Acumen Fund, a pioneering non-profit global venture firm addressing poverty across Africa and in South Asia, on Tuesday announced the appointment of Farrukh H Khan as Country Director in Pakistan. He has been serving as a consultant and senior advisor to the team for several months and will be joining as Director to lead operations in Pakistan. As Pakistan Country Director, Farrukh will also serve as the CEO and member of the Board of Directors of the non-profit local entity Acumen Fund Pakistan.

"We are thrilled to have Farrukh join in this capacity," said Jacqueline Novogratz, CEO of Acumen Fund. "As a long-time investment professional and a respected member of the Pakistan business community, he has already made an indelible impact on our organisation working closely with the Pakistan team in recent months."

With over 25 years of senior management and board level experience, Farrukh is founding partner and former CEO of SMA Capital Management Limited and was instrumental in building all the business areas of BMA. He has worked on many landmark transactions in Pakistan, including advising the Privatisation Commission on the US 813 million dollars GDR offering of Oil and Gas Development Company Limited (OGDCL), which was listed on the London Stock Exchange, and successfully advising Etisalat on their 2.6 billion dollars acquisition of PTCL (the largest mergers and acquisition transaction and the largest foreign direct investment in the history of Pakistan). BMA received several international awards including the 2010 Euromoney award for the best investment bank in Pakistan.-PR

Copyright Business Recorder, 2012