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(Confirmed)
Chief Executive Officer, Sakana Holistic Housing Solutions BSC
R. Lakshmanan is the Chief Executive Officer of Sakana Holistic Housing Solutions BSC (c), Kingdom of Bahrain. His overall responsibilities include overseeing the development and implementation of a full range of real estate solutions and associated multi-level services for individuals and companies. These include property financing, development, management, consulting and brokerage.
Previously, Mr. Lakshmanan held several senior positions with financial institutions and companies across the GCC and India, giving him over 20 years of financial experience. Over that last 10 years, he has gained extensive experience in mortgages across both conventional and Islamic finance, resulting in a diverse knowledge base in all areas of the business.
Coming to the Gulf in 1996, he joined KPMG Bahrain in the audit division and then moved to Alliance Housing Bank in 1998, a public limited company and the first private mortgage institution in Oman. He later moved to Amlak Finance in 2003, the first mortgage finance institution in the UAE, and was involved in its conversion from private to public company through an IPO, and also from a conventional to Islamic provider.
In early 2006, Mr. Lakshmanan became CEO of Sakana, a start-up finance company and the first financial institution in Bahrain to be formed in partnership between an Islamic and conventional bank, being a 50:50 joint venture between Shamil Bank and BBK.
He holds a Masters Degree in Commerce from the University of Chennai, India. He is an Associate member of the Institute of Cost and Works Accountants of India and the Institute of Chartered Accountants of India. He has lectured at professional finance programmes and at seminars and conferences in the GCC and the UK as an expert on mortgage finance.
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