FIMBANK

A Global Force in
Trade Finance

Executive Management

Murali Subramanian - Chief Executive Officer

Murali Subramanian is a results-oriented senior banker with a proven track record in developing and executing growth strategies on a global basis. Prior to joining FIMBank, Mr Subramanian was Executive Vice President at Abu Dhabi Commercial Bank for 6 years, where he held the position of Head of Transaction Banking of the Group. His key responsibilities at this financial institution included the management of trade and supply chain growth business where he oversaw the growth and return to profitability of this USD 250 million revenue business. This followed a 21-year career at Citibank and earlier ABN Amro, where he occupied various posts in several geographies, ending his career at Citi as Managing Director, Global Head of Domestic Payables. At Citibank Murali built the Trade, Supply Chain and Cash Management businesses in MENA, West Africa, Russia and the CIS, extended the company’s domestic payables capabilities in over 100 countries.

Murali holds a Bachelor of Technology in Mechanical Engineering degree from the Indian Institute of Technology, as well as a Masters in Business Administration, Finance and International Business from the Indian Institute of Management. He was appointed Chief Executive Officer of the FIMBank Group on the 6th August 2015.

Howard Gaunt - First Executive Vice President

Howard Gaunt is an American from New York and joined the FIMBank group in November 2015 as the Group Chief Operating Officer. He is responsible for the overall operations related functions across the group and sits on several committees including: the Executive Committee, Credit Committee, Asset-Liability Committee and the IT Steering Committee. Howard is also a director of FIM Property Investment Ltd and FIM Business Solutions.

Before joining the FIMBank group, Howard was the General Manager for the Wholesale Banking Group activities in the Abu Dhabi, Al Ain and GCC regions at ADCB between 2007 and 2015. He was responsible for the strategic development and end-to-end management of the Commercial (SME), Corporate (TTLC) and Government (GRE) businesses across the local, GCC and Indo-Arab trade corridor. Howard successfully integrated the customer coverage and analytics units allowing for the industry and customer segmentation, single banker customer coverage and the creation of the Client Service Team.

Howard’s banking career spans over 31 years in senior national and international assignments with Wells Fargo and Company, Citibank, Citicorp, Citigroup and Samba Financial Group. He has a Bachelors degree in Political Science and International Relations from the University of Southern California (USC) and is a Certified Investment Manager, CIMC, with the Investment Management Consultants Association, IMCA.

Simon Lay - CEO, London Forfaiting Company Ltd

Simon Lay started his career with the Midland Bank/HSBC Banking Group, where he worked in a number of areas, including those of International Banking, Corporate Finance, Controller of Lending, Trade Finance and Forfaiting. Subsequently, he was given responsibility for leading Midland’s forfaiting subsidiary, Mid Aval. Simon joined London Forfaiting Company Ltd (LFC) in 1991. In the various senior positions he occupied at LFC, he was entrusted with the expansion of the company’s operations, including in the Americas, the Middle East and Turkey. He was appointed to the company’s Board of Directors in 1997. Following LFC’s acquisition by FIMBank plc in 2003, Simon was appointed as its Managing Director, with global responsibility for the company’s business, including its overseas branches and subsidiaries. During this period, he managed to transform the company from making losses to one which has consistently contributed to the profitability of the FIMBank Group. Today, LFC has established a proven reputation for providing fast, efficient, tailor made non-recourse finance solutions to importers and exporters worldwide. Simon enjoys a reputation as an authority on forfaiting and trade finance, having written numerous articles and been a regular speaker on the subject.

On the 1st January 2015, in the face of unprecedented challenges for the FIMBank Group, he was appointed Acting CEO and tasked with leading the Group on a course which would enable it to meet the performance expectations of its shareholders. In the space of seven months, Simon managed to implement an effective turnaround strategy, fine-tuning FIMBank's strategic focus, overseeing the transition towards a more efficient deployment of resources, and consolidating the Group's global operations. Simon, who is a member of FIMBank’s Executive Committee, is also the Bank’s Representative Officer in the United Kingdom. Simon is now currently the CEO of LFC.

EXECUTIVE VICE PRESIDENTS

Michael Davis - Executive Vice President, Chief Compliance Officer & MLRO

Michael DavisMichael Davis began his banking career in the UK in 1986 after a 6 year period as a secondary school teacher in Gibraltar where he was born.  He has over 23 years regulatory and compliance experience and joined FIMBank in July 2011 as Head of Compliance and MLRO. Prior to that he was EMEA Head of Compliance for the Macquarie Group based in London. During his 11 years at Macquarie he was responsible for setting up Macquarie’s compliance infrastructure throughout the region during a period of extraordinary growth from 45 members of staff in 2000 to over 1500 in 2011. He was also responsible for managing relationships with key regulators throughout the UK, Europe, South Africa and the Middle East and was responsible for the licensing of several Macquarie branches and subsidiaries.

He has also played active roles on various industry association committees in the UK specializing in compliance and regulatory issues. Prior to specialising in compliance his early banking experience was spent trading foreign exchange, money market instruments and commodity derivatives. He joined LME Ring Dealing and founder member, Rudolf Wolff & Co Ltd in 1990 as a Treasury Trader and in 1992 became their Compliance Officer and MLRO.  Michael is a skilled trainer in compliance and anti-money laundering matters and has been an examiner for the Futures and Options Association Diploma in Compliance in the UK.

Ronald Haverkorn - Executive Vice President, Chief Risk Officer  

Ronald Haverkorn joined FIMBank in May of 2015 as the Chief Risk Officer and Executive Vice President. He is responsible for the risk related functions in the group. He sits on several board and committees including; Board Risk Committee, ALCO, Group Executive Committee and Credit Risk Committee. Before joining FIMBank Ronald had a 22 year career in the International Division of Wells Fargo Bank where he worked in the United States as well as in the United Kingdom and Germany while managing global teams.    

During his career he has held various global positions in financial institutions and corporate banking with a focus on the Emerging Markets. Responsibilities included; trade finance, structured finance, syndications, risk mitigation, asset trading, portfolio management, risk reporting and relationship management. He was a member of several divisional committees, risk committees and ALCO.

Ronald was born in the Netherlands and moved to the USA to go to pilot school and attend university. He graduated from the University of Texas with a B.A. degree in business administration.

Andrea Batelli - Executive Vice President, Head of Legal & Company Secretary  

Andrea Batelli joined FIMBank in June 2010 as Head of Legal & Compliance of the Group. Andrea has more than twenty years of experience in the banking sector with a particular focus on trade finance and compliance. Andrea was appointed FIMBank’s Company Secretary in 2013. Before joining FIMBank, Andrea has occupied the position of Head of Legal Department and General Counsel at Banca UBAE SpA, Rome (Italy), where he also acted as member of the Oversight Body with a compliance role. During his career at Banca UBAE, Andrea has acquired extensive international expertise in the banking activity particularly in the Mediterranean, Middle and Far East Area together with a thorough knowledge of these markets, their culture and the associated challenges.

Andrea received his Degree of Law from the University of Perugia (Italy) in 1997 and a Master in International Company Law in 2000. He has been certified by the Rome Bar as an eligible lawyer and thus he is qualified to representation and defense before the Italian Courts. During his career, Mr. Batelli is a member of the board of directors of Egypt Factors and chairman of the board of FIMFactors BV.

Nilanjan Ray - CEO, FIMBank DIFC Branch

Nilanjan Ray joined FIMBank on February 19, 2017 As Chief Executive Officer of DIFC Branch in Dubai. Nilanjan is a commercial banker with over 19 years of diverse experience, serving a wide range of Commercial, Corporate, SME and MNC customers in India and the Middle East.

In his previous stint at the National Bank of Abu Dhabi, he led a transformation of the Commercial Banking business in his role of Managing Director – Global Commercial Banking. He was responsible for delivering the commercial banking mandate across UAE, Oman, Egypt, Jordan, Kuwait and Bahrain. He had previously transitioned the Commercial (SME) segment in Abu Dhabi Commercial Bank into a major business for the bank, over a period of six years. Prior to joining ADCB in October 2007,

Nilanjan had worked in ICICI Bank, Bahrain as Vice President - Corporate & Commercial Banking, where he was in charge of launching the Commercial banking proposition for ICICI Bank in GCC. During his tenure in India he worked with ICICI Bank, HDFC Bank and Agriculture Finance Corporation. He was engaged in various leadership roles in the SME segment, in coverage as well as risk functions. He also has experience in Project Evaluation and Monitoring as well as Fixed Income Sales through the roles he held in the initial stages of his banking career. Nilanjan holds a post graduate business degree and a graduate degree in Economics.