Abu Dhabi, UNITED ARAB EMIRATES – Etihad Aviation Group (EAG) Acting Group Treasurer Adam Boukadida has been honoured with the highest individual accolade by the Association of Corporate Treasurers Middle East.
The leading industry body for bankers and
treasurers has named Mr Boukadida Treasury
Professional of the Year, acknowledging his leadership for developing and implementing
new policies and procedures to drive greater cost efficiency across the airline
Etihad Aviation Group is
a diversified global aviation and travel group based in Abu Dhabi, and comprises
five business divisions – Etihad Airways, the national airline of the United
Arab Emirates, Etihad Airways Engineering, Etihad Airport Services, Hala Group
and Airline Equity Partners.
Mr Boukadida, who received the accolade at
the Association of Corporate Treasurers Middle East’s annual awards in Dubai
this week, is responsible for group-wide corporate treasury, as well as
insurance and risk management. In addition, he has overall responsibility for
corporate finance, governance, group taxation, as well as payment and
Ricky Thirion, Etihad Aviation Group Interim
Group Chief Financial Officer, said: “Adam has been a tremendous leader, supporting
the many different business units across Etihad Aviation Group to successfully drive
greater cost efficiency, particularly over the past 12 months during extremely challenging
times for our industry.
“His experience, leadership and innovative
approach are commendable and the fact that his peers within the treasury and banking
community across the Middle East have voted for him as the first recipient of this
individual award demonstrates their confidence in his business acumen and high
standards of professionalism.”
The award recognises an individual who is
considered to have demonstrated excellence in treasury and made an outstanding
contribution to their team, organisation or profession with consistency that has
helped raise the profile of treasury practice in the region.
Over the past 12 months, Mr Boukadida has
spearheaded the completion of a cost-reduction global cash management project
with Citibank and secured a unique USD1.5 billion sukuk transaction, a landmark
debt capital market deal in the aviation sector and Islamic markets – and the
largest of its kind in the Middle East.
He also launched Abu Dhabi’s first
treasury graduate scheme for Emiratis at Etihad Aviation Group, and introduced
new payment and fraud prevention solutions.
Speaking of the accolade, Adam Boukadida
said: “I am honoured to be recognised for this award. Credit goes to my team
that has worked tirelessly to implement the many policies and procedures over
the past 12 months to provide a stronger framework for our business.”
joined Etihad Airways in December 2013 as Deputy Treasurer bringing with him a
wealth of international treasury and finance experience gained in the UK and
the UAE across the banking and FMCG sectors. He was promoted to Acting Group
Treasurer of Etihad Aviation Group earlier this year. Adam holds an Executive
MBA and is also a qualified Treasurer and Management Accountant. A member of
the Middle East Treasurer Committee and the IATA Treasury Working Group, and
sits on the Board of The British School Al Khubairat (BSAK). He is also one of
a few qualified treasurers in the Middle East.