Country & Regional Focus
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Doing More with Less: Treasury Priorities in the Middle East

Doing More with Less: Treasury Priorities in the Middle East 

The following is an edited transcript of the first part of a roundtable held in Dubai in April 2016, kindly hosted by D+H and chaired by Jags KothandaPani, Citi. In this first part, the panel focuses on the changing role, priorities and challenges of treasurers in the Middle East. The second part, to be published in the next edition of TMI (edition 245) explores the role of technology in facilitating treasury objectives in more detail. Edited by Helen Sanders.


  • Adam Boukadida, Deputy Group Treasurer, Etihad Airways
  • James Adams, Group Treasurer, Chalhoub Group
  • Haytham Maayergi, Head of Transaction Banking, ADIB
  • Rahul Jayakar, Head Global Transaction Services – Products & Trade, Mashreq Bank
  • Sherie Morais, Head of Cash Management Sales and Advisory, National Bank of Abu Dhabi
  • Jagadeshwaran KothandaPani (‘Jags’), Head of Cash Management, Middle East, North Africa and Turkey, Treasury and Trade Solutions, Citi (chair)

Jags KothandaPaniJags KothandaPani, Citi

Corporate treasury in the Middle East has never been more challenging and engaging, with real-time visibility of global cash balances, solutions around trapped cash in certain countries, the need to ‘do more with less’, and the pressures created by M&A amongst the most pressing topics. Treasurers are also expanding their role in many organisations, which is creating new challenges as well as opportunities. There are also broader themes that have an impact on treasury, such as the emergence of fintech and the changing regulatory environment.