Summit Corporation Ltd appoints new CFO
Photo Caption: Imtiaz Ibne Sattar joins Summit Corporation as its CFO.
Imtiaz Ibne Sattar (Imtiaz) has recently been appointed as the Chief Financial Officer (CFO) of Summit Corporation Ltd, which is the wholly owned subsidiary of Singapore incorporated Summit Power International Limited (SPI), the largest independent power producer (IPP) and a leading LNG infrastructure operator in Bangladesh. He will be leading Summit Corporation’s unified finance team in project financing, risk management while liaising with investors, financiers and related regulatory authorities. He reports to the Board of Directors of SCL and SPI’s senior leadership team.
Imtiaz served as the CFO of Standard Chartered Bank, Bangladesh for more than eight years overseeing a USD 4 billion Balance Sheet in a high growth period with strengthened capital position, maintaining 13% Common Equity Tier 1 (CET1) ratio, AAA credit rating and satisfactory audit outcomes. In 2016, he became the Director and COO at Golden Oak Care, an entrepreneurial healthcare business in Canada. His role included corporatization, developing a three-year business plan, setting-up operating models and pitching to both investors and lenders for financing arrangements. Later, Imtiaz joined Scotia Bank where he was the Project team lead to establish a new risk score model that adjudicated over CAD 260 billion plus retail asset portfolio delivering Banking Supervisor (OSFI) regulatory remediation, as part of project delivery. He also served as a tax consultant at an advisory firm in Toronto, before joining Summit Corporation.
Imtiaz attained MBA at the Institute of Business Administration (IBA), University of Dhaka. Later he also completed an Executive Leadership Development course from INSEAD Business School, Singapore. Imtiaz volunteered to teach financial literacy to disadvantaged youth at Jaago Foundation School in Dhaka’s urban slums and participated in a run for Breast Cancer Awareness with the Canadian Banking Institution. Imtiaz is keen on soccer, world history, economic cycles and its evolutions as well as has deep interests in wildlife preservation.
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