Explanation

The federal government, on 16th December 2022, approved the appointment of Akif Saeed as the chairman of the Securities and Exchange Commission of Pakistan (SECP). Saeed was appointed as SECP chairman on December 13 by the incumbent government. Saeed had earlier served as Commissioner SECP from December 2014 to December 2017. He joined SECP in 2004 and served as head of various divisions. He has extensive regulatory, operational and business knowledge of various infrastructure entities in the capital markets. During his tenure at SECP, he has contributed significantly towards instituting various legal and regulatory reforms for enhanced corporate governance, transparency, investor education, investor protection and risk management.