Arif Naqvi is the Founder and Chief Executive of The Abraaj Group which he established in 2002. Under his leadership, The Abraaj Group has emerged as the leading alternative investment management group investing in global growth markets, raising approximately US$ 8 billion since inception and returning c. US$ 3.5 billion to investors.
Employing over 300 people, the group has 33 country offices spread across 7 regional hubs in Bogota, Dubai, Istanbul, London, Mumbai, Nairobi and Singapore.
With an experience of over 25 years of investing in public and private companies, Mr. Naqvi has led the group’s involvement in some of the most notable private equity transactions in growth markets.
Mr. Naqvi is a Board Member of the United Nations Global Compact, Pakistan Human Development Fund and the Chairman of the British Asian Trust Advisory Committee – Pakistan. Mr. Naqvi also serves on the Board of the Emerging Markets Private Equity Association, IMD Foundation, Endeavor Global and the Advisory Board of Columbia University’s Middle East Research Center. He is associated with numerous think tanks and policy groups such as the WEF Arab Business Council and the Middle East Centre Advisory Board of the London School of Economics and Political Science.
Mr. Naqvi has been the recipient of numerous awards, including the Sitara-i-Imtiaz, the highest civilian honor in Pakistan. In 2011, he was named one of the 100 most influential people in the global private equity industry by Private Equity International.
In 2008, Mr. Naqvi and his family established the Aman Foundation, a private not-for-profit trust in Pakistan, which supports sustainable development in healthcare, nutrition and education.
Mr. Naqvi is a graduate of the London School of Economics and Political Science. He previously worked with Arthur Andersen & Co., American Express Group, Saudi Arabia’s Olayan Group and the Cupola Group, which he founded in 1994.
Ms. Naqvi is a Founding Trustee of the Aman Foundation and was actively involved in launching the organisation in August 2008. Born in Karachi, Pakistan she studied Economics at the London School of Economics and Political Science, graduating in 1982. After a career in banking in London, she raised two young boys whilst immersing herself into volunteer work in the Middle East and Pakistan. She has played a lead role in establishing and implementing a variety of programmes in numerous social sector organisations over the last 25 years.
As a founding director of the Saharay Welfare Organization in 2002, a donor-driven vehicle that drove philanthropic funds raised into a range of NGO’s and charities across the region, she was responsible for fundraising activities. In addition, she was the joint-lead coordinator on behalf of Saharay for providing immediate humanitarian relief on the ground during the earthquake and ensuing aftermath in Northern Pakistan in 2005, an activity that then morphed into the rebuilding and rehabilitation of a number of villages in conjunction with The Citizen’s Foundation (TCF).
Since 2004, Mrs Naqvi is also a founding Trustee of The Aangan Trust in Pakistan, which offers access to education and medical care for young girls. Future plans include the provision of care and rehabilitation for abandoned, orphaned girls by setting up homes and day care centers.
She was invited to become a trustee of the British Asian Trust in 2012 which aims to impact South Asian communities by delivering lasting change by transforming lives through education, health and livelihood initiatives that generate self-sufficiency.
Waqar Siddique is Managing Partner – Risk and Internal Audit at The Abraaj Group. In this role, he is responsible for ensuring that a robust enterprise risk management system is in place and strategic, financial, operational and external risks are managed across all products, geographies and at the Group level. Mr. Siddique serves as a member of the Board of Directors of The Abraaj Group.
In the course of his career, Mr. Siddique has specialized in strategic business development, operations, governance and risk management within leading private sector firms in the Middle East and South Asia. He represents Abraaj on the boards of several companies, including as Chairman of the Board of Directors of Karachi Electric Supply Company (KESC), Jordan Aircraft Maintenance Limited (JorAMCo), Stanford Marine Group (SMG) and Byco Oil Pakistan Limited (BOPL).
Mr. Siddique serves as a member of the Board of Governors of the Institute of Business Administration in Karachi, the oldest business school outside North America and on the Board of Directors of Injaz Pakistan. He is also a member of IMD Executive Education Advisory Council.
Before joining The Abraaj Group, Mr. Siddique was the Chief Executive Officer of the Cupola Group. In 1999, he was one of a team of senior directors who concluded a landmark private equity deal of acquiring Inchcape Plc’s interests in the Middle East.
Prior to joining Cupola, Mr. Siddique held a senior executive position at Mawarid Holding Company, a leading business conglomerate based in Riyadh, Saudi Arabia. Mr. Siddique spent a number of years with PricewaterhouseCoopers in Pakistan as a Senior Consultant. He started his career in 1982 after earning an MBA degree with a specialization in Finance.