1. Bassam M. Daoud
Email: bdaoud@ymail.com
Mobile : 00971 50 3477210
Lebanese
Summary:
Decisive, disciplined and financially rewarded for results Head of Credit and Risk. Offering 30 years
of experience in the GCC region managing Country and International risks in an expansionary
environment for Corporate, Retail lending , SMEs, Syndications and Capital Markets / monitoring
and controlling Credit and Market risks related to investment products, with exposure to Islamic
Lending (Emirates Islamic Bank-subsidiary of Emirates NBD). Has led a large team of credit officers
and effectively managed over AED 85 billion Corporate and Retail assets of which AED 6 billions of
Islamic Portfolio applying controls and analytical skills. Has detailed knowledge of Risk
Management methods (Basel II, Basel III), credit policy and administration procedures acquired
over a successful career supported by formal international training (Citibank NA). On few occasions
I spoke and lectured at Dubai chamber of Commerce and regularly conducted training seminars
using own developed programs and Credit Manuals. In two roles I have created a robust and
dynamic credit review department in two major banks (ADCB & CBI) and have implemented Risk
Appetite (RAS) and Risk Metrics within Risk Management. Rewarded financially (multiple salary
bonus) for accurate risk mitigation in distressed/highly leveraged companies and managed credit
extensions and recovery of special bad debt assets during the local financial crisis (2008-2011), and
deteriorating market conditions saving my last bank AED 3 billion potential loss.
Experience:
Management & Financial Consultant to Bank BOD/Oliver Wyman Jul 2011- Jan
2016
Associated with Oliver Wyman, an international Consultancy firm.
-Advise Bank Board and Audit team on strategy, Implementing Basel II/ lII, Corporate and Retail
portfolio Credit Review and Assessment, Risk Policy & Procedures. Impact of IFRS 9 , and
delivering formal credit training programs. Managing financial transformation consultancy projects
to implement Risk Management Enterprise and risk Appetite applying best practice.
- Plan and execute the transformation project on turn-key basis
- Act as a guide to Risk Assessment, Credit Risk, Operation risk, Market and Reputation Risk.
-Ensure controls are in place with remedial action plan.
-Training, mentoring and coaching the management during the transformation process.
• Technical Skills - credit appraisal skills, Financial analysis/quantitative Skills, Risk
Management implementation, Knowledge of internal Banking Processes, Banking product
knowledge including Trade Finance, Investment Products, cash management and Treasury.
Head of Credit, Risk Management & Advances
Commercial Bank International (CBI), Dubai, UAE Mar 2005 – Jun 2010
CBI was a low profile bank privately run by a group of local families with simple operations and
unclear strategy. I was brought in the midst of new corporate ID and corporate image to lead the
team and deliver similar results to those I delivered in my previous bank (ADCB). Results have
been delivered over 2 years awarding me extra-ordinary bonus. I acted CEO for 6 months. The
bank was later taken over by QNB prompting me to resign short of becoming the actual CEO. I
have reviewed and approved credit portfolio of over AED 14 billions of which around AED 5 billion
within my credit approval delegated authority, and ensured that accounts were properly
underwritten, risk- rated and adequately collateralized to mitigate risks. I implemented Risk
Appetite Model and Metrics for different risk types.

2. • Established a fresh Credit Culture in the bank by introducing and implementing new policies
and procedures, training, motivating and guiding 14 credit review, 4 Risk Management and 34
relationship managers and Divisional Heads.
• Formulated the credit strategy (Balanced Score Card), measurable KPIs/ KRIs and initiatives,
and provided necessary training for both Wholesale and Retail.
• Developed Risk Management Framework and established processes for Identifying,
Measuring, Monitoring, Managing and reporting all material risks such as credit, market,
operational, strategic, reputation, credit concentration risk, liquidity risk, interest rate risk in the
banking book
• Recommended, monitored and controlled credit and market risks related to investment
products of the whole bank
• Created new approval process and controls for the Corporate & Retail Businesses.
- Delegated lending authority by the BOD up to AED 15 millions to approve credit proposals.
- Attended and effectively contributed recommendations to bank Committees; ALCO, OPCO,
Investments, Retail, Corporate and SME business Committees.
- Coordinated with external partners such as auditors, internal and external law offices,
regulators/central bank, rating agencies.
- Appointed as Chairman of the Internal Credit Committee reporting to BOD Committee.
- Appointed as Chairman of the Risk Management (Basel II/Basel III) Committee.
Major Achievements:
• Changed the previous cottage based Credit practices to Robust Credit approval and Process.
Established a new advanced Credit Culture in the Bank with proven controls and recruited
competent Credit Review Managers (6 new review managers in addition to existing six) and 4
Risk Management managers to cope with nine folds increase in portfolio
• Converted the credit processes from previously practiced Arabic language into English
• Implemented new Risk Management and Compliance to Basle II within two years
• Reduced Net loss from 17% of total corporate portfolio to less than 1.25% in three years and
from 21% of retail to less than 1.75% of Retail Portfolio over the same period
• Introduced and implemented Credit Strategy and Initiatives(Balance Score Card)/KPIs
Head of Group Credit & Risk Management
Abu Dhabi Commercial Bank (ADCB), Abu Dhabi, UAE Jan, 2001 - Feb,
2005
ADCB was a sleeping giant running on traditional and old system hiding great potential.
Management was being changed with a new CEO and Chairman coming on board. I was recruited
by the BOD to join the team and contribute to the then forthcoming challenging changes. This was
a real challenge that can happen once in a life time.
• I provided leadership to a new team I recruited additional 28 credit review managers involved in
the credit processing and approval functions.
• Managed the daily approval process of Credit, Market, Treasury, Operational risks bank
portfolios of over AED 85 billion with BOD approving delegated authority up to AED 25 millions;
and successfully negotiated credit limits and contract terms that were favorable to ADCB.
Launched several IPO credit programs and processes and lending against shares.

3. • Led the newly formed corporate credit risk committee in its review and approval of
counterparties for several domestic and international subsidiaries.
• Spearheaded the development, improvement and refinement of new credit policies,
procedures and strategies to enhance the bank’s risk management platform.
• Implemented a new Credit Risk Management system/Risk Appetite in the credit
appraisals(rating models-RAROC + ICAAP)-PD,LGD,EAD, to more effectively measure credit
exposure and collateral requirements v.s capital adequacy in both current market conditions
and stressed scenarios(Basel II)
• Managed the development of a new credit metrics system based on key performance
indicators by industry and product to provide recommended counterparty risk ratings and credit
limits. Formulated credit policies and Trained Credit Appraisal Managers on credit analytics and
strategy, with measurable KPIs/KRIs and strategy initiatives.
• Responsible for the Annual Disclosures and submission of reports to BOD (Basel II )
• Written the credit and the Bad &Doubtful/write off policies & Created new credit manuals
• Attended and effectively contributed to bank Committees; Operations, ALCO, Finance
• Chaired the Internal Credit Committee reporting to Board Executive Credit Committee
• Chaired the Risk Management Committee, and administered the approval process
Major Achievements:
• Created new Credit culture & Credit Processes to replace the historically traditional lending in
the bank. And embedded Management in the credit appraisal process
• Slashed net loss by half down to 3% in a staggering Corporate Portfolio growth and to a less
than 0.75% in a three folds Retail growing portfolio
• Implemented new core banking system for the credit function and effected a change in
philosophy. Initiated credit rating for ADCB with international credit Rating Agencies
• Provided training, as a full course lecturer with own developed training program to the credit
team of over 80 relationship managers in the bank (Corporate & Retail )and over 28 credit
review and appraisal managers
• Prepared and Implemented Strategy for corporate and Retail Credits(balance score card)
• Reduced turn-around time from historical 15-20 days down to approval within 48 hours for
Corporate and SMEs
Manager - Group Credit/ Manager International
Emirates Bank International (EBI)/Emirates Islamic Bank, Dubai/Abu
Dhabi/Pakistan/London/Hong Kong, Jan, 1992 - Jan,
2001
During this tenure I was appointed as Head of Recovery Bad and Doubtful Debt Dept(1998—1999)
to help resolve complicated and distressed loan portfolio of about AED 6 billion.
• Managed Group credit, UAE, London / Pakistan / Hong Kong, Market and Operational Risks
including the initial credit transactions of Emirates Islamic Bank
• Reviewed and Approved corporate credits with delegated lending authority dh 5 millions
• Effectively contributed as Member in the Credit, ALCO, Investment Committees
• Prepared and implemented Strategy for the Credit Group(Balanced score Card)
• Presented credit proposals to Board Meetings for credits that exceed delegated authority
• Assisted in the Merger Processes with NBD(new bank: Emirates NBD) providing Training to
Branch Managers and Divisional Corporate Credit Heads

4. Country Corporate Credit Head-Pakistan
Emirates Bank International (EBI), Karachi/Lahore-Pakistan Apr, 1994 - Mar,
1998
EBI had 18 branches in Pakistan chaotically managed by local staff and controlled remotely out of
Dubai. I was nominated by the BOD (Dubai) to manage the Country Credit to be based in Pakistan
and to streamline processes and policies with approving credit authority. It took me one year to
make it stable and one year to show many fold profits preparing the way for subsequent sale of the
network.
• I Managed the country Corporate and Retail portfolio(18 branches Corporate, Retail, SMEs,
Exports, Agribusiness) dealing with highly complex structure of corporate deals, and difficult
market attitude vis-a-vis counterparties and State Bank of Pakistan
• Assisted the Country Manager (CEO--Pakistan) with major strategic decisions
• Reporting monthly to the Board of Directors in Dubai
• Provided Training to 18 Managers and over 150 corporate relationship Managers
Major Achievements:
• Streamlined the credit processes across 18 branches and corporate centers vis-a-vis head
Office in Dubai
• Improved dramatically the quality of credit submissions through extensive training courses and
concentrated coaching and mentoring
• Assisted in the negotiation and preparation of the documentation for selling the bank network in
Pakistan to a third party
Head of Retail Bank-Credit cycle Manager and Head of Country Corporate
Citibank N.A, Abu Dhabi/Dubai/ Sultanate of Oman Sep, 1984 – Jan,
1992
-Head of the Retail and Corporate in Oman and Member of the Credit Committee in (UAE)
-Senior Corporate Relationship Manager (UAE) managed large corporate relationships Credit
portfolio management. Corporate and Retail (Dubai, Abu Dhabi).
-Planned and coordinated marketing of products and services to client portfolios with the objective
to maximize revenues/returns.
-Developed new relationships to achieve profit targets.
-Planned and monitored high priority prospects, structure calling programs whilst keeping abreast of
industry and economic indicators as well as peer banks to identify potential risk deterioration or
sharing opportunities.
-Ensure perfect security documentation, and periodically inspect portfolio security conditions
-Guide, coach junior team members on ongoing basis to ensure rectification of any problem -
Major Achievement:
• Maximized profitability by increasing exposures to existing customers and directing the team to
plan and focus on high priority prospects whilst maintaining risks at acceptable level
• Implemented structured calling program to give effect to the plans developed for each prospect
customer
• Monitored customer account activity and early warning indicators in order to identify potential
risk deterioration

5. • Liaised with Credit on provisioning requirements to maintain high quality portfolio and timely
service to clients
• Ensured that all documentation for a credit proposal is complete and worked with the credit
admin to ensure that there is no security shortfall
• Inspected security on an ongoing basis
• Ensured adherence to guidelines and rectification of discrepancies pointed out by the internal
and external auditors
Credit Cycle Manager Retail Business (2 years-Sultanate of Oman)--In charge of the full Retail
Credit Cycle consisting of 6 full fledge departments and over 230 staff: (Product Planning, Credit
Initiation, Account Maintenance, Collections/write off, MIS and Risk Management).
• Prepared, Approved/recommended Consumer Credit Product Programs C2P2 for retail
business and periodic updates.
• Prepared Credit Plans, Budgets and Strategy for each Retail Product (Auto Loans, Personal
Loans, Credit Cards)
• Managed the full Retail Business as a profit centre for the country
Local Corporate Relationship Manager / Financial Institutions--Citibank N.A, Riyadh,
Saudi Arabia Feb, 1975 - April,1980
This was my first job after graduation. I joined as an executive trainee and promoted to RVP in 5
years
• Managed a group of manufacturing relationships, processes and higher approval.
• Prepared Financial Institutions Credit Applications
• Prepared budget for individual relationship and profitability
• Monitored account changes/deterioration and recommended courses of action and ways out.
Maximized returns from each relationship
• Maintained close contacts with customers via site visits, call reports and market intelligence
• Monitored market changes and reported same and interpreted variables and likely impact on
the relationship
• Prepared marketing plans for individual relationship, and manually prepared profitability /
statistics reports
Education
Master (MSc/MA), Finance/Management--University of Dallas, Texas, United States
Jun, 1981 - May, 1984--GPA - 3.4
Training
- Citibank NA Intensive Credit Training Program- 6 months—Athens –Greece
- Citibank NA Intensive Treasury Training Program-3 months –Athens—Greece

6. - Citibank NA Retail credit- Intensive Training Program 30 days—Singapore
- Over 100 different training seminars on Corporate, finance, Investments and Retail
Languages: Arabic (native), English (Excellent), French (Fair), Russian (Fair)

7. - Citibank NA Retail credit- Intensive Training Program 30 days—Singapore
- Over 100 different training seminars on Corporate, finance, Investments and Retail
Languages: Arabic (native), English (Excellent), French (Fair), Russian (Fair)