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Sanjay Rughani, Chief Executive Officer, Standard Chartered Bank Tanzania.
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Mr. Rughani, who becomes the first Tanzanian and leader from the continent to be appointed to the helm of the PAIBC, will hold the post for an initial term of three-years.
According to a statement issued by the Bank, the International Federation of Accountants, IFAC, is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It comprises of more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.
Founded in October, 1977, the IFAC organization seeks to achieve three strategic objectives which include speaking out and engaging as the voice for the global profession, leading and developing a future-ready profession; and promoting the development, adoption and implementation of high-quality international standards for accountants.
To enable the IFAC organization perform its duties and meet its targets, the Professional Accountants in Business Committee, PAIBC, which is an Advisory Group of professional accountants with extensive and diverse experiences, was started.
The PAIBC considers key global trends in the context of the issues facing Chief Financial Officers and Finance Functions, as well as Boards and their Audit Committees.
Having been nominated to the Committee in 2015 through the Association of Chartered Certified Accountants, ACCA, Mr. Rughani’s contribution to the Committee has been significant ranging from challenging the status quo of the Accounting profession and creating awareness on the future of Accounting. Mr. Rughani also mentors and coaches a number of young accountants and encourages the ‘Girl Child’ to study Accounting.
On appointment of Mr. Rughani, IFAC’s CEO, Kevin Dancey, thanked Mr. Rughani for having agreed to lead the PAIBC which is a very critical forum to drive the profession forward. “Sanjay is a globally-respected leader, and an asset to the global accountancy profession. In his role as Committee Chair, he will lead discussions on the role of accounting and finance professionals in today’s rapidly evolving world. With his leadership, the PAIBC will continue to provide guidance, best practices, and new thinking to help accountants navigate challenges and identify emerging opportunities in their diverse roles within organizations.” Mr. Dancey said.
CPA Pius A. Maneno, the Executive Director of the National Board of Accountants and Auditors Tanzania (NBAA), congratulated CPA Rughani on the appointment citing it a great mark of respect not only for Tanzania but for the whole Africa Region.
“CPA Rughani is the first Tanzanian to have been nominated to lead the PAIBC from the time that it was introduced in 1977. This is a great mark of respect for him, and the country, and I congratulate CPA Rughani, who is also a member of NBAA, on his appointment. I have personally worked closely with him and I admire his passion for the profession. He has always championed the cause of elevating accountants to become better business and financial leaders, strategic partners and advisors to create sustainable value. CPA Maneno said.
On his part Mr. Rughani thanked the CEO of IFAC, Mr. Dancey, and the rest of IFAC’s Leadership Team including members of the committee for having entrusted him to steer the Advisory Group.
“I thank the IFAC Leadership for having appointed me to be the Chair of the PAIBC. I am indeed grateful for the opportunity to play a role to lead the committee which makes significant contributions to sustain and elevate one of the world’s truly honorable profession. Accounting is my passion, I take pride in being able to contribute to this global profession which is bound by a firm commitment of professional standards and ethics.
As is the case for many other professions, accountancy is also seeking more significant relevance and ability to meet the expectations of our stakeholders in an ever-changing world. I am confident that through IFAC and the advisory group we will continue to exploit opportunities and collaboratively confront the challenges that continue to come our way”. Mr. Rughani said.
Last year Mr. Rughani was awarded and named the Best Leader – Banking, Tanzania 2019 for Global Brand Awards 2019. The Award, which was under the Leadership Awards Category, aimed to acknowledge Key Players who strive for Fineness and reward their performance with the ultimate Global Recognition.
For more information or interview opportunities, please contact:
Juanita Mramba
Corporate Affairs and Brand Marketing
+255 767 393 992
juanita.mramba@sc.com
Standard Chartered
We are a leading international banking group, with a presence in more than 60 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
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Standard Chartered Tanzania
Standard Chartered Tanzania Limited first opened its doors to the public in Tanzania in 1917 and, following a period of nationalisation, re-opened again in 1993 as the first foreign bank to obtain a licence under the economic reform programme. We now have four branches - in Dar es Salaam, Mwanza and Arusha. Our Head Office is located at International House Property, Corner Shaaban Robert / Garden Avenue, Dar es Salaam.
The Bank aims to offer its customers innovative products and excellent service, which compete with the best in the world. Independent market surveys have shown Standard Chartered Bank Tanzania to have the best service, and to be the most innovative bank in Tanzania.
In May 2014, Standard Chartered Bank Tanzania won an award for the Best Internet Bank in Tanzania for its excellent online banking platform. In November, 2015, Standard Chartered Tanzania was awarded the prestigious ‘Bank of the Year’ award at The Banker Awards 2015. That was the eighth time that the Bank was winning the award, thus being a testimony of our commitment to serve our clients in Tanzania consistently over so many years.
In May 2016, Standard Chartered Tanzania was awarded the prestigious ‘Best in Customer Service’ award by The Banker, Africa.
In 2018, the Bank won the 2018 Bank of the Year Award by the Banker, Financial Times, for the ninth time. Regarded as ‘The Oscars of the Banking Industry’, the Banker Award is handed out to only one bank in every participating country.
Last year the Bank was awarded the Best Custodian of the Year Award by the Dar es Salaam Stock Exchange and also won the “Employer Brand” Award by the Association of Tanzania Employers, ATE, that recognizes organisations’ distinctive positioning and attractive employer brands. The Bank is enthusiastic about the country and is committed to supporting economic growth through its various banking products and services as well as its corporate social responsibility agenda.
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