Annual Report 2017

Your Partner for Growth

Profile: Board of Supervisors

Ronald Stride

Independent Director, Chair of the Board of Supervisors, Chair of the Strategy and Planning Committee, Member of the Remuneration Committee, the Nominating Committee, and the Risk Committee

Mr Stride spent most of his career with Booz Allen & Hamilton, the management consulting firm, where he was a senior vice-president and managing partner for Asia. He also served on the firm’s Board of Directors in the USA. Mr Stride has been a member of AIB’s Board since November 2009. He is currently a member of several business boards as well as chairing a large Singapore-based charity – Food from the Heart. He was formerly president of the American Association of Singapore, a position he held for five years. Mr Stride received his BA from Providence College in the USA.

Hamidullah A. Mohib

Shareholder-appointed Member of the Board of Supervisors, Member of the Remuneration Committee, the Nominating Committee, the Risk Committee, and the Audit Committee

Mr Mohib has been a member of the board since 2005. He is an executive director at Mohib Holdings, responsible for strategic planning and treasury operations for the group’s various activities in Central Asia and the Middle East. Mr Mohib was educated at King’s University College at the University of Western Ontario.

Hugo Minderhoud

Independent Director, Member of the Audit Committee

Mr Minderhoud joined the board in December 2017. He is based in Tashkent, Uzbekistan where he is senior advisor to Ipak Yuli Bank Uzbekistan. He has worked in various capacities in Central Asia and the former Soviet Union since 1994, at first with ABN AMRO Bank, Netherlands; and since 2006 as independent financial advisor and board member of various banks and companies in the region.
He holds a law degree from Leiden University in The Netherlands.

Veronica John

Independent Director, Chair of the Remuneration Committee and the Nominating Committee, Member of the Strategy and Planning Committee

Ms John had been a member of the AIB Board since 2004. She resigned in 2017 due to ill-health, and sadly died early in 2018. She had more than 30 years’ experience in international finance, especially in emerging markets in Asia and the CIS, specialising in private equity funds, diversified fund of funds management, and investment banking. She was a senior managing director at Diamond Dragon Advisors, a private equity general partner advisory and fund placement business. She was also chief executive of IDFC Capital, an emerging markets private equity fund of funds business, and was a member of the Asian Development Bank team that founded AIB. Ms John graduated with a BA from Elmira College and an MBA from George Washington University.

Samuel Sidiqi

Independent Director, Member of the Remuneration Committee, Nominating Committee, and the Strategy and Planning Committee

Mr Sidiqi joined the Board in 2017. He is currently the Chief Executive Officer of NREC, a Middle East-focused real estate developer listed on the Kuwait Stock Exchange. He previously worked with Agility Logistics in Europe, America, Asia, and the Middle East, and began his career at Bain & Company where he advised Fortune 500 clients on strategy. Mr Sidiqi has an MBA from the Wharton School and an MA from the Lauder Institute, both of the University of Pennsylvania. He has bachelor’s degrees in economics and political science from MIT and was a Fulbright Fellow.

Aditya Srivastava

Independent Director, Chair of the Risk Committee, and Member of the Strategy and Planning Committee

Mr Srivastava has been a Board member since August 2012. He is chief commercial officer of Wasl Asset Management Group, a Government of Dubai-owned corporation with interests in property, hospitality, and leisure. Before joining Wasl in 2008, he had a 20-year career in banking, the last 10 years with Société Générale where he was GCC head of project finance and corporate relationships. Mr Srivastava holds a master’s degree in economics from the Delhi School of Economics and is a member of the Institute of Chartered Accountants in England and Wales.

Lutfullah Rahmat

Shareholder-appointed Member of the Board of Supervisors, Member of the Strategy and Planning Committee, the Nominating Committee, and the Risk Committee

Mr Rahmat is past-chairman of AIB and has been a member of the Board since the Bank’s inception in 2004. He is also managing director of the Rahmat Group, the Karachi-based company that has Star Textile Mills Ltd as its principal member; president of Rahmat Fruit Processing Corporation; and a partner in the sole agents for Samsung Electronics and Appliances in Afghanistan. He graduated with a BCom from Bombay University.