Emirates Development Bank (EDB)
Ajith Thomas is a seasoned finance professional with extensive experience in project finance and structured finance across various prominent financial institutions. Currently serving as a Senior Banker at Emirates Development Bank since January 2022, Ajith previously held the position of Senior Consultant at First Abu Dhabi Bank, focusing on the IBOR Transition Project. Prior roles at First Abu Dhabi Bank include Executive Director of Loan Capital Markets, where Ajith led the origination and execution of significant finance transactions. At the National Bank of Abu Dhabi, Ajith operated as Executive Director of Global Project & Structured Finance, managing multiple debt transactions and previously serving as a Senior Manager. Early career highlights include roles at Maaden in project finance, advisory services at Islay Business Management, and various positions at ICICI Bank, as well as initial experience at Tata Consultancy Services and Mukand Ltd. Ajith holds a Master of Management Studies in Finance from SVKM's Narsee Monjee Institute of Management Studies and a Bachelor of Engineering in Metallurgical Engineering from the National Institute of Technology Karnataka.
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Emirates Development Bank (EDB)
Emirates Development Bank (EDB) is the UAE’s development bank, a key financial engine for the economic development and industrial advancement of the nation. Our mission is to foster a healthy, sustainable, and self-reliant economy through the provision of financing solutions to SMEs and corporates domiciled in the UAE and engaged in any of our five strategic priority sectors. These include advanced technology, food security, healthcare, manufacturing and renewables. Given its developmental mandate, the Bank is not-for-profit, offering patient capital and favourable financing terms to our clients. EDB provides direct financing solutions to all clients and also indirect financing solutions to SMEs through guarantees to our commercial banking partners. We go one step further by fostering the UAE entrepreneurship ecosystem with our unique digital banking product suite tailored to start-ups and also non-financial education and mentoring programmes aimed at advancing creditworthiness and financial literacy. As the UAE’s development bank, EDB seeks to attract and retain the best talent through a supportive culture and continuous professional development opportunities. The Bank’s employees are united by the shared commitment to develop the UAE economy, a goal which is embedded in every aspect of their work and fills them with a sense of pride. Emirates Development Bank’s vision is to be a key financial engine dedicated to the economic development and industrial advancement of the UAE.