|Born||Arif Masood Naqvi
13 July 1960
|Alma mater||Karachi Grammar School
London School of Economics
|Title||Founder and Group CEO of The Abraaj Group|
|Board member of||The B Team, Business and Sustainable Development Commission, United Nations Global Compact
Pakistan Human Development Fund
Arif Masood Naqvi (born 13 July 1960 in Karachi, Pakistan) is a Pakistani businessman who is the founder and group chief executive of The Abraaj Group, a private equity investor operating in Africa, Asia, Latin America, Middle East, Turkey and Central Asia. Naqvi founded the Group in 2002. It started with 60 million USD in assets under management and as of 2017, manages US$13.6 billion.
Arif 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. In 1999, Naqvi purchased Inchcape Middle East, for $102 million, with $4.1 million in equity, making it the MENA region’s first leveraged buyout. Naqvi then sold off pieces of the company for a total of $173 million.
In 2002, Naqvi founded Abraaj Capital, and in 2012 the company merged with Aureos Capital to become The Abraaj Group. As of March 2018, Arif Naqvi has stepped down as CEO of The Abraaj Group, as the Company has become the subject of multiple investigations regarding its fund management practices. It has not yet been determined whether criminal charges will be brought against Naqvi.
Recognition and board memberships
In 2011, he was named as one of the 50 most influential people in the global private equity industry by Private Equity International. In 2012, Naqvi was appointed to the Board of the United Nations Global Compact by UN Secretary General Ban Ki-moon.
In 2014, Interpol Foundation for a Safer World appointed Naqvi to its Global Board of Trustees. In this role, Naqvi will lead the I-CHECKIT initiative, one of the Foundation's five global initiatives, aimed at protecting industries vulnerable to the threat of identity fraud, such as airlines, hotels, passenger shipping companies, banks and financial institutions.
In 2015, Naqvi was awarded with the BNP Paribas Grand Prix for Individual Philanthropy by BNP Paribas. In 2014, Arif Naqvi received the High-Impact Entrepreneur of the Year from Endeavor Global. He was also a recipient of the Kennedy Centre's Gold Medal in the Arts award.
As of January 2016, Naqvi is on the Global Leadership Council of Columbia University, a Board Member of Endeavor Global, and is the Chair of the Middle East Centre Advisory Board of the London School of Economics and Political Science. He is an Honorary Fellow of the Royal College of Art in London.
Naqvi is a big proponent of the role of partnership capital in advancing sustainable development. In 2016, Arif Naqvi joined The B Team, a global nonprofit initiative co-founded by Sir Richard Branson and Jochen Zeitz.
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 businessmen for fostering peace and stability.
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