Jubilee Life

Rafiuddin Zakir Mahmood

CHAIRMAN

Mr. Rafiuddin Zakir Mahmood has retired as President and CEO of HBL after
over 12 years in office. He played a major role in the restructuring of HBL and
its growth.

Mr. Zakir Mahmood holds Master degree in Engineering and an M.B.A. majoring
in Finance both from University of California at Los Angeles (UCLA). He has over
34 years of working experience with international and local banks in various
parts of the world including Europe, Middle East and Pakistan.

Prior to joining HBL, Mr. Zakir Mahmood has served Credit Agricole Indosuez as
General Manager UAE and Head of Corporate Banking and as Senior Vice
President Pakistan during the period 1991-2000. He has also served at various
senior positions with Bank of America in various facets of banking in Europe,
Middle East and Pakistan during the period from 1977 to 1991.

He is currently serving on the Boards of following companies:

• Jubilee General Insurance Company Limited (Chairman)
• First Micro Finance Bank, Tajikistan
• Kyrgyz Investment and Credit Bank
• Aga Khan Agency for Microfinance
• Aga Khan University Hospital

Sultan Ali Allana

DIRECTOR

Mr. Sultan Ali Allana is a Director of the Aga Khan Fund for Economic
Development (AKFED) and has the oversight responsibilities for AKFED’s
investments in Banking, Insurance and Aviation. Mr. Allana is a career
banking professional with over 33 years of experience in retail, corporate
and investment banking. Mr. Allana is also the Chairman of Habib Bank
Limited, which is the largest bank in Pakistan with over 1,700 branches and
with presence in 20 countries around the world.

Since 1997, Mr. Allana has also been serving as a Director of the Tourism
Promotion Services Pakistan Limited, the owners and the operators of the
Serena Hotels in Pakistan.

Mr. Allana holds Undergraduate and Post Graduate degrees from McGill
University and the University of Wisconsin in Engineering and
Management.

He is currently serving on the Boards of following companies:

Habib Bank Limited (Chairman)
Jubilee Holdings Limited of Kenya
Alisarda S.p.A. of Italy
Aga Khan Fund for Economic Development S.A. Switzerland
Industrial Promotion Services (Pakistan) Limited
Tourism Promotion Services (Pakistan) Limited

Amyn Currimbhoy

INDEPENDENT DIRECTOR

Mr. Amyn Currimbhoy is a Chartered Accountant from Institute of Chartered
Accountants in England and Wales; and an alumnus of the University of
Sunderland, UK.

Mr. Currimbhoy has extensive experience at a senior management level in
Finance and General Management in a manufacturing environment. He spent
19 years with J & P Coats Pakistan (Private) Limited, a wholly owned subsidiary
of the Coats Group plc, UK, which has operations in more than seventy
countries and is the global market leader in sewing threads; he was initially the
Finance Director and became Managing Director in October 2006 until his
retirement in August 2016. Earlier he was with ICI Pakistan Limited, where he
worked in Group Treasury; the Soda Ash business in Khewra; and the PTA
project, where he was seconded to ICI Polyesters UK for preparing the
feasibility of a PTA plant in Pakistan, and was subsequently part of the
implementation team heading the Finance and IT functions.

He is currently serving on the Boards of the following entities:
Jubilee General Insurance Company Limited
Kyrgyz Investment and Credit Bank

Shahid Ghaffar

INDEPENDENT DIRECTOR

Mr. Shahid Ghaffar possess vast experience of working at top positions in the
financial market. He has served as Chairman and Managing Director, National
Investment Trust Limited 2014 – 2017. Prior to that he was Head of Investor
Relations and Corporate Representation and Member Management Forum at
Habib Bank Limited (HBL) during the period 2012 – 2014. He was involved in
the formation and development of HBL Asset Management Limited and was its
Chief Executive Officer from 2005-2012.

Mr. Ghaffar has vast experience in Capital Market Regulations and Governance.
He was Executive Director/ Commissioner, Securities & Exchange Commission
of Pakistan and was instrumental towards implementation of wide ranging
reforms in the capital market and capacity building of the Securities Market
Division during the period 2000 – 2005. He was also Managing Director of
Pakistan Stock Exchange (Former Karachi Stock Exchange) from 1998 – 2000
and was actively involved in introducing effective risk management measures,
automation of trading system and enhancing capacity building of the exchange.
During the period 1977-1998 he has served National Investment Trust Limited
in various capacities in the Asset Management Division and was responsible for
managing equity, fixed income portfolio and trading desk.

Mr. Ghaffar is presently Member, Audit Oversight Board, Pakistan and an
External Member of VIS Rating Committee of VIS Credit Rating Company
Limited.

Mr. Ghaffar holds a master’s degree in business administration from Gomal
University, D.I Khan, Khyber Pakhtunkhwa, Pakistan. He has attended serval
courses on Securities Regulations including the prestigious course conducted
by Securities & Exchange Commission in Washington D.C., USA.

He is currently serving on the Boards of following companies:

– HBL Asset Management Limited
– Awwal Modaraba Management Limited
– Habib Insurance Company Limited
– Archroma Pakistan Limited
– Karandaaz Pakistan

John Joseph Metcalf

DIRECTOR

Mr. John Joseph Metcalf is a Chartered Insurer and Fellow of the Chartered
Insurance Institute of UK who has extensive international experience within
the insurance industry.

Mr. Metcalf started his insurance career in the UK, where he held various
positions within insurance companies and brokers before embarking on his
international career in 1990 in the Sultanate of Oman and then the United
Arab Emirates. In 1996 Mr. Metcalf joined the Allianz Group, with whom he
was engaged as Regional General Manager for Life in Asia-Pacific prior to
taking up the appointment as Executive Chairman of Allianz Life Assurance
Company and Allianz Insurance Company of Egypt.

Since 2006 he has been Head of Insurance with responsibility for the insurance
business of AKFED, including management oversight of all AKFED investments
in the insurance sector comprised of 10 insurance operations in 7 countries in
Africa, Pakistan and Kyrgyzstan.

He is currently serving on the Boards of following companies:

Jubilee General Insurance Company Limited
Jubilee Investments Company Limited of Uganda
Jubilee Kyrgyzstan Insurance Company
Jubilee Life Insurance Company of Uganda Limited
Jubilee Life Insurance Company of Tanzania Limited
Jubilee Holding Kenya Limited
Jubilee Medical Insurance Company Limited-Keyna
The Jubilee Life Insurance Company of Kenya Limited
The Jubilee Insurance Company of Tanzania Limited
The Jubilee Insurance Company of Burundi S.A
The Jubilee Life Insurance Company of Burundi S.A
The Jubilee Insurance Company of Mauritius Limited

Javed Ahmed

MANAGING DIRECTOR & CEO

Mr. Javed Ahmed is the Managing Director and Chief Executive Officer of Jubilee Life Insurance Company Limited.

Mr. Ahmed has been associated with Jubilee Life since 1997 when he joined the Company as the Head of Operations. In 1999, he was made responsible for Business Development as Head of Sales & Marketing. He was elevated as the Managing Director and Chief Executive Officer in 2002 when the Company was acquired by AKFED. Under his leadership, Jubilee Life has emerged as the largest private sector insurer in Pakistan.

Prior to joining Jubilee Life, he was associated with EFU Life for 4 years and State Life for 7 years where he worked in Operations, Group & Pensions, Sales & Marketing and Actuarial.

Mr. Ahmed is a Fellow of the Society of Actuaries (USA), Associate of Institute of Actuaries (Australia) and Fellow of the Pakistan Society of Actuaries.

He is currently serving on the Boards of the following companies:

• Jubilee Kyrgyzstan Insurance Company
• Jubilee Life Insurance Limited, Kenya