Ali Je­hangir ap­pointed as Chair­man JS Bank

The Pak Banker - - FRONT PAGE -

KARACHI: Ali Je­hangir Sid­diqui has been ap­pointed as Chair­man of JS Bank in place of his fa­ther Je­hangir Sid­diqui who re­lin­quished his of­fice re­cently. Ali Sid­diqui is the di­rec­tor of Je­hangir Sid­diqui and Com­pany Lim­ited. He is a mem­ber of the Board of Direc­tors of Pri­vate Sec­tor Devel­op­ment Task Force of the Plan­ning Com­mis­sion of the Gov­ern­ment of Pak­istan and a Mem­ber of the Board of In­vest­ment for the Pro­vin­cial Gov­ern­ment of Sindh.

Ali is also Manag­ing Part­ner of JS Pri­vate Eq­uity Fund, a US$158 mil­lion fund ded­i­cated to in­vest­ing in Pak­istan with CDC, In­ter­na­tional Finance Cor­po­ra­tion, Asian Devel­op­ment Bank, SAMBA Fi­nan­cial Group and Swiss and French in­vestors. From 2002 to 2003 he served as an Ex­ec­u­tive Di­rec­tor of JS In­vest­ments, Pak­istan's largest pri­vate sec­tor mu­tual fund man­ager. From 1998 to 2002, Sid­diqui was based in Hong Kong as a Di­rec­tor at Crosby, a pri­vate eq­uity firm, where he was part of a team that man­aged over US$ 400 mil­lion in pri­vate eq­uity and ven­ture funds in­vest­ing in Asi­aPa­cific. He is a board mem­ber of the Acu­men Fund, a so­cial en­ter­prise fund head­quar­tered in New York that in­vests in Africa and Asia in busi­nesses that serve the poor. Sid­diqui is a mem­ber of the Board of Direc­tors of a num­ber of large pri­vate sec­tor com­pa­nies in Pak­istan. He grad­u­ated from Cor­nell Univer­sity with a BA in Eco­nom­ics. He has also at­tended ex­ec­u­tive ed­u­ca­tion pro­grams at MIT and the Univer­sity of Cam­bridge. His fa­ther, Ja­hangir Sid­diqui is one of Pak­istan's lead­ing en­trepreneurs. He es­tab­lished JS Group in 1970 and grew it to be one of Pak­istan's largest con­glom­er­ates. He re­tired as CEO of JS Group in 1999 and has since ad­vised and chaired the boards of some key group com­pa­nies.

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