I am a qualified and seasoned Chartered Accountant with over 33 years of international experience as a CFO and COO in the Financial Services, Investment Management (Capital Markets/Funds and Private Equity), Real Estate and Retail/Wholesale/E-commerce industries. I have vast experience in preparing and executing business strategy through the efficient management, utilization and development of the various resources of capital, infrastructure and multi-cultural teams of personnel (human capital). I have been registered and approved as “Authorized Individual” by various financial regulators (Dubai, Republic of Ireland and South Africa ) to perform the various regulated functions, amongst others, of finance, compliance, anti-money laundering, business and operational risk management.My expertise lies in my ability to set-up businesses/operations, manage “business as usual” processes, as well as continuously review existing processes to achieve improvements in terms of lower cost, higher quality output, quicker turn-around times and enhanced service delivery.I have enjoyed success in managing complex strategic projects, from research of requirements, identifying solutions, evaluating suitable service providers, negotiating agreements, completing implementation and post-implementation evaluation of return on investments and delivery.I possess a keen interest in and passion for IT as a strategic business enabler. I have gained broad and deep experience in financial control & reporting in terms of IFRS, business performance measurement & reporting (MIS), preparing business plans & forecasting, cost control and preparing accounting policies & procedures. I am very experienced in various aspects of corporate governance and treasury management, including negotiating facilities/loans with various banks.I see my role as a true business partner. I help formulate and drive strategic business improvements proactively. Above all my strong reputation, integrity and high ethical standards as my strongest assets.[#CFO, #COO, #Finance Director, #Head of Finance, #Group CFO, #Financial Services, #Investment Management (#Capital Markets, #Funds Management and #Private Equity), #Family Office / #Private Office, #Real Estate (#Leasing and #Construction), #Retail, #Food & Beverages (#F&B), #Automotive, #Healthcare industries] [#Permanent and Limited Period #Contract],#Wholesale,#E-commerce,#Omni-channel.
Al Hala Trading Establishment (Aura Living, Leem Fashion And Leem Global)
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Chief Financial OfficerAl Hala Trading Establishment (Aura Living, Leem Fashion And Leem Global) Apr 2020 - PresentRiyadh, Saudi ArabiaI am the CFO of Al Hala Trading Establishment founded in 2010. It is a retail business owning the brands of Aura Living (Middle Eastern taste homeware/furniture and accessories - blending the best of global design) and Leem Fashion (sophisticated women modesty clothing with a modern twist).The business operates through physical stores in the GCC and also via E-Commerce with its own websites/apps and through third party market places partnerships in United Kingdom, Europe and South East Asia (Singapore and Malaysia).
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Chief Financial OfficerScope Investment Llc (Uae) Dec 2013 - Nov 2019Dubai, United Arab EmiratesMy role as CFO is to support the implementation of the strategy and business planning of the company and group as well as oversee the execution. I am on a regular basis reporting to all stakeholders and managing the finance (including treasury) and operations (HR, IT, Investment back-office, etc) of the different business functions, leveraging off the experience I have gained throughout my career. This business is governed by the strictest level of confidentiality, given the family office nature.
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Chief Operating Officer - Asset Management DivisionEmirates Nbd Jun 2008 - Dec 2012Dubai International Financial Centre (Difc)Preparing financial business plans and budgets to support the achieving of the overall business strategy and objectives. Exercise strong financial control and deliver quality and timely management information and prescribed reports to aid key decision-making on business performance.Fulfil the regulatory responsibilities as the Dubai Financial Services Authority (“DFSA”) authorised individual of Senior Manager & Finance Office. Monitor and report on prudential capital requirements.Manage all required periodic reporting (in terms of IFRS and other prescribed regulations to Emirates NBD Group, the DFSA & DIFC and any other external bodies.Manage the information technology infrastructure, systems and applications to be a business strategy enabler by extracting maximum return on investment and to deliver on the end-users’ requirements within the best practice business continuity/disaster recovery environment and security plans & protocols.Execute strategic projects to enhance and grow the business from a product, service, distribution and profitability perspective. Research and implement the appropriate solutions and conclude sustainable commercial and governance arrangements with external service providers.Manage the quality and timely flow of information regarding the real estate fund & property accounting and operations to meet the investor and regulatory reporting requirements. -
Chief Financial Officer - Injazat DivisionGfh Financial Group Nov 2006 - May 2008Dubai International Financial Centre (Difc)Co-lead and manage the business planning process with other senior management.Set-up suitable financial controls, processes and methodologies and ensure adherence to the same on continuous basis.Monitor and report on business performance.Fulfil the regulatory responsibilities as the Dubai Financial Services Authority (“DFSA”) authorised individual of Senior Manager & Finance Officer.Support private equity and investment banking professionals to achieve the objectives of the investors and other stakeholders.Manage all required periodic reporting (in terms of IFRS and other prescribed regulations/standards/formats) to the DFSA & DIFC and any other external bodies, through managing the process and liaising with external and internal auditors.Responsible for support functions and in particular information technology, business operations and human resources.Key achievements include:• Further establish and build-out the business as a regulated entity within the framework of the DFSA and DIFC.• Implement externally sourced private equity and investment banking system. -
Cfo And Investment Partner - Sanlam Private Equity(South Africa)Sanlam Mar 2002 - Oct 2006South AfricaCo-leading the development and implementation of strategies to optimize the value of the Sanlam Private Equity portfolio.Oversee the valuation and reporting process as well as the performance within the industry best practices (as per BVCA/EVCA guidelines and GIPS standards).Devise, implement, manage and unwind complex funding structures as per the requirements in the relevant investment and exit strategy.Participate in the due diligence on and governance structures of the investee companies to protect and enhance the value for the investors.Key accomplishments include:• Successfully implement funding/finance for multiple investment companies to empower individuals, groups and communities to participate in the economic growth.• Transfer of knowledge and skills to new entrants and other participants in the private equity investment environment in South Africa, post isolation. -
Cfo And Head Of Operations (Dubai And London)Sanlam Investments Nov 1998 - Mar 2002County Dublin, IrelandResponsible for applying for all regulatory licenses and establishing the international investment management entities for the Sanlam Group in Ireland and the UK.Managing the finance and business operations of these off-shore and on-shore entities on ongoing basis.Liaise with regulators, auditors, external consultants and service providers to deliver on the overall business objectives.Managing all prescribed reporting to all stakeholders and the various regulators.Special Project• Established the regulated fund management entities in the International Financial Services Centre in Dublin. • Established the offshore Hedge Fund operation/business with various Prime Brokers in the UK. -
Cfo (South Africa)Sanlam Investments Jan 1992 - Oct 1998South AfricaGained broad and deep experience in a range of roles within the financial accounting and investment management business units of the group. These roles included the following:• Project accountant establishing profit centres and documenting the accounting policies,• Investment accountant (for derivatives and the share incentive scheme) and manager of the trading desk,• Joint head of investment administration looking after complex aspects of investment instruments (corporate actions etc.), taxation and securities/scrip lending and• Head of Finance & Operations and Company Secretary.Key achievements include:• Successfully establish Sanlam Asset Management (Pty) Limited as a separately regulated investment management company and being appointed as first Head of Finance and Company Secretary.• Participate in the demutualization and IPO/listing of the Sanlam Group.• Represent Sanlam at the Johannesburg Stock Exchange during the “big-bang” changes to move to electronic trading and the formation of the Bond Exchange of Southern Africa.• Pioneer the implementation of the Balance Scorecard principles within the business. -
Audit Manager (South Africa)Pwc South Africa Jan 1989 - Dec 1991South AfricaCompleted articles
Cobus Foster Skills
Cobus Foster Education Details
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South Africa Institute Of Chartered Accountants (Saica)Accounting & Auditing -
Accounting And Finance -
Accounting And Finance
Frequently Asked Questions about Cobus Foster
What company does Cobus Foster work for?
Cobus Foster works for Al Hala Trading Establishment (Aura Living, Leem Fashion And Leem Global)
What is Cobus Foster's role at the current company?
Cobus Foster's current role is CFO COO CA: Capital Markets, Private Equity, Real Estate, Retail, Family Office, E-commerce.
What schools did Cobus Foster attend?
Cobus Foster attended South Africa Institute Of Chartered Accountants (Saica), University Of Stellenbosch, University Of Stellenbosch.
What are some of Cobus Foster's interests?
Cobus Foster has interest in All Sports, International Travelling.
What skills is Cobus Foster known for?
Cobus Foster has skills like Asset Management, Information Technology, Corporate Governance, Investment Management, Financial Accounting, Project Management, Real Estate Funds, Risk Management, Risk Compliance, Change Management, Financial Regulation, Cfos.
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cobus foster
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2eim.ae, emiratesbank.com
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