Resume

On June 29, 2026
By Ghulam Qadir

EXPERIENCE SUMMARY

Former Wall Street executive with over ten years of U.S. and international experience in Finance, Investment Banking and Financial Engineering.

Have taught at US and Pakistani universities. Recently I was Associate Professor at Ghulam Ishaq Khan Institute, Topi (KP), Pakistan.

Have developed a system of management for introducing participative management in large public sector organizations. Its main feature is empowerment of employees through instituting an inverted appraisal system in which every employee provides an appraisal for his/her boss and peers. This system is generally a part of the MIS or the ERP system.

Have developed a new and simple method – the Pulse method – for computing portfolio risk. Pulse uses semi-variance as a measure of risk instead of the commonly used variance. Variance is a flawed measure of risk. Portfolios that are optimized using Pulse semi-variance outperform portfolios optimized using variance by huge margins. 40 years of back-tests performed on several baskets of stocks including DJIA have demonstrated Pulse’s superior performance.

Have written a book which proposes a set of concrete free market economic solutions for the ongoing economic crisis which, in my view, is caused by the global economy hitting the limits of the planet on multiple fronts, the environment being one of them. This crisis is also caused by an inherent flaw in capitalism: it can handle scarcity of capital very well but fails miserably in handling abundance of capital. The inability of interest rates to go below zero is the basic reason for this failure. The great depression was an example of such failure. Second World War saved capitalism then by causing massive destruction and hence scarcity of capital. Draft of the book is at www.newcapitalism.org.

Have a diverse set of entrepreneurial experience which includes setting up a business for building an internet-based social networking platform for those affiliated with 500 major global universities.

EDUCATION

Yale School of Management, New Haven, Connecticut

Masters in Business Administration, 1993

Tutor in Finance and Accounting

Institute of Business Administration, Karachi, Pakistan

Masters in Business Administration, 1982

Bachelors in Business Administration, 1981; magna cum laude

PROFESSIONAL EXPERIENCE

2017-2022 Small Steps Consulting – CEO

Small Steps is a small consulting outfit of a number of IBA and FAST graduates. We focus on organizational development and restructuring, digital marketplace and marketing, financial services including Fintech, business strategy, and education. The following are a few of the businesses I was engaged in:

Pakistan International Airlines: I was involved with a number of efforts at organizational development and restructuring at PIA. I made and presented a complete skeletal restructuring plan for PIA. It was discussed at the Chairman level. But regular changes at PIA did not allow things to proceed as proposed.

Karachi Chamber of Commerce and Industry: During 2020 and 2021 I was involved with the president of Karachi Chamber of Commerce and Industry, Shariq Vohra, in a number of efforts to bring about organizational development at KCCI and during the same time I also worked on establishing a KCCI supported University.

The Aladin Model: I worked with a major digital marketing company and prepared and presented a complete plan for an integrated online retail marketing and delivery service. Currently the online space is fragmented and does not present a compelling competitive alternative to conventional retail. For example: In 2019 UAE Zomato’s delivery charges were 30% of sales. I developed a better model – Aladin model – which will integrate delivery and retail service of a large number of operators, including restaurants, in an integrated retail and delivery operation. The Aladin model will be far more competitive than the Amazon model which is the most competitive model in the current landscape.

Digital Marketing Company: I am still working on establishing a digital marketing company here in Karachi. And there were a number of similar efforts that I undertook and working on with a number of other organizations.

New Capitalism: I have a website www.newcapitalism.org. This website has been built to present a new economic system: New Capitalism. I have been working on developing New Capitalism and preparing the book that I have mostly written for publishing. With inflation picking up around the world I think the US and other countries may finally come around to looking seriously at New Capitalism.

My other ideas and endeavors are related to the challenges that humanity is facing. A write-up on those challenges and my humble efforts to address them is attached.

2015-2017 Associate Professor of Practice – Ghulam Ishaq Khan Institute of Engineering Sciences & Technology

Taught: Fundamentals of Management, Marketing Management and Issues in Global Economy in the fall-2015 semester. Teaching Project Management and Strategic Management in Spring-2016 semester.

2014-2015 Formed Pulse Capital, a jointly owned business, in Atlanta, GA to provide portfolio management consultancy services to asset management companies and hedge funds. Currently provide portfolio management services to a number of private fund managers. Pulse Capital has a proprietary quantitative portfolio management system which has shown best portfolio management results compared to all other commonly used portfolio management systems.

2012- 2013 Led a major bank asset securitization effort by The International Investor (Kuwait). It was a joint effort by The Gulf Investment Corporation and The International Investor to set up business for the purpose of securitizing assets of major Islamic and conventional banks in Kuwait, Bahrain and other GCC countries.

I initiated the idea, led the thought process, presented the Sharia compatibility and economic insight for securitization and prepared all marketing and presentation materials. I also prepared the Sharia compatibility and capital markets structure for trading and making markets in these securities.

2011- 2012 University of Wisconsin – Platteville

Lecturer

Taught classes composed mainly of seniors. Courses taught: Financial Management, Financial Systems Analysis, and Bank Management.
- Conducted research developing a new method for measuring portfolio risk. That research has resulted in a fully developed model – the Pulse method – that can be effectively used for optimizing investment portfolios. Pulse superior performance in portfolio optimization is due to its use of semi-variance which is a better measure of risk than portfolio variance.
- Wrote a computer program for implementing the Pulse method using Matlab.

2005-2010 Bright Country Inc. Cupertino, California

Chief Executive Officer

Formed and established this Silicon Valley Company to provide Internet based Social Networking Platform for students and graduates of the top 500 universities.
- Documented and presented its business model. Modeled its revenue stream.
- Structured and streamlined the development and launch processes of large internet based platforms, networks and programs.
- Managed two development offices, one in the US and another in Pakistan.
- The office in Pakistan had 10 engineers and additional administrative staff members. Managed overall work, assignments and project flow in the office.

2001-2004 Established and managed a family venture in Home Textiles marketing to US and European companies. Represented some of the largest Pakistani Textile Manufacturers in the US and Europe.

Hired, managed and developed a staff of 8 professionals.
- Built an internet based system for buyers and sellers to monitor the progress of their orders. Trained staff to effectively use and administer the system.

2001–2004 Institute of Business Administration, Karachi, Pakistan

Part time lecturer

Taught Finance and Accounting courses in MBA programs of the oldest business school outside North America.
- Courses included: Managerial Accounting, Analysis of Financial Statements, Portfolio Management, Securities Analysis, Financial Engineering, Options Pricing and Strategies, Foreign Exchange transactions, Managerial Finance, and Fixed Income Securities.

1998–2000 The International Investor, Kuwait

Partner

Developed business initiatives for the firm in the following areas: Options and other derivatives, foreign exchange, and asset backed securitization.
- Designed and developed in collaboration with Gulf Bank, Kuwait, a major investment product (Aldeema) backed by international equity portfolios. The product was jointly marketed to TII and Gulf Bank customers.
- Analyzed and assessed performances of external investment mangers.
- Was voting member of the team responsible for hiring international equity portfolio managers for Aldeema – a program with $2 billion under management.
- Oversaw the risk exposure of the Treasury. Approved treasury’s exposure limits to particular institutions. Established relationships and credit lines with other institutions. Substituted for Head of Treasury whenever necessary.

1996–1998 Kuwait Finance House, Kuwait

Investment manager

Created a system for managing their international asset allocation process
- Evaluated the performance of different asset categories e.g. equities, real estate, international lending etc.
- Structured a range of marketable financial products including a Sharia compatible equity fund.
- Created marketable securities backed by investment portfolios of the Islamic Development Bank (Jeddah, Saudi Arabia).
- Assisted the marketing unit in marketing of investment products and prepared marketing materials for products structured by me.

Oppenheimer & Co. Inc., New York, New York

Vice President, Financial Engineering

Promoted from Associate to Vice President within six months of joining firm.
- Reported to Executive Vice President -Head of Fixed Income Capital Markets.
- Originated most fixed income structured products of Oppenheimer.
- Structured and priced financial instruments with embedded options on interest rate, stock indices, and other market variables.
- Structured and marketed asset-liability management products.
- Repackaged a pool of Venezuelan Par (Brady) Bonds into three tranches: an “AAA” rated Libor floater, a bond option, and a high yielding security.
- Managed the credit rating process for structured transactions.
- Sought and received approvals from regulatory agencies in the US and Europe.

PRE-YALE-MBA EXPERIENCE

1990-1991 Scali, McCabe, Sloves, Inc. New York. Advertising company owned by WPP Group. Scali, McCabe, Sloves itself owned 12 advertising companies in Europe and the Americas.

Prepared consolidated financial statements for the 12 international subsidiaries of Scali, McCabe, Sloves. Each subsidiary had its budgets and financial statements in its own currency. Consolidated budgets and statements were sent to WPP Group in London every month.

1988-1989 White Consolidated Industries, Duluth, GA (Regional office).

Prepared regional sales reports for the six brands including Frigidaire, Kelvinator, Westinghouse, Tappan, and Gibson of WCI.
Prepared projections and budgets for each brand.
Prepared budgets and consolidated statements for the regional office.

1985-1988 Lakson Group of Companies, Karachi, Pakistan.

Managed projects for The Lakson Group of Companies, one of the largest conglomerates in Pakistan.
Prepared feasibility reports and financial projections for their new business ventures including that for Century Paper and Board Mills which is one of their flagship companies now.
Prepared financial projections for Lakson Tobacco’s acquisition of Premier Tobacco, the third largest tobacco company in Pakistan at the time.

1983-1985 Kawasaki Motors Ltd., Karachi, Pakistan. Regional Sales Manger

Headed the regional sales office.
Managed sales of Kawasaki Motorcycles in the Sind and Baluchistan Region of Pakistan. This was the largest sales region in the country.
Coordinated the imports of Kawasaki knocked down motorcycle units and parts from Kawasaki, Japan.

TECHNICAL SKILLS

Proficient in Matlab.
- Have worked extensively on Bloomberg.
- Rich knowledge of Microsoft Excel.
- Have used PowerPoint extensively.

My humble efforts to address the challenges that humanity is facing.

Humanity faces many life threatening challenges. They are mostly obvious to most people but they go about their lives merely talking about it or beating their opponents with it. I also manage to ignore those threats most of the time. But once in a while, particularly when I am not occupied by daily routines, I get occupied by thoughts related to these challenges. When I consciously try to set those thoughts aside I am pressed by the question: If not me then who?

So over the last few years I have studied and thought about these challenges.

Sustainability: The first and most obvious challenge is planetary limits including those of environment and resources. The way to handle this is through an economic system that has a mechanism to incorporate planetary limits into the workings of the system. My answer is New Capitalism. www.newcapitalism.org. New Capitalism is an interest free economic system but I don’t rely on religion to make my case. For example, I have made my case with Senator John McCain’s 2008 presidential campaign.

Increasing political failures and polarization around the world: Democracies have a long history of committing suicide. John Adams said “There never was a democracy yet that did not commit suicide.” Established democracies, e.g. the US, seem to be heading in that direction.

The current form of democracy, as practiced in the US, was built for the paper and print age. That democratic model is being ripped apart by the users and abusers of information technology. Even though information technology has the potential of making democracies work better, they are making it worse. Because in the digital age the individual faces a deluge of information that he/she is least equipped to deal with.

My answer is a form of democracy that is more institution/organization centric than individual centric. Abuse of IT through faking, manipulation, and sensationalization of information can be countered by institutions and organizations that have to regularly deal with the consequences of the democratic decisions. One man one vote every four years does not seem to be working.

The Chinese system of governance is organization centric. A new form of governance has to be developed that channelizes people’s aspirations, opinions, and pursuits in an orderly fashion towards governing and political actions through some kind of organizational structure that shares responsibility for the decisions. My work on participatory management (inverted appraisal system) gives me confidence that basing democracy on organizations works.

Threat of human extinction: Up till Hiroshima humans decided their differences ultimately through violence (wars). After Hiroshima that mode of deciding became unusable because nuclear war would destroy all parties and take humanity along with it. Humans have to learn to decide their differences without resorting to war. Add to that other challenges faced by humanity: climate change, biodiversity collapse, overstretched limits of the planet, environmental pollution, mineral and other resource depletion, germ weaponization, genetic engineering, artificial intelligence, robotization, and a host of other challenges and tools which make it an existential quest for humans to upgrade themselves to a higher maturity and spiritual levels. The current human being given all these weapons, tools, and challenges will inevitably destroy itself. The extinction threat for humans is very real.

Since violence and intellect delivered lasting victories in the past, individuals and societies didn’t pay much attention to inner realities of life. Human consciousness is a product of inner realities of life. So I think, with some persuasion (conducive environment, intellectual framework, and spiritual practice), we can be helped to expand our identity to include all of life; or to be practical, all of humanity. That would be a truly inclusive identity.

There is an overwhelming amount of deeply insightful scientific, religious and linguistic literature on “identity,” “inner self” and “consciousness.” They provide a good foundation for the conceptual and practical development of a modern nonviolent self.

The picture that is emerging of the modern self is based on a healthy and organic way to be inclusive i.e. nonviolent. Inclusiveness generally precludes violence. Parents are inclusive of their children. (Inclusiveness here is in essence different from the political formula of “Diversity, Inclusion, and Equity.” Politics is an adversarial process which is fundamentally a way of competition, confrontation, exclusion, and elimination. Efforts to bring about inclusivity through politics will never have lasting results.)

The modern self is intrinsically rewarding as well. It has for example: Better access to our inner self; more in tune with our real self; more in tune with our wellbeing and happiness; better health; freedom from the confines of tribe or nation; etc. These and other intrinsic rewards will drive widespread adoption of the modern self.

Non-violent and inclusive picture of humanity is very appealing. Ironically, it is the bright side of nuclear weapons.

Business Strategy

The knowledge and deep understanding of economics, finance, and business gives me the view need for developing strategy from a commercial point of view.

My even deeper understanding of societies, their practiced religions, aspirations, values, and philosophies gives me the insights needed for marketing.

My involvement with earning a living from the age of 13 gives me an understanding of humans; and their drives, inhibitions, attachments, and fears. I have the psychological maturity to package my strategies in a human friendly manner.