Our Team

Sulaiman Mehdi – Chief Executive Officer

Sulaiman is the Chief Executive of Cyan Limited (formerly Central Insurance Company Limited – CICL). He joined CICL as the COO and Company Secretary (CS) on October 01, 2010 and led the insurance license revocation process for CICL. The revocation of CICL’s insurance license and its business restructuring from CICL to Cyan is a landmark transaction, and the first of its kind in Pakistan.

He has fifteen years’ experience of working with leading Financial Services Groups in senior positions in the area of investments, operations, marketing, legal and corporate affairs. He has the privilege of serving two of the largest conglomerates of Pakistan.

Before Cyan, he served as the COO and CS for ABL Asset Management Company Limited from January 01, 2008 to September 30, 2010 and during his tenure the assets under management grew from a start-up fund of USD 18 million to USD130 million with four funds. Before ABL AMCL he was also associated with Allied Bank Limited – Corporate and Investment Banking Group as Senior Vice President (SVP) from June 2007 till December 31, 2007, and was primarily responsible for the formation of ABL Asset Management Company Limited. Before joining ABL, he served as the COO and CS of PICIC Asset Management Company Ltd. – one of the leading Asset Management Company of Pakistan from July 2004 to June 2007 and was primarily responsible for the formation of PICIC AMC. During his tenure the assets under management in the form of closed end funds grew from USD 45 million to USD 190 million.

He has also served on the Board of Dawood Lawrencepur Limited from 2011 to 2014 and was also a Director for FOCUS Pakistan from 2008 to 2011 (an Aga Khan Foundation backed NGO). Presently he is Director on the Board of Cyan Limited, Inbox Business Technologies (Pvt.) Ltd., Inbox Consulting (Pvt.) Ltd., Inbox Corporation (Pvt.) Ltd., Sach International (Pvt.) Ltd. and Chairman of Pebbles Pvt. Ltd. – the real estate arm of Dawood Hercules (DH) Group and is leading all real estate initiatives of the Group.

Sulaiman holds a Master’s degree and is also a Fellow member of the Institute of Corporate Secretaries of Pakistan (FCISP). He is also a certified director from the Pakistan Institute of Corporate Governance (PICG).

Faisal Nadeem Mangroria – Chief Financial Officer & Company Secretary

Mr. Faisal is a Certified Director of Corporate Governance from the Pakistan Institute of Corporate Governance (PICG) and a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP). He passed his Chartered Accountancy (CA) exams from the ICAP and Chartered Management Accountancy (CMA) exams from the Chartered Institute of Management Accountants (CIMA), UK. He has completed his articleship from Ernst & Young International (EY) and has professional experience at the executive cadre in Pakistan Industrial Credit and Investment Corporation (PICIC) where he managed the risk of institutional and retail portfolios for the company.

He also served at First Credit & Investment Bank Limited (formerly known as First Credit & Discount Corporation Limited) an investment bank owned by National Bank of Pakistan (NBP) where he was involved in the areas of core finance, risk management and internal audit. Before joining Cyan, he served as the Chief Financial Officer and Company Secretary at ABL Asset Management Company Limited, a subsidiary of Allied Bank Limited.

Narender Lakhwani – Investment Associate

Mr. Narender Lakhwani joined Cyan in December 2015. He is a CFA Charter holder and Master of Finance from Melbourne Business School. Mr. Lakhwani has more than 5 years of experience in capital markets of Pakistan and has worked in the areas of investment analysis, portfolio management and business development. Prior to joining Cyan, Narender worked with Magnus Investment Advisors Limited and was a senior member of the Investment Committee at Magnus.


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