Governance

Mr. Faisal Khan has been appointed as CEO at IGI General with effect from 16 February 2024. Faisal has been with the Packages Group for the last 18 years in different leadership roles and he boasts a proven track record of driving growth and success, having played a pivotal role in transitioning IGI General from a captive to a market-oriented business in the non-life segment. Faisal established the crucial Risk Management Function at IGI, fostering a strong risk-awareness culture within the Company and the Group. Notably, he spearheaded in crafting new partnerships with world renowned reinsurers and several multinational insurance networks across the global non-life insurance ecosystem.

Being a skilled insurance professional with a strong foundation in engineering coupled with a successful career in the insurance industry, Faisal brought a unique blend of technical expertise and business management acumen. He has attended numerous professional development programs in Pakistan (LUMS) and global centres of excellence in the insurance world during his service at IGI. He is a member of the Chartered Insurance Institute, UK; and have been a member of the Executive Committee of the IAP since 2021 until 2024 besides he has served as a Chairman of the Property (Technical) Committee at IAP after consecutively serving as a member since 2009, representing IGI.

Mr. Syed Hasnain Ali is a Director of HY Enterprises Pvt Ltd. & Paper Clip Pakistan Pvt Ltd. and also a Partner in MAGNUS. He is actively taking part in running the diversified group of companies that are involved in commercial printing, educational services, retail, fashion bags, work wears, uniforms and furniture, electronics & commodities trading, etc. At IGI General, his experience and business insight will be valuable in charting a course towards greater expansion, profitability and strategic growth for the company.

Mr. Hasnain received his Bachelor’s Degree in Communication and Business Studies from the University of Buckingham and went on to complete a Post-Graduate Diploma in Service Management. He began his professional career at Nestle Pakistan Ltd. as a training coordinator in the HR department, and formed HY ENTERPRISES in 2007.

Mr. Hasnain has also served on the board of Wazir Ali Industries.

Mohammed Syed is a senior business executive and General Counsel at a FTSE 100, with significant strategic, group-level experience in Board, Executive Committee & CEO advisory, ESG/Corporate Governance, International Law, Mergers & Acquisitions, Disputes, Audit, Risk, Cyber Security, Legal & Regulatory Compliance, and Crisis Management.

Mr. Syed has contributed to shaping global business strategies by driving large-scale transactions, optimizing operational efficiency, and leveraging technology to enhance corporate outcomes. His mission is to enable organizations to achieve impactful results through strategic legal guidance, innovative problem-solving, and collaborative leadership. He thrives in aligning business objectives with sustainable growth, promoting diverse perspectives, and fostering a culture of innovation.

As Shell General Counsel for Projects & Technology, he played a pivotal role in overseeing supply chain optimization, digital transformation, and global operational improvements.

In his role as VP for Government Relations, he was Shell’s most senior relationship executive working at Ministerial level with governments and multilateral institutions and at board level with the national oil companies, to promote Shell business interests.  Shell’s 27 country chairs in Asia from Australia and New Zealand, to China, Malaysia, Brunei, Philippines, India, and Pakistan reported into him. His areas of responsibility and expertise include advocacy on key international issues as well as reputation and media management, and through the country chair network, managing cross business accountabilities including functional responsibility for Shell’s Asia GR teams.

Mr. Syed read PPE at Oxford, then qualified as a barrister and practiced in the High Court in England, then qualified as a solicitor and became a partner at Reed Smith, global law firm.  He is also admitted to the Punjab High Court.

He has been the Shell nominated representative to Chatham House (The Royal Institute of International Affairs), The International Institute of Strategic Studies and The Royal Society of Asian Affairs and a Board member of key commercial or trade organizations including Netherlands Japan Society, Malaysia Business Council, the Pakistan Britain Trade and Investment Forum and the Singapore British Business Council.

Ms. Maheen Rahman has over twenty years of experience in investment banking, research and asset management. Currently she serves as the Chief Executive Officer of InfraZamin Pakistan, a Private Infrastructure Development Group (UK) company, and has played a crucial part in setting up operations and developing a project pipeline. InfraZamin’s credit guarantees assist in de-risking projects and transactions to enable access to finance to underserved sectors and companies. Under her stewardship InfraZamin has developed and executed a number of award-winning transactions that have achieved local and global repute.

In her previous appointment, Ms. Maheen Rahman served as the Chief Executive of Alfalah GHP Investment Management where, under her leadership, Alfalah Investments has grown to be one of the largest asset management companies in Pakistan. Prior to that, she was the Chief Executive of IGI Funds, Head of Research at BMA Capital Management, Corporate Finance Associate at ABN AMRO Bank and Investment Banking analyst at Merrill Lynch. She has the experience of working across multiple geographies during her career.

Ms. Maheen Rahman has been featured on Fortune’s “40 Under 40’s women to watch” list, in 2015.  She also serves on a number of boards with notable directorships at the Securities and Exchange Policy Board, Independent Director at GlaxoSmithKlein Pakistan, Independent Director at Khaadi, Independent Director at Centre for Economic Research in Pakistan and Independent Director at Systems Limited.  She is also the former Director of Special Technology Zones Authority, former Director at Nasra Public Schools, Advisor to KatalystLabs, former Chairperson and Director of the Mutual Funds Association of Pakistan, former Director Pakistan Institute of Corporate Governance and former Member of the Prime Minister’s Task Force on Restructuring of Evacuee Property Trust Board.

In addition to her extensive work experience and professional achievements, Ms. Maheen Rahman holds a Bachelor of Science (Hons) degree in Economics from the Lahore University of Management Sciences (LUMS) and a Master of Science in Finance and Economics from Warwick Business School in the UK. She also has several capital markets certifications including Series 7 from the New York Stock Exchange and is a certified independent director from the Pakistan Institute of Corporate Governance and the Australian Institute of Company Directors.