Management Manager

MICHAEL PURDY

** ********* ***** *******, ** ****5

************@*******.*** R: 973-***-**** C: 908.698.250

Highly motivated candidate with diverse domestic and global experience seeks a role within a firm where

my Liquidity, Risk, ALM Portfolio and Trading skills will positively impact commercial results.

A results generating leader and risk manager with proven success in mitigating and managing domestic

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and global liquidity, interest, credit and operational risk with a proven track record

Consistently optimizes interest and alpha income while implementing strategies within approved limits

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and guidelines as both a Trader, Treasurer and Chief Investment Officer

Full competency in both Shariah and Conventional Islamic Banking, Trading, Products and Regulatory

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compliance

Strong corporate governance with full exposure to Basel III, FSA, IFRS and Compliance skills

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EMPLOYMENT HISTORY

lling

Ahli United Bank– Manama, Kingdom of Bahrain

03/2012 Present

Group Head Treasury & Investments

KEY ACCOMPLISHMENTS

Lead all AUB group Investment, Treasury Trading, Fixed Income, Funds and Equity activity in UK, Bahrain,

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Egypt, Kuwait, Qatar, Oman, Libya and Iraq

Continue to successfully grow client/proprietary trading into a profitable/low capital utilization activity while

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emphasizing cross selling

Oversee all Treasury operations group wide while working with local executive management to ensure

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commercial and regulatory adherence while managing multiple currency and interest rate risk exposure

Ensure selection, procurement and installation of ALM/FTP systems, policies and FTP

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Ensure Regulatory Liquidity structure/risk and foreign exchange exposures are within limits and policies while

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being Basel III and FSA compliant

Chair local and Group ALCO committee, Member of Risk, New Product and IT committees

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Trustee of AUB Funds and SPV programs

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Manage multi currency USD 32 billion Balance Sheet exceeding targets across group entities

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Investment profit under direct supervision exceeded targets by 98% to USD 79 million, 25% of AUB Group

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profits

Investment Portfolio increased to USD 4 billion while achieving diversification and eliminating basis/credit

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risk and enhancing hedging policies

Saudi Arabia Investment Bank – Riyadh, Saudi Arabia

01/2010 02/2012

Chief Investment Officer Group Head Treasury

KEY ACCOMPLISHMENTS

Generated USD 68 million (2011)/USD 52 million (2010) alpha revenue for Investments/Trading Division and

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USD 7 million (2011)/USD 6.0 million (2010) for Foreign Exchange Division exceeding all targets

Sourced, secured and on boarded ALM/FTP systems and Best Banking Practices that standardized reporting,

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provided accurate, transparent and reconciled daily P&L reporting and quantified interest rate/liquidity rate

risks, enabling improved risk mitigation moving forward

Composed and implemented Hedging Policy that enabled the Bank to lock in margin and minimize P&L

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volatility

Managed liquidity, investment and capital risk, ensuring achievement of objectives and established

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policies/procedures for Treasury Investment Group to align with Best Market Practices

Chaired new product and cross-selling efforts to coordinate Retail, Corporate, and Treasury business units

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Transitioned from buy/hold to mark-to-market performance measurement and introduced VAR risk

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metrics as part of alpha-based trading/risk-management activities. Results included exceeding investments

and ALM revenue targets while ensuring regulatory and audit oversight

- Page 2 ************@*******.*** R: 973-***-**** C: 908-***-****

MICHAEL PURDY

EMPLOYMENT HISTORY Continued

01/1993 12/2009

Commerzbank AG – New York, NY

KEY ACCOMPLISHMENTS

06/2005 12/2009

North American Treasurer - Commerzbank & Eurohypo -New York, NY

Spearheaded liquidity management, risk taking, and trading strategies for all product areas of Asset

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Liability Management, including Foreign Exchange, and Proprietary Trading, as well as being the local

reporting Head for Precious Metals Sales and Trading and Public Finance

Increased revenue 300% to USD 90 million per annum while Treasurer of North America/Eurohypo New York,

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while reducing operational costs by 40%

Chaired Commerzbank and Eurohypo ALCO and was a member of North American Pension Committee

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Formulated and initiated policy and procedures for translation risk, hedging of branch operating profits,

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liquidity risk, and transfer pricing. Co-managed execution of FX Translation profitably on a annual basis

Co-Chaired North American Risk Committee, which led to reduced concentrated risk in CDS counterparts.

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This action enabled hedging of counterparty exposure, loans and corporate bonds with CDS, and quality

spreads in volatile markets, adding profitability while mitigating risk

Integrated Eurohypo and Dresdner Kleinwort front office and branch operations which achieved synergy

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with HO operations/functions and complied with risk, liquidity strategies, and regulatory reporting both

domestically and globally

06/1999 05/2005

Head of Risk, Asset Liability Management, Trading & Money Markets - --- -

01/1996 05/1999

Senior Vice President Head of Money Markets & Proprietary Trading -

• Oversaw Interest Rate Sensitivity Group, Liquidity Group and North American Balance Sheet plus MTN,

Yankee CD, CP, and ABC programs

• Generated net revenue of USD 594 million vs. projected USD 342 million, a 72 % surplus

• Managed the functional teams and reports to Treasurer and Branch Management

• Averaged annual net revenue of $94 million for six consecutive years vs. imposed target of USD 57 million per

annum in a mark to market methodology and maintained operational costs of USD 14 million

• Implemented and monitored risk and liquidity strategies, adjusting as necessary, to ensure adherence to

risk limits and capital management for compliance with acceptable internal/external and regulatory audits

01/1993 12/1995

Vice President Proprietary Trading

Actively made markets and traded Money Markets and FICC

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Bank of Nova Scotia – New York, NY

01/1990 12/1993

Senior Dealer – Treasury

Monitored risk and liquidity strategies to ensure adherence to limits and compliance with internal/external

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policy and procedures

Actively made markets and traded Money Markets and FICC

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06/1994 12/1989

Bank of Nova Scotia – Toronto, Canada - --- -

Senior Dealer – Treasury

Actively made markets and traded Money Markets, Derivatives and Exchange Traded Futures

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ALM and Balance Sheet Management for Head Office Balance Sheet

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EDUCATION

Bachelor of Arts University of Western Ontario – Ontario, Canada

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