Muhammad Ali

Chairman

About

With over 30 years of domestic and international work experience in finance, technology, digital media, real estate and manufacturing sectors, as well as in Pakistan’s public sector, Muhammad Ali has been a successful serial entrepreneur and a policy maker at the national level in Pakistan.

After starting his professional career at Citibank in 1991, Ali moved to capital markets in 1993 where he led a stock brokerage and investment banking firm in partnership with Indosuez W. I. Carr Securities, the Asian investment banking arm of Credit Agricole, a leading French bank. Subsequently, Ali pursued his entrepreneurial ambitions and was the founding partner in some of the leading companies in Pakistan, Canada, UAE and the USA including Inbox Business Technologies, Converge Technologies, Fortune Securities and Al-Shaheer Corporation (Meat One). Ali is currently serving as Chairman of his various companies including MAGM Ventures, with businesses and investments in technology, finance, real estate, energy efficient manufacturing and media.

From 2011-2013, Ali served as Chairman of the Securities and Exchange Commission of Pakistan (SECP), the apex regulator for corporate, insurance and financial sector other than banking. During his tenure, he successfully revamped the country's capital market and corporate governance landscape by ensuring the successful passage and implementation of various laws through the country’s Parliament. Ali is also credited with developing a revised and fully automated capital gains tax regime in the country.

In 2019, the Government of Pakistan tasked Ali to head a committee to undertake a detailed study of the power sector. Consequent to this report, he assisted the Government in successfully re-negotiating power purchase agreements with Independent Power Producers, which is expected to lead to substantial savings of public money over the next thirty years.

Ali has served on Boards of leading Pakistani corporates, Pakistan Stock Exchange (PSX), JCR-VIS -- one of the two credit rating agencies in Pakistan, Federal Board of Revenues’ Tax Advisory Group and the Government of Pakistan’s Economic Coordination Committee of the Cabinet.

Ali holds an MBA from IBA, University of Karachi, an LLM from the University of Toronto and a Mid-Career MPA from the Harvard Kennedy School of Government.

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