Our People

Management Team

Iqbal Khan
Chief Executive Officer

Iqbal Ahmad Khan is the Chief Executive Officer of Fajr Capital. He is also a member of the Board of Directors of Bank Islam Brunei Darussalam, Cravia Group, Jadwa Investment and MENA Infrastructure. Prior to Fajr Capital, he was the founding CEO of HSBC Amanah, where he built the business and team over eight years into one of the fastest growing and most successful emerging businesses in the HSBC Group. He is a long-time advocate of the Islamic financial services industry, serving as an advisor to government initiatives in Brunei, Malaysia, Saudi Arabia, Singapore, United Arab Emirates and the United Kingdom. He holds a Master’s degree in Political Science and International Relations and a B.Sc. (Hons) in Physics and Chemistry, both from Aligarh Muslim University. He is the recipient of several industry and global accolades, including the Royal Award for Islamic Finance, a biannual prize presented by HM the King of Malaysia, and a Lifetime Achievement Award presented by HH Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE.

Rizwan Kherati
Managing Director and Chief Financial Officer

Rizwan Kherati focuses on corporate and investment operations and is the Chief Financial Officer at Fajr Capital. Mr Kherati also represents Fajr Capital on the Board of Directors of Biogen, a leading UK-based renewable energy firm. He has led a variety of functions at leading international firms, including financial control, financial analysis, audit, risk management, compliance and operations. Prior to Fajr Capital, Mr Kherati was the Global Head of Finance and Risk at HSBC Amanah. In earlier roles, he worked at HSBC Financial Services (Middle East), Orix Leasing and PwC. He is a qualified chartered accountant, cost and management accountant, corporate secretary and internal auditor.

Tom Hodgson
Managing Director

Tom Hodgson is a Managing Director at Fajr Capital and covers principal investments, primarily focused on consumer related sectors across MENA, Turkey and South East Asia. Tom has led a number of private equity transactions at Fajr Capital, and sits on the board and committees of several portfolio companies. Prior to joining Fajr Capital, Tom worked as Director, Corporate Finance Advisory at Deloitte. He has more than sixteen years of advisory experience in sell-side and buy–side M&A, IPO advisory, business and asset valuations and capital restructuring. He has worked on transactions in Europe, US, Asia and the Middle East. Tom is a certified chartered accountant (ACA), has an Executive MBA from CASS Business School and an Islamic Finance Qualification from the Securities & Investment Institute (SII).

Zahid Kamal
Managing Director

Zahid Kamal is a Managing Director at Fajr Capital. He is actively involved in various aspects of Fajr Capital’s transactions (including origination, execution and portfolio management) and strategic initiatives. He is also a board and executive committee member of several Fajr Capital portfolio companies, including Cravia Group, and is a member of Emerging Markets Private Equity Association’s Middle East Council. Prior to Fajr Capital, Zahid was a senior lawyer at Ashurst LLP in London and Dubai, where he advised Fajr Capital and other corporate clients. He has over fourteen years’ experience in UK and MENA public and private company transactions, including private equity, M&A, public takeovers, IPOs, investment funds, secondary offerings, restructurings and joint ventures.

Mubashar Khokhar
Managing Director (on secondment to Bank Islam Brunei Darussalam)

Mubashar Khokhar is the Managing Director of Bank Islam Brunei Darussalam. He is a seasoned financial services professional with more than 30 years’ experience across fifteen developed and emerging markets, including the USA, Europe, Asia, Africa and the Gulf Cooperation Council (GCC). Prior to Fajr Capital, Mr Khokhar was the CEO of Ajman Bank, a publicly listed Shari’a compliant bank in UAE, and also served as the CEO of Badr Al-Islami/Mashreq Al-Islami, a wholly owned subsidiary of MashreqBank. During his reign, Ajman Bank received widespread industry recognition, including the coveted ‘Best Domestic Bank’ award in 2011. Mr Khokhar has previously served on the Board of Directors of Badr Al-Islami and SAMBA Pakistan Ltd, and held senior positions in American Express Bank and Bank of America. He has an MBA and BBA (Hon.) from Ohio University, USA.

Atif Mahmood
Managing Director

Atif Mahmood is a Managing Director at Fajr Capital and covers principal investments. He has led Fajr Capital’s investments in the oil and gas (including the successful acquisition and subsequent exit of National Petroleum Services), industrial manufacturing, and infrastructure sectors, and serves on the board and executive committees of various portfolio companies. Prior to joining Fajr Capital, he worked at PwC in Dubai and Karachi. He is a qualified Chartered Accountant, Chartered Management Accountant and Chartered Financial Analyst, with a record-setting nine gold medals at the Institute of Chartered Accountants in Pakistan and a joint third highest in the world in Financial Accounting at the Chartered Institute of Management Accountants in the United Kingdom.

Salman Ashraf
Director (on secondment to Bank Islam Brunei Darussalam)

Salman Ashraf is an International Director at Fajr Capital and the Head of Treasury and Markets at Bank Islam Brunei Darussalam. He is a qualified Chartered Financial Analyst (CFA) and an Islamic Treasury and Global Markets expert with over 24 years of experience working in the MENA, Central Asia and Far Eastern regions with top tier institutions such as Standard Chartered, HSBC Amanah, ABC and latterly as the Global Head of Islamic Distribution at Deutsche Bank. He holds a Master’s degree in Business Administration, a PGD is Systems Analysis and is a member of the CFA Institute.

Lara Dajani
Legal Counsel

Lara Dajani works as Legal Counsel in the Legal and Corporate Affairs Department at Fajr Capital. Lara previously worked for Linklaters in London as a Dispute Resolution Paralegal. Lara completed a two-year training contract at Fajr Capital, including a 3-month secondment to Freshfields, and qualified as a solicitor of England and Wales in January 2019. Lara holds a BSc. in Business (Finance) from the University of Sussex and completed the Graduate Diploma in Law and Legal Practice Course in BPP University in London.

Hasli Hasan
Head of Human Capital Management and the CEO’s Office

Hasli Hasan is currently responsible for human capital management and administration, and is Head of the CEO's Office at Fajr Capital. He joined Fajr Capital from Khazanah Nasional (the Government of Malaysia's strategic investment fund), where he was Special Officer to the Managing Director / Chief Executive Officer. Prior to that, he spent a few years in equity research and project management roles in Malaysia. He holds an Executive MBA from Imperial College London, a Master of Philosophy (in Engineering) from University of Cambridge, and a Bachelor of Science (in Electrical Engineering) from Purdue University.

Manglam Jain
Associate Director

Manglam Jain is an Associate Director at Fajr Capital and focuses on principal investments. He joined Fajr Capital in 2011 and has over a decade of Investment Banking experience. He has an MBA (Finance) from the International Management Institute, Belgium, and has completed the Chartered Financial Analyst (CFA) programme.

Khizer Kapadia
Associate Director

Khizer Kapadia is an Associate Director and the Financial Controller at Fajr Capital. He is also involved in various aspects of Fajr Capital’s transactions and strategic initiatives. Mr Kapadia serves as a member of the Audit and Risk Committee of Cravia Group. Prior to joining Fajr Capital, he worked at PricewaterhouseCoopers and Unilever. He is a qualified Chartered Certified Accountant (ACCA) and completed his Chartered Accountancy (CA) from the Institute of Chartered Accountants of Pakistan with several distinctions.

Gyorgy Ladics
Director (on secondment to Bank Islam Brunei Darussalam)

Dr. Gyorgy Ladics is an International Director at Fajr Capital and the Chief Operating Officer at Bank Islam Brunei Darussalam. He was previously Chief Information Officer at Barclays — Emerging Markets region. He enabled Barclays’ geographical expansion and entry into new markets like India, Pakistan, Russia and the re-launch of businesses in UAE, Egypt and Uganda by providing essential Operations and Technology capabilities. Prior to joining Barclays, he was Vice President at Citigroup, where he held various senior positions including Chief Operating Officer in Czech Republic, Head of Technology for Central European Region, and Senior Operating Officer in Hungary. Dr. Ladics holds a Master’s degree in Electrical Engineering and Informatics and a doctorate degree from Budapest University of Technology and Economics.

Arsalan Mustafa
Associate Director

Arsalan Mustafa is an Associate Director at Fajr Capital and focuses on principal investments. He joined Fajr Capital from Goldman Sachs, where he was an Associate, Research. He has more than a decade of experience in equity research and direct investment in the Middle East, including previous roles at HSBC and SAIB BNP Paribas. Mr Mustafa holds a bachelor’s degree from McGill University and an Executive MBA from Cass Business School. He is also a qualified Chartered Financial Analyst (CFA).

Tahir Muzaffar
Director (on secondment to Bank Islam Brunei Darussalam)

Tahir Muzaffar is an International Director at Fajr Capital and Head of IT and Strategic Projects at Bank Islam Brunei Darussalam. Prior to this role, he was a Senior Vice President - IT Transformation and Portfolio Management at Al Hilal Bank. Prior to that, he was an International Director at Fajr Capital on full-time secondment to Bank Islam Brunei Darussalam (BIBD) as an O&T Advisor. He was previously the Regional Head of Cards Technology for Emerging Markets at Barclays Dubai, where he led multi-disciplinary teams for new card implementations and supported Card issuing and acquiring platforms from IT and Operations perspectives. He holds a Bachelor of Science in Engineering from University of Texas at Arlington.

Maurice Rached
Associate

Maurice Rached is an Associate at Fajr Capital and focuses on principal investments. Prior to Fajr Capital, Mr Rached was on the Investment Banking team at Morgan Stanley (Dubai) and has also worked in the Corporate Finance/M&A team at PwC (Dubai). He has more than eight years of experience in private equity and investment banking focusing on buy-side transaction structuring, M&A execution, business valuation and equity capital markets execution (IPOs), primarily covering the consumer goods, healthcare and TMT sectors. He holds an M.Sc. in Finance from Georgetown University.

Imran Samee
Director (on secondment to Bank Islam Brunei Darussalam)

Imran Samee brings a wealth of experience in consumer banking to Fajr Capital, having held senior roles across the Middle East and Europe. He helped to establish Al Khaliji Commercial Bank in Qatar, serving as Head — Retail Banking Group and then as CEO of its subsidiary BetaQat, a processing services provider for GCC financial institutions. He was Head of the Retail Banking Group for Dubai Bank, and managed its conversion to Shar’ia compliant operations. He was Country General Manager for Mashreqbank Qatar, and led its transformation into a full–fledged consumer banking operation with a USD 0.5b+ balance sheet. He began his career with Citigroup, serving at Citibank Pakistan and at the Saudi American Bank. Mr. Samee holds a BSc (Hons) in Economics from the London School of Economics and Political Science.

Cyril Samin
Senior Associate

Cyril Samin is a Senior Associate at Fajr Capital and focuses on principal investments. He joined Fajr Capital from Citi, where he was an Associate in the Middle East Investment Banking Team based in Dubai. Prior to that, he was based in London and was part of Citi’s Transportation & Infrastructure Investment Banking Team, which he joined in 2010. Mr Samin holds a master’s degree in International & Corporate Finance from ISC Paris Business School and an undergraduate degree in Business Management from Université de Versailles Saint-Quentin-en-Yvelines in France.

Ben Sautelle-Smith
Director

Ben Sautelle-Smith is a Director, Legal and Investments at Fajr Capital. Mr. Sautelle-Smith has a broad remit at Fajr Capital, including the structuring, negotiation and implementation of investments and exits, portfolio management activities and internal corporate governance, operational and investor matters. Mr. Sautelle-Smith has represented Fajr Capital at the board and committee level of its portfolio companies. Mr. Sautelle-Smith is a dual-qualified English and New York lawyer and previously worked in the London office of leading US law firm Covington & Burling LLP. Mr. Sautelle-Smith holds a First Class LLB (Hon.) degree from Exeter University with commendation for graduating top of year.

Mansoor Shakil
Director

Mansoor Shakil is a Director at Fajr Capital and focuses on principal investments. Prior to Fajr Capital, he was Director, Asset Management Group at the Doha–based Al Rayan Investment, where he launched and co–managed Al Rayan GCC Fund and led landmark deals for Qatar First Investment Bank and Gulf Bridge International. Mr Shakil was previously with HSBC Amanah, where he was instrumental in launching the full product suite for HNWIs, corporates and retail customers as well as cross functional support for investment banking clients. Mr. Shakil holds LL.M. degrees from Harvard Law School and Cambridge University, as well as an LL.B (Hon.) degree in Shariah & Law from International Islamic University, Islamabad.

Noman Tahir
Head of Business Development and Communications

Noman Tahir oversees business development and communications at Fajr Capital. He is involved in various aspects of Fajr Capital’s investment activities and is also responsible for spearheading the development and management of Fajr Capital’s key industry and institutional relationships. Mr Tahir has a decade of experience in developed and emerging markets. He started his career at Weber Shandwick, advising multinational financial services institutions on public affairs and policy in the aftermath of the 2008 financial crisis. He graduated from the University of Glasgow with a MA (Hons) in Economics and is an Alumnus of the U.S. Department of State’s International Visitor Leadership Programme.

Talha Tariq
Analyst, Finance

Talha Tariq is an Analyst at Fajr Capital. He joined Fajr Capital from A.F. Ferguson & Co. (a member firm of the PricewaterhouseCoopers (PwC) network), where he had worked as an Assistant Manager – Assurance. He is a qualified Chartered Accountant (at the Institute of Chartered Accountants in Pakistan) and holds a Bachelor of Commerce from Karachi University.