BMA Capital, an Abraaj Capital portfolio company, has appointed its co-founder and executive vice chairman, Moazzam Mazhar as its chief executive officer.

Malik brings 22 years of consulting and business experience in the UK and Middle East, as well as experience of the financial sector and privatisation in Pakistan.

Malik has a BSc in Electronics from University of Sussex, UK, and a Masters in Management from the MIT Sloan School, Cambridge, USA.

Farrukh H Khan, co-founder and CEO of BMA Capital since 1992 is now executive vice chairman of BMA Capital and will remain executive director of BMA Capital.

“Over the last 2 decades, Moazzam M Malik has led several of BMA’s most significant initiatives, from building the corporate finance and advisory business to launching BMA’s Retail Brokerage unit. In each instance, Moazzam has made it both his personal mission and that of BMA to excel in each of these segments,” said Matteo Stefanel, executive director at Abraaj Capital.-TradeArabia News Service