Chartered Bank (SCB) in the UAE where he was responsible for managing key Abu Dhabi Government relationships for the bank in his last role. During his time with SCB in the UAE, spanning almost 10 years, he was responsible for managing key clients of the bank which includes SWFs, government entities and large family offices.
Arif has worked across a wide spectrum of banking products, including mergers and acquisitions, structured finance, financial markets and transaction banking. He has been involved in successfully closing M&A transactions with aggregate value of over US$ 2.0bn and arranged syndicated funding of over US$ 5.0bn. Prior to joining SCB in 2008, Arif had worked in equity market in Pakistan for over three years with Arif is an MBA from Institute of Business Administration (IBA), Karachi and has a bachelors degree in electronics from Ghulam Ishaq Khan Institute (GIKI), Swabi.
Mohammad Irfan
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).
Babur Khaliq
Head of Settlements
Babur Khaliq is an experienced individual who completed his B. Com in 1996. He has an experience of more than 25 years in Equity settlements. He started his career in 1995 at WE Financial Services after which he joined Fortune Securities Ltd in 2003 as the Head of Settlements. His enriched experience in the field of equity brokerage provided him an in-depth knowledge of settlement procedures and systems applicable in Back Office, CDC, NCHS, NCSS and KATS functions. This in addition to the knowledge of brokerage accounting and prevalent regulations provided him with added advantage in advancement throughout his career.
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.
Arsalan Feroz
Head of Information Technology
Arsalan Feroz brings with him over 5 years of experience in the field of information technology. His passion and dedication towards the IT domain has helped him become Department Head in such a short span of time. At Fortune Securities Limited, he is responsible for managing different IT projects, implementation of security policies, liaison with IT vendors, development & implementation of the disaster recovery plan, and monitoring of IT infrastructure.
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.
Address and Contact: Naveed Zafar Ashfaq Jaffery & Co. 1st Floor Modern Motors House, Beaumount Road, Karachi Tel: 021-111-7744-22 Fax#: (021) 5210626
ICAP List : https://www.icap.org.pk/quality-assurance/list-of-firms-having-satisfactory-qcr-rating/
SBP List : https://www.sbp.org.pk/bprd/2018/CL2-Annex-A.pdf
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).
Syed Arif ur Rehman
Arif brings with him over 13 years of Investment Banking experience. Prior to joining Fortune in 2017, he worked with Standard Chartered Bank (SCB) in the UAE where he was responsible for managing key Abu Dhabi Government relationships for the bank in his last role. During his time with SCB in the UAE, spanning almost 10 years, he was responsible for managing key clients of the bank which includes SWFs, government entities and large family offices.
Arif has worked across a wide spectrum of banking products, including mergers and acquisitions, structured finance, financial markets and transaction banking. He has been involved in successfully closing M&A transactions with aggregate value of over US$ 2.0bn and arranged syndicated funding of over US$ 5.0bn. Prior to joining SCB in 2008, Arif had worked in equity market in Pakistan for over three years with Arif is an MBA from Institute of Business Administration (IBA), Karachi and has a bachelors degree in electronics from Ghulam Ishaq Khan Institute (GIKI), Swabi.
Shahid Ali (Independent Director)
Mr. Shahid Ali, is an associate member of Institute of Cost and Management Accountants of Pakistan. He. has over 30 years experience substantially in the capital market. He has served as Chief Executive in renown brokerage houses and also served as head of operations, Financial Controller in big broking companies. Before joining the equity broking industry, he has served as Consultant in KPMG Taseer Hadi Khalid & Co Chartered Accountants and also served as Cost Accountant, and officer in UBL.
1) Anis Ur Rahman
2) Shamama Arif Rehman
3) Nabeel Tajammal
4) National Bank of Pakistan
5) Syed Arif ur Rehman
6) Shahid Ali
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.
Fortune Securities Client’s Bank Account Details
Important Note for Clients
- All payments from the clients to the broker shall be made in the name of ‘Fortune Securities Limited – Client Account’ through A/c Payee Only crossed cheque, bank drafts, pay orders or other banking channels only.
- Any change in email address, mobile number, office phone number, mailing address, registered/permanent addresses or other related information should be intimated immediately to Fortune Securities Limited at aamir.yousuf@fortunesecurities.com; or babur.khaliq@fortunesecurities.com.
Investor Complaints
Our 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
Head of Compliance
Contact : 35309110
Pending Complaints:
October to December – 2020
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 Financial Statements
Half Yearly Financial Statements
Half-yearly Accounts December 2017
Half-yearly Accounts December 2018
Half-yearly Accounts December 2019
Half-yearly Accounts December 2020
Quarterly Financial Statements
Net Capital Balance
Liquid Capital Balance