India Factoring

Board of Directors

Mr. Adrian Alejandro Gostuski – Chairman of IFFS Board

Adrian Alejandro Gostuski is a French National. He obtained his CPA from the University of Buenos Aires, Argentina, and his MBA from Escuela Superior de Economía y Administración de Empresas, Argentina.

He started his career at PWC before joining Citibank, where he occupied various positions in Buenos Aires, New York and Singapore, being the latest in Mexico City, as Managing Director and Chief Financial Officer for Corporate Bank, Latin America. He joined Barclays Bank in London in 2008 as Chief Financial Officer - Operations and Technology, Global Retail Bank. Mr Gostuski joined Burgan Bank in 2011 where he occupied the position of Group Chief Financial Planning & Strategic Business Development Officer, and is presently a director at Burgan Bank Turkey.

Mr Nirmal Parik - Non-Executive Director

Chairman (Non-Executive) Nominee Director from FIMBank Plc

Mr. Parik currently heads the Asset Management & Investment Banking Department at United Gulf Bank, Bahrain (UGB).

He has more than 16 years of experience in the financial services industry in investment banking, asset management and corporate banking. Prior to joining UGB, Mr. Parik has worked in various capacities with multinational firms including ING Investment Management (I) Pvt. Ltd., the asset management arm of ING Group NV, Netherlands. Mr. Parik is a Chartered Financial Analyst (CFA), and holds an MBA degree with specialization in Finance.

Mr. Michael Davis – Nominee Director from FIMBank Plc

Nominee Director from FIMBankPlcMichael Davis, (born in Gibraltar in 1957) graduated with a BA honours degree from Sussex University, England, in 1979 and then completed a Post Graduate Certificate in Education in 1980. He began his banking career in the UK in 1986 after a six year period as a secondary school teacher. He has over 23 years of regulatory and compliance experience and joined FIMBank in July 2011 as Head of Compliance and MLRO. Prior to that he was EMEA Head of Compliance for the Macquarie Group based in London. During his 11 years at Macquarie he was responsible for setting up Macquarie’s compliance infrastructure throughout the region, during a period of extraordinary growth, from 45 members of staff in 2000 to over 1500 in 2011. He was also responsible for managing relationships with key regulators throughout the UK, Europe, South Africa and the Middle East, and was responsible for the licensing of several Macquarie branches and subsidiaries. He has also played active roles on various industry association committees in the UK, specialising in compliance and regulatory issues. Prior to specialising in compliance, his early banking experience was spent trading foreign exchange, money market instruments and commodity derivatives. He joined LME Ring Dealing and founder member Rudolf Wolff & Co Ltd in 1990 as a Treasury Trader, and in 1992 became their Compliance Officer and MLRO. Michael is a skilled trainer in compliance and anti-money laundering matters, and has been an examiner for the Futures and Options Association Diploma in Compliance in the UK.

Mr. Sridhar Srinivasan– Independent Director

Independent Director

Sridhar is a financial services expert with over 30 years’ experience gained internationally and in India. He was with Citigroup for 28 years and has worked in six countries across Asia, Africa and Europe. Some of the leadership positions he held with Citi included being CEO for three countries, Corporate Bank Head for India, Transaction Services Head for Africa, and Bank Services Group Head for Central, Eastern Europe, Middle East and Africa. Sridhar brings deep emerging markets experience from around the globe. He is currently a Senior Advisor with Oliver Wyman, a leading global management consulting firm, which he joined in early 2013 as a Partner and India Head. He works with CEOs, Boards of Directors and other senior leaders of top Financial Services companies in the region, on topics such as Management Strategy, Risk Management, Client Coverage models, Product and Distribution strategies, Cost Optimisation, and Governance and Regulatory Compliance. Sridhar is a graduate of Delhi University, and is also a Chartered Accountant.

Mr. Justin Bharucha – Independent Director

Mr. Justin Bharucha, aged 41 years, has a B.A. LL.B (Hons.) from the National Law School of India University, Bangalore and LL.M (Corporate & Financial Laws) from the London School of Economics. He is a Solicitor, in the High Court of Mumbai. He is a Member of the Bar Council of Maharashtra and Goa, Bombay Bar Association and Bombay Incorporated Law Society. He is also an Advocate on Record, in the Supreme Court of India. He is currently a Partner in Bharucha & partners (Advocates & Solicitors). He is an experienced legal professional providing general corporate advice. In addition to general corporate advice, Justin’s practice focuses on M & A, finance and infrastructure.