Suresh Muthukumaran

• Leading the Finance function of NIC (AED 4b size) which is involved in Real Estate, Retail and Hospitality investments. Reporting to the CEO, and providing strategy and finance direction along with managing three subsidiaries and more than 20 finance staff across the Group.
• NIC owns and operates the Marina Backwater Area of Abu Dhabi and owns Marina Mall, Marina Fairmont Hotel and service apartments (5 star), and three villa communities held for sale and lease.
• Successfully negotiated merged and refinanced AED1.6b facility for NIC Group.

Mubadala Infrastructure Partners Limited, Abu Dhabi, UAE


$425m Private Equity Fund with Mubadala, CS and GE as sponsors. The fund invests in infrastructure assets in MENAT region and is fully deployed.

Finance Director (Financial Controller from Mar 2008- Dec 2013)
• Instrumental in setting up and running the finance department and handling all aspects relating to Finance and Administration (F&A) of the fund.
• Report to the CFO; hold overall accountability of managing commitment drawdowns, LP reporting, distribution, carry calculation and fund scenario analysis.
• Key deliverables include budgeting and preparing financial statements of Fund, GP, Manager, and SPVs in US GAAP and IFRS.
• Monitor investment portfolio with monthly dashboards, quarterly valuations and report to the Investment Committee
• Work closely with Limited Partners (investors), bankers, auditors, administrators and sub-administrators of the fund within various jurisdictions such as Guernsey, Bahrain and Ireland
• Hold additional responsibilities including that of an HR, IT & Office Administrator
• Have defined an excellent reporting and MIS structure accentuating KPIs thus making it easier for management, board members, and audit committees to make informed business decisions
• Recognized as the ‘go-to’ man for advice on structuring the deal, Due Diligence review, deal execution and post investment management
• Established and amended fund creation documents such as LPA, PPM.
• Working on implementing ERP system - LB Officeone by Davigold
• Spotted management fee rebate issues and fees on commitment vs. drawn down (due to EBLs) and sorted them out
• Never missed any deadline (financial/compliance/reporting/filing) in any of the jurisdictions during my tenure

Major responsibilities and exposure
• Reporting to the COO/CFO of the Group.
• Preparation, consolidation and review of budgets for the Group as a whole with an outlay of more than USD 2.6 billion.
• Monthly management reporting and variance analysis of performance vis-à-vis budgets for the whole Group with more than 30 entities spread across the globe.
• Internal control review of the major functions across the Group.

• Reporting to the Chief of Group Audit and directly responsible for managing audits of business units coming under Dubai Holding Group, the largest Group in the Middle East with interests in diversified industries.
• With effect from Jan 2006, managing the audit requirements of the investment cluster of Dubai Holding Group and the Treasury and Finance functions of the Holding Company.
• Part of Dubai Holding are Dubai International Capital, Dubai Investment Group, TECOM, Dubai Internet City, Dubai Media City, Knowledge Village, Dubai Properties, Dubai Development and Investment Authority (Tatweer), Dubai Telecom, Samacom, Ehosting Datafort, DubaiLand, Arabian Radio Network, and Dubai Humanitarian City etc.
• External review work included organisations such as Dubai International Financial Centre (DIFC).
• Formalisation of corporate governance and department reporting structure, audit charter, internal audit strategy and establishment of KPIs for the department.
• Set up of Department budgets and standard audit forms and templates.
• Review of investments in fund of funds, hedge funds, private equity funds and investment strategy and corporate governance for investment companies.
• Facilitated control and risk self assessment (CRSA) workshops in TECOM
• Participating in Quality improvements and ISO certification for TECOM as a team member.
• Functioning as the Teammate Champion for the Department.
• Work includes risk profile development, business process review, audit planning, risk assessment, fieldwork, reporting and follow up. Managing audit assignments and supervising audit staff.
• Minimal exposure to Islamic investment mechanisms.

• Internal audit of all the Departments of the Emirates Bank Group including Group Treasury and Network International, the card processing centre, Special Loans Department, Group Finance Department.
• Conducted/led internal audit of Emirates Financial Services, Emirates Family of Funds, Emirates Merchant Bank Limited and EBI Brokers in Dubai Financial Market. Also performed high level review of the units including appraising asset quality.
• Exposure to risk assessment and adopting audit approach based on the residual risk prevailing in a business activity.
• Participated in the internal audit sign off of Kondor+ system, Treasury risk management system interface with TIBCO as middleware.
• Review of MIS of various Departments mainly Group Finance and Management Accounts and suggesting improvements over the existing MIS.
• Working knowledge of AS 400 Kapiti System, ACL audit software, Teammate audit management software, and exposure to preparation of systematic group risk profile (MIS of the Internal Audit Department) of various units to facilitate risk based auditing.
• Compilation of Audit Follow up reports and presentation of the report to the Board.
• System review of CAMRA (Asset management system) and MSHARE (Investor Database system) and NIAS (automatic reconciliation system for card transactions).

• Singly responsible for conducting internal audit including system study of all the departments in the Bank and reporting to the Area Manager, UAE and Gulf States.
• Well versed with the audit requirements of commercial and retail banking business including Treasury and Trade Finance.
• Instrumental in designing the Cards division accounting and MIS and reconciliation set up and has conducted VISA PIN Security Audit.
• Carried out a review of the Branch MIS present and suggested improvements. Review of various MIS reports and Statutory returns prior to presentation. Was an active participant in the monthly results review meeting of the Branch.
• Functional knowledge of SWIFT Alliance Entry system and was involved in the Y2K testing of the same. Functioned as the Bilateral key Exchange Manager for the Bank.
• Conducted the review and approved the Tele-banking system prior to its implementation.
• Co-ordinating with the Group Auditors from the Head Office during their inspection of the Branch and liasing with them for responses to their report and follow up action.
• Participated in designing the Department Procedure Manuals prepared by various departments.

Independently handled and finalised the various entities audits of Banks, multinational and UAE based companies across various industries like advertising, Oil & Gas, Engineering, Trading with specialisation in Advertising.

Special assignments
• Conducted a few investigation assignments of local groups
• Performed few due diligence assignments.