Board of Directors

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Rafique R. Bhimjee

Mr. Rafique R. Bhimjee is B.Sc (Hons) in Management Science, University of Warwick, MBA in Finance from City University, London and a “Certified Director” from Pakistan Institute of Corporate Governance.

Mr. Rafique Bhimjee has worked overseas in Merrill Lynch Asset Management, New York and Abu Dhabi Investment Authority.

He is associated with EFU group since August 22, 1991 when he was co-opted as Director on the Board of EFU General Insurance Ltd. He has been a Director of EFU Life Assurance Ltd. since August 1992. He was the Chairman of EFU General Insurance Ltd. from February 1999 to July 2011 and became Chairman of EFU Life Assurance Ltd in July 2011. Mr. Rafique Bhimjee is also Director of Allianz EFU Health Insurance Ltd. and EFU Services (Pvt.) Ltd.

In addition to EFU Group, he is also the Director of International Foundation Garments (Pak) Pvt. Ltd.

Taher G. Sachak

Mr. Taher G. Sachak has studied in UK and is a graduate in Business Studies from Bournemouth University, and also has a post-graduate Diploma in Management Studies from Liverpool University. Following his studies he joined the British Civil Service and after 5 years decided to pursue a career in life assurance. He held executive positions in major UK Life Assurance Companies, Allied Dunbar, Trident Life and finally Century Life before coming to Pakistan in 1994 to join EFU Life.

His particular expertise lies in sales management and marketing. He helped introduce new concepts and products in Pakistan such as “unit linking” and “critical illness”. These innovations introduced by EFU Life gave the average investor the opportunity, for the first time in Pakistan, to avail the latest products marketed in the West.

He is also a Director of EFU General Insurance and Vice Chairman of Allianz EFU Health and Director of Institute of Capital Markets and a “Certified Director” from Pakistan Institute of Corporate Governance.

Saifuddin N. Zoomkawala

Chairman
C/o. EFU General Insurance Limited
EFU House, M.A Jinnah Road, Karachi

He has been associated with EFU Group since 1964. He also worked as General Manager for Credit & Commerce Insurance Company at UAE, an insurance company of EFU group. He served as Managing Director of EFU General Insurance Ltd, .from July 10, 1990 till July 2011 when he was elected Chairman of the Company.

He is also the Chairman Allianz EFU Health Insurance Ltd and Director of EFU Life Assurance Ltd., and EFU Services (Pvt.) Ltd., all being EFU Group Companies. He was also the Chairman of EFU Life Assurance Ltd., from February 1999 to July 2011.

In addition to EFU Group companies he is also associated with:
SAARC CCI Council on Financial Services & Insurance – Chairman
SAARC Chamber of Commerce & Industry – Member Executive Committee
Board of Investment, Government of Pakistan – Member
Community Development Board, Planning & Development Department, Government of Sindh – Member
Investment Consultative Group, Sindh Board of Investment, Government of Sindh – Member
Insurance Industry Reform Committee – Member
Academic Council for Pakistan Insurance Institute – Member

He is also associated with the following social institutions:
Aga Khan Resource Committee – Member
Shaukat Khanum Memorial Trust and Research Centre – Member Board of Governor

Burhani Hospital, Karachi – Member Trustee
Cupola Cares Foundation – Member
Sindh Institute of Urology and Transplantation, Karachi – Member Board
Fakhr-e-Imdad Foundation – Member Board of Directors
IBA Advisory Council – Member

Jahangir Siddiqui

Mr. Jahangir Siddiqui is one of Pakistan’s leading entrepreneurs.  He established JS Group in 1970 and has been responsible for developing Pakistan’s financial sector as well as opening up its capital markets to foreign investors.  Under his leadership, JS Group has grown to be one of Pakistan’s largest conglomerates.

He retired as CEO of JS Group in 1999 and has since advised and chaired the boards of some key JS Group companies.  While he was operationally involved in JS Group, he was responsible for establishing joint ventures with leading global firms for JS Group companies including those in securities broking with Bear Stearns & Co. Inc. and IFC, asset management with Invesco plc and IFC, health insurance with Allianz AG and Islamic banking with Dubai Bank PJSC.

He has been appointed by the Government of Pakistan as a member of the boards of a number of Government bodies including the Privatisation Commission, Economic Advisory Board and the Exchange Reforms Committee. As a member of the Exchange Reforms Committee he was crucial in developing the plan through which Pakistan’s capital markets were opened up to foreign investors.

He has been associated with the Karachi Stock Exchange in various capacities including as President for two terms.  During his terms he was able to introduce key initiatives including the establishment of the Central Depository Company of Pakistan (which made all settlements at all stock exchanges in Pakistan paperless).

He dedicates a significant amount of time and his wealth to philanthropic activities.  In addition to his own charitable work through his family foundations, he works with a number of other organizations whose causes he supports. As Chairman of the Board of Trustees Endowment Fund Trust for Preservation of the Heritage of Sindh he is responsible for the preservation of heritage and culture in Sindh province. He also serves on the boards of Institute of Business Management (IoBM) andSukkur Institute of Business Administration.

He holds a B. Com. Degree in Commerce from the University of Sindh.

Muneer R. Bhimjee

Mr. Muneer R. Bhimjee, has been associated with EFU since July 1993. He is a Graduate (Hons) in Economics, London. He is also a Director of International Foundation Garments (Pak) Pvt. Ltd. and EFU General Insurance Ltd.

Hasanali Abdullah

Mr. Hasanali Abdullah qualified as Chartered Accountant from Institute of Chartered Accountants of Pakistan in 1973. He is also a “Certified Director” from Pakistan Institute of Corporate Governance.

He was associated with Hyder Bhimji & Company, Chartered Accountants and Karachi Rolling Mills Ltd from 1964 to 1979. He has been associated with EFU General Insurance Ltd since 1979. Having served in various capacities and is its Managing Director & Chief Executive since July 2011.

He is also a Director of Allianz EFU Health Insurance Ltd., EFU Services Ltd., Executive Committee Member of The Insurance Association of Pakistan and Vice Chairman of Pakistan Insurance Institute.

In addition to EFU Group companies, he is Director of Tourism Promotion Services (Pakistan) Ltd (owners of Serena Hotels in Pakistan), Honorary Treasurer of Aga Khan Hospital & Medical College Foundation, Member National Committee of Pakistan of Aga Khan University Foundation, Geneva.

He has served on the Boards Council and Committees of various Aga Khan Development Network institutions from 1976 to 2002. He has been a  Director of Pakistan Institute of Corporate Governance in 2011, Chairman of Insurance Association of Pakistan for the years 2008 and 2010 -11 and Executive Committee Member of Federation of Pakistan Chambers of Commerce & Industries for 2011.

Heinz Dollberg

Head of Asia, Middle East and North Africa Division, Allianz SE

Mr. Heinz Dollberg, based in the Asia Pacific Division of Allianz SE in Munich since 1998, was responsible for managing operations in Asia, the Middle East and North Africa, in collaboration with Allianz offices across the region. He frequently travelled between Allianz headquarters in Munich and the subsidiaries to oversee operations. Mr Dollberg has over three decades of experience at Allianz and had held various positions, from Personnel Manager to General Manager to Chief Representative and Managing Director.

In the 1980’s, Mr. Dollberg worked in Tokyo and Hong Kong and was part of the pioneering team that established the Group’s widespread operations in the Asia Pacific. Today, Allianz is present in 16 countries in the region. His area of responsibility was extended In October 2007, to five additional countries in the Middle East and North Africa.

Mr. Dollberg holds a degree in Law and holds executive positions with numerous subsidiaries of Allianz. He was appointed, Honorary Professor by two well reputed universities– South Western University of Chengdu, one of the premier universities of finance and economics in China as well as the Tongji University of Shanghai.