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Thursday, September 13, 2012

Sadeq Saeed, a Pakistani banker


Sadeq Sayeed is a prominent Pakistani banker and electrical engineer. Presently he is serving London based hedge fund firm, Metage Capital Limited, as its chairman.
Sayeed was born in Pakistan and went to United States for studies. He took admission in Massachusetts Institute of Technology undergraduate programme in economics with concentration in electrical engineering. Later he also got his master in finance from the MIT.
He started his active professional life at the age of 23 by joining World Bank. His assignments in World Bank include working as research associate and internal consultant.
Later in 2000 he joined Nomura group, a Japanese financial conglomerate. Before joining Nomura he also served Credit Suisse First Boston, an investment banking division of Credit Suisse group.
At retirement from Nomura, he is reported to have received severance package amounting to 34 million us dollars.
In Pakistan he along with shaukat tareen, former Pakistani finance minister, led consortium which acquired controlling stakes in Saudi pak commercial bank. Later Saudi pak commercial bank was renamed as Silk Bank Limited.
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