Summit Corporation Ltd appoints new 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 lead Summit Corporation's unified finance team in project financing and 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 a strengthened capital position, maintaining a 13% Common Equity Tier 1 (CET1) ratio, a 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 corporatisation, developing a three-year business plan, setting up operating models and pitching to investors and lenders for financing arrangements. Later, Imtiaz joined Scotia Bank, where he led the Project team to establish a new risk score model adjudicating 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.
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Imtiaz attained an MBA at the Institute of Business Administration (IBA), University of Dhaka. Later, he completed an Executive Leadership Development course at INSEAD Business School, Singapore. Imtiaz volunteered to teach financial literacy to disadvantaged youth at Jaago Foundation School in Dhaka's urban slums. He participated in a run for Breast Cancer Awareness with the Canadian Banking Institution. Imtiaz is keen on soccer, world history, economic cycles and their evolution, and wildlife preservation.
