Iain Davidson, CFA

Experience

• 

  BDO South Africa

  Jan 2002 - Dec 2004

  • Audit Manager

    Jan 2003 - Dec 2004

  • Audit Senior

    Jan 2002 - Dec 2002
• 

  FirstRand group

  Jan 2005 - Dec 2007

  Financial Analyst - Strategic Projects Review Committee

  Corporate and Commercial Banking - Financial AnalystSupported the Asset-Backed Financing and Commercial Banking business with detailed financial analysis and recommendations for investment / divestment decisions, for projects including: - The expansion of infrastructure to support the growth ambitions of the retail branch network - Valuations of corporate asset portfolios ahead of various divestiture decisions - Technology investments, specifically involving VOIP and Speech-Text applications, aligned to the bank's customer acquisition & retention strategies - Impact assessments of various partnership arrangements, incorporating estimates of financial synergies, cross sell enhancements, market share capture, and cost rationalizations Show less

• 

  Deutsche Bank

  Jan 2008 - Jun 2018

  Deputy Head of Finance - Transaction BankingGroup Treasury - Core Asset and Liability ManagementIn my role as Deputy Head of Finance, I successfully: - Developed the suite of performance reports, KPIs, and commentaries upon-which the Executive Committee relied to steer the business and reach decisions over strategic initiatives - Provided insight to the Executive Committee over performance drivers, balance sheet / resource consumption, regulatory restrictions / constraints, and areas of optimization - Led a team of seasoned financial analysts, who collectively provided the platform for us to deliver on these objectives, enhancing value creation for the business.In my role within Core Asset and Liability Management (Treasury), I successfully: - Restructured material balance sheet collateral positions from the bank's regulated entities, via off-balance sheet pledges of securities portfolios, thereby improving the bank's leverage levels (~USD10bn) and saving commensurate FDIC insurance spend (~USD10mn annually) - Managed the introduction of swap portfolios in the entity, bringing the interest rate risk profile of the entity within acceptable IR01 limits, while enhancing & stabilizing revenue streams - Advised the business lines and central treasury functions on capital allocation methodologies, incorporating marginal return analysis, RWA & CET1 consumption, duration, and business growth ambitions and restrictions - Developed methodologies supporting liquidity stress tests across the legal entity framework, incorporating 2052a guidelines and restrictions imposed by FRB Regulations YY and W on operational deposit classifications, asset monetization capabilities and behavioral assumptions Show less Head of Financial Analytics - Global FX and CommoditiesLed a team of onshore financial analysts, focusing on the successful implementation of strategic projects supporting the Transaction Banking and Foreign Exchange & Commodities business units. Projects included: - Business performance reviews incorporating stressed macro-economic variables - Cross-sell capability analysis across the Transaction Banking/FX franchise, and profit-sharing development - Trader performance benchmarking & performance analysis (Global Foreign Exchange) - Value-based performance metric development (KPIs) & analysis - Balance Sheet efficiency reviews (including RWA and leverage optimization) - Credit and market risk exposure review, optimization and steering - Global reporting re-structuring to align to changes in business hierarchies Show less Global Markets FinanceSupported the Global Markets CFO and Executive Committee by providing accurate and timely management reporting information, enabling efficient decision making. I also managed the implementation of various financial reporting restructures to align to business strategies. Core responsibilities included: - Performance reporting to the Global Markets ExCo - FP&A support to Global Markets central business management - Re-Structuring the Global Markets performance reporting framework - Various cost management projects and initiatives Show less

  • Vice President - Group Treasury

    Apr 2014 - Jun 2018

  • Vice President - FX and Transaction Banking Finance

    Jul 2010 - Apr 2014

  • Assistant Vice President - Global Markets Finance

    Jan 2008 - Jun 2010
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  Scotiabank

  Jun 2018 - now

  Manage FP&A function on behalf of the Capital Markets business lines in the U.S.Our mandate is to develop a robust platform and provide the necessary insight & analysis to enable the business heads to achieve their growth targets and strategic ambitions. This includes the development of a framework to support the business’ ongoing need to optimize resources, including balance sheet & risk limits, capital allocation, and special initiatives. We work closely with C-suite executives on a daily basis to facilitate this, and engage with numerous support functions throughout the bank where necessary to fulfill our mandate. Show less

  • Director

    Jun 2023 - now

  • Finance FP&A - Global Banking & Markets

    Jun 2018 - Jun 2023