- Mr. Promoth Manghat, CEO, UAE Exchange, is named the Finance CEO of the Year at Indian CEO Awards 2016, in recognition for business excellence and his achievements over the course of the past year as the CEO of UAE Exchange.
Promoth received this award for his outstanding contributions in the progress 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.
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.[ads1] 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’s initiative 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 etc., 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 course of past one year, which in turn won him the Finance CEO of the Year Award.
Mr. 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.
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.