Ramesh Pillai – Chairman, Board of Governors, Institute of Enterprise Risk Practitioners
Ramesh Pillai is the Chairman of the Board of Governors of the International Institute of Enterprise Risk Practitioners (IERP) as well as the Group Managing Director of Friday Concepts, an International ERM, BCM, Governance, Risk Management and Compliance boutique consultancy. He is currently a Director of a leading Financial Institution where he chairs the Board Risk Management Committee and the Audit and Examination Committee as well as being a member of the Investment Committee and Remuneration Committee. He is also a nominee Director for a Regional Central Bank. Additionally, Ramesh is the former Risk Management Adviser to the Public Trustee and one of the largest fund managers in the Region as well as to one of the largest Islamic fund managers in the Region. Ramesh holds a Bachelor of Economics with Accountancy (Honours) degree from Loughborough University in the UK. As part of his degree course, Ramesh specialised in Economics and Banking in general and Islamic Banking in particular.
A Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) as well as the Malaysian Institute of Accountants (MIA), a Certified Risk Professional (CRP), a certified Enterprise Risk Manager (ERM), and a certified Islamic Enterprise Risk Manager (ERMi), Ramesh was also a Regional Director for the Global Association of Risk Professionals (GARP) and was instrumental in the creation of the Malaysian chapter of the Professional Risk Managers International Association (PRMIA). He is an Islamic and Conventional Risk Management resource for the Qatar Investment Authority and is listed in their Q-Finance Directory. Ramesh is currently the Risk Management mentor on the ICEAW’s Regional F-TEN program and is a member of the Advisory Board and also on the Panel of Experts of the GlobalRisk Community. Ramesh has also been named a Paul Harris Fellow of the Rotary Foundation of Rotary International in appreciation of tangible and significant assistance given for the furtherance of better understanding and friendly relations among peoples of the world.
With over 30 years of Risk Management experience he is also a recognised Global pioneer in Enterprise Risk Management and in the implementation of ISO 31000 and ISO 31004 practices. Ramesh started his career with Price Waterhouse’s Financial Institutions specialism in London gaining experience in Audit, Consultancy and Corporate Finance assignments. He went on to become the Director of Finance and Administration at an American Subsidiary of GEC PLC in London followed by the Chief Financial Officer of a Rank Organisation PLC subsidiary in London before joining PowerGen International (a FTSE 100 (London) listed company in the power and energy industry) as the Acting Regional Financial Controller cum Senior Regional Financial Analyst as well as the Indonesian Financial Controller as well as Deputy Country Head.
Upon leaving PowerGen, he headed the Portfolio Management and Credit Administration functions in Citibank before accepting a position in a National Asset Management Company as the General Manager of the Risk Management Division. There, Ramesh was responsible for establishing the Enterprise Risk Management function and Risk Management Policy as well as formulating and documenting the various procedures and policies relating to the Operations of the National Asset Management Company. During his tenure there, Ramesh spent a year on secondment to the Central Bank where he was involved in heading a national interest project working closely with the Central Bank’s staff in general and the Bank Regulations, Bank Supervision and Islamic Banking teams in particular. He was also involved in presentations to the National Syariah Advisory Council in an advisory capacity.
Following his assignment at the Central Bank, Ramesh moved back into the Banking sector where he was the Chief Risk Officer for regional Conventional and International Islamic Banks. His responsibilities included guiding and coordinating the group’s Operational and Enterprise Risk Management initiatives. Ramesh has published articles in international publications, presented various papers on Risk Management in general and Enterprise Risk Management in particular, Corporate Governance and Bank restructuring issues at National, Regional and International forums and is currently writing a book on Enterprise Risk Management. .
Chong Sui Wei
Chong Sui Wei is a charter member and a Governor of the international Institute of Enterprise Risk Practitioners (IERP®). Sui Wei is also the Executive Director for Friday Concepts (Asia) as well as the Managing Director of Wealth Concepts Consultancy, a sister company to Friday Concepts. She holds the distinction of being amongst the pioneer batch of financial planners granted the Capital Markets Services Licence by the Securities Commission of Malaysia in 2004.
Sui Wei holds a Bachelor of Business Organisation with Finance degree from Heriot Watt University in the UK and is a Certified Financial Planner as well as a qualified Islamic Financial Planner. In addition, she is a Certified Professional Risk Manager and is a founding member of the Ampang Chapter of Business Network International (BNI). Sui Wei has also been a member of the National Association of Women Entrepreneurs in Malaysia (NAWEM) since 2002 and, in 2005, was shortlisted for the Malaysian Woman Entrepreneur of the Year Award.
Sui Wei started her career with MBf Group's Financial Institutions Division specialising in Enterprise Funding and gaining experience in Credit Appraisal and Management, Loan and Financial Restructuring and Management, Loan Recovery, and Financial and Cash Flow Management. Whilst there, she was involved in advising and helping companies to restructure their financial affairs through assessments of cash flows and financial statements, business environments and industry situations, analysing loan structures and compositions, analysing loan repayments, as well as their credit and collection policies.
Sui Wei was also involved in educating various corporations on credit management techniques which included setting up and implementing credit screening and credit control procedures, analysing and interpreting credit information, credit referencing, credit and collection records, credit evaluation, etc. She assisted her clients in the sourcing and negotiating of more effective financing options and packages.
Following that, Sui Wei began specialising in the Financial Planning Industry with extensive experience in Risk Assessment and Financial Advisory work. The scope of her work here included utilising her extensive experience in advising her clients on the evaluation of the various financial products available. Sui Wei is involved in controlling and co-ordinating the delivery of ERM, Islamic Financial Planning and Islamic Finance (including Re-structuring) consulting and training to her clients Internationally.
Daud Vicary Abdullah
Daud Vicary Abdullah is the President and Chief Executive Officer of INCEIF, the Global University of Islamic Finance. He was the Managing Director of DVA Consulting Sdn. Bhd., an Islamic Finance Consultancy that he established in 2008. Under this umbrella, he outsourced two-thirds of his time as Global Leader for Islamic Finance at a major Professional Services firm. Daud, is based in Kuala Lumpur, and provides oversight and guidance to clients in all aspects of their Islamic Finance Strategy and Operations. Daud has been in the finance and consulting industry for more than 38 years, with significant experience in Asia, Europe, Latin America and the Middle East. He has experience in all aspects of Banking Operations, in particular, operational processes and internal audit. Since 2002 he has focused exclusively on Islamic Finance..
Daud was the first Managing Director of a Malaysian banking group’s Islamic Subsidiary, and following that, he became the Chief Operating Officer and Acting CEO at a GCC owned Islamic Banking operation in Malaysia. Daud is a distinguished fellow of the Islamic Banking and Finance Institute of Malaysia (IBFIM); he is also a Chartered Islamic Finance Professional (CIFP) and Vice President of the Association of Chartered Islamic Professionals (ACIFP). He is a former Board member (2003 – 2007) of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), and is a current member of the Board of Governors of the International Academy of Financial Management (IAFM).
Daud holds an Economic and Social History Honours degree from the University of Bristol, England. He is a frequent speaker and commentator on matters relating to Islamic Finance and has been a contributor to a number of books on the subject. He is the author of “Islamic Finance: Why it makes sense” which was published in January 2010.
Abi Sofian Abdul Hamid
Abi Sofian bin Abdul Hamid is a member of the Board of Governors as well as the Head of the BCM faculty at the International Institute of Enterprise Risk Practitioners (IERP). Abi is also a Director of Consulting Services at Friday Concepts. He was previously the Group Managing Director of a Public Listed Company. A member of The Institution of Engineers Malaysia, a Member at Eastern Dredging Association, a Member at American Concrete Institute Malaysia Chapter, and a Member at Harvard Business School Alumni Club of Malaysia. Mr Abi Sofian holds a Bachelor In Engineering (Civil) from University of New South Wales Australia and a Bachelor in Jurisprudence (External) University of Malaya.
He began his career with a construction company in Sydney Australia and joined a consulting firm reviving an abandoned development project in Selangor in late eighties. He was then offered to spearhead the project management team of the developer before moving to marine engineering with an Australian based consulting Group. Upon completion of the project he joined Kelang Container Terminal Bhd in 1993 which later became Northport (Malaysia) Bhd and moved through the rank up to lead the company as CEO in 2012.
During his initial years with Kelang Container Terminal Bhd (KCT), he was instrumental in the setting up the Health Safety and Environment (HSE) implementation mechanism under the newly established OSHA:1994. The Facilities Department which was under his portfolio was the first to establish the HSE Committee in KCT. This was later used as the model for the full implementation of Company wide HSE Policy and Framework. Consequently this led to the development of the Emergency Response Policy (ERP) and the Business Continuity Management (BCM) Framework and Mechanism which was critical for the port which operates 24 hours, 7 days a week, 365 days a year. There were a few occasions when he was involved in the activation of the ERP and BCM due to incidences in port operations. This included instances when the a cargo onboard a container vessel exploded where by some part of terminal areas had to be closed, as well as when the Terminal Operating System(TOS) in the port failed during an upgrading exercise. With the BCM in place the impact of the system’s failure was minimised significantly.
As CEO he embarked on a company wide human development program called Change Begins with Me (CBM) which was aimed at embedding excellent work culture for the company aligning with its Vision and Mission. He was also responsible in incorporating risk management practices into the performance management for the staff to improve productivity and efficiency while managing costs. In 2014 he was entrusted to lead the Group as the Group Managing Director until February 2016. During his tenure he was involved in several key milestones for the Group including business turnaround, merger and transformation. He also led the NCB Group to sign the Corporate Integrity Pledge (CIP) with Suruhanjaya Pencegah Rasuah Malaysia (SPRM) as part of Governance, Risk Management and Compliance initiatives.