Founding Partner & Director
Zafar is a Founding Partner and Director of Burj Capital. Prior to Burj Capital Zafar was a member of Barclays Emerging Markets Management Committee and the Regional Managing Director for Southern Africa at Barclays Bank plc and was responsible for managing the total balance sheet size of US$3Bn in assets and over 4000 permanent staff. As the Regional MD, Zafar increased the banks’ Consumer, Corporate and Treasury business by introducing new products and customers. Previously, Zafar was a founding member of Dubai Islamic Bank team in Pakistan and where his work resulted in DIB investing US$100Mn in Pakistan. Zafar was the inaugural Head of Corporate and Investment Banking Business and was responsible for attracting foreign strategic investors to Pakistan. Notable deals included $375Mn port expansion project, $150Mn palm oil refinery project as well as assisting the first ever leading international cosmetic brands entry into the Country. Zafar has also been a member of the Country Management Committee at Citibank Pakistan and was responsible for handling Government and Public Sector business. He was involved in all the major deals done by Citibank between 1999-2005 including issuance of First-ever US $600Mn Government of Pakistan Islamic Sukuk, US $350Mn PIA-US Exim Bank Deal, First-ever Derivative/ Interest Rate Swap with Pak Arab Refinery Company, set-up US $100Mn OPIC guaranteed financing facility for KESC and implementation of Management solution for Pakistan State Oil. Zafar has recently been appointed on the Central Board of Directors of the State Bank of Pakistan (the Central Bank of the country) as an Independent Director. He is also a Member of the Board HR and Investment Committees of the State Bank of Pakistan.