About Us

About Us

Our Values

Our core values of Competence, Experience and Integrity form the basis of our corporate culture and client interaction

Competence

We aim to provide our clients relevant insights so that they can make informed business decisions

Experience

A highly skilled management team with a strong track record of working in senior positions in Pakistan’s capital market

Integrity

Emphasis on transparency, governance and learning to improve the overall ethics in the industry

Next Capital offers much needed neutrality in Pakistan’s capital market. We take pride in being unbiased financial service providers. Above all, we make sure that our interests are aligned with those of our clients.

The management and sponsors of Next Capital firmly believe that the scope for professionalizing the financial services industry in Pakistan is immense. In fact, one of the strong motivations in forming Next Capital was to develop a high degree of professionalism in the capital markets of Pakistan. The prevailing ‘seth culture’ has not only held the industry back in terms of efficiency and profitability, but is also a major reason for lagging behind peers in terms of capital market development.

Basically, this entails a professionalization of human capital, systems, and structures, including adopting best practices from other developed markets. Pakistani capital markets are in a nascent stage of development, and have been unable to grow at par with other regional markets. In fact, in terms of capital market development, Pakistan seems to have actually regressed over the course of the last two years.

With a commitment to professionalism, team-work and integrity, we aim to become one of the leading financial institutions in the country working as strategic partners with our clients.

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CEO Profile

Najam Ali

Najam Ali
Chief Executive Officer

Mr. Najam Ali has over 23 years of rich experience of working in different capacities in Pakistan’s capital markets. Prior to forming Next Capital Limited, he served as the Chief Executive Officer at JS Investments Limited. During his tenure at JS Investments, the company achieved the highest rating of AM2 Plus in the industry and remained the largest asset management company in the private sector. During this time, he also served twice as the Chairman of Mutual Funds Association of Pakistan (MUFAP).

Mr. Najam was also the founding Chief Executive Officer of the Central Depository Company (CDC), Pakistan’s first and only securities depository. Prominent shareholders included Citigroup, IFC and Pakistan’s stock exchanges. While at CDC, he also led the development and implementation of the National Clearing and Settlement System, which is the centralized clearing system in Pakistan for all the stock exchanges. The success of these projects has laid the foundation of a world class capital market infrastructure that has earned him praise and recognition at the national level.

He has also served on the Board of Directors of Pakistan Oilfields Limited, the Karachi Stock Exchange (Guarantee) Limited (KSE), the National Clearing Company of Pakistan Limited (NCCPL) and Askari Bank Limited. After having qualified as a chartered accountant with Robson Rhodes in the U.K, he worked with Fidelity Investment Bank as a Group Financial Controller and Head of Money and Capital Markets.

By qualification, Mr. Najam Ali is a member of the Institute of Chartered Accountants in England & Wales and Institute of Chartered Accountants of Ontario – Canada. He has also qualified as a Certified Public Accountant – USA and holds a Bachelor degree in Economics from the University of Michigan, Ann Arbor, USA. Mr. Ali has also attended and successfully completed the ‘Advanced Management Program’ at the world renowned Harvard Business School, USA.

He is currently serving as a member of the Corporate Leaders Advisory Board of Institute of Business Administration (IBA).

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Key Shareholders

 

MCB Bank Limited

MCB Bank Limited

MCB is one of the leading banks of Pakistan with a deposit base of Rs. 419 Billion and total assets over Rs.532 Billion. The Bank has a customer base of approximately 4 million, a nationwide distribution network of over 1,000 branches and over 450 ATMs across Pakistan.

As a testament to its superior service quality, MCB won Euro Money’s Best Bank Award for the years 2001, 2003, 2004, 2005, 2006 and 2008. MCB has also won the Asia Money Award for Best Domestic Bank in the years 2004 and 2005.

Arif Habib

Arif Habib
Chairman, Arif Habib Group

Arif Habib, a renowned name in Pakistan’s capital markets, has previously served as the President/Chairman of KSE six times. He has been instrumental in introducing a number of reforms including the introduction of Central Depository System, computerized trading and risk management system. He is the Founding Member and former Chairman of CDC and has also served as Member of the Privatization Commission, Board of Investment, Tariff Reforms Commission and Securities & Exchange Ordinance Review Committee.

Arif Habib Group, Chaired by Arif Habib, ranks amongst the fastest growing blue-chip conglomerates in Pakistan. It has an enviable brand franchise built on stakeholder trust, better returns for public shareholder and its orientation towards continuous investment in staff, systems and service capacity. The Group operates through its holding company, Arif Habib Securities Limited (“AHSL”). AHSL is amongst the top performing companies at KSE and has won the prestigious Top Companies Award several times since its listing at KSE.

Abbas Corporation (Pvt.) Limited

Abbas Corporation (Pvt.) Limited

Incorporated in 1974, Abbas Corporation (Pvt.) Limited is engaged in the business of manufacturing and exporting high end hand knotted carpets. The company has been the largest exporter of carpets from Pakistan for the last decade and has pioneered in exporting carpets of its own exclusive designs and has attained a major share in the market.

The product of the company is synonymous with the best quality carpets that can be found in the top retail flows all over the world.

Najam Ali

Najam Ali
Chief Executive Officer

Mr. Najam Ali has over 23 years of rich experience of working in different capacities in Pakistan’s capital markets. Prior to forming Next Capital Limited, he served as the Chief Executive Officer at JS Investments Limited. During his tenure at JS Investments, the company achieved the highest rating of AM2 Plus in the industry and remained the largest asset management company in the private sector. During this time, he also served twice as the Chairman of Mutual Funds Association of Pakistan (MUFAP).

Mr. Najam was also the founding Chief Executive Officer of the Central Depository Company (CDC), Pakistan’s first and only securities depository. Prominent shareholders included Citigroup, IFC and Pakistan’s stock exchanges. While at CDC, he also led the development and implementation of the National Clearing and Settlement System, which is the centralized clearing system in Pakistan for all the stock exchanges. The success of these projects has laid the foundation of a world class capital market infrastructure that has earned him praise and recognition at the national level.

He has also served on the Board of Directors of Pakistan Oilfields Limited, the Karachi Stock Exchange (Guarantee) Limited (KSE), the National Clearing Company of Pakistan Limited (NCCPL) and Askari Bank Limited. After having qualified as a chartered accountant with Robson Rhodes in the U.K, he worked with Fidelity Investment Bank as a Group Financial Controller and Head of Money and Capital Markets.

By qualification, Mr. Najam Ali is a member of the Institute of Chartered Accountants in England & Wales and Institute of Chartered Accountants of Ontario – Canada. He has also qualified as a Certified Public Accountant – USA and holds a Bachelor degree in Economics from the University of Michigan, Ann Arbor, USA. Mr. Ali has also attended and successfully completed the ‘Advanced Management Program’ at the world renowned Harvard Business School, USA.

He is currently serving as a member of the Corporate Leaders Advisory Board of Institute of Business Administration (IBA).

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Sponsors

Mr. Najam Ali

Mr. Muhammad Zulqarnain Mahmood Khan

Mrs.Hanna Khan

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Board of Directors

Lieutenant General Tariq Waseem Ghazi

Lieutenant General Tariq Waseem Ghazi
Non Executive Director - Chairman

Lieutenant General Tariq Waseem Ghazi (Ret.) elected as a Director in October 2016 and serving as a chairman of the Board. He also served as chairman of the board at Next Advisors Limited. He has a MS degree in War Studies from the University of Islamabad.

During a military career spanning 38 years, Lt. Gen. Tariq Waseem Ghazi (Retd.) was appointed to key operational, command, policy formulation, crisis management and leadership training positions. He trained with the Australian and Canadian militaries, led a multinational United Nations Peacekeeping Mission, and was commandant of the two top training institutions for Pakistani military officers: the Staff College, Quetta, and the National Defence College, Islamabad

Lt. Gen. Ghazi (Retd.) was appointed Secretary of Defence in May 2005. He oversaw the working of the defense establishment in Pakistan and represented the country’s interests nationally and internationally as co-chair of several security dialogues.

He has served as chairman of the Civil Aviation Authority, the Fauji Foundation, the Defence Housing Authorities, PIA Investments, and as chancellor of Foundation University, Islamabad. Presently, he serves on the boards of Sadiq Public School, Habib University and The Kidney Centre.

A recipient of the Sword of Honour, two international, and fifteen service awards, Lt. Gen. Ghazi has also been decorated with the Hilal-i-Imtiaz (Military) for his services to the country.

 

Najam Ali

Najam Ali
Chief Executive Officer

Mr. Najam Ali has over 23 years of rich experience of working in different capacities in Pakistan’s capital markets. Prior to forming Next Capital Limited, he served as the Chief Executive Officer at JS Investments Limited. During his tenure at JS Investments, the company achieved the highest rating of AM2 Plus in the industry and remained the largest asset management company in the private sector. During this time, he also served twice as the Chairman of Mutual Funds Association of Pakistan (MUFAP).

Mr. Najam was also the founding Chief Executive Officer of the Central Depository Company (CDC), Pakistan’s first and only securities depository. Prominent shareholders included Citigroup, IFC and Pakistan’s stock exchanges. While at CDC, he also led the development and implementation of the National Clearing and Settlement System, which is the centralized clearing system in Pakistan for all the stock exchanges. The success of these projects has laid the foundation of a world class capital market infrastructure that has earned him praise and recognition at the national level.

He has also served on the Board of Directors of Pakistan Oilfields Limited, the Karachi Stock Exchange (Guarantee) Limited (KSE), the National Clearing Company of Pakistan Limited (NCCPL) and Askari Bank Limited. After having qualified as a chartered accountant with Robson Rhodes in the U.K, he worked with Fidelity Investment Bank as a Group Financial Controller and Head of Money and Capital Markets.

By qualification, Mr. Najam Ali is a member of the Institute of Chartered Accountants in England & Wales and Institute of Chartered Accountants of Ontario – Canada. He has also qualified as a Certified Public Accountant – USA and holds a Bachelor degree in Economics from the University of Michigan, Ann Arbor, USA. Mr. Ali has also attended and successfully completed the ‘Advanced Management Program’ at the world renowned Harvard Business School, USA.

He is currently serving as a member of the Corporate Leaders Advisory Board of Institute of Business Administration (IBA).

Hanna Khan

Hanna Khan
Non Executive Director

Mrs. Hanna Khan is a graduate of Kinnaird College, Lahore and also holds a Masters degree in Public Administration. Both degrees were awarded with First Division. She has previously worked for fidelity Investment Bank and has been an active social worker in Karachi. She has served twice as President of the Karachi Chapter of old Association of Kinnaird College

Zulqarnain Khan

Zulqarnain Khan
Non Executive Director

Mr Zulqarnain Khan has over 15 years of extensive experience in the financial sector. He is the founding member of Next Capital Limited. Mr. Khan is a certified director from the Institute of Charted Accountants Pakistan(ICAP).

Prior to being a founding member at Next Capital he was previously associated with JS Global Capital Limited as Head of North.

Zulqarnain has also worked as senior Institutional Equity trader with AKD Securities Limited. During his tenure there, AKD Securities limited was awarded the Best Brokerage House award by the CFA Association of Pakistan.

He has worked as an Assistant Vice President at Faysal Bank Limited within the commercial banking division and managed a team for the asset portfolio of the bank.

He has majors in banking and finance and holds a Masters degree in business (MBA) from Philadelphia University, USA.

Muhammad Zubair Ellahi

Muhammad Zubair Ellahi
Non-Executive Director

Mr. Zubair Ellahi has over 20 years of rich experience of working in multiple capacities in Pakistan’s capital markets. Prior to joining NCL, Mr. Zubair served as a Director at Bhayani Securities Limited (“BSL”) where he was instrumental in transforming the sole proprietorship to a top rated corporate brokerage house.

While at BSL Mr. Zubair served in numerous capacities which included all areas of the business. His responsibilities have ranged from transforming the company from a sole proprietorship to a public unlisted company to heading the sales desk. Over his 17 year tenor at BSL, Mr. Zubair’s responsibilities have included managing a portfolio of over Rs. 200 million, establishing BSL’s institutional, foreign and high net worth client sales desk and establishing BSL’s research department and initiating coverage of multiple sectors and companies

Mr. Zubair is a graduate from the Institute of Business Administration (IBA) with a Masters in Business Administration (MBA).

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Umer Habib

umer habib
Executive Director

Over seven years of experience in private equity and equity research in Pakistan having worked with JSPE Fund I LLC, the first Pakistan focused private equity fund with over USD 150 million in committed capital from investors such as IFC, ADB, SAMBA, Proparco, SIFEM, CDC, UK.

p>Also worked with the Dawood Group (Engro Corp Shareholders) evaluating private equity investment opportunities as well as within-group capital allocation decisions.

Has completed transactions worth over USD 80 million in various industries such as pharmaceuticals, agriculture, telecommunications, entertainment, power generation and financial infrastructure .

Holds a MBA from the National University of Singapore (Major: Finance) and is a CFA Level III Candidate.

Hasan Shahnawaz

Hasan Shahnawaz
Non-Executive Director

Mr. Hasan Shahnawaz is currently a Sole proprietor of Multiline leather Company and also of Shahnawaz Trading Pakistan. He has a vast experience in banking sector as he has worked for multiple banks across Pakistan. He has extensive Experience in dealing with foreign exchange transactions

He is Master of Economics and Finance, and Bachelor of Economics & Management, Lahore, Pakistan.

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Details of Registered Agents

PSX Building Branch

Mr. Zubair Ellahi

Office Address: 93-95, 2/F, Stock Exchange Building off, I.I. Chundrigar Road, Karachi

Lahore Branch At Zafar Ali Road

Mr. Muhammad Zulqarnain Mahmood Khan

Office Address: House no. 43-A/S, Zafar Ali Road, Aziz Avenue, Gulberg 5, Lahore

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DHA Lahore Branch

Mr. Muhammad Yaqoob

Office Address: Plaza # 67-CCA, Block-DD, DHA Phase IV, Lahore

Registered Branch Addresses

Branches offices


Head Office

8th floor Horizon Tower, Plot no. 2/6, Block III, Clifton, Karachi.

Karachi Branch:

93-95, 2/F, Stock Exchange Building off, I.I. Chundrigar Road, Karachi.

Lahore Branch:

A) House no. 43-A/S, Zafar Ali Road, Aziz Avenue, Gulberg 5, Lahore.

B) Plaza # 67-CCA, Block-DD, DHA Phase IV, Lahore

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