Businesses in the UAE must prepare for what awaits them from the banking sector later this year.
Right now, all borrowers are busy seeking deferrals and roll-overs from banks, but that forbearance by the Central Bank has been permitted till 31 December 2020, leaving individual deferral decisions entirely to banks. There is no regulation, but a guideline and a deadline.
Given this, it’s vital for businesses to prepare for what banks might do if they cannot pay even after the grace period.
Join our webinar in collaboration with an expert from Vianta Advisors DMCC to find out the steps your business can take to prepare for the future. Topics include.
Online. Upon registration, you will receive details on how to join the webinar.
11:00am - 12:00pm, 04 May 2020
Exclusive for DMCC Members
CHIEF FINANCIAL OFFICER
Jignesh Sanghvi is the Chief Financial Officer at DMCC, and a senior member of its leadership team.
Directing the organisation’s overall financial strategy, Jignesh is responsible for leading a variety of corporate finance teams including strategy, accounting, treasury and reporting.
Shaping DMCC’s culture of regulatory compliance and corporate governance, Jignesh oversees the organisation’s critical financial and risk management processes.
Joining in 2006, Jignesh has held various leadership roles within the organisation and across a broad range of operations
With over 20 years of experience in strategy, financial operations and management, Jignesh is a proven strategic leader with a strong track record of both building and managing successful finance and operating teams.
Prior to DMCC, Jignesh worked with Chicago Bridge and Iron, an international EPC company and leading auditing firms in the United Arab Emirates (UAE) and India.
Jignesh is a qualified Chartered Accountant with the ICAI in India, ACCA in the United Kingdom, and UAECA in the UAE, and holds a Bachelor’s degree in Commerce from Gujarat University, and a Post Graduate Diploma in Business Administration from Symbiosis International.
VIANTA ADVISORS DMCC
Vikram Venkataraman is a career banker with 25 years of experience in banking in India and the Middle East with banks like HSBC, ABN AMRO , Dubai Bank and Mashreqbank. Some of the key senior positions he held are:
His most recent experience in banking has been as the Head of the SME Business at Mashreq, which he left in 2010 to co-found an SME focussed banking advisory firm, and is now Managing Director of Vianta Advisors DMCC.
Vianta specialises in a) advising SMEs on how to secure bank financing in the UAE; b) working with corporates in handling restructuring of bank facilities for those under stress; c) providing Due Diligence services to banks for their SMEs and d) providing part-time CFO services to SMEs.
He is a regular speaker on SME financing issues and is constantly invited to speak at seminars at TECOM, DMCC, Dubai Exports, Dubai SME and Dubai Chamber of Commerce. He was also on the SME Task Force of the Dubai Chamber of Commerce. He is also a regular monthly columnist for Gulf News on SME and related issues.
Vikram has also been an entrepreneur, in the wellness business giving him a unique perspective of SME issues, both from a banking and entrepreneur’s points of view.
Vikram Venkataraman holds a BA from Loyola College, India and M.A from Oxford University, the U.K. He has served as the Secretary of the Oxford University Economics Society.