Ali Jehangir Siddiqui


Ali Jehangir Siddiqui, علی جہانگیر صدیقی, is a Pakistani diplomat and entrepreneur. Currently he is serving as Pakistan's Ambassador for Foreign Investment in an Honorary Capacity
He has previously served as the Ambassador of Pakistan to the United States and as Special Assistant to the Prime Minister of Pakistan with the status of Minister of State.
He has also served in various business and government advisory councils, policy institutions, and commercial entities.
Siddiqui founded JS Bank in 2006 by acquiring American Express Bank's Pakistan operations. JS Bank currently has an asset base of over $4 billion, with a work force of 5000 employees & presence in 180 cities of Pakistan.

Early life

Ali Jehangir Siddiqui was born to Jahangir Siddiqui, a Pakistani businessman & Mahvash Jahangir Siddiqui, an educationist on 5th of December, 1976. At the age of 15 he launched a technology business called Advance Micro Research which integrated computer network systems for corporations.
Family
Jahangir Siddiqui founded Jahangir Siddiqui & Co. Ltd in 1970 which has become an eclectic empire and span to 150 cities today. This later became JS Group, an investment holding company with Rs. 413 billion in assets as of December 2017. The Group claims to employ more than 20,000 people in Pakistan and has invested in several companies in various sectors.
Siddiqui's mother, Mahvash Siddiqui, was an educationist by profession, and has served as a Professor of English Literature and Head of the English Department at Khatoon-e-Pakistan College, Karachi.
Siddiqui is married to Saira M. Siddiqui, a Montessori teacher by profession.

Career

Entrepreneurship
Siddiqui has been a pioneer in leading several business ventures, a respected counsel and advisor throughout his career. This comes from his work and investment with partners for setting up various businesses, including:
Board Memberships
The Global Artificial Intelligence Unicorn, Afiniti International Holdings, revised its advisory board at the start of 2019, appointing Ali Jehangir Siddiqui as the member of Advisory board with Former UK Prime Minister David Cameron joining as Chairman of the Board, Lord John Browne - CEO BP, Andrew Knight – Chairman Times Newspapers, Andrea Wong-Director Liberty Media International.
He has previously been a member on the boards of the following institutions:
Government
Until he took up his government roles, Siddiqui was the CEO of the Mahvash & Jahangir Siddiqui Foundation, which provides grants to the education, humanitarian relief, healthcare and social enterprise sectors in Pakistan. After the floods MJSF established refugee camps accommodating more than 10,000 effected individuals, providing food supplies to over 20,000 people and clean water for over 100,000 people during the 4-month relief operations period. MJSF worked in coordination with the UN agencies and INGOs.
Apart from humanitarian services Siddiqui also supports the arts and considers it as important as philanthropy as evident in this quote, "Supporting art is as vital as building hospitals and schools as art literally shapes national consciousness and also inspires the nation for economic and social advancement."
He served on the board of Acumen, a global social enterprise investment firm, for 9 years.

Public service experience

Ambassador to the US
In March 2018, he was appointed as the Ambassador of Pakistan to the United States and commenced his duties on 29 May 2018.
As an Ambassador he managed to handle numerous regular engagements and meetings such as Congressional Outreach Programs, Think-tank meetings, Trade & Economy sittings, Embassy events, and Media as well as academia addressing.
Prior to his appointment as the Pakistani Ambassador to the United States, the National Accountability Bureau claimed that Siddiqui was involved in matters relating to three companies: Azgard, Agritech, and Monte Bello which caused losses to investors and shareholders. Their claim was that he's the director of Azgard which siphoned moneys amounting to €23.758 million to purchase the company Monte Bello SRL using another company Fairytal SRL Sweden which resulted in loss for shareholders. He also sold shares under Azgard to government institutions at higher market rate in order to compensate for the company's loans.
On the contrary, other reports suggested that the allegations from NAB were baseless. These allegations were politically driven because the Azgard and Agritech matters were already sub-judice prior to Siddiqui's appointment and Siddiqui was neither a party nor a respondent in these proceedings. Siddiqui had also left the board of directors of Montebellos parent company 4 years prior to its bankruptcy. The counterclaims, thus, indicate that the allegations in the investigation were an attempt to defame him and impede his appointment as ambassador.
Siddiqui's reputation and work was acknowledged by US commentators while it was frequently criticized by Indian media.
In June 2018, Siddiqui presented his credentials to US President Donald Trump.
In July 2018, Siddiqui met James Mattis, the US Secretary of Defence. The meeting took place at the Pentagon where Siddiqui received a guard of honor on behalf of Pakistan.
During celebrations for Pakistan's 71st Anniversary of Independence in August 2018 at the Pakistani Embassy in Washington, Principal Deputy Assistant Secretary of State for South and Central Asian Affairs Ambassador Alice Wells, the chief guest at the event, acknowledged Pakistan's sacrifices against terrorism and stated that Sididqui was "an important player here" and that "everyone in town has met you and is talking about the energy you bring to the job."
In October 2018, the Pakistani Foreign Minister Shah Mehmood Qureshi announced a change in Pakistan's ambassadorial appointments to multiple countries including the United States, Canada, Saudi Arabia, Qatar, Serbia, Cuba amongst others. The individuals being changed were appointed during the regime of Pakistan Muslim League-Nawaz.
Special Assistant to the Prime Minister
Soon after Shahid Khaqan Abbasi became Prime Minister of Pakistan, Siddiqui joined the Government and served as a Special Assistant to the Prime Minister with the status of a Minister of State from August 2017 until May 2018.
Ambassador For Foreign Investment
On 13 June 2019, Ali Jehangir Siddiqui was appointed as the Ambassador for Foreign Investments in Pakistan in an Honorary Capacity. He played an important role in promoting US-Pakistan partnership and political relationship, who believes that, “Over the years, this partnership has shaped other global bilateral interactions as well as regional political developments."
Following Trump's tweet which produced negative sentiments against the US among Pakistani public, through Siddiqui's efforts, he has been able to open doors to mutual diplomatic dialogues between Pakistan and the US.
Under his tenure due to the efforts of the current government in encouraging foreign and local investments in the country, Hutchison Port Holdings – Hong Kong-based port operator— committed on 15 October 2019 to invest US$240 million in Karachi Port in order to make it a major trading hub.
The Pakistani Prime Minister, Imran Khan received the delegation of the group in October 2019, led by their Managing Director, Eric Ip. Many other Pakistani dignitaries attended the meeting, including Minister for Maritime Affairs Syed Ali Haider Zaidi, Advisor to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM Syed Zulfiqar Abbas Bukhari, Ambassador at Large for Foreign Investment Mr. Ali Jehangir Siddiqui, Chairman Board of Investment Zubair Haider Gilani and other senior officials.

Multilateral engagement

As Special Assistant to the Prime Minister in 2017 and 2018, Siddiqui participated as a member of the Prime Ministers delegations to the Organization of Islamic Cooperation, Commonwealth Heads of Government Meetings, UN General Assembly, Shanghai Cooperation Organization's Council of Heads of Government Meetings and the World Economic Forum Annual Meetings.
He was tasked to lead the Prime Minister’s agenda at the annual meeting of World Economic Forum 2020 held in January, at Davos.

Academic

Siddiqui’s early education consisted of:
Later, he lectured at various institutions, including:
Siddiqui was listed by Pakistan's Federal Board of Revenue as amongst the top 100 individual taxpayers in Pakistan for the year 2013. He was chosen as a Young Global Leader by the World Economic Forum 2014.

Court Cases

Siddiqui has earlier been called by the with respect to allegations that one of his companies, had manipulated its stock price resulting in financial losses to investors. Despite passage of several years, no allegations have yet been proved and Ali Siddiqui has based his defence on the premise that he was neither a party nor a respondent to the cases which negates any connection with the same. After the span of 1.5 years, NAB dismissed the case due to inability to establish facts. All allegations were dropped and Siddiqui was cleared by the court of law.