Governance

At IGI, we believe that a solid foundation of good corporate governance and business ethics significantly contributes to our company's ability to compete effectively and realize our full value potential. Our company operates under the guidance and oversight of our Board of Directors (BoD) who have a strong reputation for uncompromising integrity, each a leader in the industry to ensure we provide a sustainable value through business fundamentals, Corporate Social Responsibility and talent stewardship.

  • Syed Babar Ali
    Chairman
  • Syed Hyder Ali
    Director
  • Syed Yawar Ali
    Director
  • Syed Shahid Ali
    Director
  • Shamim Ahmad Khan
    Director
  • Faryal Jooma
    Director
  • Osman Khalid Waheed
    Director
  • CEO
    Tahir Masaud
    Chief Executive Officer
  • A.F. FERGUSON & CO.
    Chartered Accountants, Karachi


  • Muhammad Hisham
    General Manager & Regional Head - Lahore


  • Khurram Ikram
    Deputy General Manager - Lahore


  • Asad Naeem Malik
    Assistant General Manager - Lahore


  • Nadeem Akhtar
    Assistant General Manager - Lahore


  • Bilal Liaqat
    Senior Manager - Lahore


  • Syed Azeem Munir
    Senior Manager - Lahore


  • Madiha Ahmad
    Senior Manager - Lahore


  • Imran Aslam
    Manager - Lahore


  • Muhammad Imran
    Deputy Manager - Lahore


  • Pervaiz Hassan Khan
    Business Development Advisor - Lahore


  • Fang Wong
    Business Development Consultant - Lahore


  • Muhammad Amjad
    General Manager & Regional Head - Islamabad


  • Pervaiz Nadir
    Deputy General Manager - Islamabad


  • Khurram Shahzad Paul
    Assistant General Manager - Islamabad


  • Awais Ahmed
    Assistant General Manager - Islamabad


  • Muhammad Ejaz
    Manager - Islamabad


  • Shakeel Ahmad
    Deputy Manager - Islamabad


  • Asad Ali Siddiqui
    Assistant General Manager - Karachi


  • Muhammad Junaid
    Assistant General Manager - Karachi


  • Farrukh Ahmed
    Senior Manager - Karachi


  • Suneel Kumar
    Senior Manager - Karachi


  • Asif Ahmed Siddiqui
    Senior Manager - Karachi


  • Muhammad Adnan
    Deputy Manager - Karachi


  • Muhammad Akmal
    Assistant General Manager - Faisalabad


  • Muhammad Tayyab Kashif
    Deputy Manager - Faisalabad


  • Jehanzeb Sultan
    Officer - Faisalabad


  • Syed Fazal Abbas Rizvi
    Assistant General Manager - Gujranwala


  • Mohsin Bilal Bari
    Deputy Manager - Gujranwala


  • Ch. Adnan Khaliq
    Manager - Multan


  • Ali Raza
    Assistant Manager - Multan


  • Muhammad Adnan Tariq
    Senior Manager - Peshawar


  • Asif Ali
    Manager - Peshawar


  • Zulfiqar Ali
    Senior Manager - Sialkot


  • Ch. Zulfiqar Ali
    Deputy Manager - Sialkot


  • Samina Abdul Sattar
    Karachi


  • Abdul Majeed
    Karachi


  • Muhammad Saleem
    Karachi


  • Safya Khalid
    Karachi


  • Sophia Salman
    Karachi


  • Atif Zaheer
    Karachi


  • Asif Elahi
    Karachi


  • Shazia Shamim
    Karachi


  • Asim Noor
    Karachi


  • Rashid Majeed
    Karachi


  • Riffat Ali
    Karachi


  • Faraz Ahmed
    Karachi


  • Muhammad Arif
    Karachi


  • Sheikh Muhammad Naeem
    Karachi


  • Syed Muhammad Babar
    Karachi


  • Bilal Patel
    Karachi


  • Faisal Siddiq
    Karachi


  • Syed Ahsan Ali
    Karachi


  • Irum Ali
    Karachi


  • Saad Jafri
    Karachi


  • Mukhtar Ali Rawjani
    Karachi


  • Shahbaz Haider Agha
    Lahore


  • Parveen Jamal
    Lahore


  • Ghulam Ali Murtaza
    Lahore


  • Jamil Ahmed Rana
    Lahore


  • Muhammad Arif
    Lahore


  • Ikram Elahi
    Lahore


  • Syed Mazhar Ali
    Lahore


  • Muhammad Anwar Sheikh
    Lahore


  • Muhammad Ashraf
    Lahore


  • Muhammad Yaseen
    Lahore


  • Syed Zeeshan Rafiq
    Lahore


  • Iftikhar Hussain Shah
    Lahore


  • Imran Saleem
    Lahore


  • Hira Waseem
    Lahore


  • Muhammad Azeem
    Lahore


  • Gulzar Ahmed
    Lahore


  • Adeel Sabir
    Lahore


  • Shakeel Ahmed
    Lahore


  • Muhammad Awais Razzaq Chaudhry
    Lahore


  • Gulraiz Hassan Khan
    Lahore


  • Razia Cheraghdin
    Gujranwala


  • Omair Saeed Sheikh
    Multan


  • Reehan Aslam
    Multan


  • Yawar Aminuddin
    Lahore


  • Shabir Ahmed
    Lahore


  • Talha Amin Qureshi
    Lahore


  • Qudsia Bano Abbasi
    Rahim Yar Khan


  • Hafiz Atif Bin Asghar
    Gujranwala


  • Afnan Imam
    Lahore


  • Ammad Hussain Hashmi
    Lahore


  • Raja Arshad Mehmood
    Lahore


  • Syed Awais Zafar
    Lahore


  • Munir Khan
    Lahore


  • Asif Noor
    Lahore


  • Muzammal Amin Khan
    Lahore


  • Ubaid Ur Rehman
    Lahore


  • Faisal Ansari
    Lahore


  • Nadeem Awan
    Lahore


  • Muhammad Javed
    Lahore


  • Shahid Mahmood
    Lahore


  • Hammad Rizvi
    Lahore


  • Shiraz Ross Rafique
    Lahore


  • Shaista Ishtiaq
    Gujranwala


  • Muhammad Asif
    Islamabad


  • M. Imran Shahzaib
    Islamabad


  • Syed Murid Abbas
    Islamabad


  • Muhammad Hafeez
    Islamabad


  • Ahmed Zia
    Islamabad


  • Syed Munir Hussain Shah
    Islamabad


  • Muhammad Aslam Chishti
    Islamabad


  • Amanullah Khan
    Peshawar


  • Haroon Shafiq
    Islamabad


  • Atiq Ur Rahman
    Faisalabad
  • Tahir Masaud
    Chief Executive Officer
  • Haseeb Kasbati
    Chief Financial Officer
  • Adil Ali Abbasi
    Company Secretary
  • Faisal Khan
    Chief Technical Officer
  • Jamshaid Hussain
    Head of Underwriting
  • Muhammad Hisham
    Regional Head - Lahore, Multan, Sialkot & Gujranwala
  • Muhammad Amjad
    Regional Head - Islamabad, Faisalabad & Peshawar
  • Zahid Mehmood
    Head of Motor & Marine Claims
  • Kashif Qayyum
    Head of Fire & Miscellaneous Claims
  • Athar Chaudhry
    Head of Information Technology
  • Muhammad Adnan
    Head of Human Resources & Administration
  • Sarwar Khan
    Head of Internal Audit
  • Saira Sheikh
    Compliance & Risk Officer

Syed Babar Ali

As an entrepreneur and industrialist, Syed Babar Ali 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 Insurance Company Limited, Tri-Pack Films Limited, and IGI Investment Bank. 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 padWorld Wide Fund for Nature (earlier 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

Syed Hyder Ali, graduated from University of Michigan, USA with a Bachelor of Science degree in Chemical Engineering in 1979. He completed his Master of Science in June 1981, specializing in paper chemistry. In 1997, Mr. Ali also attended the program for Management Development at the Harvard Business School, Boston, USA.

Chief Executive and Managing Director, 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 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 the Honorary Consul General of Sweden in Lahore since 1998.

Syed Yawar Ali

Syed Yawar Ali was educated at Aitchison College Lahore and hold 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 3 years of the Joint Venture with Nestlé he was elevated to Chairman of the Board.

Syed Yawar Ali is currently Chairman of Nestlé Pakistan Limited, Chairman, Wazir Ali Industries Limited and Past 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 and Lahore Electric Supply Company.

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

Syed Shahid Ali is currently associated with IGI Insurance as Non-executive Director. He also holds directorship of several other companies which include Treet Corporation 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.

Shamim Ahmad Khan

Mr. Shamim Ahmad Khan is associated with the Company as 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 director of Abbott Laboratories Pakistan Limited and IGI Insurance Limited. He is also a member of the Advisory Committee of Centre for International Private Enterprise Pakistan.

Faryal Jooma

Osman Khalid Waheed

CEO

Tahir Masaud

Mr. Tahir Masaud is the Chief Executive Officer of IGI Insurance Limited and a Director on the Board of IGI Life 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.

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