Manager Management

VALERIAN AGNELO CRASTO

***, ***** ****, **-** The Makena, Singapore 437936

Tel: Residence (65) 6440 3609; Office (65) 6878 7122; Email:

********@*******.***

PROFESSIONAL PROFILE

. Proven track record with over 20 years of progressive experience in the

financial services industry.

. Values and principle driven with a reputation for integrity and

professionalism.

. Success and proven ability in providing leadership across functions,

cultures and geographic boundaries.

. Broad and diversified experience in risk governance having held key roles

in the first, second and third line of defense (Front Office, Finance,

Operations, Risk Management, Internal and External Audit).

. International exposure having worked in five countries and directed

global teams in multi-locations.

. Extensive experience across the wide spectrum of the Financial Services

Industry: Treasury & Capital Markets; Investment Banking; Wealth

Management; Corporate Banking & Consumer Banking.

. Champion on governance and risk management having advised and enabled

management of financial institutions to improve their control environment

and enhance risk management practices and culture.

PROFESSIONAL EXPERIENCE

DBS Bank, (Head Office) Singapore

Jan 2007 - Date

DBS, the largest financial services group in Asia and largest bank in South

East Asia with operations across 15 countries including Singapore, Hong

Kong, China, India, Indonesia, Taiwan, South Korea,Vietnam, Japan, UAE, UK

& USA. The bank's strong capital position and credit ratings among the

highest in Asia earned it Global Finance's "Safest Bank in Asia" accolade

for five consecutive years from 2009 to 2013.

MANAGING DIRECTOR AND COO, TREASURY & MARKETS (T&M) Jan 2009 -

Date

Chief Operating Officer (COO) for the T&M business, leading the Business

Management Support/COO units (7 direct reports with a total staff of 70 in

7 countries) and reporting to the Global Head of T&M. T&M businesses

include: Trading and Sales, Structuring, Treasury Investments (TI), Debt

Capital Markets (DCM), Treasury and Liquidity Management (TLM). T&M total

revenue over S$2 billion per annum.

Key responsibilities include the following:

. Developing and implementing the overall business plan and strategy for

the T&M business.

. Overseeing IT strategy implementation and ensuring the infrastructure

supports the business needs.

. Championing revenue growth and managing cost to improve overall

profitability of the business.

. Directing resources delivering high standards of operational

efficiency and customer service.

. Implementing systems of governance, controls and compliance including

risk framework, policies and procedures for the end-to-end processes

for the T&M business.

. Managing market, credit, operational risk for the business as the

first line of defense working closely with Group Risk, Compliance,

Finance and Operations to identify, assess and mitigate all risks.

. Managing balance sheet and capital usage for T&M business working

closely with Group Finance.

. Planning, budgeting, developing and tracking KPI's including risk-

based performance measurement.

Major achievements include:

. Established the regional risk governance framework for the end-to-end

processes across T&M.

. Instituted a quarterly business risk review exercise across all risk

types and across all locations.

. Improved the cost to income ratios consistently through efficiency

and productivity.

. Enabled business to streamline sales processes and distribution of

products to improve cross-selling.

. Established processes to comply with Global Financial Regulatory

Reform for OTC Derivatives.

. Reduced Operational Losses significantly by being proactive and

dealing with root causes of issues.

. Improved ORM KPI scorecard and Audit Ratings as a result of an

improved control environment.

Member of following Group Committees: Market & Liquidity Risk Committee;

Operational Risk Committee; GALCO; Capital Committee; Product Approval

Committee; and Business Control Committee.

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Valerian Agnelo Crasto

Page Two

SENIOR VICE PRESIDENT, GROUP AUDIT Jan

2007 - Dec 2008

Reporting to the Head of Group Audit and leading a team of 30 professional

auditors across Asia.

Accountable for directing and leading Group Audit coverage for the

following key areas:

. Global Products/Businesses: Treasury & Markets (T&M): Sales & Trading

(including Derivatives and Structured Products for Equities, Interest

Rate, FX, Commodities and Credit); Capital Markets; Investment

Banking; Vickers Securities (brokerage arm); and Global Transaction

Services (GTS).

. Global Functions: Risk Management; Corporate Treasury (ALM); Finance;

Legal and Compliance.

. In addition, country responsibility for India, Indonesia, Korea,

Vietnam, Malaysia and Philippines.

. Independent reviews for BASEL II implementation (including reviews for

Model Validation).

Primary responsibility for the following:

. Developed the overall audit strategy and annual audit plan.

. Hiring, training and mentoring a high performance team of professional

auditors.

. Conducting thorough risk assessments and executing a comprehensive

audit plan responsive to the risks of the organization.

Enabled BU's to achieve business objectives while balancing governance and

compliance requirements.

CANADIAN IMPERIAL BANK OF COMMERCE (CIBC), Head Office, Toronto, Canada

SENIOR DIRECTOR, POLICY & ADVISORY, CONTROLLER'S GROUP 2005 -

2007

Please refer details on next page (Page 3).

BANK OF AMERICA, Charlotte, N.C. USA (Corporate Headquarters)

2001-2005

Bank of America, one of the world's largest financial institutions and then

the 2nd largest bank in the USA.

SENIOR VICE PRESIDENT, LOB OPERATIONAL RISK EXECUTIVE 2004

- 2005

The largest retail bank in the U.S. and serving 33 million consumer

relationships with more than 5,800 retail banking offices, more than 16,500

ATMs.

Responsible for management oversight and supervision of following key

activities for Operational Risk Management (ORM) for the Global Consumer

Bank:

. Developed and implemented ORM procedures and governance routines.

. Risk Identification and Assessment: Loss incidence database, Business

Self Assessment, Key Risk Indicators (KRI) including Operational Risk

Dashboard and New Product Approval Process.

. Risk Mitigation and Control: Audit Issues Management Process; Event

Risk Management.

Also, responsible for Governance & Risk Management oversight processes for

the Banking Center Channel.

SENIOR VICE PRESIDENT, AUDIT DIRECTOR, GCIB

2003 - 2004

Directed an audit team of 12 for Global Corporate Investment Banking (GCIB)

in NYC and Charlotte.

. Directing the audit coverage for following key global businesses for

Bank of America Securities (BAS): Global Equities: Cash Equities,

Equity Financial Products, Equity Capital Markets; Equity Financing:

Prime Brokerage (including Hedge Funds), Securities Lending;

Investment Banking: Industry Groups and Mergers &Acquisitions; and

Equity Research.

. Led the implementation for Sarbanes-Oxley for GCIB, including

documentation and testing.

. Responsible for directing audit coverage for following key GCIB-wide

centralized group functions that cut across all products and line of

businesses in GCIB: Trading Market Risk and Credit Risk Management;

GCIB Finance; GCIB Compliance; Global Securities Operations.

. Active engagement and participation on the following key GCIB

committees: GCIB Operation Risk Management Committee; GCIB Risk

Management Extended Leadership Team; New Products Committee;

Supervision & Control Committee; BAS Board Meeting, GCIB Risk

Committee.

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Valerian Agnelo Crasto

Page Three

SENIOR VICE PRESIDENT, AUDIT DIRECTOR, CONSUMER PRODUCTS GROUP 2003

Led and directed a team of 40 professional auditors including 4 audit

managers (1 SVP and 3 VPs) located across the country with responsibilities

for the Global Consumer Products Group business for the largest Retail Bank

in the USA which included: Consumer Real Estate (including home mortgages

and home equity); Card Services; Dealer Financial Services; Auto and

Specialty Loans; and Consumer Special Assets.

SENIOR VICE PRESIDENT, SENIOR AUDIT MANAGER, TREASURY RISK MGT. 2002

VICE PRESIDENT, SENIOR AUDIT MANAGER, TREASURY & FINANCE (From Feb 2001)

Responsible for managing major reviews for strategic and significant

functions of the bank including:

. Economic Capital Methodology and Shareholder Value Added (SVA)

Methodology and Process.

. Interest Rate Risk Management and Fund Transfer Pricing (FTP)

Methodology and Process.

. Corporate Insurance and Risk Transfer.

. International Treasury (EMEA) London.

. Trading Market and Credit Risk Management.

. Structural Foreign Exchange and Translation Risk Management;

. Corporate Investments Portfolio including Securities, Derivatives and

Whole Loan Book.

Many of the audits were considered to be breakthrough performances and well

received by business partners, senior leadership team and regulators.

CANADIAN IMPERIAL BANK OF COMMERCE (CIBC), (Head Office), Toronto, Canada

SENIOR DIRECTOR, POLICY & ADVISORY, CONTROLLER'S GROUP 2005 -

2007

DIRECTOR, AUDIT, TREASURY & BALANCE SHEET MANAGEMENT 2000 -

2001

SENIOR MANAGER, AUDIT, CIBC WORLD MARKETS

1998 - 2000

MANAGER, AUDIT, NORTH AMERICA & TRADING

1997 - 1998

CIBC, a leading Canadian based financial institution and one of the largest

banks in North America with international operations across the globe.

Returned from the USA after working for BoA in July 2005 to work as Senior

Director, Policy & Advisory for CAD (Chief Accountant's Division) in the

Controller's Group. My mandate was to ensure effective policy development

related to Management Accounting & Reporting, so as to provide performance

measurement information aligned with the new organization structure.

Measure the different business lines' performance from an economic risk

adjusted and shareholder value perspective with aim of supporting effective

business decision-making and balancing risk and reward.

Key areas or responsibility included:

. Management Accounting and Reporting: Corporate wide Policies and

Standards.

. Measure and Manage Model: P/L Accountability for Products, Channels

and Business Segments.

. Fund Transfer Pricing (FTP) and Treasury Allocations relating to

Interest Rate Risk Management.

. Attribution of Economic Capital (RAROC) and Shareholder Value Add

(SVA).

. Legal Entity International Tax Transfer Pricing.

. Hedge Accounting: Fair Value Hedges; Cash Flow Hedges, NIFO Hedges;

and Fair Value Option.

. Key projects related to Treasury Business Architecture (new Financial

Instrument Standards).

In Corporate Audit from June 1997 to February 2001 and primarily

responsible for directing, managing, planning and executing the audits for

the following businesses in CIBC World Markets: Sales & Trading (Equities,

Debt, FX, and Commodities); Financial Products (Equities, Interest Rate and

Credit Derivatives); Investment Banking (DCM, ECM, and M&A); Wealth

Management (TAL Investment Funds); Treasury & Balance Sheet Management.

Location coverage included Toronto, New York, London and Montreal.

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Valerian Agnelo Crasto

Page Four

MANAGER, FUTURES AND OPTIONS, DERIVATIVES OPERATIONS 1996 -

1997

BANK OF MONTREAL, Toronto, Canada

Bank of Montreal, Canada's first bank, a highly diversified financial

institution that ranks as one of the largest banks in Canada and North

America.

. Responsible for the supervision and control of Derivatives Operations

including activities related to the processing of Futures and Options,

(exchange traded and OTC options), including interest rate option

products (caps and floors), swaptions and FX options for several booking

units around the world.

. Direction and supervision of back office staff for all Futures and

Options, ensuring a high level of service to Dealing Executive, Senior

Dealers and Risk Management.

SENIOR ACCOUNTANT, TREASURY AND FINANCE

1995 - 1996

ONTARIO PENSION BOARD, Toronto, Canada

Ontario Pension Board is one of Canada's largest pension funds with a

diversified investment portfolio of $8.5 billion, which included foreign

and local equities, bonds, derivatives and real estate holdings.

. Responsible for the effective management of investment accounting,

accurate and appropriate financial, statutory and management reporting.

. Monitor and report on investment activities with regard to the Board's

overall compliance with and requirements of the investment policies and

objectives i.e. asset mix policy, portfolio diversification, rate of

return, compliance with applicable legislation and regulations.

CHIEF ACCOUNTANT 1993

- 1994

NOMURA INVESTMENT BANKING E.C., Bahrain, Middle East

ASSISTANT VICE PRESIDENT, OPERATIONS AND ADMINISTRATION 1991 -

1992

MANAGER, OPERATIONS AND ADMINISTRATION 1990

- 1991

FINANCIAL ACCOUNTANT

1989 - 1990

INTERNATIONAL BANK FOR COMMERCE, Bahrain, Middle East

ACCOUNTANT 1986

- 1989

ERNST & YOUNG, Bahrain, Middle East

ASSISTANT AUDIT MANAGER

1985 - 1986

A.F.FERGUSON & CO. (AFF) CHARTERED ACCOUNTANTS, Bombay, India

PROFESSIONAL AND ACADEMIC QUALIFICATIONS

1. Certified General Accountant, (CGA) May 1998

Certified General Accountants Association of Canada

2. Chartered Accountant, (CA) November 1984

Institute of Chartered Accountants of India

3. Bachelor of Commerce, December 1982

Bombay University, India

CITIZENSHIP

1. Citizen of Canada

2. Permanent Resident of Singapore (PR Status)

3. Overseas Citizen of India (OCI Card)

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