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UAE Exchange COO's quote for 43rd UAE National Day

Monday, 01 December 2014
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Abu Dhabi:┬á"Strong resolve to overcome any challenge, keeps one head and shoulder above every issue. As a nation, UAE has always nurtured that resolve and achieved unparalleled success in 43 years. The strong vision of the leaders of the country has made it happen. The strong values that they have instilled, across the fabric of the nation, have a vital role to play in the astounding progress managed by the nation. The opportunities offered to millions of residents and the measures initiated for everyoneÔÇÖs welfare are examples of the large-heartedness of the country and its visionary leaders. With business sphere brightening up across the country and initiatives like Expo2020 promising progress, we are sure that UAE will play a major role in the global economy in the times to come. As a brand, which was born in the UAE and grown globally, UAE Exchange thanks the nation and its residents for patronizing us and giving us opportunity to contribute to the economy here. On behalf of UAEExchange, we align ourselves to the vision of the UAE Government and wish the country, a happy and prosperous future" - Y. Sudhir Kumar Shetty, COO ÔÇö Global Operations, UAE Exchange.

Y Sudhir Kumar Shetty, COO ÔÇö Global Operations, UAE ExchangeY Sudhir Kumar Shetty, COO ÔÇö Global Operations, UAE Exchange

A veteran with significant insights and cutting-edge knowledge on the global remittance industry, Y. Sudhir Kumar Shetty, the Chief Operating Officer - Global Operations of the UAE Exchange is acclaimed for his charisma, expertise, technical know-how and operational excellence.

At the helm of one of the worldÔÇÖs largest and diversified remittance companies with footprints across 30 countries and a registered customer base of 4 million, Mr. Shetty is the driving force behind making the UAE Exchange a global brand with over 650 brick and mortar branches across five continents and partnerships with over 150 banks across the globe. It is┬á ShettyÔÇÖs foresight and proactive leadership that has made UAE Exchange the worldÔÇÖs most trusted money remittance leader.

He also heads the instant money subsidiary brand of UAE Exchange, Xpress Money, which has grown by leaps and bounds with a global network spanning 170,000 agent locations across more than 150 countries.

As an industry leader,  Shetty has been instrumental in bringing about milestone changes in the remittance industry across regulatory innovations and service standards. He has helped set new benchmarks for the industry in product innovation, technological superiority and accountability. A Bachelor in Law and Commerce from the University of Mysore and a professional Chartered Accountant with thorough experience in financial management, Shetty is known for his multifaceted and amiable personality. He joined the UAEExchange as an internal auditor in 1990 and rose through the ranks to become the leader he is today overseeing the multinational remittance behemoth with 8,000 employees across 40 nationalities.

Outside his corporate responsibilities, Shetty spends considerable time on social and philanthropic activities as well as promotion of culture, education, sports, to mention a few. He also dabbled in cinema in 2012 by donning a crucial role in a period documentary ÔÇöTravancore: A Saga of Excellence - on one of the erstwhile royal kingdoms of the southern state of Kerala, India. He is also a founder member of the Indian Institute of Chartered Accountants and Toastmasters and continues to be associated with various business councils in India and the UAE. In 2000, he successfully completed the Key Executive Program at Harvard Business School. As a well known public figure, Shetty also delivers lectures at academic and business circles around the world.


- Member - National Anti-Money Laundering Committee, Central Bank of the UAE
- Treasurer of Foreign Exchange & Remittance Group (FERG), UAE
- Has been elected as the President of the prestigious India Social & Cultural Centre (ISC),
- Abu Dhabi in 2009
- Member of
    * Indian Business & Professional Group (IBPG), UAE
    *American Business Group (ABG), UAE
    *Australian Business Group (AusBG), UAE
    *Philippine Business Council (PBC), UAE
    *Swiss Business Council (SBC), UAE
- Advisory Board  member of
    *St. JosephÔÇÖs School, Abu Dhabi, UAE
    *Abu Dhabi Indian School, Abu Dhabi, UAE
    *Innovative Development Centre for Educational Aptitude (IDEA)
    *Science India Forum (SIF)
    *University of Wollongong Dubai (UOWD)
    *Elected as a Member of Zayed Cricket Academy, SchoolÔÇÖs Cricket Development Board (under Abu Dhabi Cricket Council)

Y Sudhir Kumar Shetty - UAE ExchangeY Sudhir Kumar Shetty has been honoured by various institutions over the years. He has also been instrumental in UAE Exchange winning kudos for its excellence. These awards and recognitions include:

- Banker Middle East Product Award
- Dubai Quality Award
- Dubai Service Excellence Scheme Award
- The Sheikh Khalifa Excellence Award
- Sheikh Mohammed Bin Rashid Al Maktoum Business Award
- Dubai Human Development Appreciation Programme
- Best Partner by Emirates National Development Programme
- Dubai Service Excellence Scheme Award
- UAE Emiratisation Award
- Deutsche Bank STP Excellence Award
- Customer Service Week Star Award
- ISO 9001, 14001 & 27001 certification
- Superbrand Status for 2009, 2010, 2011 and 2012

Other Awards:

- Vishwamaanya AwardÔÇÖ on the 9th Vishwa Kannada Samskruthi Sammelana 2012 (World Kannada Cultural Convention) held on 14th and 15th of December 2012 at Abu Dhabi Indian School, declaring him as the most recognised person globally.
- ÔÇÿGlobal Personality AwardÔÇÖ presented by the Chief Minister of Kerala in Thiruvananthapuram in May, 2012
- ÔÇÿAkshaya Global AwardÔÇÖ presented by the Minister of Kerala, Dr. Muneer, in December, 2011
- RAKKEA Award for Commendable Contribution to Indian Society by Crown Prince of Ras Al Khaimah in 2009