Haitham Al Salmi

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E-mail: / Haitham Salim Yousuf Al Salmi
Omani
29/11/1980 Muscat
07076096 - 10/08/2016
Married with 3 sons
P.O. Box 131, P. Code 111 - Central Post Office - Sultanate of Oman
+968 96999000

Experience
General Manager
(1/5/09 to 31/1/2013) / International Financial Services LLC
The job responsibility is to manage the entire operations of the company being a brokerage house licensed by Capital Market Authority to operate in Muscat Securities Market which includebrokerage, advisory & research, customer services and finance & admin. Job Responsibilities include:
(a)Manage and supervise the entire activities and operations of the company.
(b)Develop and implement company business strategies.
(c)Control risks (Operation, financial, legal, IT, etc) associated with the company’s activities and prepare adequate procedures to minimize risks.
(d)Coordinate with market players such as Capital Market Authority, Muscat Securities Market, Brokers Association, Oman Chamber of Commerce and Industries, Ministry of Commerce, etc.
(e)Report to Board of Directors (periodic reports, special reports, etc)
(f)Directly handling Human Resources functions includes: recruiting staff, training, etc.
Compliance Officer
(1/7/08 to 30/4/09) / Shurooq Investment Services Holding Co. SAOG, Sultanate of Oman
Responsible for supervising compliance in 3 companies of the group viz., for Shurooq Investment Services Holding Co. SAOG as a LISTED company and its two subsidiaries, Shurooq Securities and Shurooq Asset Management as entities licensed for security market activities by CMA. The job involves supervising compliance of Capital Market Law, Executive Regulations to the Capital Market Law, various rules and guidelines issued by the CMA as well the requirements prescribed by the Muscat Securities Market.
(a)Continuously and independently, monitor and review the functioning of the entities so as to ensure that all applicable legal and regulatory requirements are complied with.
(b)Identify shortcomings in regulatory compliance and violations (if any) and immediately report to their board of directors and take all remedial actions to minimize chances of recurrence or to control the damage, either directly or through the top management.
(c)Arrange to file the reports and information required by the CMA, promptly and/or within the prescribed time schedule and liaison with CMA officials. This includes disclosure of financial results, information and events, etc.
(d)Confirm and comply with MSM/CMA guidelines and requirements including: listing requirement, CMA Code of Corporate Governance, insider trading rules, etc.
(e)Maintain internal guidelines or operational manuals within the entity for all operations of the licensed entity and ensure that such documents are up-to-date, approved and comprehensively detail each of the functions as they are actually carried out by the entity.
(f)Maintain official records evidencing carrying out of all the above functions in an organized manner.
Acting Director
Department of Licensed Companies
(08/3/06 to 20/10/07) / Capital Market Authority, Sultanate of Oman.
The job responsibility is to supervise a team of financial analysts and financial auditors in carrying out the regulatory responsibilities cast on the department. Significant aspects of supervisory role include:
(a)Strategizing - Creating the work plan for the department, organizing the personnel and systems, delegating responsibility, managing outcomes and appraising performances.
(b)Continuous analysis of the market environment and the players to formulate regulatory policies.Also in order to keep pace with international standards.
(c)Liasioning with other local regulators like the Central Bank of Oman to deal with the areas where regulations overlap and to co-ordinate action in common areas.
(d)Review the current legal framework, systems and procedures of the department on an ongoing basis and make changes to improve efficiency and accuracy and also in keeping with international regulatory practices.
(e)Report to the top management of the CMA on various issues of interest and operational parameters.
(f)Co-ordinate with other departments of CMA regarding matters related to shareholders of SAOG companies, Insurance Companies, Investment Funds etc.
(g)Dealing with legal issues pertaining to the department including incorporation of new entities, prosecution of market intermediaries and other related matters.
Financial Auditor
Department of Licensed Companies
(9/6/03 to 30/6/08) / (a)Issue of licenses to intermediary companies who desire to carry out any of the security related business in Oman including brokerage, asset management, custodianship, investment advisory, investment banking, underwriting etc.
(b)Auditing and inspection of Licensed Companies – 23 entities with wide ranging activities (e.g., FINCORP, GIS, VISION, etc.) including investment banking divisions of BankMuscat, NBO, OIB & OAB.
(c)Examinationof corporate governance practices and compliance with Commercial Companies Law, CMA Law and other relevant rules and regulations.
(d)Analysis of financial results and capital adequacy of Licensed Companies (in every quarter), research on their operational performance and data, suggesting policy measures, market analysis using trading volumes, financial results, future prospects and profitability projections, sector wise analysis and overall market conditions.
(e)Regulatory supervision of mutual funds listed in MSM, review disclosure of offer documents and analyzing their investment objectives, risk factors, portfolio statements and financial results.
(f)Maintaining electronic databases on activities of licensed companies, their directors, key personnel etc.
(g)Resolving complaints of investors against intermediary companies.
Accountant
Finance Department
June 2002 – June 2003 / Joint Virtual Reality Center for Carbonate Studies – SQU & Shell Representative Office Oman
Develop and maintain a book-keeping system in MS Excel to record transactions and prepare financial statements of the Joint Virtual Reality Center for Carbonate Studies.
Accountant
Aug 1998 – Jan 2002 / United Commercial Establishment LLC
Record the daily transactions, prepare monthly banks reconciliations, Up- date fixed assets register, prepare monthly financial statements, verify petty cash weekly, etc.
Board & Committies Membership
(since Apr 2012) / Member of Capital Market Development Committee, committee objective is to review previous studies from international experts and make a full review and comprehensive plan and strategies to developOman’s capital market.
(May 2011 to Jan 2013) / Representing Muscat Securities Market Brokers Association in Federation of Europe & Asia Securities Markets (FEAS) attending annual Task Forces meetings.
(Jan 2010 to Jan 2013) / Member of Investors Protection Fund establishment committee, fund objective is to provide investors with extra cover in case of bankruptcy of brokerage company.
(Oct 2009- April 2012) / Deputy Chairman, Muscat Securities Market Brokers Association, The association is a self-regulatory organization (SRO) where its objective is to ensure the adherence to justice, integrity andefficiency in practicing brokerage business. Board duties includes
(Nov 2009 to Jan 2013) / Member of the Settlement Guarantee Fund, Fund objective is to settle financial liabilities where a Member or more defaults the payment of payable amounts of his transactions and to settle the deficit resulting from sales without balance. Members’ rules include continuous development of the funds governing rules.
(since June 2006) / Instructor for short courses related to CMA & MSM regulations. (Ethics & Code of Conduct, Segregation of Duties – Front & Back office, Investing in MSM, etc.)
Trainings and seminars
Securities Markets related programs: / Attended many training courses and seminars organized by / representing CMA for further development of knowledge and understanding of auditing, financial control, regulatory framework etc. For example:
(a)2012 Korea Capital Market Seminar organized by Korea Financial Investment Association, Korea June 30 to July 7, 2012.
(b)2010 Annual Regional Corporate Governance Conference (Oman – Nov 2010).
(c)The Annual Conference of the Union of Arab Stock Exchanges (Egypt – Dec 2009).
(d)The 20th Edition of the AMERC Meeting – IOSCO (Tunis – Mar 2008).
(e)Clearing & Settlement Workshop organized by Atos Euronext Market Solutions (AEMS) & Muscat Securities Market (Paris - Dec 2007).
(f)DIFC Rules & Regulationsorganized by Dubai International Financial Exchange Ltd (Dubai - Sep 2007).
(g)International Institute for Securities Market Development Program by Securities & Exchange Commission USA (WashingtonDC - April 16-26, 2007).
(h)Broker-Dealer Regulation and Enforcement Program by US. Securities & Exchange Commission (SEC), Bahrain Monetary Agency, Financial Services Volunteer Corps and Bahrain Institute of Banking & Finance (Bahrain - May 2005).
(i)SEC's Internship Program(New York- April 30-May 2, 2007).
(j)World Bank Internship (Washington DC - April 27, 2007).
(k)Official visit & on the job training with Securities & Exchange Board of India for 2 weeks (India - April 2005).
(l)Best Conduct in Financial & Commercial Companies Conference organized by Capital Market Authority and Talal Abu Ghazala Group (20 Dec 2004).
(m)Market Regulations Program by US. Securities & Exchange Commission (SEC), NASD (USA) and Jordan Securities Commission (JSC) (Jordan - Sep 2004).
(n)Security Markets Operations presented by the Arabic Institute of Business Management (Feb 2004).
(o)Program on Capital Markets presented by UTI Institute of Capital Markets (India) (Sep 2003).
Compliance & Auditing related programs: / (p)Internal Auditor Course on ISO 9001:2008 organized by Multinational Quality Consultant (Jan 16, 2013).
(q)CCL Compliance Officer Workshop organized by Capital Market Authority and CCL Ltd (June 2008).
(r)Corporate Fraud Seminar presented by HINIS Europe Limited (Nov 29, 2004).
(s)Oman Commerce Law presented by Al Zahra College (Jan - April 2004).
(t)Auditing Procedures organized by Capital Market Authority (CMA) (Dec 2003).
(u)ICAI Muscat Chapter Seminar organized and presented by Institute of Charted Accountants of India (Dec 2003).
Management related programs: / (v)Leadership, Visions & Strategies Challenges of Implementation and Execution organized by Bank Muscat & Harvard Business School (Dec 2007).
(w)Conducting Effective Performance Reviewsorganized by Modern Gulf Institute & Capital Market Authority (CMA) (Nov 2007).
(x)Preparing and Evaluating Feasibility Studies organized by Oman Chamber of Commerce & Industry (Sep 2003).
(y)Time Management organized by Efficiency Education & Training (March 2008).
Education
Master in Business Administration (MBA), Bedfordshire University (UK), January 2013.
Bachelor of Science Degree in Accounting,College of Commerce & Economics, Sultan Qaboos University, Muscat, Sultanate of Oman, January 2003. Distinction graduate with Cumulative Grade Point Average: 3.54 (out of 4.0)
Professional Certificate in Capital Markets, Regulations and Compliance jointly offered by University of Reading and National Association and Securities Dealers (NASD, USA), June 2006.
Computer skills
Well versed with computers. Very comfortable with standard office automation software (MS Windows & MS Office) in a networked environment. Also using reporting software Business Object XI.
References upon Request

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