EIF establishes exchange sector advisory committee to drive Emiratisation

DUBAI, 14th April, 2023 (WAM) — The Emirates Institute of Finance (EIF), the region’s leading institute for education and training in finance, has announced the establishment of the Exchange Sector Advisory Committee (ESAC), aimed at driving Emiratisation in the exchange sector.

The committee will work towards implementing the Central Bank of UAE’s directive of achieving 30% Emiratisation across the exchange houses in the country by 2027, with the aim to benefit over 500 Emiratis with employment in exchange houses every year.

The committee’s roles include suggesting the evolving learning and development requirements of the sector, approving learning solutions developed by EIF in consultation with the industry, supporting EIF in engaging the whole exchange sector across various functional levels, representing the industry in various forums and meetings including engagements at the Central Bank of UAE, highlighting opportunities, challenges, and other actionable items for review of the Central Bank of UAE, and contributing to industry research, events, and other engagements of importance to the Institute and the Central Bank of UAE.

ESAC comprises seven members with diverse backgrounds and expertise in the exchange sector, including Shamil KP, Administration Manager – Foreign Exchange and Remittance Group (FERG); Mohan Shetty, General Manager – HR & Admin, Orient Exchange; Sheetal Subhash, Group CHRO – Al Fardan Exchange; Kristine De Leon, Senior HR Business Partner – Al Rostamani Group; Fatma Al Sarrah, Head of Human Resources – Wall Street Exchange; Vice Chairman elected: Sai Krishnan, HR Manager – Lulu Exchange; and Chairman elected: Georgette Yousef, Group CHRO – Al Ansari Financial Services.

During the first meeting, the committee discussed the role and responsibility of the committee, the proposed learning plan, challenges faced by the UAE Nationals, and the plan for a career fair for recruitment.

The learning plan is designed to enable professionals in the exchange field and includes critical areas for the exchange sector such as compliance, audit, treasury, finance, HR, project management, cybersecurity, data analytics, fintech/ digital, software, and IT infra and network.