EY has brought in Amol Bahuguna as a director in its Mena financial services practice, as the consultancy giant eyes a “strategic expansion” of its trade finance and transaction banking offering in the region.
Based in the UAE, Bahuguna joins EY after four years at Riyadh Bank, where he co-headed its transaction banking franchise with a focus on trade and supply chain finance, as well as corporate lending.
In a banking career spanning 20 years, Bahuguna also held cash management and transaction banking roles at Commercial Bank of Dubai and Abu Dhabi Commercial Bank, and previously had spells at Union National Bank in the UAE, and HSBC and ICICI Bank in India.
At EY, Bahuguna is responsible for transaction banking transformation across the Mena region, covering trade finance, supply chain finance, cash management and liquidity, as well as digital corporate channels, the company told GTR.
His role focuses on advising financial institutions, including by redesigning operating models, building out product capability and optimising balance sheets. The appointment forms part of wider efforts to scale EY’s dedicated transaction banking offering in the region.
“With infrastructure expansion, cross-border flows, supply chain digitisation and regulatory shifts in Saudi Arabia and the wider Gulf Cooperation Council, the role sits at the intersection of regulatory change, digital enablement and revenue resilience in transaction banking, with trade and working capital seen as central to bank profitability,” the company said.
