Advertisement
News

Badiuddin Akber, CEO-CDC elected as Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for term 2024-2027

Advertisement

Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for the three year term of 2024-2027 during the proceedings of the ACG’s 26th Annual General Meeting held in Almaty, Kazakhstan on September 11, 2024.

Accordingly, Central Depository Company of Pakistan Limited has also become the ACG Secretariat for the same term. The ACG currently consists of 41 member institutions from 27 countries in the Asia-Pacific region.

This marks a significant achievement for CDC and represents a major milestone for Pakistan in the global securities market. This leadership position not only underscores CDC Pakistan’s capabilities and legacy but also enhances Pakistan’s stature within global financial and capital markets. During its term as the ACG Secretariat, CDC will work closely with regional and global partners to foster collaboration, innovation, and the exchange of best practices within the securities and financial sectors.

With this appointment, Mr. Badiuddin Akber will also be representing the Asia-Pacific Region on the Executive Board of World Forum of CSDs (WFC), the global body of five regional CSD associations including Americas’ Central Securities Depositories Association (ACSDA), Association of Eurasian Central Securities Depositories (AECSD), European Central Securities Depositories Association (ECSDA), Africa and Middle East Depositories Association (AMEDA) and ACG.

Advertisement
News Desk

Recent Posts

Federal Government Plans 25% Salary Hike and New Allowances for Employees

The federal government is set to implement significant salary increases and new allowances for its…

2 days ago

Full Justice for May 9 Riots Dependent on Punishing Masterminds: ISPR

Complete justice over the May 9 incidents would be served when the masterminds and planners…

2 days ago

CCP Fines Karachi Dairy Associations for Collusion in Milk Price Hikes

The Competition Commission of Pakistan (CCP) has levied fines on dairy associations in Karachi for…

2 days ago

AKU’s Dr Zulfiqar Bhutta Honoured Globally

In a proud moment for Pakistan and the global healthcare community, Dr Zulfiqar Ahmed Bhutta,…

2 days ago

OGRA Reduces LNG Prices for December

The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in liquefied natural gas…

2 days ago

Trudeau’s Government on Brink of Collapse as NDP Pledges No-Confidence Motion

Canadian Prime Minister Justin Trudeau is on the verge of losing power after New Democratic…

2 days ago