Archives: News
London, UK – June 25th, 2024 – iibanks is thrilled to announce that Mr. Sohail Sultan, CEO of iibanks, has been Awarded CEO of the Year in the Finance Industry by European CEO. This prestigious recognition underscores Mr. Sultan’s exemplary leadership, vast experience, and significant contributions to the financial sector.
The judging panel at European CEO was particularly impressed with Mr. Sultan’s extensive and distinguished career in the financial services industry. Sohail has 30 years of experience in financial services, acquired at leading multinational financial institutions.
“I have also been asked to pass on to you that in doing their due diligence and making their final decision, the judging panel were immensely impressed with Mr. Sohail Sultan in multiple ways,” the European CEO panel stated.
“Firstly, with Mr. Sohail Sultan’s immense and impressive high-level experience within the financial services sector, including starting his career at Citibank here in London, and subsequently reaching the position of not only the Head of Global Product Development for Financial Institutions but also the Head of Structured Finance for the Asia Pacific.”
Beginning his career at Citibank in London, Mr. Sultan quickly rose through the ranks to become the Head of Global Product Development for Financial Institutions, Head of Structured Finance for the Asia Pacific, and Head of Cross Border European Structured Product Arbitrage within six years. His roles included managing processes and risks, driving revenue, innovating products, and executing deals across Europe, the Americas, Africa, and the Far East.
Subsequently, Mr. Sultan worked at Barclays Capital in London for nine years, holding senior positions, including Managing Director. During his tenure, he was responsible for expanding the company’s Structured Capital Markets business beyond the UK into North America, Europe, and Asia Pacific.
Following his time at Barclays, he provided advisory services for private equity infrastructure projects in South Asia, the Middle East, and the UK at Cobussen and Partners, developing a portfolio of structured investments with private and institutional investors.
“The judging panel were also delighted to know that Mr. Sultan, in his 30 years of experience, has held senior positions at Barclays Capital, including Managing Director, along with working at Cobussen and Partners, where he provided expert advisory services,” the statement continued.
The panel highlighted Mr. Sultan’s continued demonstration of leadership, his achievements, and his ambition for iibanks’s expansion as crucial factors in their decision. “From the judging panel’s point of view, the leadership Mr. Sohail Sultan continues to demonstrate combined with his experience, achievements, and ambition for the group when it comes to expansion were important factors that the other shortlisted candidates could not compete with.”
This recognition by European CEO is a testament to Mr. Sultan’s dedication and the innovative spirit he brings to iibankss. His leadership has been pivotal in driving the company’s growth and success in an increasingly competitive financial landscape.
At iib, we believe in taking tangible steps towards a sustainable future, and what better occasion to do so than Earth Day!
In line with the theme for 2024: “Planet vs Plastics,” iib set out to do something unique, inclusive and actionable. On the 28th of April, in partnership with the team at Sounah Al Haya, iib organised an activity that truly represented the values and ideals we hope to foster in society. From refugee students to special needs children, the iib team led dozens of children on a neighbourhood clean-up drive around their schools. To witness children from all walks of life, work cheerfully and collectively to pick up over 30 bags of garbage and litter off their streets was especially heartwarming and inspiring for everyone involved.
This initiative marks yet another step forward in our sustainability goals at iib. Sustainability isn’t just a buzzword for us; it’s central to our promise and ethos. We firmly believe that by investing in initiatives like these, and empowering organisations like Sounah Al Haya, whose inclusionary approach reflects our own, we can create a brighter and more sustainable future for generations to come.
To all the students who participated, and to our partners at Sounah Al Haya, we’re so proud of what you accomplished and we celebrate you for playing your part in keeping our community clean and green. Your passion and dedication inspire us to keep pushing the boundaries of what’s possible. Together, let’s continue to make a positive impact on our planet.
In partnership with Sounah-Alhaya, iib Djibouti embarked on a heartfelt endeavour to extend compassion and support to our community during the holy month of Ramadan. Recognising the challenges faced by many families during this time of celebration, our collaborative efforts were dedicated to easing their burdens and spreading joy throughout our community.
Our initiatives were xecuted with the utmost care and consideration for those in need. Central to our endeavours was the distribution of food bags, meticulously curated to provide essential sustenance to families experiencing hardship. These food bags were thoughtfully designed to encompass a variety of nutritious items, ensuring that recipients could focus on other activities as the basic need of food was provisioned for.
Our outreach efforts extended beyond mere material assistance. We sought to cultivate a sense of warmth and togetherness within our community, fostering an environment where individuals felt supported and valued. Through acts of kindness and solidarity, we aimed to uplift spirits and instil a sense of hope and optimism among those facing adversity.
At iib Djibouti, we firmly believe in the transformative power of collective action and the profound impact it can have on the lives of individuals and families in need. By uniting with our partners and stakeholders, we reaffirm our commitment to serving as a beacon of compassion and support within our community, particularly during moments of celebration and reflection such as Eid-ul-Adha.
As we reflect on the success of our initiatives and the countless lives touched by our efforts, we are inspired to continue our mission of making a positive difference in the world around us.
The iib East Africa-Djibouti branch held on 16/02/2024, its annual strategic session at the Best Western Premier Djibouti Hotel to take stock of the achievements and progress achieved in 2023 and present the challenges and goals for 2024 Key stakeholders, executives and operational teams came together to reflect on past achievements, strategize for the future and foster team building in a friendly and inspiring atmosphere.
In his opening speech, Director General M. Maruf Ahmed gave a panoramic presentation of our bank’s past performance, highlighting milestones, successes and lessons learned. Through deep analysis and reflection, we celebrated our achievements and identified areas for growth and improvement.
Participants gained invaluable insights into emerging technologies, market trends, regulatory changes, and customer expectations, enabling them to chart a course for sustainable success.
In addition to stimulating discussions, the event featured interactive team-building activities designed to enhance collaboration, communication, and cohesion, to cultivate trust, improve problem-solving skills, and foster a culture of innovation and resilience.
#iib #iibanks #internationalinvestmentbank #iibeastafrica
iibanks took center stage at the Djibouti International Fair, Red Sea Exhibition, from December 3rd to 10th, presenting two captivating attractions that defined its participation at the event.
The main attraction of the event was the live Millionaires Draw, a riveting affair hosted by Djibouti’s own celebrated influencer, Omyreen. Attendees witnessed the excitement unfold as winners were announced, adding an element of thrill to the trade event.
In addition to this, iibanks showcased technological innovation with a thrilling VR experience featuring the #iib Millionaire’s Safe. Attendees were immersed in a virtual journey provided by iibanks at their stall. This dynamic presentation emphasized iibanks’ commitment to pushing the boundaries of traditional banking.
The event drew the attention of esteemed guests, including the Ministry of Education and the President of the Chamber of Commerce, who visited the #iib stall, acknowledging the bank’s active participation and innovative offerings at the exhibition.
Working with Sounah-Alhaya and other charitable organisations, iib Djibouti reached out to the community to help ease the burden off Eid-ul-Adha. Activities were centred around the distribution of food bags to needy families to help with the sentiment of feasting after fasting. Children clothing was also distributed and a party was held for the children to celebrate the occasion. iib also made a donation to special need school for children.
The International Investment Bank (Djibouti) S.A. announced a customer donation matching commitment to support the COVID-19 government support fund. iib customers donated DJF 10 million which was equally matched by the Bank.
On 16 June 2020, iib Djibouti represented by Mr Raj Dussoye, Chief Executive Officer of iib (Djibouti) donated the total amount of DJF 20 million to the COVID-19 fund in the presence of officers from the Ministry of the Budget (Ministère du Budget, Djibouti). The donation was broadcasted on the national television, Radio Television of Djibouti (RTD). The donation is in support of the government’s effort in fighting COVID-19.
