Sadi Farooqui

Vice-Chairman

Sadi worked for various multi-national companies offering technical service. During the course of his career he developed a great deal of interest in Financial Risk Modelling which later became his area of expertise. After completing his MBA he joined Standard Bank group in South Africa as a senior risk analyst where he developed behavioural scorecard monitoring framework for retail portfolio and was involved in the validation of PDs, EADs and LGDs for Basel II project. He extended his modelling skills to Riyad Bank in Saudi Arabia where he developed the first Simulation based Economic Capital Model for Credit Concentration Risk. This achievement enabled him to enter the 2008 Canadian Actuarial Symposium where his paper on the VaR based Credit Concentration Risk Model was selected as an International Publication.

As a qualified chemical engineer,he has gained more than 14 years of experience in operations and enterprise risk management before joining the family investment business. The corporate experience in risk management was associated with international organizations such as Deloitte SA , PriceWaterhouse SA & Coface International. 

He currently oversees the finance and control function of the family office to ensure assets are performing and delivering the expected return against the balance sheet. He also heads the Millat Gorup’s Treasury Unit, mainly responsible to cover all asset liability transactions that enhances optimum performance of the business balance sheet and managing liquidity risk.

In March 2020, during the Covid-19 pandemic he played an instrumental role in restructuring one of the Group’s largest hotel asset, based in Cape Town formerly known as Hilton Cape Town. His leadership guided the business to establish an efficient and effective exit strategy and laid the perfect platform for Hyatt International to commence their hotel operation that started in Cape Town.

He took up his position at Millat as board of director in 2017 managing the finance operations of the business before being promoted to a senior position as Vice-Chairman of the Millat Group.

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