United Arab Bank
Sumit Takkar is a finance professional with extensive experience in risk management and treasury functions. Currently serving as the Head of ALM - Treasury & Capital Markets at United Arab Bank since June 2023, Sumit manages the Bank’s balance sheet, funding, liquidity, and capital management strategies. Previously, in roles at Ahli United Bank from April 2011 to January 2023, Sumit led the Market & Liquidity Risk function for the Group and contributed significantly as a Senior Manager in both Investments and Market Risk. Earlier experience includes positions at Ernst & Young, focusing on risk quantification frameworks and market risk models, and as a Derivatives Trader at Futures First Info. Services Pvt. Ltd. Sumit holds a PGDM in Finance and Economics from the Indian Institute of Management, Lucknow, and an M.Tech. in Computer Science & Engineering from the Indian Institute of Technology, Kharagpur, augmented by a Professional Risk Manager certification from PRMIA.
United Arab Bank
2 followers
United Arab Bank was incorporated in 1975 as a private joint stock company in the Emirate of Sharjah, United Arab Emirates. UAB is acknowledged as an established, leading financial solutions provider to the growing commercial and industrial base across the UAE. The legal form of the Bank was converted to a public joint stock company pursuant to Emiri Decree No. 17/82 issued by His Highness the Ruler of the Emirate of Sharjah on 29th July 1982. On 21st March 2005, the Bank’s issued share capital was listed on the Abu Dhabi Securities Exchange. UAB offers its customers a comprehensive suite of Corporate and Institutional Banking services supported by Trade Finance, Retail Banking and Treasury services, in addition to Islamic Banking solutions, thus positioning the Bank as the partner of choice among major corporate clientele segments. As at 31st December 2015 the Bank was ranked 11th amongst listed banks in the UAE in terms of market capitalization. In December 2007, UAB became part of a banking alliance upon the acquisition of 40% interest by The Commercial Bank, Qatar's largest private sector bank. UAB's strong financial performance in subsequent years is indicative of the benefits gleaned from its strategic alliance with the Qatari Bank. The Commercial Bank has similar alliances with National Bank of Oman (NBO) and Alternatifbank in Turkey, thus providing a solid platform for all three banks to grow strongly as we move forward. The Bank is rated Baa2 by Moody's with Stable Outlook.