AGD Bank’s Board of Directors is comprised of its Chairman, Chief Executive Officer & Managing Director, Deputy Managing Director, as well as seven other Directors.
The Board members have a wide range of skills, diversity and experience with varied backgrounds and relevant areas of competence.
AGD Bank's Executive Management Team has diverse and proven leadership experience with large international financial institutions and firms with experience in several geographies.
The Executive Management Team's responsibilities are to lead and execute AGD Bank's strategic business plans while upholding the bank's core values and enhancing the brand reputation.
Organizational Structure
Committee
Assets-Liability Committee (ALCO)
The primary objective of the Asset Liability Committee is to manage the balance sheet of the bank in a way that minimizes the institution's exposure to risk while maximizing its returns. ALCO is responsible for monitoring and evaluating the various assets and liabilities of the institution, assessing its risk profile, and making strategic decisions to achieve financial stability and growth.
PDF Download- Chief Executive Officer/ Managing Director
- Deputy Managing Director
- Head of Risk Management
- Head of Corporate Banking
- Head of Treasury
- Deputy Financial Controller
- Head of Credit
- Head of Audit
- Head of MD's Office (Secretary to the Committee)
Audit, Risk and Compliance Committee (ARCC)
The Board of Directors of AGD Bank are responsible for instituting appropriate Risk Management Policies and Frameworks at AGD Bank. The Board is responsible for not only determining the risks that AGD Bank is willing and able to take to achieve its strategic objectives but also ensuring that all the risks are properly identified, evaluated, managed, and comprehensively addressed.
The Bank's Audit Risk and Compliance Committee (ARCC) is instituted at the behest of the Board of Directors with
documenting appropriate Risk Policies for the Bank, putting in place Controls and Governance Structures to oversee their implementation.
- Chairman (Chairperson)
- Chief Executive Officer/ Managing Director (Co-Chair)
- Deputy Managing Director (Co-Chair)
- Head of Compliance
- Head of Corporate Banking
- Head of Treasury
- Head of Retail Banking
- Chief Technology Officer (1)
- Chief Technology Officer (2)
- Head of Credit
- Deputy Financial Controller
- Head of Human Resources
- Head of Administration
- Head of Internal Audit
- Head of Risk Management
- Head of Business Intelligence & Organizational Performance
- Head of MD Office
- Deputy Head of Retail (Operation)
Audit Committee (AC)
The bank's audit committee plays a crucial oversight role by ensuring the integrity of financial reporting, reviewing internal controls, and assessing the effectiveness of risk management practices. This committee enhances transparency and accountability within the bank, helping to maintain the trust of shareholders and stakeholders. With a focus on regulatory compliance and sound governance, the audit committee ensures the bank's operations adhere to the highest standards of financial stewardship.
- Independent Non-Executive Director
- Deputy Executive Director
- External Audit
- External Audit
- Audit Committee's Secretary
Credit Committee (CC)
The committee is formed with an objective to provide direction and effectively manage Loans and Non-Performing Assets (NPA) of the bank. NPAs are at dangerous levels and need to be expeditiously reduced to affordable levels. The committee will mobilise all resources at its disposal to initiate focused efforts to reduce NPAs to less than 20% of the capital in 12 months (from the date of formation of the committee). Further, the committee will prescribe and establish strong procedures to keep the NPAs controlled at reasonable levels.
- Chairman
- Chief Executive Officer/ Managing Director (Co-Chair)
- Deputy Managing Director (Co-Chair)
- Head of Credit
- Head of Corporate Banking
- Deputy Financial Controller
- Head of MD's Office (Secretary to the Committee)
Product Approval Committee (PAC)
The Bank's Product Approval Committee (PAC) is instituted to put in place a Control and Governance Structure to oversee the roll out of New Products and Services and also Periodically Review all Existing Products and Services offered to the customers of AGD Bank.
- Chief Executive Officer/ Managing Director (Chairperson)
- Deputy Managing Director (Co-Chair)
- Head of Corporate Banking
- Head of Retail Banking
- Head of Treasury
- Deputy Head of Financial Controller
- Head of Risk Management
- Deputy Chief Technology Officer (1)
- Deputy Chief Technology Officer (2)
- Head of Internal Audit
- Head of Marketing
- Head of Business Intelligence & Organizational Performance
- Head of MD's Office (Secretary to the Committee)
Projects Investment Committee (PIC)
Investments are expenditures that have a longer term impact in terms of both the benefits accruing and Profit and Loss impact on the bank. The Committee will be the approving authority for all Investments of the Bank and operate with the following objectives:
- To consider the cost and benefits of the investments, deliberate pros, and cons of the proposal, discuss longer-term implications and provide approval.
- Assess competing priorities and guide on prioritization of Investments.
- To ensure alignment of proposed Investments to the strategic direction of the bank.
- Chairman (Co-Chair)
- Chief Executive Officer/ Managing Director (Co-Chair)
- Deputy Managing Director (Chairperson)
- Head of Treasury
- Deputy Financial Controller
- Head of Audit
- Head of MD's Office