From its founding in 1971, LSE continued to receive immense leadership and management contributions from a number of well-reputed and astute professionals. During all these years and especially during the company’s operations as a Stock Exchange from 1971-2016, LSE also continued to undergo a number of changes in its governance, management and ownership structure.

Initially, the members of the stock exchange in their capacity as the perceived owners of LSE, used to manage the company through their elected Board of Directors, wherein the Presidents/Chairmen and the Vice-Presidents/Vice-Chairmen of the Exchange represented as the top management of the company. The day-to-day management functions of the company used to be performed through various Committees of the members, which also handled critical functions of the exchange such as the clearinghouse operations and default management oversight.

For almost twenty (20) years, the secretarial and administrative functions of the Company used to be headed by the Secretary of the Exchange. In 1993, the position of the ‘General Manager’ was created to supervise the affairs of the exchange on an independent basis. During 1998, under the guidelines of the Capital Market Development Plan of the Asian Development Bank, LSE Board was required to re-structure itself by reducing the number of the member directors and appointing Non-Member directors, besides establishing the position of a professional Managing Director/CEO, so as to improve the governance structure of the Exchange and also enhance investors’ confidence in the integrity of the marketplace. During 2005, the new regulatory guidelines discontinued the election of Chairman of LSE from amongst the elected Member/Broker directors, and instead required that the office of the Chairman should be held by an Independent Director.

From 1970-2005, some prominent individuals who held the office of the President/Chairman and Vice President/Vice-Chairman included, Mr. Naseer A. Sheikh (Crescent Group), Mian Rafique Saigol (Kohinoor Group), Ch. Nazar Mohammad (Servis Industries), M. Aslam Amin (Seth Abid Group), Mian Tajammal Hussain, Mr. Bashir Ahmad Buksh, Mr. Perviaz Ahamd, Khawaja Hamad Saeed, Mr. Noshir F. Dastoor, Mirza Sher Dill, Dr. Yasir Mahmood, Grp. Capt (R) Naeem A. Khan, Mr. M. Tabassum Munir and Syed Asim Zafar, while, the post of Managing Director/CEO was held by Mr. Jamil Ahmad, Mr. Samir Ahmad and Mr. Hamid Imtiazi.

From 2005 to 2012, the prominent persons who, having been appointed as the Independent Directors of the Exchange, were elected to the office of the Chairman of LSE, included, Mr. Ibrar A. Mumtaz (Fazal Din Pharma), Mr. Hamesh Khan (President Bank of Punjab), Mr. Arif Saeed (Servis Industries). From 2012 to 2016, the office of the Chairman of LSE was held by personalities like Mr. Aftab Ahmad Khan (Nishat Group), Dr. Salman Shah (former Federal Finance Advisor), Mr. Khalid Aziz Mirza (former Chairman SECP and CCP) and Mr. Muhammad Naeem. During this time, Mr. Hamid I. Imtiazi, Mian Shakeel Aslam and Mr. Aftab Ahmad Chaudhry served as the MDs/CEOs of the Exchange.

After the merger of the stock exchange business on Jan 11th, 2016, the residual/surviving company of LSE was given the license to operate as a Non-Banking Finance Company (NBFC) under the name of LSE Financial Services Limited (LSEFSL).

From 2016 to 2022, Mr. Rashid Rahman Mir served as the Chairman of the Company. After acquiring the management control of LSEFSL (before the demerger), the new owners elected their group leader, Mr. Zahid Latif Khan, as the Chairman of LSEFSL. During this period, a number of professionals also served as the full-time CEOs of the company, which included Mr. Naveed Amin, Mr. Farid Malik, Mr. Sibghat Ullah Khalid, Mr. Nafees Ahmad and Mr. Amir Zia. In 2023, Mr. Ghulam Mustafa Cheema, the CFO of LSEFSL was promoted and appointed as the first CEO of LSEFSL after its demerger from the other group companies, while Mr. Aftab Ahmad Chaudhry was appointed as the CEO of all LSE companies at the group level.