We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Brand View

Tue 14 Jan 2020 11:38 AM

Font Size

- Aa +

Chedid Capital on course to become one of the world's top tier financial service providers

Mahomed Akoob, member of the board of directors of Chedid Capital, is helping the company achieve upward mobility in the years ahead

Chedid Capital on course to become one of the world's top tier financial service providers

Corporate governance is primordial to an organisation to be successful, Akoob believes

What made you accept to sit on the board of directors of Chedid Capital Holding?

My decision to accept an appointment as a director and sit on the board of Chedid Capital Holding (CCH) is based on my past experience and interactions with this esteemed organisation. For me, important factors that were prevalent in the organisation were integrity, ethical business procedures, dynamic management team and leadership provided by the chairman.

In addition, what also appealed to me was their strategic roadmap and measured growth direction and ambition.

Where do you see Chedid Capital Holding in 10 years?

CCH has a professional management team and has a respected footprint in a number of regions worldwide. With this as background I see great upward mobility for the organisation in the coming years. The strategic roadmap supports growth despite the current depressed global economic climate. The group has expansion desires and opportunities exist to exploit available niches to add value to the group. CCH is well positioned to support its customer base with specialised products to suit the needs of individual clients. Taking all this into consideration and applying my own mind to this, I see the group as becoming a top tier financial service provider on a worldwide basis in the next decade.

Chedid Capital Holding is a pioneer in corporate governance at all managerial levels. What is the importance of this governance in the development of the group?

Corporate governance is primordial to an organisation to be a successful regional and world player. Sound corporate governance ensures that the interests of all stakeholders are considered and balanced indeed has in place a sound set of rules that dictates its corporate behaviour and these are communicated to all participants in its value chain and investors. On a personal note I have had first-hand experience of the practical application of the group’s corporate governance procedures and this very fact also influenced my decision to join the board.

Having worked in your long career in the insurance and reinsurance business across many continents, you certainly had the opportunity to deal with Chedid Re.

What was your opinion about them? How was your relations with the company and its chairman, Farid Chedid?

During my long career in the reinsurance and financial arena I have had interactions with CCH over many years. In all those years the teams always demonstrated absolute integrity and the willingness to ensure fair play in their dealings. What was important for them was to deliver to clients a solution that is equitable, sustainable and that supports long term partnerships. The management team displayed professionalism at all times.

My relationship with Farid Chedid was excellent and always based of on mutual trust in a spirit of friendship. Chedid has, and always, was accessible despite his heavy schedule. I remember him telling me: “My motto is always being accessible to my friends”.

Indeed, he lived up to this promise and I experienced this many times. What I enjoyed most was to share a cigar with him after a really tough business discussion.

What inspires you in life in general and at work?

A good balance between work and relaxation is important to me. What was always inspiring to me was the nurture and develop younger people and talent to reach higher levels within corporates. On the business front I am a team player and aim to empower the team and support, lead and guide them as necessary. I have been described once by a fellow colleague as someone with an iron fist in a satin glove. Not sure how to interpret this!

On the private side I am a patron of a community-based organisation that serves the needy in South Africa. To this end, I am involved within this organisation to oversee an orphanage, a dialysis clinic, an eye clinic and a drug rehabilitation clinic. To see, for example, a person’s vision being restored has been of my most humbling experience in my life.

What’s one thing people don’t know about you?

I think this will be my passion of collecting small porcelain plates. I really enjoy this hobby and collect these during my visits to various countries.

Arabian Business: why we're going behind a paywall

Brand View allows our business partners to share content with Arabian Business readers.
The content is supplied by Arabian Business Brand View Partners.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.