Shikkoh Malik

Experience

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  Euroclear Bank S.A

  Aug 2001 - May 2006

  Responsible for FI relationships including appointment (RFP process), due diligence and service reviews. Developed relationships with key FI service providers, stock exchanges/central securities depositories and capital market regulators.Achieved 10% cost reduction through fee negotiation. Handling and managing securities services operations, coordination with exchange/purchase/information agents and working on BCP related projects for the department.

  • Network Manager

    Apr 2004 - May 2006

  • Manager Custody Operations

    Aug 2001 - Apr 2004
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  RBC Investor & Treasury Services (Malaysia)

  May 2006 - Nov 2010

  Head of Operations in the newly established subsidiary with the responsibilities of setting up and running securities services operations teams and overseeing migration of operational activities form other group locations.Entity started with 35 staff and reached 414 strength, towards the end of my tenure.Structured the teams, hired, set-up a training academy and managed daily operations supporting multiple global business centres from across the globe.Delivered 23% operational efficiency vs sending locations, staff efficiency of 20% (FTE reduction), errors & omissions reduced by another 25% and reduction of query turn around time by 30%. Show less As the Head of Network Management department I managed the over all relationship with Financial Institutions (FIs). The department selected, evaluated and maintained relationships with financial institutions and acted as the main link with domestic markets around the world (92 markets)Successfully structured and lead the team responsible for acquiring services that accounted for one of the biggest expense items for the bank. Posses in-depth knowledge of cash clearing, settlement, corporate actions, trade capture, cash processing and income collection.Successfully delivered over double the amount ($15.9m) of savings set as target through network consolidation project (reduced FI relationships from 239 to 110) Show less

  • Head of Smart Sourcing & Operating Models

    Mar 2010 - Nov 2010

  • Head of Securities Services

    Sept 2009 - Oct 2010

  • Head of Network Management

    May 2007 - Aug 2009

  • Senior Network Manager

    May 2006 - Apr 2007
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  Standard Chartered Bank

  Nov 2010 - Jan 2024

  Leading Fiduciary & Fund services business across 22 markets, consolidated fiduciary and fund services products under one business, initiated and lead business transformation by incorporating digitalisation and technological infrastructure enhancement.- Identified, selected and implemented a DLT based innovative solution to transform the back-end landscape for fund management industry. Delivering efficiencies both to the market and asset management industry in a manner that would bring value to own business line, fund managers and fund investors. The solution allows front to back integration, no/low friction environment for fund investors, interoperability with other players, KYC engine, fund accountant and fund cash account.Managed engagement of strategic clients around the innovative solution and am leading the commercialisation drive with them.- Revisited governance guidelines, revamped operational delivery structure, formulated pricing guidelines, conducted a thorough risk review, launched capabilities in 2 new markets, closed a non-strategic branch and developed a roadmap with focus on delivery through innovation.- Achieved 31% growth in revenue over last year with significant further improvement in cost income ratio.- Managed engagement of strategic clients around the innovative solutions and lead the commercialisation drive. Show less Developed full suite of Islamic SS capabilities including Islamic custody and fund administration services both out of the Middle East and Asia. Providing a comprehensive banking solution to Islamic FIs by offering securities services, transaction banking and financial markets solutions has given a real differentiating edge to the bank's offering. Personally managed a Islamic SS & cash pilot deal with a key developmental organisation by fronting it, winning it and getting it successfully implemented. Commercialised the capabilities in collaboration with country teams and developed a healthy pipeline on the back of a thorough commercialisation strategy. Show less Lead the operational & business transformation programme through a client journey that utilizes Agile/New ways of working to revisit organisational structures, technology, processes, procedures, operational flows, product constructs and their delivery with the aim of identifying bottlenecks and then mapping solutions to deliver an even more efficient offering to the clients.This included taking an end to end view purely from a client delivery perspective to ensure gold standard product delivery by utilising operational, technology, client services, product management and other support resources for a product line, supported by 400+ staff.The transformational journey has delivered efficiencies for fund administration in the following areas:1. Enhanced automated control environment within operations (increase of 52%)2. Automation of transactional flows across geographies and processes (increase of 32% on average)3. Enhanced and no touch recons for Fund Administration4. Utilisation of DLT to deliver first of its kind fund transfer agency support5. Incorporation of a partner supported flexible portfolio and funds reporting platform6 Efficiency gain of approx 12% of global operational FTE Show less Managed product roll out of cash, liquidity management, custody, escrow and fund services for investors and intermediaries segment in the MENA region (incl Pakistan). Worked with CMA (UAE), DFSA (DIFC), CBB (Bahrain), CMA (Qatar), CMA (Oman), CMA (KSA), Jordan Securities Commission, SBP & SECP (Pakistan) and infrastructure entities like ADX (Abu Dhabi), DFM (Dubai), Nasdaq Dubai, Qatar Exchange, Bahrain Bourse, Muscat Securities Market, Kuwait Clearing Corporation, Tadawul, SDC (Jordan), MCD (Egypt), NCCPL & CDC (Pakistan)Single point of business contact for securities markets regulators across the regionMember of capital market consultative committee for the UAE (established by the Securities and Commodities Authority)Collaborated with leveraged finance, project finance and structured trade finance teams to support their transactions with the help of cash and securities solutions (incl escrows).Proactively identified opportunities of organic and inorganic growth, developed the business rationale/cases and got investment approvals to bag the opportunities e.g. identified a business opportunity in a frontier market, came over initial resistance from stakeholders and rolled out a business that broke even within 3 months and is one of the most profitable businesses within the segment.Managed the team that rolled out market leading cash solutions like virtual accounts, client account services (specifically for asset/fund managers and brokers) and liquidity management. Show less

  • Global Head Fiduciary & Fund Services

    Feb 2017 - Jan 2024

  • Global Champion - Islamic Financing & Securities Services

    Feb 2017 - Jan 2024

  • Chief Product Owner - AGILE - Global Fund Services Client Journey (Business Transformation)

    Nov 2019 - Mar 2022

  • Executive Director - Global Head of Islamic Transaction Banking

    Mar 2015 - Feb 2017

  • Executive Director - Regional Head of Products Investors & Intermediaries, Transaction Banking MENA

    Nov 2010 - Mar 2015
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  Standard Chartered Trustee Hong Kong Limited

  Jun 2017 - Dec 2023

  Member Board Of Directors

  As the longest serving member of the board of directors, I have overseen the growth of the business, maintained oversight of the running of the legal entity and provided strategic support to the Management Committee based on which the entity has embarked on expansion inorganically.

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  Albilad Capital البلاد المالية

  Jan 2024 - now

  Senior Director - Head of Asset Services

  I manage asset services business, supporting fund managers, portfolio managers, family offices and other government linked entities with their custody, fund administration, PE-RE registration, SPV/SPE set up, cash, reporting and Zakat related services in the Kingdom.