UAE Exchange CEO wins the Finance CEO of the Year Award

The International Trade Council - a peak-body, non-profit, international chamber of commerce. Dedicating to assisting businesses overcome technical barriers to trade, expand into new markets and connect with other businesses.

Photograph Courtesy: ITP Executive Publishing

Abu Dhabi, March 2, 2016: PromothManghat, CEO, UAE Exchange, was named the ‘Finance CEO of the Year’ at the Indian CEO Awards 2016. The award was in recognition for business excellence and his achievements over the course of the past year as the CEO of UAE Exchange. He has been instrumental in introducing various transformational processes in the organisation and instilled a passion for excellence in its culture, transforming the remittance brand into a global entity with high quality standards.

Andrew Neil, Chairman, ITP Publishing, the BBC broadcaster and former Sunday Times editor, did the honours at the ceremony for which His Excellency T. P. Seetharam, Ambassador of India to the UAE, was the Guest of Honour.This event, organised by Arabian Business and CEO Middle East, was held at Hotel Conrad, Dubai. The event was attended by eminent personalities, special invitees and the Media.

UAE Exchange has always attempted to be innovative, revolutionising its products to enhance customer experience. Today, it offers a host of services in line with the growth in sophistication of the industry.

Going forward, UAE Exchange envisions being the most admired brand in money transfer, foreign exchange and payment solutions. Toward this, various technological initiatives are taken up, emphasising on digitalisation, thus, transforming UAE Exchange.Promoth’sinitiative in driving this transformation has gained him this recognition today.

Promoth had also led that core team, which enabled the group to acquire Travelex, the global foreign exchange specialist. The entire deal, including finance, obtaining approvals from multiple regulators from various countries was completed in a matter of few months. Their efforts won the team ‘Deals of the Year Award’ from the Banker magazine. This penchant for the best resulted in various milestones over the courseof past one year, which in turn won him the Finance CEO of the Year Award.

Earlier Promoth had been bestowed with Excellence in Finance and Profession Award by the Institute of Chartered Accountants of India (ICAI), Abu Dhabi Chapter, UAE.

About UAE Exchange

UAE Exchange commenced its operations in 1980. Today, it has grown into a leading global remittances, foreign exchange and payment solutions brand. Headquartered in Abu Dhabi, the brand has spread its footprint across the world. With close to 800 branches spread across 31 countries in 5 continents, it has emerged as the widest globally networked remittance brand. Strong correspondent banking relationship with over 140 global banks and smart technology add to its might. Over 9000 professionals, representing more than 40 nationalities, strive to achieve excellence and bring delight to more than 7.9 million customers worldwide. UAE Exchange is an ISO certified brand and member of prestigious global associations, recognised and awarded for its quality and business excellence. For more information, please visit: www.uaeexchange.com or