About Andrew Cunningham

Andrew Cunningham advises clients on corporate governance, bank risk and performance, and international financial regulation, and he has a particular focus on Middle East and Shari’a-compliant financial markets.

Photo aAndrew is the Founder and Director of Darien Analytics Ltd (UK registered company number 08840371) and trades as Darien Middle East when conducting business in the Middle East and in some other areas.

As a consultant to the International Finance Corporation (IFC), Andrew is part of teams that conduct corporate governance assessments of banks and companies in the Middle East. (He has conducted 14 such assessments over the last five years.) He has also designed and delivered corporate governance training programmes for IFC clients and taught modules of the IFC’s Director’s Training Programmes in Jordan and Lebanon.

In 2016, Darien Analytics successfully bid for a contract with DEG, the German development finance bank, to consult and advise on DEG’s newly-established corporate governance programme. He has conducted assessments of two Bangladeshi companies in which DEG is an investor, and has prepared a corporate governance action plan for a North African company in which DEG and its partners are investing.

Andrew Cunningham has been compiling Global Finance Magazine’s rankings of the world’s safest banks for the last seven years.
Video Courtesy of Global Finance Magazine (www.gfmag.com).

Andrew partnered with the Global Association of Risk Professionals (GARP) to bid for and win multi-year contracts to train staff at the European Bank for Reconstruction and Development (‘Bank Credit Analysis’) and the European Investment Bank (‘Bank Analysis’ and ‘Advanced Bank Analysis’). In late 2017, he was commission by the European Bank for Reconstruction and Development to design and teach a new advanced course on Regulatory Capital.

Andrew edited and contributed new text for updated editions of GARP’s text books on bank risk (published in 2015) and as part of GARP teams has provided consulting advice to central banks and senior bankers on issues such as bank mergers & acquisitions, bank resolution, and risk governance.

Andrew advises the Secretariat of the Bahrain-based General Council of Islamic Banks and Financial Institutions (CIBAFI) on a range of issues and is a frequent speaker at their events. He wrote CIBAFI’s ‘Briefing’ documents on Risk Management and Compliance for Islamic Banks (September 2016) and Corporate Governance for Islamic Banks (March 2016). In late 2017, he was preparing another CIBAFI ‘Briefing’ on Islamic Banks and Fintec. He has also worked for the Kuala Lumpur-based Islamic Financial Services Board, writing two of the Board’s guidance notes.

In September 2013, Andrew re-launched Arab Banker, the annual magazine of the London Arab Bankers Association. The fifth edition of Arab Banker appeared in September 2017, with Andrew continuing as Editor. Andrew also oversees the ABA’s website and writes articles for the site on current developments in Arab banking and finance.

Since 2012, Andrew has prepared the annual ‘World’s Safest Banks’ rankings published by New York-based Global Finance magazine.

I was pleased to be able to attend CIBAFI's Members' Consultative Group meeting in Manama in December 2017, held on the sidelines of the World Islamic Banking Conference.

I was pleased to be able to attend CIBAFI’s Members’ Consultative Group meeting in Manama in December 2017, held on the sidelines of the World Islamic Banking Conference.

Andrew Cunningham began his career as a journalist, writing about Middle East banking and finance for Middle East Economic Digest (MEED) and then Middle East Economic Survey (MEES). He then spent nine years with Moody’s, the international credit rating agency, both as a credit analyst, assigning ratings to Middle Eastern and large Western European banks, and as the European manager of its Rating Assessment Service and as a member of the firm’s global Liquidity Risk Assessment committee.

In 2004, Andrew moved to Cairo to establish and manage the Egyptian and broader regional operations of the Financial Services Volunteer Corps (FSVC), a New York-based NGO that
provides consulting advice to central banks, capital market regulators and commercial banks. In 2006 he moved to the firm’s head office to mange its entire Middle East franchise, which under his leadership expanded to account for two thirds of the firm’s revenues and activities.

Andrew’s work at FSVC included giving advice to the Governor of the Central Bank of Iraq on how to comply with international financial regulations; writing a work plan for the Yemeni Ministry of Finance on the creation of capital market activities in Yemen; and designing and leading training programmes on international financial regulation and risk management for the Central Bank of Libya and clients in Lebanon and Morocco.

Andrew is proficient in Arabic and French: he can (and does) conduct business meetings in Arabic and French and reads Arabic and French documents with ease. He speaks and reads basic Farsi. He used to speak fluent Greek, though this is now rusty through lack of use.

Andrew lives in London with his wife and daughter.

Andrew@darienmiddleeast.com
 Follow Andrew on @ACunningham29