ISLAMABAD: Pakistan government has appointed eminent financial sector professional Aamir Khan as Chairman of the Securities and Exchange Commission of Pakistan (SECP), corporate and insurance sector watchdog.

Aamir has been working as Commissioner, Specialized Companies Division at SECP. According to a notification issued by the Finance Division here on Friday, the federal government has appointed Aamir Khan as Chairman SECP for a period of three years with immediate effect.

The federal cabinet also approved removal of the Chairman SECP, Farrukh Sabazwari from the chairmanship.

Aamir Khan has extensive experience, spanning almost 30 years covering banking, capital markets, structuring of financial solutions/products, leading national initiatives, business transformation, and regulatory reform. Since 2012, he has been serving as an Executive Director (ED) at the SECP.

During his tenure of over 6 years with SECP, he has headed key operational departments i.e. Specialized Companies Department, Securities Market Surveillance Department, Commodities Market Department and International Relations, in addition to Chairman’s Secretariat and Media Department.

He has led key initiatives at SECP such as launching of Commodity Murabaha at PMEX, Agri related initiatives, bringing Microfinance companies onto SECP’a regulatory ambit, finalising of numerous laws and improving EoDB.

Aamir Khan has extensive experience in corporate, investment and institutional banking, spanning over 20 years in Islamabad, Lahore and Karachi. He has also served on senior positions at Standard Chartered Bank, Royal Bank of Canada, and American Express Bank Ltd.

He is a Chevening Scholar, has an MBA degree as well as MSc in International Banking from UK, where he specialized in balance sheet management with derivatives. He is also an associate of the Institute of Bankers in Pakistan.