ISLAMABAD: Jazz has appointed Farrukh Khan, managing director and managing director of the Pakistan Stock Exchange (PSX), as its new chief financial officer (CFO) and managing director of Micro-Finance Holdings (MFH), effective September 15, 2024.
Farrukh will also join the board of directors of Mobilink Microfinance Bank.
Gábor Kocsis, the outgoing CFO, will remain with Jazz until the end of the year and will focus on strategic projects that will facilitate a smooth transition and maintain the momentum of ongoing initiatives, the press release said.
Farrukh Khan brings more than 30 years of leadership experience at major financial institutions, including roles as CEO of Acumen Fund, co-founder and CEO of BMA Capital Management, and CFO of American Express. His expertise in mergers and public offerings will strengthen Jazz’s financial strategy and innovation.
Aamir Ibrahim, CEO of Jazz and Chairman of MMBL, said: “We welcome Farrukh Khan to our leadership team. His wealth of expertise and leadership in capital markets is key as we evolve at ServiceCo.”
With a projected compound annual growth rate of 20%+, Jazz aims to double its revenue by 2027 with significant contributions from its new ventures, including fintech platform JazzCash, cloud offering Garaj and digital streaming service Tamasha.
Sharing his excitement about his new role, Farrukh Khan said, “I am thrilled to be joining jazz at such a transformative time.
The team have built excellent businesses and I am eager to help drive the company’s ambitious vision to evolve into ServiceCo. I look forward to supporting financial innovation and supporting the company’s expansion into new sectors.”
Jazz appoints Farrukh Khan as CFO and CEO of MFH
