Lord Daniel Brennan Q.C, Chairman
Lord Daniel Brennan is a director of NewBank Investments PLC, a newly created project to establish a National Retail Bank in the UK. He is Chairman and a Director of Juridica Investment Ltd an AIM listed company, investing principally in the US. He is Vice-Chairman and Director of AJ Prospect Ltd. A Cyprus company involved in provision of consumer debt services in Russia. He is the past Chairman of the Caux Round Table on business ethics. He has a particular interest in corporate governance, corporate responsibility and risk management. He has extensive international business, legal and political experience connections.
Pankaj Joshi, Managing Director & CEO
Pankaj Joshi is a Mechanical Engineer and MBA (Finance) and is the founder member of OMEGA Business Solutions. He started his career with Acker Kvaverner Powergas India in area of Project Management, Engineering Design and Commissioning in field of chemical/ petro-chemicals. He then joined Export Import Bank of India, managing the Indian participation in projects funded by the World Bank, EBRD and ADB. While in Exim India, he gained experience in Trade Finance, International Project Financing, Co-financing, JV Financing etc. Pankaj was then deputed to Johannesburg for period of 3 years to head the African operations of the Bank and was active in extending tied Lines of Credit to Regional Banks and Developmental Finance Institutions also in financing Indian joint ventures in Africa. Pankaj joined OVAG International AG, a Swiss company engaged in International debt recovery as a Vice President, reporting to the Board, responsible for Central Europe, Africa and South Asia. Since 2003, Pankaj has developed a professional debt collection organization that caters to servicing client portfolios in space of International Trade, Telecom and Banking. Pankaj has over 10 years experience in domestic debt recovery and has pioneered International debt collection in India on behalf of Indian exporters. Pankaj has experience in portfolio purchase and servicing supported by collection software developed in house.
Riaz Thingna, Independent Director
Riaz Thingna is Chartered Accountant from the Institute of Chartered Accountant of India. His expertise includes Tax compliance and advisory services to corporate clients; Business consultancy services including business structuring, planning strategic thinking and profit maximizing; Advisory services in respect of exchange control regulations and extensive services in legal documentation, venture deeds etc. He has worked at senior positions with Price Waterhouse, Spie-Capag SA and is the founding partner of Thingna & Contractor (TNC), a highly reputed Chartered Accountancy Firm. Riaz is also on Board of Munich Re and several other foreign companies. TNC is active in audits for various multinational Banks.
Manish Desai, Director
Manish Desai is a lawyer by profession and the founding partner of the highly reputed Vidhii Partners in Mumbai and Bangalore. Manish is an expert in litigation in the space of Corporate Law and Recovery of dues for Banks and is much respected in that field. As Masters in Law, Manish and his team is very active in DRT, DRAT, High Court and Labour Courts. Manish has special interests in Securitisation, Asset Reconstruction, structuring of retail debt purchase transactions and advises various Banks and ARCs on matters of portfolio sale, legal due diligence and legal compliance. Manish is Director on Board representing the Promoter Group.
Arvind Sonmale
Arvind Sonmale is a career Banker having been in the industry for over 34 years. Arvind Sonmale started his Banking career with the State Bank of India and in 1984 joined Export-Import Bank of India (Exim Bank) and over the next 20 years, his work responsibilities took him through various areas including Trade Finance, Project Finance, Forex Operations, Corporate Finance, Regional Office Head, Overseeing of Overseas Offices, and new initiatives which included being a point person in bringing Forfaiting to India. He was the key person coordinating the start-up of a Joint Venture spawned by Exim Bank, Global Trade Finance Ltd (GTF) which catered to Factoring requirements of Indian SMEs. Arvind Sonmale took over as Managing Director and CEO of Global Trade Finance Ltd.in December 2004 and by 2008,transformed it to one of India's leading Factoring companies with a whopping 86% share in International Factoring. GTF won the first prize in Marketing in 2006 awarded by Factors Chain International (FCI) amongst it's over 200 members spread over 60 countries. During his tenure he has been on managing councils of Industry Associations such as CII, IMC, and Indo-Italian Chamber of Commerce etc. Arvind Sonmale has been the Chairman of Factors Association of India and a speaker at seminars/conferences organised by Euro money, Exporta, Marcus Evans. Mr Sonmale's association with GTF ended in April 2010. He is co-authoring a book on Factoring scheduled to be published in September 2010. Mr. Sonmale is a Shareholder of Omega Business Solutions.
Storm Credit Holdings Ltd, Cyprus
Storm Credit Holdings Ltd, Cyprus is a Distressed Asset Fund, active in investing in NPA portfolios in Europe and Russia. Storm also co-invests with various banks and other funds in distressed assets with focus on consumer/retail portfolios. Storm has shareholding as an investor in OMEGA business solutions.