Business Achiever - Corporate - The Institute of Chartered

SANDEEP KUMAR SARAWGI - 046684 CFO – Financial Sector

Chief Finance and Risk Officer – Antwerp Diamond Bank N.V., Mumbai branch

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Since September 2012, I am with Antwerp Diamond Bank N.V, Mumbai branch. ADB is a niche bank set up about 80 years back, focused on financing the diamond trade. The Mumbai branch is operational in India since 2002 and the Balance Sheet as at March 31, 2012 was Rs.1,145 crore. The global Balance Sheet of ADB as at December 2011 was Euro 1.8 billion. The parent bank of ADB is KBC Bank, Belgium whose global consolidated balance sheet as at December 2011 was Euro 285 billion. KBC Bank is listed on the NYSE Euronext stock exchange, whereas ADB is not listed.

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From January 2007 to September 2012, I was with ICICI Bank Limited whose consolidated balance sheet as at September 30, 2012 was about Rs.6,000 billion. ICICI Bank is listed on the NYSE, USA and in India.

• At Antwerp Diamond Bank N.V., Mumbai branch, I am the Chief Finance and Risk Officer and am responsible for finance, accounts, tax, MIS, compliance, Middle Office, ALM and risk management. I am also a part of the Branch Management Committee which is the apex body for the branch and am also a member in all the other committees. I report to the country CEO and to the senior management at the Head Office at Antwerp, Belgium.

• At ICICI Bank Limited, I was part of the Executive Director and CFO’s office and have handled the following responsibilities: – Management information (MIS) – Consolidated financial statements for the group which comprises about 35 entities in India and overseas (UK, Canada, Russia, Mauritius) – Regulatory monitoring at the group and bank-level – Regulatory reporting for the group and Bank-level – Accounting and reporting for the NPA portfolio, at the group and Banklevel.

• Rank holder Chartered Accountant with over 20 years of experience in India and abroad. – Final ICAI exam of 1992 – Intermediate ICAI exam of 1990.

• Have been in finance leadership roles and in the CFO domain for over 15

years. Worked in multi-cultural / multi-geography work environment, interacting with top management, throughout my career. – have worked in UAE, Qatar and Oman with Arthur Andersen & Co. from 1993 to 1995. – participated in a worldwide training of Arthur Andersen in Spain – have done an audit assignment in Japan – worked as part of the Asia Pacific set up of J.P.Morgan and participated in a worldwide training at NewYork, USA – worked and visited clients from USA and UK for Intelenet – led and participated in a training organised by the BSE Training Institute to South Korea – Visited ICICI Bank’s subsidiary in Russia – Visited the Head Office of Antwerp Diamond Bank at Antwerp, Belgium.

• Through my career, have worked in different corporate forms: holding

company, subsidiary, joint venture, standalone company, a cluster of companies, India operations for a MNC company reporting to the Head Office abroad.

• Have been associated with beyond 'business as usual' situations: break up

of a joint venture at ICICI Securities (between ICICI and J.P.Morgan), management and strategy change at IDBI Bank, new set up of Intelenet Global Services (now called Serco Global), expansion phase of multiplex at Fun Republic, corporatisation and demutualisation at Bombay Stock Exchange, consolidation phase at ICICI Bank and shareholding and management change at my current assignment with Antwerp Diamond Bank.

• Winner of the First CFONEXT100 Award 2012.