Senior Management

Mumtaz H Syed

Syed has extensive experience in various aspects of identifying, evaluating and structuring of the financing transaction as an investment banker, coupled with a rich industry experience of setting up and management of projects in the telecom, airline, infrastructure, and cement textile, and energy, Mutual Funds and Financial sectors. Mr. Syed has served as Director on the board of Lahore Stock Exchange (Guarantee) Limited and as Chief Executive Officer of Worldcall Telecom Limited. Mr. Syed has been associated with Crosby Asset Management Limited, First Capital Equities Limited, Falcon Finance Limited, Prime Commercial Bank Limited, First Nishat Modaraba and IGI Investment Bank Limited at senior management positions. Mr. Syed holds MBA from Lahore University of Management Sciences (LUMS), Lahore.

Sardar Ali Wattoo

Ali is a professional with over two decades of extensive experience in projects development and financial management of companies in various business sectors including airline, telecom, real estate, financial services, print and electronic media, independent power producers (IPPs), textiles (spinning, weaving, finishing, garments, knitwear), packaging, fertilizers, farm tools and engineering goods, and health care in Pakistan, Sri Lanka, Bangladesh, and Iran. Previously, he has been associated as Chief Operating Officer with JS Private Equity, Group Director Finance with Worldcall Telecom Limited, Head Corporate Finance at Crosby Pakistan, Financial Controller at Kohinoor Energy Limited and Southern Electric Company Limited and Head of Internal Audit at Nishat Mills Limited. He articled with A. F. Fergusson and Company (Chartered Accountants) and is a Fellow Member of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Chartered Secretaries and Managers, Pakistan.

Usman Haider

He has professional experience of over 16 years in financial management, corporate advisory, project finance and development in various industries including power, telecommunications, airline, engineering, information technology, food, logistics, real estate, media, fertilizer and financial services. He has been involved in a number of financial and corporate advisory assignments for leading corporates of Pakistan as well as international clients including, amongst others, Nishat Group, JDW Group, Descon Group, Crescent Group, Fauji Foundation, Army Welfare Trust, OCS, and City Schools. Previously, Mr. Haider worked as Head Treasury and Corporate Finance with Worldcall Group. He has served as Vice president Finance of Southern Electric Power Company Limited. Mr. Haider is an MBA from Institute of Business Administration, Karachi (IBA).

Ahmad Bilal, MS, MBA

Bilal completed his Articles from Ernst & Young Pakistan (1998) and is AFC, CFA (level1), MS (Management), MBA (Marketing). He is also holds the designations of FICS, FITM, FICM and FIMM. Bilal has also PGD in Hospitality Management and Islamic Banking along with certification in Finance and Human Resource. He is also a member of MAP, MRP, ULI, ICSC, CFE and AICFA. He has undertook trainings in Project Management, Risk Management and Agile Management, Code of Corporate Governance, etc. Bilal has recently joined the Integrated Equities team as Chief Operating Officer with special focus on corporate and financial restructuring with special care for legal as well taxation matters. Bilal has for over 20 years of extensive experience in corporate finance, financial, accounting, taxation, legal matters, forensic, projects development and management. He joined First Capital / Worldcall / Pace Group in 1998 and served on various key positions in the Group including Director Corporate, Legal and Tax. Before leaving the Group, Bilal was working as a COO of Pace Group and was responsible for day to day operations of the Real Estate division of First Capital / Pace Group including Business Development and Marketing. He was earlier also the CFO of the Pace Group. Bilal played a vital role in the setting up and managing and strategically planning of the Real Estate Division. Bilal has worked on various transactions involving feasibility studies, private placements, initial public offerings, strategic agreements, dealing with regulatory authorities, other public sector institutions, issue of debt securities including TFC and Foreign Currency Convertible Bonds, valuation/analysis of companies and restructurings and his expertise include strategy, planning  & executions and has special interest in Intellectual Capital & Knowledge Management.

Syed Kashan Kazmi, MBA

Syed Kashan Kazmi, a highly focused, results orientated senior level finance and management professional with extensive hands-on diverse experience in Treasury, Financial Accounting, Asset Management, Project & Procurement Administration and Business leadership. Syed is offers over 21 years of progressive experience for serving a variety of industries. Devising innovative solutions across Contracting and Construction, Equity Brokerage, Telecom, Real Estate Development and Marketing, Electronic & Print Media, Insurance, Business Development, Assets Management & Mutual Funds. Syed is multi skilled professional recognized for his leadership, people management, problem solving and negotiation skills, Syed has the ability to function effectively on a strategic and tactical level simultaneously. Syed is an avid learner with a never say die attitude and a huge appetite to gather the knowledge aimed towards enhancing professional skills. He is good in negotiating with bankers, clients, government agencies, and suppliers.

Muhammad Asad Butt, MBA

Asad Butt is Executive Director and Head of Sales at IEL and is supervising the company’s overall team. He is a member of Institute of Capital Markets (ICM). Asad brings with him decades of experience in the fields of Advisory, Discretionary/Non-discretionary Funds Management. He has previously served as AVP in Escorts Capital (Pvt.) Limited, overseeing equity business. He served as head of sales in First Capital Equities for more than12 years. He also worked with HG Asia as an equity dealer. Asad holds an MBA with major in Marketing & Finance.

Umair A. Zafar, ACA

An Associate Chartered Accountant with more than 5 years of work experience with KPMG Pakistan and UAE. Expertise in financial analysis and modeling, business valuations, M&A advisory, capital restructuring, due diligence reviews, strategic analysis, risk analysis, product development, and cross-functional team-management. Umair has been involved in number of Corporate Finance engagements involving feasibilities, valuations, sensitivity analysis, scenario analysis, procedures and Contractual Compliance Review, Regulatory Compliance Review, Preparation of transaction documentation and has conducted various financial advisory and assurance assignments in non-government and other sectors.


Zaeem Tahir, CFA

Zaeem is a CFA Charter holder and graduate from Oxford Brookes University (UK) and an ACCA affiliate. He is head of Internal Audit.
Zaeem possesses diverse auditing and taxation background gained under A.F. Ferguson & Co. (member firm of PwC) that includes oil and gas, power, fertilizer, banking and telecommunication sector. Zaeem also has considerable financial consultancy experience associated with leading companies in oil and gas, IPPs, airlines, railways, tobacco, textile, fertilizer, cement and automobile industries.

Muhammad Bilal Hanif

Bilal Hanif is working as Manager Accounts. He is a Commerce graduate and has completed Articleship from Nasir Javaid Maqsood Imran Chartered Accountants. Bilal has over 8 years of extensive experience in the field of Accounting, Audit, Corporate, Financial Reporting and Taxation.

Muhammad Fawad

Head of I.T, Integrated Equities

Fawad is Head of I.T for IEL. He has extensive exposure of more than 14 years in the field of IT. He headed the implementation of network level security in IEL to secure company’s network. Prior to joining the IEL, he led all aspects of information technology, as a network and systems administrator, in various companies such as World Call Telecom Limited and First Capital.

He believes that Information Technology plays a vital role in every organization especially those belonging to the financial sector. He sees I.T as a major revolution in the upcoming future and thus has plans in place to elevate company’s technology infrastructure to the next level, allowing IEL to grow in the financial market in a prudent, efficient and strategic manner.

Fawad holds a degree in Masters in Computer Sciences (MCS).

Muhammad Umair Altaf

Umair is working as a Research Analyst. He is Chartered Certified Accountant (ACCA)-UK, a graduate of Oxford Brookes University (UK) and CFA level III candidate. He demonstrates competency in synthetics and evaluation of investment concepts in the context of equity research (fundamental & technical analysis), financial and business analysis and portfolio management with hands on experience in the described areas as well as in complex financial modeling and writing research reports.

Muhammad Iqbal Hussain

Muhammad Iqbal Hussain is Working with us as Compliance Officer. He done is B.Com in 2004 and cleared PIPFA certification in 2004 as well. He started his professional carrier with Riaz Ahmed and Company Chartered Accountants and spent a year while also done his CA-Inter with a referral. Later on, Iqbal served in different capacities in the fields of Accountancy, Finance, Budgeting and Internal Audit in different prestigious organizations ie DESCON Engineering, Crescent Sugar Mills & Distillery Ltd, Army Welfare Trust etc. He also served in Middle east in an EPC company.

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