محمد Khan, CFA, FRM

Portfolio Management for Tasnee as a Holding Co.
- Dissecting various business segments to understand future growth prospects and value accretion
- Responsible for formulating long-term strategy and the steps need for portfolio alignment
- Scoping for potential partners, valuations, deal structuring and negotiation for partial and/or complete divestiture of companies in the Metallurgy and TIC business segment (non-core)


Ideation to feasibility studies for onwards presentation to Industrial cluster (IC)
- Financial model to quantity risk and return profile, market study to identify price trends, expert interviews for demand forecasting, scenarios & stress testing, etc.
- Responsible for communication with Senior Management Team & Board Investment Committee (BIC) - Presentations, reports and proposals


Business Restructuring
- Compartmentalization of select risks, given the long term cashflows outlook - a) accepted risk: price & production, etc.; b) risk minimization: technology via licensing agreements, etc.; c) risk mitigation: business Interruption Insurance, etc.
- Business model restructuring for underperforming assets - shared service system

Merger & Acquisition
- Devised a back-ended hope note structure for a $4bn debt restructuring for Turk Telecom via pre-packaged default and subsequent equity warehousing for onwards change of control
- Financial modeling for assessing risk return profile
- Manage a team of Advisors (Financial: JPM and Legal: Freshfields)
- Negotiating with Sponsors, Lenders & Govt. Officials

Strategizing STC’s Portfolio Adjustment
- Establishing STC Money Market portfolio by ALM approach
- Establishing STC’s long term structured Investments
- Worked with Cambridge Associates to establish STC’s long term strategic portfolio allocations and reporting mechanism

Managing risk related to FX and derivate trade for STC treasury desk (STC treasury book is ~$6bn)
- Manage multiple currency exposure (business spans across nine countries)
- Manage SAIBOR and USD-SAR exposure for building an immunized asset-liability matched long term Inv. portfolio

Prepared and presented the following to the Board Investment Committee of STC
- In-depth portfolio review Investment (subsidiaries and associates) & structured Investments
- Adoption of asset - liability management by revamping STC’s dividend policy and eliminating balance sheet mismatches
- Issuance of a global sukuk for rationalizing of cost of capital and diversifying funding lines
- Asset monetization plan

Assigned by the CFO to work with the financial reporting team (KSA only) to develop management reporting dashboards (with critical operational & financial KPI post benchmarking) and re-organize the board reporting templates.
- Global & regional benchmarking to identify performance gaps
- Contemplate strategies with the business teams to cover the operational cracks
- Study operational models and strategies of global telecom giants to strategize future course

Responsible for group-wide planning and budgeting:

-Capital Market Transactions related to equity floatation/listing of subsidiaries (Initial Public Offering - IPO of Engro Powergen Qadipur Limited)

- Group wide planning, consolidation and management reporting of all Engro Subsidiaries (Engro Corporation Limited’s subsidiaries operate in the Fertilizers, Petrochemicals, Chemical storage and handling, Energy, Foods and Trading businesses)

- Handling Finance & Planning along with Treasury: Group-wide Planning and funds arrangement for various projects (New Capex/Replacement Capex)

- Group-wide valuation and recommendations for the Board Investment Committee (BIC)

-Liaison with Regulator, Stock Exchanges, Banks and Investors - Investor Presentations and financial projections

-Strategy formulation for sustaining future growth and maximizing total share

-Prepared the financial feasibility of Engro’s Agri-Business Vertical Vision 2020

- Ensuring liquidity along with efficient cash management, enhanced short term lines from PKR 1.5bn to PKR 5bn

-Raising, managing corporate debt and maintaining cost-effective financing for various Capex projects

Teaching Business Finance over the weekend at IBA
Responsible for aligning IBA's finance curriculum with the CFA Institutes Body of Knowledge (BoK)

Responsible for preparing ‘State of the Economy’ report; an economic review paper presented on monthly basis in the Asset Liability Committee (ALCO) meeting

Responsible for recommending the investment strategy in view of the prevailing economic scenario for the Treasury & Capital Markets Departments; presented in ALCO meetings at the start of every quarter

Developing in-depth Financial Models for the following sectors; banking (focusing on top/mid tier banks) sector, fertilizer sector, cement sector and power sector

Key achievements:

Conceptualized and Developed an Integrated Corporate Plan that was presented to the board of director (BoD) for approval. The corporate plan was not only approved and in effect became a guiding document for the entire company with quantitative & qualitative targets to be achieved in the upcoming year. The corporate plan elaborates and streamlines cash-flows of the company along with its two subsidiary & seven associated companies, aiding my company in planning timely investments, while ensuring adequate liquidity.


Evaluated, developed, along with conducting the internal marketing for PRE-IPO investment in Nishat Chunian Power Limited, an investment banking proposal. The investment helped my company's equity in out-performing the local bourses KSE-100 index in the year 2010.

Cleared all three levels of the CFA examination in the very first attempt, along with working 80 hours a week and timely delivering assigned projects/work

On behalf of the Managing Director, prepared Letters for correspondence with the Ministry of Finance (MoF), State Bank of Pakistan (SBP) and other governmental institutions

Prepared a paper for the External Policy Wing of The Ministry of Finance, elaborating on the economic opportunities for joint venture projects between The Kingdom of Kuwait and Government of Pakistan. The paper was discussed at length by the President during his visit to Kuwait in the recent past