Business Report :
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 be leading Summit Corporation’s unified finance team in project financing, 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 strengthened capital position, maintaining 13% Common Equity Tier 1 (CET1) ratio, 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 corporatization, developing a three-year business plan, setting-up operating models and pitching to both investors and lenders for financing arrangements.
