• Board Members

Chairman - Mr. Mohamed Al Ansari
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Mr. Mohammad Al Ansari is a well-recognized business personality in the United Arab Emirates. After finishing his graduation, he went on to pursue higher education in the United States and returned in 1980 to take over the family business.
Under his able leadership and guidance, the company has grown from a 2-branch operation with 20 staff in 1980 to its current state of more than 170 branches with over 2500 employees serving more than 2.5 million customers every month. His leadership has led the company to be the proud recipient of several awards, certifications and recognitions including Dubai Quality Award, Sheikh Khalifa Excellence Award QAC, ISO 9001:2000, Super brands etc.
He has been a member of National Anti Money Laundering Committee since 2001 and takes an active part in spreading the importance of collectively managing this highly important corporate social responsibility. Besides Al Ansari Exchange, he also heads Al Ansari Financial Services and Al Ansari Real Estate. Mr. Al Ansari was Chairman of FERG from 2008 to 2012.

Vice Chairman – Mr. Osama Al Rahma
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Mr. Osama Al Rahma is a Director at Al Fardan Group and the General Manager of Al Fardan Exchange. Mr. Al Rahma is the Chairman of Global Reach Portal Services, a platform for mobile money transfers and payment services under the brand name REACH. He is an active member of the Management Committee of Al Fardan Financial Services.
Mr. Al Rahma is the former Vice Chairman of Dubai Quality Group, a semi-government, non-profit organization and a former Board of Standard of the American Academy of Financial Management (AAFM). Mr. Al Rahma earned his postgraduate degree in Management Studies at the University of Hull, UK and a graduate degree in Electronics Engineering from the University of Bahrain. Mr. Al Rahma is an alumnus of the J.F. Kennedy School of Government’s Executive Program at Harvard University, in Dubai School of Government and also an alumnus at Queen’s University in Canada for an Executive Courses in Strategy and Finance. He has passed several trainings and workshops in Zurich, New York and Frankfurt.
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Treasurer -Mr. Rajiv. Raipancholia
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Rajiv Ashok Raipancholia is the young and dynamic Director of Orient Exchange Co., a family run exchange company operating in the UAE since 1923. After completing B.A (Hons) in International Business - Finance & Economics in 2002 from the University of Manchester, Rajiv completed his post-graduation in Human Resource Management & Industrial Relations from the Manchester Business School in 2005. He honed his business skills by undergoing a brief apprenticeship in the Treasury & Trade Finance Departments of Mashreq Bank Dubai & Citi Bank, Singapore.
Under Rajiv’s leadership, Orient Exchange is foraying into augmenting the remittance business by rapid branch expansion to complement their well-established money exchange business.

Joint Treasurer - Mr. Harish Pawani
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HarishPawani is heading Dubai Exchange Centre LLC, a leading exchange house in Dubai for over 40 years. He is also a Director in Purshottam Kanji Exchange Co. LLC, - having large branch network in Sultanate of Oman. He has degree in Electrical Engineering. Besides, he has interests in bullion trading companies of Purshottam Kanji Group in UAE & Oman. He is the founder member of FERG and is actively associated with it as committee member since its inception. He is a permanent trustee on board of Indian High School and India Club, Dubai. He is also member of the advisory group of on precious metals at DMCC

Secretary – Mr. Adeeb Ahamed
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Mr. Adeeb Ahamed is the CEO of LuLu International Exchange LLC, an emerging remittance and money Exchange Company based out of Abu Dhabi in the UAE and is being operated in countries such as UAE, Oman, Kuwait and India with liaison offices in Bangladesh and Philippines. A Bachelor of Business Administration from Swiss Management School ‘Les Roches’, Bluche, Switzerland, Mr. Adeeb further honed his business acumen after doing an MBA in international Management from Royal Holloway, University of London, UK. He has varied experience in service and hospitality sector.
Apart from being the CEO of LuLu International Exchange, Mr. Adeeb also serves as the Director of Tablez - The Food Company and Jai Hind Communications private Ltd. Under Adeeb’s efficient leadership, LuLu International Exchange has now become a global brand and a preferred and most sought out choice in financial services due to its high standards in customer satisfaction and compliance.
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Advisory Board Member -AMr. Y. Sudhir Kumar Shetty
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Y.Sudhir Kumar Shetty is the Chief Operating Officer - Global Operations of UAE Exchange, the leading global remittance and foreign exchange. A veteran in remittance industry,Sudhir Shetty has been leading UAE Exchange, since 1991. During these 21 years his charismatic leadership, technological know-how and operational expertise transformed UAE Exchange into a truly global brand. Under the enigmatic leadership of Sudhir Shetty, UAE Exchange has always pioneered in setting new standards in the industry with diversified product and service offerings, customer service excellence and emergent technologies.
Sudhir Shetty completed his Bachelor’s degree in Law and Commerce from the University of Mysore and also completed his Chartered Accountancy in Mangalore. In 1990 Sudhir Shetty joined as Internal Auditor for UAE Exchange and, within a year, was elevated to the helm of UAE Exchange. Sudhir Shetty is known for his multifaceted personality encompassing leadership, business, social work & philanthropic activities, promotion of culture, education, sports and above all for his love for his motherland, which he serves through every role he adorns.