NereidaMccurdy5: added new pg - done

2026-03-25T18:59:03Z

added new pg - done

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{{Short description|India banker}}
{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=October 2018}}
{{Infobox person
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| name = Rajeev Kakar
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| education = Master of Business Administration and Bachelor of Technology (B.Tech, Mechanical Engineering)
| alma_mater = [[IIM Ahmedabad]] [[IIT Delhi]] [[St. Columba's School, Delhi|St. Columba's School]]
| occupation = [[Banker]]
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| organization = Eurobank Ergasias SA (2018 - Present) 
Gulf International Bank (2018 - Present) 
Fullerton Financial Holdings (2006-2017) Dunia Finance LLC (2006-2018) [[Citibank N.A.]] (1987-2006)<ref>{{cite web |url=http://ae.linkedin.com/in/rajeevkakar |title=Rajeev Kakar - LinkedIn |website=ae.linkedin.com |access-date=22 May 2022 |archive-url=https://web.archive.org/web/20100123051559/http://ae.linkedin.com/in/rajeevkakar |archive-date=23 January 2010 |url-status=dead}} {{better source needed|date=May 2024}}</ref>
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'''Rajeev Kakar''' is an Indian banker, serial business founder and entrepreneur. He currently serves as an Independent Non-Executive Director at [[Commercial International Bank]], Egypt; [[Gulf International Bank]], Bahrain<ref name=linked/> and KSA; [[Eurobank Ergasias|Eurobank Ergasias SA, Greece]] and [[Satin Creditcare Network Limited|Satin Creditcare Network]], India (where he is a nominee of the [[Asian Development Bank]], Manila). He also serves, since 2009, as a member of the Global Advisory Board of the prestigious [[University of Chicago Booth School of Business|University of Chicago, Booth School of Business]], and also as a Member of the Industry Advisory Board of the [[S P Jain School of Global Management|SP Jain School of Global Management]] since 2011. As a board member at Eurobank, Rajeev also serves as the chairman of the Board Remuneration Committee and Vice Chairman of the Board Risk Committee.

With over three decades of experience in the banking industry, Rajeev has worked and lived as both a Fullerton Financial Holdings and [[Citibank]] international expatriate officer in several global markets, especially in the high-growth, emerging [[CEEMEA]] and [[Asia-Pacific|ASIA-PACIFIC]] countries, based out of [[India]], [[Egypt]], [[Turkey]], [[United Arab Emirates|UAE]] and [[Singapore]]. In these roles, Rajeev has operated large banks and financial institutions, successfully realigned banking businesses, executed multi-country business strategies, led acquisitions and transformations, and has been a founder of multiple green-field financial services businesses and institutions. He continues to also actively serve on several prominent boards.

==Professional life==
In recent years, between January 2006 and August 2018, Rajeev was one of the five Global Management Founders and a Founder Global Management Board Member of Fullerton Financial Holdings (Fullerton), a 100% subsidiary of [[Temasek Holdings]], both headquartered in [[Singapore]]. In this global Fullerton role, he served as the Executive Vice-president and Regional CEO for the [[CEEMEA]] region for the Global Fullerton group, and concurrently also headed Fullerton's Consumer Banking businesses globally. In 2008, Kakar also simultaneously founded Dunia Finance<ref>[https://web.archive.org/web/20081008093423/http://www.dunia.ae/ Dunia Finance]</ref> in the UAE, a strategic joint venture financial institution between Fullerton Financial Holdings and [[Mubadala Investment Company]], and served as its Founder Managing Director & CEO until July 2018. Prior to his role at Fullerton, between 1987 - 2006, Kakar worked at [[Citibank]] in various senior roles for almost two decades across several different countries between 1987 and 2006. In his last Citibank role, Kakar served as the Regional CEO & Division Executive for Citi's then fast growing Turkey, Middle East & Africa (TMEA) region, until January 2006.

Between September 2003 and January 2006, he was the Regional Head & CEO for [[Citibank]], managing Citi's Turkey, Middle East and Africa region (TMEA) region, based out of [[Dubai]], [[United Arab Emirates|UAE]]. Earlier, between 2002 - 2003, Rajeev was Citibank's CEO for the Turkey & Egypt cluster, based out of [[Istanbul]], and led an important strategic business turnaround for Citibank's business in Turkey.{{citation needed|date=July 2021}} Prior to that, in 2000, he was the CEO for Citibank in Egypt, based out of [[Cairo]], where he launched Citibank's consumer bank, which was the first full function Consumer Banking offering in the Egyptian market. This was recognized for fastest break-even in Citigroup's history.

Between 1996 - 2000, in [[India]], Rajeev was the Business CEO for Citibank's Auto Finance business and, in this role based out of New Delhi, he also founded Citicorp Maruti Finance Limited, a new green-field joint venture captive finance company between Citigroup & the Car manufacturer [[Suzuki]] ([[Maruti Suzuki|Maruti]]) as strategic investors. He additionally ran this Non Bank Finance Company as the Founder Managing Director and CEO, till 2000, acquiring the highest share of the market at that time. Prior to this role, between 1993 and 1996, based first out of Mumbai and then Chennai, Rajeev was the marketing director for [[Citibank India]] for both its domestic businesses as well as Citibank India's Non-Resident Indian Banking Business operating across the world out of over 20 centers, covering NRI customers in 145 countries. Between 1987 and 1993, Rajeev held various other senior roles at Citibank in India.

==Honors and awards==
* ''[[Forbes]]'' Middle East's Top Indian Leader in the UAE 2015 <ref>{{Cite web |url=http://www.forbesmiddleeast.com/en/lists/people/pid/84147/page/3/ |title=Rajeev Kakar - Top Indian Leaders in the Arab World 2015: Executive Management - Forbes Middle East |access-date=7 May 2015 |archive-date=18 May 2015 |archive-url=https://web.archive.org/web/20150518111928/http://www.forbesmiddleeast.com/en/lists/people/pid/84147/page/3/ |url-status=dead }}</ref>
* ''Forbes'' Middle East's Top Indian Leader in the UAE 2014 <ref name="forbesmiddleeasteditorial1">{{cite web|url=http://www.forbesmiddleeast.com/en/lists/people/pname/rajeev-kakar/pid/10368|title=# 17 - Rajeev Kakar - Top Indian Leaders in The Arab World 2014 : Top CEOs - Forbes Middle East|author=Forbes MiddleEast Editorial|work=forbesmiddleeast.com/en/}}</ref>
* ''Forbes'' Middle East's Top CEOs in the Arab World 2014<ref name="forbesmiddleeasteditorial1"/>
* ''Forbes'' Middle East's Top Indian Leader in the UAE 2013<ref>{{cite web|url=https://www.thenationalnews.com/business/forbes-names-uae-s-top-indian-business-leaders-1.565572|title=Rajeev Kakar, Managing Director & CEO, ranked amongst top Indian leaders in the UAE by Forbes Middle East|last=|first=|date=27 June 2013|work=The National|access-date=}}</ref>
* ''[[Arabian Business]]''' GCC Power List India Top 100 2013 <ref>{{cite news|url=http://www.arabianbusiness.com/100-most-powerful-indians-in-gcc-521628.html?page=2|title=100 most powerful Indians in the GCC|work=Arabian Business}}</ref>
* [[ITP Publishing Group]]'s ITP Masala! Awards 2013, "CEO of the Year" Award <ref>{{cite news|url=http://www.masala.com/photos/masala-awards-2013-the-winners-on-stage-147191.html|title=Bollywood Megastar of the Year: Asin, award presented by Pan Home Furnishings - Masala! Awards 2013 Winners|work=Masala! - Bollywood Gossip News, Indian Celebrities and Pictures|date=29 November 2013 }}</ref>
* ''Arabian Business''' GCC Power List India Top 100 2012 <ref>{{cite news|url=https://www.arabianbusiness.com/100-most-powerful-indians-in-gulf-475970.html|title=Rajeev Kakar featured in 100 most powerful Indians in the Gulf annual list by Arabian Business|last=|first=|date=|work=Arabian Business|access-date=}}</ref>
* ''Arabian Business''' GCC Power List India Top 100 2011 <ref>{{cite news|url=http://www.arabianbusiness.com/indian-power-list-2011-425040.html?view=profile&itemid=425166#.VGm8tfmUd1Y|title=Indian Power List 2011|work=Arabian Business}}</ref>
* ''Arabian Business''' GCC Power List India Top 100 2010 <ref>{{cite web|url=https://www.arabianbusiness.com/indian-power-list-2010|title=dunia - Rajeev Kakar, dunia CEO, in the Top 100 'GCC Power List India 2010'|last=|first=|date=|work=Arabian Business|access-date=}}</ref>
* ITP Publishing Group's ITP CEO of the Year for Financial Services Middle East 2009.<ref>{{cite web|url=https://www.linkedin.com/RajeevKakar|title=Rajeev Kakar awarded CEO of the Year 2009|work=.linkedin.com}} {{better source needed|date=May 2024}}</ref>

==Education==
Kakar completed a Masters of Business Administration (MBA) in Finance and Marketing from the [[Indian Institute of Management Ahmedabad]]. He also received his Bachelor of Technology in Mechanical Engineering from the [[Indian Institute of Technology Delhi]].<ref>{{Cite web |url=http://alumni.iimahd.ernet.in/users/featured_alumni |title=Archived copy |access-date=3 May 2015 |archive-date=4 May 2015 |archive-url=https://web.archive.org/web/20150504001150/http://alumni.iimahd.ernet.in/users/featured_alumni |url-status=dead }}</ref>

Kakar was born and raised in [[Delhi]], India, where he attended [[St. Columba's School, Delhi]] from 1970 to 1980.

==Board Positions and Affiliations==
*[[Gulf International Bank]], Bahrain, Independent Non-Executive Director (2018–present), Member of Board Executive Committee, Board Risk committee & Board Audit Committee<ref>{{Cite web|url=https://www.gib.com/en/board-directors|title=Board of Directors {{!}} Gulf International Bank|website=www.gib.com|language=en|access-date=2018-10-16}}</ref>
*[[Gulf International Bank]], Kingdom of Saudi Arabia, Independent Non-Executive Director (2019–present), Member of Board Executive Committee & Board Risk Committee
*[[Commercial International Bank]], Egypt, Independent Non - Executive Director (2019–present), Member of Board Risk Committee and Board Operations and Technology Committee<ref>{{Cite web|url=https://www.cibeg.com/English/News/Pages/Change-in-CIB%27s-Board-of-Directors.aspx|title=Board of Directors, CIB Egypt|last=|first=|date=|website=|access-date=}}</ref>
*[[Eurobank Ergasias]] SA, Greece, Independent Non-Executive Director, Chairman -Remuneration Committee, Vice Chairman Risk Committee (2018–present)<ref>{{Cite web|url=https://www.eurobank.gr/en/group/about-eurobank/corporate-governance/board-of-directors/the-bod-members|title=Board Members|website=www.eurobank.gr|language=en|access-date=2018-10-16}}</ref>
*[[Asian Development Bank]], Nominee on the Board of Satin Credit Care (2019–present)
*Fullerton Financial Holdings (FFH), [[Singapore]] - Member of the Global Management Board (2006 – 2017)<ref name=linked>{{cite web|url=https://linkedin.com/in/rajeevkakar|title=Rajeev Kakar - Fullerton Financial Holdings|work=linkedin.com}} {{verify source|date=September 2019|reason=This ref was deleted Special:Diff/870180061 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/869335637 cite #1 - verify the cite is accurate and delete this template. [[User:GreenC bot/Job 18]]}} {{better source needed|date=May 2024}}</ref>
* Dunia Finance, UAE - Founder Managing Director & CEO, Member of Board Risk Committee and Rem & Nom Committee (2008 – 2018)
* Dunia Services, UAE - Founder Managing Director & CEO on the Board (2012 – 2018)
* Fullerton India Credit Corporation, India - Member of Board, Board Risk Committee and Audit Committee (2009 – 2017)
* [[University of Chicago Booth School of Business]] - Member of the Global Advisory Board (2009 – present)<ref name="chicagobooth.edu">{{cite web|url=http://www.chicagobooth.edu/about/leadership/global-advisory-board/emea|title=Europe, Middle East, and Africa Cabinet|website=The University of Chicago Booth School of Business|accessdate=26 May 2018}}</ref>
* Association of Executive Search Consultants (AESC), USA - Member of Global Advisory Board (2012 – 2016)<ref>{{cite web|url=https://members.aesc.org/eweb/?WebCode=GlobalAdvisoryBoard|title=Global Advisory Board - Association of Executive Search Consultants|work=aesc.org}}</ref>
* [[S P Jain School of Global Management]], UAE – Member of the Industry Advisory Board (2011 – present)<ref>{{cite web|url=http://www.spjain.org/industry_advisory_board-dubai-board.aspx|title=Leadership - SP Jain School of Global Management|first=SP Jain School of Global|last=Management|website=www.spjain.org|accessdate=26 May 2018}}</ref>
* [[Indian Institutes of Management]] (PAN IIM Board), GCC - Member of the Board (2011 – present)
* [[Great Lakes Institute of Management]] – Member of Business Advisory Council (2012 – present)
* [[Visa International]] - Member on the CEMEA Board (2004 - 2006)<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=100472147&privcapId=48892176|title=Rajeev Kakar: Executive Profile & Biography - Businessweek|work=Businessweek.com}}</ref>
* Mekong Development Bank, Vietnam - Member of Steering Committee (2010 - 2014)
* Adira Dinamika Multi Finance Tbk, Indonesia (subsidiary of [[Bank Danamon]]) - Member of Board of Commissioners; Member of Board Risk and Board Audit Committees (2010 - 2013)
*[[Citibank United Arab Emirates|Citibank]] A. Ş, Turkey - Founding Board Member (2003 - 2004)<ref>{{cite web|url=http://www1.citibank.com.tr/homepage/other/about/tr/anas.htm|title=Citibank Turkey|work=citibank.com.tr}}</ref>
* Özel Sektör Gönüllüleri Derneği Yönetim Kurulu, Turkey - Board President (2002–2004)
* Citicorp Maruti Finance Ltd., India - Founder Managing Director & CEO (1997–2000)<ref name="bloomberg.com"/>

==Personal life==
Based in Dubai, Rajeev is married to Nidhi, with whom he has two daughters.<ref>http://topgunsworld.com/video12.html Rajeev Kakar's Interview in Top Guns</ref>

==References==
{{reflist}}

==External links==
*[https://www.entrepreneur.com/amphtml/251101 Follow The Leader: Rajeev Kakar, Managing Director and CEO, Dunia Finance]
*[https://www.stantonchase.com/stanton-chase-announces-eurobank-board-of-directors-placement/ Stanton Chase announces Eurobank Board of Directors placement]
*[https://www.pressreader.com/uae/khaleej-times/20190207/282454235238304 We live in a world of uncertainty. Khaleej Times. February 7, 2019]

{{DEFAULTSORT:Kakar, Rajeev}}
[[Category:Living people]]
[[Category:Indian Institute of Management Ahmedabad]]
[[Category:IIT Delhi]]
[[Category:Year of birth missing (living people)]]

Rajeev Kakar - Revision history

NereidaMccurdy5: added new pg - done