Omar Khan and Billy Procida pose with the brochure for Noon Qayum, a large engineering firm in Pakistan in the 1970s and 1980s. — Courtesy: Procida Funding and Advisors
By Joshua Burd
Procida Funding and Advisors has made a new addition to its asset management team, one whose family has deep ties to company founder Billy Procida.
The Englewood Cliffs-based firm this week announced the hire of Omar Khan, who will help oversee the real estate investment vehicle known as the 100 Mile Fund. The announcement noted that Khan’s grandfather, Abdul Qayum, helped launch Procida’s career in 1982 with an investment of $400,000, when Procida was a 19-year-old aspiring developer.
Procida Funding also said Khan’s uncle, Ahsan, worked with Procida in the early 1980s to build the White Beach Condominiums Marina between the Throgs Neck and Whitestone bridges in the Bronx. The project resulted in Procida’s 15-year run as a New York developer and contractor, culminating with him being named New York City Developer of the Year.
“I was very lucky to have met, been mentored and receive investment money from Omar’s grandfather Abdul Qayum,” said Procida, the CEO and president of Procida Funding and Advisors. “Abdul was a member of Noon Qayum, one of Pakistan’s biggest engineering firms in the ’70s and ’80s. I love and miss him and still have his brochure in my office, so when his grandson walked in it was a total ‘wow’ moment.”
The younger Khan graduated from Texas A&M University, where he was the valedictorian for his class and a member of the Chemical Engineering Honor Society. His past internships include Descon Engineering in Qatar, Atlas Honda and HAQ Consult in Pakistan.
As part of the team overseeing the 100 Mile Fund, an open-ended investment vehicle, he will work in a range of asset classes within a 100-mile radius of Englewood Cliffs. Those assets include ski resorts, hotels, manufacturing facilities, chemical plants and as conventional real estate classes.