Hussain A. Lalani FCA CISA- Acting Chief Executive Officer
Hussain A. Lalani FCA CISA- Acting Chief Executive Officer

Mr. Lalani joined UGB in 2002 and was appointed as the Acting CEO in September 2015. His career extends over 19 years and he has worked extensively with the Board of Directors on advisory transactions in his previous capacity as the Bank’s Chief Financial Officer, and partnered with business divisions to support growth and business plans. Mr. Lalani was previously employed by Ernst & Young (Bahrain) and PriceWaterhouse Coopers (Pakistan). He is a Board Member of Takaud Savings & Pensions B.S.C. (c), Bahrain, Global Banking Corporation, Bahrain and Assoufid B.V. A Chartered Accountant and a Certified Information Systems Auditor, Mr. Lalani holds a Bachelor of Commerce degree from the University of Karachi, Pakistan.

Mohammed Alqumaish CIA CISA - Senior Vice President, Head of Internal Audit & Quality Assurance and Corporate Secretary

Mr. Alqumaish joined UGB in September 2001. He has more than 19 years of regional, commercial and investment banking experience in internal auditing, risk assessment, compliance, corporate governance and quality assurance services. He previously worked with Ahli United Bank and Shamil Bank in Bahrain. Mr. Alqumaish is a Board member of Tunis International Bank, Tunisia and Al Ameen Real Estate Investment Company, Iraq. He is a member of the Board Audit Committees of KAMCO Investment Company (KAMCO), Kuwait; Tunis International Bank, Tunisia; Gulf Bank Algeria, Algeria; and Syria Gulf Bank, Syria. A Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA), Mr. Alqumaish holds an MBA from the University of Strathclyde Business School, UK.

Deepa Chandrasekhar APRM CAMS FICA CFE, Chartered MCSI - Senior Vice President, Chief Compliance Officer & MLRO

Mrs. Chandrasekhar joined UGB in 2008. She has over 27 years’ experience in the areas of risk management, treasury, operations, internal audit and compliance. She started her career with Citibank as a foreign exchange dealer, and since then has worked extensively in the Middle East. She was previously Head of Risk at RAKBANK, UAE. Mrs. Chandrasekhar holds an MBA degree from the University of Alberta, Canada; as well as the professional certifications of CAMS, CFE, FICA and Chartered MCSI. She is a member of the Steering Committee of the Professional Risk Managers International Association (PRMIA), Bahrain Chapter; and the Advisory Council of the Chartered Institute of Securities and Investment (CISI), Bahrain Chapter. She also serves as an international moderator in the field of compliance and corporate governance, for the Finance Accreditation Agency, Malaysia. Mrs. Chandrasekhar is a frequent speaker at professional forums and has published several financial articles in leading industry publications.     

Syed Rehan Ashraf, FCA MBA - Chief Financial Officer

Mr. Ashraf joined UGB in 2005. He was appointed CFO in October 2015 after serving as Head of Credit and Risk Management since October 2007. He has more than 19 years of experience in the areas of credit, risk management, advisory, compliance and assurance services – with Islamic and conventional banks – and the big four audit firms. He previously worked with Shamil Bank, Bahrain; Deloitte & Touche, Pakistan; Faysal Bank, Pakistan; and PriceWaterhouse Coopers, Pakistan. A Chartered Accountant (ACA) from the Institute of Chartered Accountants of Pakistan, Mr. Ashraf also holds an MBA from DePaul University of Chicago, USA. 

CFA, MBA - Vice President, Head of Asset Management & Investment Banking
Nirmal Parik, CFA, MBA - Vice President, Head of Asset Management & Investment Banking

Mr. Parik joined UGB in 2007. He was appointed Head of Asset Management & Investment Banking in October 2015. He has more than 14 years of experience in the financial services industry in investment banking, asset management and corporate banking (corporate credit and corporate relationship). Mr. Parik has worked across deals in MENA region, Europe and Asia, spanning multiple industries including financial services, real estate and industrials. At UGB, he is responsible for maximising value of UGB’s investment portfolio, through strategic planning of investment activities, and managing post acquisition activities. Prior to joining UGB, Mr. Parik worked in various capacities with multinational firms including ING Investment Management (I) Pvt. Ltd., the asset management arm of ING Group NV, Netherlands; and IL&FS Financial Services Ltd, a leading player in project and infrastructure finance in Asia. He currently serves as a Board Member of International Innovative Technologies Ltd., a technology development company based in the UK. Mr. Parik is a Chartered Financial Analyst (CFA) and holds an MBA degree with specialisation in Finance from BIM Trichy, India.    

Assistant Vice President, Acting Head of Credit & Risk Management
Abbas Al Tooq , MBA - Assistant Vice President, Acting Head of Credit & Risk Management

Mr. Al Tooq joined UGB in 1999. He was appointed Acting Head of Credit and Risk Management in October 2015. He has more than 19 years of experience in the areas of credit, risk management, operations and audit. He previously worked with Jawad Habib Coopers & Lybrand, Daiwa Middle East Bank, and The Arab Investment Company. Mr. Al Tooq holds an MBA degree from DePaul University, Chicago, USA; and a Bachelor of Science (BSc) degree in Business Administration from the University of Bahrain.

Adel Al-Arab, CRA - Vice President, Head of Operations

Mr. Al-Arab joined UGB in 1994. He has over 20 years of experience in the field of operations, credit and risk management. Mr. Al-Arab holds a Bachelor of Science (BSc) degree in Business Administration from the University of Bahrain. He is a Chartered Risk Analyst (CRA) from the Global Academy of Finance and Management, USA; and was awarded the Certificate of ISMA Foundation Program from the International Securities Market Association, Zurich. Mr. Al-Arab has attended several professional courses in banking, finance, and risk management.