Senior Management

Anis ur Rahman, CFA

Chief Executive Officer

Anis has over 30 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 and Chartered Financial Analyst (CFA).

Syed Arif ur Rehman

Director Broking

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 bachelor’s degree in electronics from Ghulam Ishaq Khan Institute (GIKI), Swabi.

Arvind Anand

Head of Research

Arvind Anand is working at Fortune Securities Limited as Head of Research and has more than 5 years of work experience, in a combination of both buy-side and sell-side equity research. He is currently covering Banks, Economy, Strategy, Chemicals, Fertilizer, Steel and Miscellaneous sectors (Packaging, Pharma, Textiles, Leasing, etc). Prior to joining Fortune in April 2020, he was associated with Vitality Capital LLC, a hedge-fund, based out of USA, where he worked as an Investment Analyst/Quasi-Fund manager and provided research coverage on variety of sectors in Pakistan, US, China, Hong Kong and Japanese equities. He holds a bachelor’s degree in Accounting and Finance from Institute of Business Management, Karachi. He has also done CFA Level 1.

Fazal Mehmood Malik

Chief Operating Officer & Head of Compliance

Mr. Fazal Mehmood Malik brings a diversified work experience of more than 20 years which include serving at big-4 Chartered Accountants firms, Food business and Stock industry, right from an associate to Chief Operating Officer (COO) & also served as Consultant to the Government of Pakistan.

His prime expertise includes Accounting, Financial Planning & Budgeting, Risk Management, Internal Audit & Compliance, Regulatory Frame Work Compliance (Statutory Requirement & SECP Regulations), & Financial Reporting, which has helped him contribute towards the success of the company.

Mr. Malik 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. Further, he is also a certified Anti-Money Laundering professional (CAMLP) from the Institute of Financial Markets of Pakistan – IFMP.

Shahid Ali

Chief Technology Officer & Head of Online Trading

Mr. Shahid Ali has over 20 plus years of experience in Information Technology field and extensive business domain knowledge and working experience in the financial markets. His past experience includes working in Foundation Securities as Head of IT and in BMA Capital Management as SVP and Co-Head of IT. By qualification he is a Masters in Computer Science from SZABIT Bachelor in Science (Engineering) from Karachi University.

Aftab Alam

Company Secretary – Manager Finance and Human Resources

Mr. Aftab Alam possesses an extensive and dedicated experience of over 15 years in different sectors including Concrete, Health, Brokerage etc. At Fortune Securities Limited, aside from managing the usual Secretarial Affairs, he looks after the planning, implementation, managing and running of Finance, Administration, and Human Resource functions. Mr. Aftab holds a Bachelors Degree in Commerce and is also ACMA finalist.

Irfan Surya

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 Securities Limited, 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.

Abdul Wahab

Head of Customer Support

Mr. Abdul Wahab brings a diversified work experience of more than 10 years, most of which has been richly in Broking Industry, that too, in the area of Risk Management, Compliance, and Internal Audit. He served notable organizations that include SGS – Société Générale de Surveillance, KASB Securities (former affiliate of the Bank of America Merrill Lynch), BMA Capital Management, & Taurus Securities Limited. He was pivotal in implementing Dedicated Risk Management Module at BMA alongside designing and deploying Internal Control Systems, & MIS reports, as per best industry practices.

Academically, Wahab holds a Bachelor’s degree in Commerce from University of Karachi and is also finishing up for his Masters of Business Administration – MBA, from Institute of Business & Technology. Further, he also completed training on Anti Money Laundering (AML) – Know Your Customer (KYC) from Institute of Financial Markets of Pakistan and further attended various relevant sessions and seminars organized by Securities and Exchange Commission of Pakistan and Refinitiv (Formally known as Thomson Reuters).

Arsalan Feroz

Head of IT

Arsalan brings with him over 5 years of experience in the field of information technology. He joined fortune as an Assistant IT officer, however, 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.