Parvez Ahmed Shahid (born 20 December 1948) is a retired banker and in his most recent role served as co-chairman of the Central Management Committee at Bank Alfalah from 2006 to 2011. Prior to this he worked for an international bank in which his last role was that of head of global treasury and resigned from BCCI in June 1991.
Shahid also served as the coordinator in Pakistan for Abu Dhabi Group , a group based in the United Arab Emirates and headed by Nahayan Mabarak Al Nahayan, a senior member of the Abu Dhabi Royal Family and Minister in the Federal Government of UAE. With Shahid and Nahayan's personal friendship going back to the 1970s, Shahid was jointly responsible along with his brother Bashir Tahir for bringing in foreign investment to Pakistan to the tune of over $1 billion.
Family and early life
Shahid was born in Lahore, West Pakistan. His father, Sheikh Muhammad Zameer, was a banker by profession and worked for a bank owned by the Government of India, prior to the Independence of Pakistan. Shahid is the youngest amongst five siblings. His eldest brother, Khurshid Ahmed Tariq, is a retired banker, followed by Bashir Tahir and Jamshed Ahmed Anjum, who also happen to be retired bankers. His sister, Naseem Rauf, has done her MA in English from University of Punjab.
Education
Shahid completed his Bachelor of Science from Forman Christian College, Lahore, Pakistan in 1971. In 1987, Shahid attended a course on options trading at the prestigious Insead in Font En Bleu, France. Shahid also attended a 3-month Finance and Management course in Tokyo, Japan, where he studied the style of management of Japanese institutions including but not limited to Daiwa Bank, Yamaichi Securities, Nomura Securities, Osakaya Securities, Toyota Motors, Panasonic, Nippon Kokun, and numerous others
Professional life
Bank of Credit and Commerce International
Upon completing his education, Shahid joined BCCI in 1973 in Abu Dhabi, UAE. He assumed the role of Head of Central Support Office for Global Treasury Operations, United Kingdom from 1984 to 1986, after which he returned to Abu Dhabi and was given the charge as the bank's Joint Executive In-Charge of Treasury. Shahid resigned from the bank in June 1991 due to personal reasons and moved back to his country of birth the same year. Notable people who have worked with Shahid at BCCI are:
Consultancy
From 1992 until 1996, Shahid worked as a consultant and managed a trading company along with some of his friends.
Bank Alfalah Limited
Bank Alfalah Limited was acquired in 1997 by Abu Dhabi Group of UAE. Shahid led the bidding process as he was the authorised power of attorney holder of Nahayan Mabarak Al Nahayan. Formerly Pakistan's smallest bank with just three branches, Shahid led its acquisition and then nurtured the institution and his colleagues to become the country's 5th largest private bank (6th largest if Pakistani Government owned National Bank of Pakistan is also included) with over 471 domestic and international branches in Bangladesh, Afghanistan and Bahrain. Shahid infused the highest international standards of customer service, innovation, technology, marketing, brand building, and finance into Bank Alfalah Limited.
At Bank Alfalah Limited, Shahid succeeded in creating a regional franchise with a virtually global presence as the bank has a high brand recall and recognition. Bank Alfalah Limited is an example of the institution which Shahid had, alongside an excellent and dedicated management team, built into a US$300 Million business from an initial, overall equity investment of only US$40 Million, thereby creating tremendous shareholder value translating into a potential 8x return on investment in 13 years (in case the bank were to be sold today and without taking into account the dividends that have been paid out so far).