Fixed Income Manager
Emirates Islamic Bank
Total years of experience :19 years, 7 Months
Key-achievements
• Managed Bank’s ALM/ proprietary-book AFS Fixed income/sukuk portfolio (billions AED) with decent earnings (accruals, MtM gain), performance and exceeded expectations within reasonable risk-parameters, have outperformed benchmark index regularly since 2012. Portfolio geography covered GCC (UAE, Qatar, Saudi, Oman & Bahrain), S. Africa/ Turkey, Asia (HK, Indonesia, and Malaysia) sovereign, supranational, GRE, Financial Institution & Corporates risk.
• Anchored the JLM (Joint Lead Manager) mandated roles to EIB in several USD denominated, benchmark size, 5y, A-rated/stable debt capital mkt (DCM) deals (e.g. DIB 21, EIB 21) with active participation including coordination with the deals Global coordinators/ JLMs/ Syndicate team (SCB/ HSBC/ NBAD/ Maybank/ others), book-runners, distribution, pricing, allocation, etc. Sold debt capital market (DCM) deals to several FI & NBFI clients spread across MENA region & Asian market, generated millions-dollars (3 digit figures) firm-orders altogether and managed to close/launch the deals with the Issuer with success.
DEALER, TREASURY SALES-DESK & DCM DESK: 2016- Sep 2017
Dealer- Fixed Income Sukuk sales-desk: Executed deals in the Inter-bank market for sales/clients (institutional, direct-dealing, PB), provided daily market updates, pricing, spreads, rating, yields, etc. The key person on the Desk for primary offerings/ market updates, secondary opportunities within GCC, MENA, Asian market across different issuers (Sovereigns, FI, Corp., GREs, Supra-nationals). Also managed client’s flows for funds, structured products, etc with ENBD AM/ PB Trading Desk.
Dealer FX / Forwards/ IRS Sales flow desk: part of the Sales-Team responsible for managing flow-desk from the Bank’s network (corp., trade-finance, others) and covered back-to-back in inter-bank market to manage NOP limits.
ALM FIXED INCOME SUKUK PORTFOLIO MGMT : 2011 - 2016
Outstandingly managed Bank’s prop-book AFS Sukuk portfolio (billions AED) with decent earnings (accruals, MtM gain), exceeded expectations within reasonable risk-parameters, outperformed benchmarks regularly since 2012. Geography included GCC, Asia (HK/ Indonesia/ Malaysia), South Africa, Turkey and US for Supranational, Sovereigns, GRE, FI & Corporate risks.
• Managed Bank’s fixed income Sukuk prop book portfolio and trading activities as per the bank mandate, keeping in view the risk appetite, duration, weighted avg. yield, and other parameters. Actively monitored credit market, spreads, rates, swaps, CDS, UST, FX, risk-returns impact, fundamental/ technical, RV, ASW and other valuation metrics and kept the mgmt. abreast.
• Debt capital market (DCM): successfully anchored JLM mandated role to EIB including active participation with Syndicate team (SCB, HSBC, NBAD & others) for launching, book-running/ pricing/ allocation and getting it closed/launched along with the Issuers/Syndicate (eg. DIB 21, EIB 21).
DUBAI BANK (pre-Emirates NBD takeover) Investment Analyst, Treasury, Capital Market & Investments (2005 - 2011)
Bank proprietary book investments
• Managed Bank’s ALM different asset-classes prop-book investments including local & global equities, fixed income sukuk, specialty private equity & real estate funds, CDO & other investments (size AED billions). Geography included China-HK, Singapore, South-east Asia, (CEEMEA) S. Africa, GCC, Turkey, Russia, EU, UK, and North America (US, Canada).
Global Capital Market- Sales-Trading/Execution Desk
• Fully and independently managed key capital market roles - trade executed in global markets (both EM/DM) viz. China/ HK, Singapore, India, Pakistan, Turkey, Russia (local/ADRs/GDRs), US, Canada, UK and EU mkt with leading counterparties (Citi, UBS, JPM, DB, HSBC) both voice & Bloomberg Trading system).
• Provided key supports viz. trade-execution, advisory support in all asset class including equities, sukuk, funds, private equities, equity-linked derivatives (ETF, ADR, GDR, P-Note).
* Managed very proactively approx. USD 50m direct US equity investment book with excellent track-record during pre-internet and post bubble era (1998-2002).
* Managed diversified, long-term, growth, funds investment with Charles Schwab, Pictet and other fund houses in addition to UBS, BAML (Merrill Lynch), E-Trade and others.
CFA Level 3 Candidate CFA Level 1 and 2 Passed
MBA Finance equivalent
