Dr. Amjad Waheed

Dr. Amjad Waheed joined the Board as an Independent Non-Executive Director on March 31, 2011. He is also a Member of the Audit Committee of the Company. Dr. Amjad Waheed holds a Doctorate in Business Administration with a major in Investments and Finance from Southern Illinois University, USA, and is also a Chartered Financial Analyst (CFA). Since the inception of the company (seventeen years ago), Dr. Amjad Waheed is the Chief Executive Officer of NBP Fund Management Limited (‘NBP Funds’), which is a subsidiary of the National Bank of Pakistan and Baltoro Growth Fund as the other joint venture partner. NBP Funds is presently managing 26 Mutual Funds, 6 Pension sub-funds, and several Advisory portfolios. Total assets under the management of NBP Funds are presently around Rs.218 billion (As of August 31, 2022). NBP Funds is one of the largest and highest rated Asset Management Companies in Pakistan.

Before joining NBP Funds, Dr. Amjad Waheed was Head of Equity Mutual Funds & Portfolios at Riyadh Bank, Saudi Arabia, for about five years where he was managing USD 7.5 billion invested in 22 mutual funds. Prior to that, he was Head of Investments at NIT, and Chief Operation Officer of FC-ABN AMRO Equities for several years.

Before moving back to Pakistan, Dr. Amjad Waheed was an Assistant Professor of Finance at Tennessee State University, USA and he has published several articles in top journals of the world such as the Journal of Banking & Finance and Financial Management.

Dr. Amjad Waheed has served or is serving on the boards of various companies including Siemens (Pakistan), Nishat Mills, PICIC, Askari Bank, Millat Tractors, Fauji Fertilizer, Pakistan Tobacco, Mehran Sugar, Management Association of Pakistan (MAP), LRBT, BankIslami, Telenor Microfinance Bank, Institute of Financial Markets of Pakistan (IFMP) and International Steels. He has also served as the Chairman of the Mutual Fund Association of Pakistan (MUFAP).

Dr. Amjad Waheed is a certified director from the Pakistan Institute of Corporate Governance (PICG).