Head quartered in Karachi, IGI General is a leading general insurance service provider in Pakistan. It is a flagship organization of ‘The Packages Group’. Rated ‘AA’ by Pakistan Credit Rating Agency (PACRA).
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Syed Babar Ali an entrepreneur and industrialist, envisioned and set up Packages Limited (Pakistan’s largest paper & board mill), Milkpak Limited–now Nestlé Pakistan Limited (the largest food processing Company in Pakistan); Tetra Pak Pakistan Limited, IGI Holdings Limited (formerly IGI Insurance Limited) and Tri-Pack Films Limited. He is Chairman of Sanofi-Aventis Pakistan Limited, Siemens Pakistan Engineering Company Limited, and Coca-Cola Beverages Pakistan Limited. He believes in the joint venture philosophy and most of his businesses are joint ventures with major multinationals. As an educationist, he led the establishment of the Lahore University of of Management Sciences (LUMS) in 1985 of which he is the first Pro-Chancellor. LUMS is Pakistan’s premier management education institution. In 1992, he founded Ali Institute of Education for training of primary and secondary school teachers. He is a member of the Board of the following important educational institutions of Lahore: Aitchison College, Kinnaird College, and Lahore School of Economics. He is also a Founding Member of the South Asia Initiative of Harvard University and the Co-Chair of South Asia Centre for Policy Studies currently based in Nepal. He served as Pakistan’s Minister of Finance, Economic Affairs & Planning in 1993. He promoted the cause of the World Wide Fund for Nature (formerly World Wildlife Fund) where he served in various capacities, both in Pakistan and internationally, from 1972 to 1996. He was International President of WWF from 1996 to 1999 succeeding HRH Prince Philip, the Duke of Edinburgh. He is now Vice President Emeritus, WWF International, and President Emeritus WWF-Pakistan. He set up Babar Ali Foundation in 1985. The Foundation gives about a million dollars a year primarily for education and health in Pakistan. He is also a member of Layton Rehmatullah Benevolent Trust Karachi and Shalamar Hospital Lahore. He received honors and awards from the Government of Sweden, the Netherlands, an OBE from Britain (1997), and was awarded an Honorary Doctorate Degree of Laws from McGill University, Montreal, Canada (1997).
Syed Hyder Ali, graduated from University of Michigan, USA with a Bachelor of Science Degree in Chemical Engineering in 1979. In June 1981, he completed his Masters in Science, specializing in paper chemistry. In 1997, Mr. Ali also attended the program for Management Development at the Harvard Business School, Boston, USA. Being the Chief Executive and Managing Director of Packages Ltd., Mr. Ali has wide and varied professional working experience spanning over many years in paper production, conversion and packaging. Mr. Ali has been involved in the development and implementation of processes for the pulp and paper mill at Packages Ltd. using wheat straw as a raw material. He is the co-author of two USA patents for the recycling of milk and juice cartons. Mr. Ali serves on the Board of a number of companies like Bulleh Shah Paper Mill (Private) Limited, IGI Holdings Limited (formerly IGI Insurance Limited, IGI Life Insurance Limited, Nestlé Pakistan Limited, Packages Lanka (Pvt) Limited, Sanofi-Aventis Pakistan Limited, Tetra Pak Pakistan Limited, Tri-Pack Films Limited and International Steel Limited. He is a member of the Board of Governors/Directors of WWF- Pakistan, Babar Ali Foundation (BAF), National Management Foundation (NMF), Ali Institute of Education (AIE), Pakistan Centre for Philanthropy (PCP), and Pakistan Business Council (PBC). He is also a Member of the Executive / Management Committee of Syed Maratib Ali Religious and Charitable Trust Society, Lahore University of Management Sciences (LUMS) and International Chamber of Commerce (ICC) Pakistan. Mr. Ali is married with three children. He is also the Honorary Consul General of Sweden in Lahore since 1998.
Syed Yawar Ali was educated at Aitchison College Lahore and holds a Bachelors in Chemical Engineering and Masters in Management Science from Stevens Institute of Technology. He joined the family business (Packages Limited) and became Managing Director of Milk Pak Ltd. After three years of the Joint Venture with Nestlé, he was elevated to become the Chairman of the Board. Syed Yawar Ali is currently Chairman of Nestlé Pakistan Limited, Chairman, Wazir Ali Industries Limited and former Chairman of Pakistan Dairy Association. He is serving on many other boards and has also been on the Board of Directors of State Bank of Pakistan, Pakistan International Airlines, Agricultural Development Bank of Pakistan, Lahore Electric Supply Company and IGI Life Insurance Limited. He also serves as Vice-President of the India-Pakistan Chamber of Commerce and Industry and is heading a committee to ‘Promote Trade with India.
Syed Shahid Ali is currently associated with IGI Holdings Limited (formerly IGI Insurance Limited) as Non-executive Director. He also holds directorship of several other companies which include Treet Corporation Limited, Treet Holdings Limited, Treet Assets (Private) Limited, Treet Power Limited, Loads Limited, Packages Limited, Ali Automobiles Limited, First Treet Manufacturing Modaraba, Global Econo Trade (Private) Limited, Multiple Autoparts Industries (Private) Limited, Specialized Autoparts Industries (Private) Limited and Specialized Motorcycles (Private) Limited. Mr. Shahid is actively involved in social and cultural activities and holds senior positions on the governing boards of several hospitals and philanthropic organizations including Liaquat National Hospital.
Mr. Shamim Ahmad Khan is associated with IGI Holdings Limited (formerly IGI Insurance Limited) as a Non-executive Director, He has served various government organizations in different capacities namely Securities and Exchange Commission of Pakistan and Ministry of Commerce. He has also been engaged with consultancy assignments for Asian Development Bank and other organizations. Currently, Mr. Khan is serving as the Chairman of IGI Life Insurance Limited and holds directorships in Abbott Laboratories Pakistan Limited, Packages Limited and Karandaz (Pvt.) Limited. He is also a member of the Advisory Committee of Centre for International Private Enterprise Pakistan.
Mr. Hasan Askari is associated with IGI Holdings Limited as a non-executive director. He was educated at the University of Oxford and has an M.A. in Politics, Philosophy and Economics. He has been an investment banker since 1975, initially with SG Warburg & Co. Ltd. London. (now UBS Ltd.) and subsequently with JP Morgan Chase Investment Bank in Hong Kong and Barclays Capital in Tokyo and London. He was most recently at Old Mutual plc, London as Chief Executive of its business in the United Kingdom, Europe and Asia. He was also Chairman of Old Mutual Asset Managers. Since retirement in 2009, he has been Chairman of Aberdeen India Investment Trust plc, a company listed on the London Stock Exchange and a director of the Lloyd George Indian Ocean Fund, Hong Kong. Past associations include chairmanship of Aqua Resources Fund Limited, a London listed private equity firm and directorship of Sun Life of Canada in the United Kingdom. He was appointed a Trustee of the British Museum in 1999 by the Prime Minister of the United Kingdom and of the Great Ormond Street Hospital for Children in London. He is also a non-executive director in IGI Life Insurance Limited, a subsidiary of IGI Holdings Limited.
Ms. Faryal Jooma is an Advocate High Court and Attorney-at-Law.
Ms. Jooma has over twenty year’s of experience in the practice of corporate law and handles a wide variety of work, which includes privatizations, divestitures, joint ventures, banking, asset backed financing. She has worked on some major transactions, the most recent being, the privatization of Pakistan International Airlines.
Ms. Jooma has been serving as an Independent Director of IGI Holdings Limited (formerly IGI Insurance Limited since 2015 and was also previously a Director of IGI Finex Securities Limited.
Mr. Tahir Masaud is the Chief Executive Officer of IGI Holdings Limited (formerly IGI Insurance Limited). Mr. Masaud brings with him over 17 years of rich and varied experience gained in senior leadership positions within the general insurance sector in Pakistan and United Kingdom. His background includes sales and marketing administration, product development and project management. He is a Chartered Insurer with an Advanced Diploma in Insurance (ACII) from Chartered Insurance Institute, United Kingdom. Mr. Masaud has completed his post graduations in Computer Sciences and Business Administration from Lahore University of Management Sciences (LUMS), Pakistan. He has attended numerous professional development programs in Pakistan, United Kingdom and Germany.
Head quartered in Karachi, IGI General is a leading general insurance service provider in Pakistan. It is a flagship organization of ‘The Packages Group’. Rated ‘AA’ by Pakistan Credit Rating Agency (PACRA).
» Visit the IGI General Insurance website
IGI Securities is a prestigious name in Pakistan’s brokerage industry, setting the tone of integrity, insight, innovation and highest level of ethical standards amongst the investment circles. The Company offers Equities, Commodities & Fixed Income brokerage service as well as Fundamental and Technical Research to local & foreign institutions and retail clientele.
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IGI Life Insurance (Formerly American Life Insurance Company Pakistan Ltd.) marks entry of IGI Financial Services in to Life Insurance arena through acquisition of controlling shares in MetLife Alico Pakistan in April 2014. IGI Life is a leading provider of Life Insurance, Accident & Health Insurance and Employee Benefits Solutions.
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