Ajay Bhatnagar Email and Phone Number

• Creating sustainable operational ecosystem implementing Global transformation across products• Steering global impactful client centric resolutions, collaborating operating and technology models• Driving innovation BAU trade settlement cycle, cross border collaboration, workstream program and process reengineering FTB• Subject Matter expertise front to back trade cycle with transformation in RTB / CTB execution• People management, training talent across processes / products• Defining controls environment, framework and governance.• Sign off functional / regional operational reportings, risk, balance sheet and representations with global senior stakeholders

• Trading private equity and derivative portfolio fund: direct investments and co-investments within funds of fund.• Managing detailed financial modelling and developing internal financial cash flow methodology.• Analyzing historical investment performance, portfolio company performance, financial statements, account receivables via etrading platforms and intermediaries, and specific stocks & industry research.• Active pricing stocks, valuations and mitigating FX exposure.

• Fixed Income / Collateral Group Operations business steering functions in defining target architecture and operating models.•Front Office EMEA Business Manager - Change management, global integration from all asset classes and multiple internal groups to deliver key strategic digital and technology projects. •Front to back operations subject matter expert, with proven track record in delivering and demonstrating fundamental knowledge in landscaping change environment across continents in multiple transition projects and business partnerships with global clients. •Represent Front office in broader firm wide strategic initiatives and EU Passporting (MiFID II and Brexit) maintaining client relationships and mandates for robust business growth models. • Manage trading initiatives, amalgamating key business partners: risk, compliance, audit, operations, FI Settlements and technology to excel innovative trading processes, counterparty credit exposures and exchange mandates.•Steering Operations committee and streamlining front to back trade cycle, supervising BCM program and offshoring in Asia. • Delivering Operational Readiness, EU27 Client Onboarding, Trading platform readiness for cross border BCM program, running FO surveillance and conduct risk, training Traders and Sales for cross border business, preparation of POO with CBOI and acting as an integral liaison between CBOI and FCA Trade / financial reporting process.

• Fintech: Created a digital identity and SDLC compiling trading / product control / Operational strategies for digital Etrading clients. Amalgamated technology software development and streamlining funding / financing tools under Treasury collateral management. • Development focusing on Operations related to FO positions and risk, trade reporting, repository and centralizing collaterals. • In-house Eplatform interface that included Functional designing, Trade flow, change mgmt., and prioritization for RTB/ CTB initiatives.• Product: Collaterals, high quality liquidity assets (HQLA) focusing on RWA, capital optimization and better usage of balance sheet under ALM realm.

Group Treasury - Rates Cash and Collateral Trader, steering Treasury Advisory group to optimize use of firm inventory, balance sheet and liquidity coverage ratio. Implement cash management best practices and processes to ensure efficiency and improving short-term cash forecasting and cash positioning. Funding, Financing collateral optimization, ALM, managing Repo desk interest rate and basis risk. Middle Office and Product Control - FID - Leadership of the Global Middle Office Financial & Operational Risk Control – Functions cover T0 and T1 Trade Validation, Daily P&L sign off for Fixed Income Business, Balance sheet control, month end recons & ledger closing, Transfer pricing, monitoring RWA, cash management and capital reserve requirements. Build and develop transaction management frameworks with LCH and provide operational oversight of completed transactions with custodians and agents.Compliance Management: Supervisory responsibility and interface between Repo Front Office, Business management and Product Control in migrating new/existing FCA regulations and structuring. Function included governance and controls, Risk and Regulatory Reporting. Global Operations & Business Management: Collateral Trading Advisory group to optimize use of firm resources, global development mandates and maintaining transparent interface between divisions. Coordinating with the Global Teams and setting Front office mandates with various divisions, RTB / CTB prioritization, defining SLA’s / KPI’s adherence, allocating cost in conjunction with risk vs. reward program, making a robust cost effective business structure. Steering OPEX offshoring business for India captive running Recons / Settlements / Product Control in Fixed Income.Member of the LCH Fixed Income Risk Working Group.Group Treasury Liquidity & Funding / Financing Collateral Management.

• Collaborating with the business to define and execute the desks’ strategic objectives, performance of the business to a wide range of stakeholders.• Liaison between the Front Office and various infrastructure areas to manage, define and help implement key initiatives for the business.• Implementation of the desk’s new eTrading platform pipeline end to end.• Steering IT and other infrastructure areas to enable deliverables.• Reconciliations - Identification, escalation and resolution of inconsistencies in pricing, benchmarking and accrual interest calculations with Front Office traders. Function included sign-off on PnLs, reporting, Operational Risk reporting, General Ledger and month end closings.• Settlements - Liaising with domestic agents to ensure timely & efficient settlement of trades & advise of any potential risk to the traders. Function covered supervising Domestic & Euroclear settlements at T0 and T1. • Supervising UAT testing on application enhancements for accurate pay downs and accruals calculations.

• Construction of Financial model to implement strategic business plan to infiltrate a chosen market. • Assisting in Underwriting New Business, Licensing and contracting for insurance products.• Maintaining liaison between the financial representatives and the prospective clients.• Building up client database, manage capital request and budgeting process.