Stanhope Financial Ltd (SHF), a new digital treasury services management provider which recently launched in Dubai and Lithuania, has appointed the seasoned industry expert, Saber Hussain, as its new Chief Risk Officer (CRO), to help boost the management team and better coordinate its ambitious mission to connect SMEs and MMEs in emerging markets with world class global banking services.
Hussain marks the first major appointment for Stanhope Financial Group, the financial services firm, which has received its in-principle approval (IPA) Cat 3A regulatory licensing from the DFSA, Dubai, and EMI Licence from the Bank of Lithuania (BoL) is set to begin trading as of end of Q2’21, with a mission to help companies meet their financial goals during the Covid-19 recovery.
Saber Hussain joins SHF with 24 years’ experience in investment banking, specialising in risk and regulation, capital markets syndication, securitisation structuring, funding, liquidity and collateral optimisation, to name just a few areas. Hussain has previously held senior Risk, Trading and COO roles at Merrill Lynch, HSBC, RBS and latterly as Global Head of Structured Credit Risk and Global COO for XVA Trading at Barclays Investment Bank in London.
He is also a founder and Managing Partner of the London-based ‘Traded Risk Advisory’ – a boutique advisory providing Markets, Risk, Strategy, Funding and Regulatory services to banks, asset management firms and emergent FinTechs globally.
Additionally, Saber currently serves as an advisor to the Board and Executive Risk Committee at a global Bank. He also sits on the Board of a London based financial technology firm and is a Non-Executive Director of a London and Hong Kong based Investment Fund. In these key roles, he is responsible for risk assessment, collateral and funding strategy and pricing execution. He also serves in an advisory capacity for Governance and Regulatory banking matters.
Khalid Talukder, Managing Director, Stanhope Financial Ltd, told Business Matters, “Saber’s impressive experience makes him a perfect asset to the SHF team, where we are committed to reconnecting small and mid-market enterprises with the products offered by Tier 1 financial institutions – an extremely valuable service, particularly when in the midst of a global pandemic.
Saber Hussain, CRO, Stanhope Financial Ltd, added, “Stanhope Financial is committed to an applaudable and impressive effort to helping companies in middle-eastern markets become self-sustainable, boosting local economies and helping these markets bounce back from the looming recession bought on by the Covid-19 pandemic.
“Many of these businesses will struggle to gain access to high quality banking services if not for SHF, and I am thrilled to join the team as CRO, where I can help manage and advise on risk and asset management products, amongst other services.”