|Arif M. Naqvi|
|Alma mater||Karachi Grammar School
London School of Economics
|Occupation||Founder and Group CEO of The Abraaj Group|
Arif Masood Naqvi (born July 13, 1960) is the Founder and Group Chief Executive of The Abraaj Group, a private equity investor operating in Asia, MENA, Turkey and Central Asia, Sub-Saharan Africa and Latin America. Naqvi founded the Group in 2002. It started with 60 million USD in assets under management and as of 2013, manages 7.5 billion USD.
Naqvi was born in Karachi, Pakistan where he attended Karachi Grammar School. He completed his higher education at the London School of Economics and Political Science, where he obtained a B.Sc. in Economics with honors, specializing in Economic Institutions and Planning.
Naqvi began his career with Arthur Andersen in London and American Express in Karachi. In the early 1990s, he joined the Olayan Group in Saudi Arabia, the Kingdom’s largest trading company. In 1994 he started an investment firm in Dubai called Cupola with $50,000 of his own savings. Five years later, Naqvi bid for the Middle East business of the logistics company Inchcape Shipping Services. Cupola won the bid, buying Inchcape’s marketing interests for $116 million, making it the MENA region’s first leveraged buyout. In 2002, Naqvi founded Abraaj Capital (now known as The Abraaj Group) with $60 million in assets under management.
The Abraaj Group
Under Naqvi’s leadership, The Abraaj Group has emerged as a leading private equity investor operating in growth markets. As of 2013, the Group currently manages US$ 7.5 billion across 20 sector and country-specific funds, encompassing private equity and real estate investments. Employing over 300 people, the Group has 25 country offices spread across six regional hubs in Dubai, Istanbul, Mexico City, Mumbai, Nairobi and Singapore.
Since inception, Naqvi has spearheaded the Group to become a pioneer in sustainability and integrating ESG considerations into investment decisions. This is reflected and driven by Abraaj Strategic Stakeholder Engagement Track (ASSET), which is a dedicated stakeholder focused engagement practice within the firm.
In 2008, Naqvi and his family established the Aman Foundation, a private not-for-profit trust in Pakistan, seeded with US$ 100 million of his personal funds. The Foundation promotes sustainable development in the areas of:
- Healthcare: with systems ranging from Emergency Medical Response, Community Health Workers, and Telehealth initiatives to Mother-and-Child Hospitals;
- Education and Skills: with a Vocational Training Institute designed to transform unemployed and untrained youth into productive members of society;
- Nutrition: with an emphasis to provide nutritious and hygienic food to school children to reduce hunger and malnutrition, simultaneously increasing enrollment and attendance.
In October 2012, Naqvi and Bill Gates, Co-chair of the Bill & Melinda Gates Foundation, signed a five-year framework agreement on family planning and health in Pakistan. They will also explore further areas for collaboration to advance global health and development.
Recognition and Thought Leadership
In 2012, Naqvi was appointed to the Board of the United Nations Global Compact by UN Secretary General Ban Ki-moon. As of February 2014, he is the only representative of the private equity industry on the Board.
Naqvi is a board member of the Pakistan Human Development Fund and Chairman of the British Asian Trust Advisory Committee – Pakistan. He also serves on the Board of the Emerging Markets Private Equity Association, International Institute for Management Development (IMD) Foundation, Endeavor Global and the Advisory Board of Columbia University’s Middle East Research Center.
Naqvi has been the recipient of numerous awards, including the Oslo Business for Peace Award from The Business for Peace Foundation, the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society, and the Sitara-i-Imtiaz, a prominent civilian honor awarded by the Government of Pakistan. In 2011, he was named as one of the 50 most influential people in the global private equity industry by Private Equity International.
- The Abraaj Group
- Aman Foundation
- Abraaj CEO: Excited by Africa and South East Asia part 1
- Abraaj CEO: Excited by Africa and South East Asia part 2
- Abraaj CEO: Excited by Africa and South East Asia part 3
-  The Abraaj Group YouTube
- The Need To Shift Perspective from Developing Nations to Growth Markets
- Leadership Development-Mr Arif M Naqvi-Success Story
- What is the New Normal
- Arif Naqvi Speaks at Harvard Business School MENA Conference
- Davos 2012 - Arif Naqvi