Lahore School of Economics

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Putting Investor First

Ashraf Bava, CFA, Chief Executive Nael Capital (Pvt) Limited, President CFA Society Pakistan

There are inherent rights of investor when they work with financial professionals and when then enter into any financial transaction. Investor Rights apply not just to services provided by financial professionals but also to products offered by financial firms. These products may include, but are not limited to, checking accounts, insurance policies, annuities, mutual funds, retirement accounts, brokerage accounts, stocks, bonds, options, commodities, and alternative investments, such as hedge funds. These rights are truly global and apply to all countries and locations, all financial markets and products, all the time. This is intended to empower you as an investor to both understand and claim your Investor Rights in financial matters. Before you meet with a financial professional or purchase a financial product, review the Statement of Investor Rights and the guide in your folders. When it comes to financial matters, the more information you have, the better.


Ashraf Bava, CFA did his BBA (Hons) and MBA from Institute of Business Administration, Karachi in 1994 and subsequently became a Chartered Financial Analyst (CFA) in the year 2001. After briefly working for a cellular company he joined the brokerage industry and worked in places like AKD Securities and Indosuez WI Carr Securities. He worked in the Equity Sales department and was heading the equity desk at Elixir Securities before taking the management role of Chief Executive in 2005. He has travelled extensively to market Pakistan equities and to attend conferences in US, UK and Far East. In 2009 he set up Nael Capital (Pvt) Limited which is a corporate brokerage house of Karachi Stock Exchange. He has also served on the boards of Karachi Stock Exchange and National Clearing Company of Pakistan Ltd. in the year 2011 and also chaired the Trading Affairs Committee of the Exchange. He has been volunteering for CFA Society Pakistan since its inception in 2002 and has served on various boards of the society. He is currently serving as the President of the society for a 2 year term. At the society level he has been actively involved in promoting ethical standards, best practices and awareness of global products in the local capital markets by arranging various seminars, webcasts and other advocacy initiatives.

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posted by S A J Shirazi @ 5/30/2014 10:00:00 AM,

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