GOVERNANCE

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PROFILE OF BOARD OF DIRECTORS


Mr. Shahab Anwar Khawaja – Chairman and Independent Director

Mr. Shahab Khawaja has served in the public sector for almost 36 years as a career Civil Servant of Pakistan Administrative Service (previously District Management Group) and has held many key positions such as Federal Secretary of Privatization and Industries and Production, Additional Secretary Population Welfare, Joint Secretary Economic Affairs Division, CEO of Small and Medium Enterprises Development Authority (SMEDA) and held Director's position in various recognized companies. He has extensive experience in the field of social development, particularly in legal matters, community mobilization and community development. He is also a Certified Director, under Listed Companies’ requirements, as prescribed by the SECP.

Prior to the above-mentioned positions, he served as Secretary to Department of Agriculture and Livestock and Dairy Development, Government of Punjab. Post retirement, he also held the positions of CEO, Competitiveness Support Fund (CSF), a joint Project of Ministry of Finance and USAID and as the Executive Director, Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC). He has served on a number of Public Sector Organizations’ Boards and has represented the Government of Pakistan in multiple International Bodies and Seminars such as UNDP, UNFPA, UNIDO, ECOSOC APO etc.

Mr. Shahab Khawaja holds an MSc. in Chemistry as well as Post Graduate Diplomas in Development Administration from Birmingham University, UK and in Public Policy from University of Connecticut Hartford, USA.

Muhammad Khalilullah Usmani - Chief Executive Officer

A seasoned financial leader with a proven track record of driving growth and innovation, Muhammad KhalilUllah Usmani has been an integral force at JS Global Capital Limited since 2012.

With over two decades of distinguished experience in the brokerage industry, Mr. Usmani has consistently demonstrated exceptional strategic acumen and a deep-rooted commitment to delivering superior results. As Country Head prior to assuming the role of CEO, he spearheaded the equity brokerage business while providing strategic direction to other operational units.

Renowned for his client-centric philosophy and pioneering sales methodologies, Mr. Usmani has consistently surpassed performance benchmarks and cultivated enduring relationships with key stakeholders. His visionary leadership has been instrumental in securing multiple accolades at prestigious domestic and international platforms, including Asia Money, CFA Society, and Finance Asia.

As a core member of JS Global's Management Committee alongside the CEO and COO, Mr. Usmani has played a pivotal role in shaping the company's strategic direction. His expertise in fostering international partnerships was instrumental in executing record-breaking transactions during the landmark MSCI Upgrade of Pakistan in 2017.

Mr. Usmani holds a Master of Business Administration (MBA) with a specialization in Finance.



Mr. Maximilian Felix Scheder
Independent Director

Mr. Scheder has 39-years of professional corporate and banking experience, including serving as board member, senior public-company executive and senior international investment banker. As a Chief Financial Officer, Mr. Scheder was responsible for leading implementation of corporate governance processes and overseeing public corporate filing and regulatory requirements. As a Chief Executive Officer and Board Member, Mr. Scheder has hands-on experience operating and advising on how to build and scale sustainable businesses. As a senior international investment banking executive, Mr. Scheder developed deep corporate and business development, mergers and acquisitions, finance, and fundraising skills.

Mr. Scheder currently serves as the independent board member of 500 Global (California, USA) and Board Member and Chief Financial Officer of Drover AI (Montana, USA). Mr. Scheder’s previous roles included Founder and Chief Executive Officer of various start-ups, Managing Director of Deutsche Bank AG (Frankfurt, Germany), Managing Director of ING Barings/BHF-Bank (Frankfurt, Germany) and Associate Director of Bear Stearns & Co. (New York, USA). Mr. Scheder began his career with Peat Marwick & Mitchell (New York, USA).

Mr. Scheder earned a Bachelor’s of Arts in Economics from Stanford University. He also attended Stanford Executive Program at the Stanford Graduate School of Business and New York University’s accounting program.

Mr. Sohail Sikander – Non-Executive Director

Mr. Sohail is a Fellow member of the Institute of Chartered Accountant of Pakistan. During his career, he has served in various leadership roles with local and multinational institutes including Dawood Family Takaful, Burj Bank and Deloitte. He is currently serving as Chief Financial Officer at BankIslami Pakistan Limited. He has also served in the capacity of non-executive director on the Boards of BIPL Securities Limited, BankIslami Modaraba Investments Limited and Shakarganj Food Products Limited.

Mr. Sohail has an extensive Islamic Banking exposure. In addition to his superior knowledge of finance and accounting, he also has considerable knowledge and strength in the areas of Business Process Re-engineering, Internal Controls, Mergers & Acquisitions, Strategic Planning Process, Corporate Affairs and Information Technology.



Mr. Noman Mubashir – Non-Executive Director

Mr. Noman is a seasoned banker with career spanning over two decades.

He holds a Master’s degree in Business Administration and Bachelors in Computer Sciences respectively.

He is currently working in JS Bank in the capacity of Head of Corporate Banking and China Desk.

Prior to joining JS Bank, Noman was associated with Khadim Ali Shah Bukhari (now BankIslami Pakistan Limited) and Pak Oman Investment Company Limited in senior management roles.



"Unity is strength...
when there is
teamwork and collaboration,
wonderful things
can be achieved."
-Mattie J.T. Stepanek

Syed Jafar Raza – Non-Executive Director

Syed Jafar Raza is a finance professional, with over 2 decades of experience in the areas of Trade Finance, Corporate Relationship Management, Investment and Transaction Banking.

He holds a Master’s degree in Commerce and Business Administration from University of Karachi and Institute of Business Administration, respectively.

He is currently heading Investment, International and Transaction Banking Group at JS Bank.

He held various senior management roles with Bank Al-Habib and Askari Bank Limited where he also served as nominee director of the latter for its brokerage subsidiary.

Mr. Waqas Anis – Non Executive Director

Mr. Waqas Anis is a career banker and a digital enthusiast currently serving as the Chief Digital Officer at JS Bank Limited, where he previously served as the Head of Digital Transformation & International Business. Waqas has over 20 years of professional experience in various local and multinational organizations such as ABN AMRO Bank N.V., Faysal Bank, The Bank of Punjab, and Atlas Bank. He has also worked extensively in the tech implementation business with Inbox Consulting Pvt. Ltd.

Waqas has been leading Digital Banking at various Financial Institutions with a dynamic experience in payment systems, G2P / P2G payments, consulting, IT, ADC, CRM, and Financial Sector Digitization. He has led various large-scale automation programs in the banking industry including Organizational Integration, Financial Service Solutions, Digital Onboarding, Business Process Re-engineering, Alternative Distribution - E-Banking, Core Banking Migrations, and various CRM initiatives.

Waqas holds a Master’s degree in Business Administration from Institute of Business Management Karachi, and graduated in Software Engineering from Bahria University, Islamabad.

Ms. Rabiya Javeri Agha – Independent Director

Rabiya Javeri Agha has been one of senior most bureaucrats in the Government of Pakistan and has spent 37 years’ in public service. She was the first female President of the Pakistan Administrative Service Association, the largest federal association of civil servants in the country. She is a graduate from Mount Holyoke College, USA and the Blavatnik School of Government, University of Oxford. Rabiya was conferred an honorary Doctorate in Law from her alma mater MHC for her work on women and vulnerable groups.

As Secretary, Ministry of Human Rights, she was instrumental in the drafting of 18 human rights based legislations; including the very progressive Transgender Act 2018. Ms. Javeri also helped draft Pakistan’s first and only Child Marriage Restraint Act, which outlawed the practice of early age marriages for young girls in Sindh.

She has recently taken charge as Chairperson National Commission for Human Rights (NCHR), and was unanimously selected by all three political parties of the Parliamentary committee. Under her leadership NCHR held nation-wide consultations to develop a 3-year strategic plan. The strategic plan identifies five core functions of the Commission: Complaint Redressal, Legal Watchdog, Knowledge Production, Awareness/Advocacy and Policy Advisor.

In the last ten months, Ms. Javeri has spearheaded the work on the core functions. The achievements include the enactment of Torture and Custodial Death (Prevention and Punishment) Act, adoption of the enforced disappearances bill and the bill to decriminalize suicide. In addition, NCHR's report on Minority rights has been applauded in the UK’s House of Lords while the President of Pakistan has launched an action plan on mental health based on the NCHR's Mental Health report. The Commission has resolved 2613 complaints of Human Rights abuses across the country and taken 116 suo moto actions on Human Right violations.

She has also actively advocated and raised awareness on various Human Rights issues ranging from juvenile justice to prison reforms, journalist protection and minority rights. The credibility of the Commission has been amplified under her guidance with the government and judiciary seeking the Commission's help in critical inquiries.

KPMG Taseer Hadi & Co. Chartered Accountants , Sheikh Sultan Trust,
Building No. 2, Beaumont Road, Karachi, 75530, Pakistan.

Bawaney & Partners
S.A Law Associates

JS Bank Limited


  • Mr. Maximilian Felix Scheder
  • Syed Jafar Raza Rizvi
  • Mr. Sohail Sikander

  • Mr. Shahab Anwar Khawaja
  • Mr. Sohail Sikander
  • Syed Jafar Raza Rizvi
  • Mr. Muhammad KhalilUllah Usmani

  • Mr. Shahab Anwar Khawaja
  • Ms. Rabiya Javeri Agha
  • Mr. Noman Mubashir
  • Mr. Muhammad KhalilUllah Usmani

  • Mr. Waqas Anis
  • Mr. Maximilian Felix Scheder
  • Mr. Noman Mubashir
  • Mr. Muhammad KhalilUllah Usmani

  • Available here

  • The next Election of Directors will be due to hold on December 22, 2025.