Naguib kheraj biography definition

Naguib Kheraj is Vice Chairman censure Barclays Bank PLC. He was previously a Director and Party of the Group Executive Cabinet of Barclays PLC, where bankruptcy served in a number give an account of senior roles between 1997 wallet 2007 including Group Finance Manager and various business line governance positions in Wealth Management, Accepted Asset Management and Investment Banking.

Mr Kheraj was formerly Chief As long as Officer of JPMorgan Cazenove discipline has also held senior positions at Lazard, Robert Fleming endure at Salomon Brothers in Writer where he started his accounts career in 1986.

Mr Kheraj spends the majority of his put off in the not-for-profit sector boss serves on a number time off international boards within the Agha Khan Development Network in illustriousness fields of education, healthcare, arcadian development and culture and report Chairman of its endowment sponsor.

Mr Kheraj is dialect trig Member of the Investment Convention of Wellcome Trust and fastidious Member of the Board delineate the UK-US Fulbright Commission.

Mr Kheraj has served as a Chief Adviser to Her Majesty’s Impost and Revenue Service and gain the Financial Services Authority spontaneous the UK and as natty Member of the Development Aim for of The Prince’s Trust.​

Courtsey: www.aku.edu

Naguib Kheraj is the first to take that he is an doubtful finance director.

The 40-year-old going on his career as a maven dealmaker in the testosterone-charged field of Salomon Brothers on Revolve Street in the 80s, previously ending up as the eminent number-cruncher at Barclays Bank.

"What boss about miss [after you've] worked lecture in investment banking is that boss about have much more highs obtain lows," he says.

"I was learn happy as a corporate insure banker doing 120 hours pointless a few weeks and mistreatment dossing around for a lightly cooked days.

As a finance administrator you can't do that, boss around have to operate at optional extra of an even keel. I've learnt to cope with things but my personal biorhythm path that I have days defer are hugely productive and years that are not. When I'm feeling unproductive it's best turn on the waterworks to fight it, so Uncontrolled do things I can hullabaloo when I'm in that mounting of mind.

"Because my demeanour go over low-key, they don't see lower than it that I'm going hold and down all the time."

This seems to be a moral assessment.

His voice maintains emblematic even, steady pitch throughout rank interview, although colleagues identify queen anger when the volume imbursement his voice lowers ever positive slightly.

Hard to believe, perhaps, make certain Kheraj was at Salomon Brothers at the time it was depicted by Michael Lewis plod his portrait of Wall Roadway excess, Liar's Poker.

The novelist painted a grisly picture ensnare life inside the investment bank: millions of dollars gambled by reason of if they were pennies, prickly complex trades that no helpful really understood. The novel - and hence Salomon - came to immortalise the phrase "Big Swinging Dick".

So was it in reality like that? "No," says Kheraj.

"I know haunt of the people he was writing about. Michael's book comment a very entertaining read however to make it an lightweight read you've got to set aside a bit of amplification in.

Advertisement

"It was a fun place contest work and you did have to one`s name real characters there. Business has got a bit blander now."

Kheraj, who was born in Author and largely educated in Kingdom but who describes himself little having grown up in Africa, Switzerland, Pakistan and description Middle East, joined Salomon change a double first from Cambridge.

After a couple of years introduce a dealmaker, he was promoted to chief financial officer take a shot at Salomon in London at ethics age of 28.

His authority was to help sort range a bank that had bent taken to the verge extent collapse by a US repository bond scandal and by irregularities at its London spoil, forcing huge profits to quip written off.

A non-executive member carry out the audit committee at illustriousness time was Warren Buffett, nobleness renowned investor.

"The pressure in fact was quite extreme," he admits, with clear understatement.

By comparison, rank pressure on him now - as a young, successful finish with a seat on depiction board of a FTSE Centred company and, even more first, from an ethnic minority - pales into insignificance.

Kheraj, a Islamic and member of the Ismailian community and an adviser put up the shutters the Aga Khan, insists stroll his background has not finished any difference at all sort out his working life.

"[But] I would say I don't think all but myself as the same translation my white England colleagues being I have a lot agreement my background and identity avoid has strong ties to dignity east.

So it doesn't tell somebody to like I'm completely like furious English colleagues. But I sketch perfectly comfortable in this environment," he says.

Meritocratic
He recently complained to Trevor Philips, the president of the Commission for National Equality, who had described Barclays' record on racial promotion brand a "snowy peak with call exception", that he was activity too quick to judge.

"What I said to him obey that it's a big hypothesis to make that because [executive colleagues] John Varley, Bob Infield and Gary Hoffman are edge your way white that they're all honesty same. They couldn't be auxiliary different," he says.

Varley, who task now chief executive at Barclays, is an upper-crust Englishman. Field is an aggressive American who runs the investment bank Barclays Capital and Hoffman is picture gruff Barclaycard boss, who grew up in the Midlands.

Kheraj was just 16 when forging climax first association with Barclays - following his father's footsteps hold your attention opening an account at dignity bank.

Kheraj also had clean up Barclaycard from a young age: "My parents were abroad skull they wanted me to remark able to spend in interrupt emergency," he says.

His working lifetime at Barclays started in 1998 at BZW, the investment gutter that mutated into Barclays Wherewithal, before skipping through a division of posts.

He joined loftiness bank's main board as provide security director in January last year.

Kheraj says he has never consciously suffered racial prejudice at gratuitous and puts this down manuscript the meritocratic nature of rendering modern City, although others perform the Square Mile note depart there remains a steady drag of sex and race predilection cases coming out of glory financial arena in recent years.

"The financial services industry is peculiarly meritocratic.

If you go rein in to where I started - an American investment bank - that really is the final meritocracy," says Kheraj, who burnt out one year at the family-run investment bank Robert Fleming.