EXPERTISE
Derivatives Trading
Structured & Equity-Linked Financing
Counterparty Credit Risk
Market Risk
Fund Derivatives
ETFs
CIUs incl. Mutual and Hedge Funds
Prime Services
Emerging Markets
EDUCATION
University of Oxford
DPhil in Engineering Science
WORK HISTORY
SEDA Experts
Managing Director
2026-Current
Citibank
Global Head of Counterparty Credit (CCR) Underwriting, Citi Wealth Management
2022-2025
Barclays Bank
Global Head of Equity Linked Financing Risk
2009-2021
Global Head of Fund Structures Risk
2009-2021
Global Head of ETF Risk
2012-2021
Global Head of Prime Services EFG Market Risk
2017-2019
Global Head of EFG Delta 1 Strategic Risk
2014-2020
Deputy Global Head of Equity Market Risk
2014-2018
Head of Risk for BCFS/Barclays Investment Management (BIM)
2010-2021
Head of Risk for Barclays Bank Luxembourg
2014-2020
Global Head of Structured Transactions Group (STG) Risk
2012-2021
Head of (EMEA) Emerging Markets Equity Market Risk
2009-2014
Swiss Re
Head of Trading, Managed Account & Fund Derivatives
2006-2007
Dresdner Kleinwort Wasserstein
Head of Alternative Investments Trading
2001-2006
Counterparty Credit Risk Expert Witness
Noor Ul Islam is a trading and risk management expert with almost 30 years experience of working in trading and banking across global financial asset and product markets.
His career includes serving as Global Head of Counterparty Credit Underwriting at Citi Wealth Management and holding numerous global risk leadership roles at Barclays, as well as being Head of Trading for Fund Linked products at both Swiss Re and Dresdner Bank. His expertise spans structured derivative products and equity-linked financing, counterparty credit risk, market risk, fund derivatives, CIUs including mutual and hedge funds as well as family offices, prime services, and emerging markets.
Dr. Islam most recently served as Global Head of Counterparty Credit Underwriting at Citi Wealth Management, where he led a global team of more than 80 professionals responsible for counterparty credit assessment and approval across structured lending and derivatives. His remit covered private banking, institutional family office, and retail clients across the United States, UAE, Singapore, and Hong Kong.
At Citi, Dr. Islam also led major regulatory-driven transformation initiatives within Wealth counterparty credit, including the implementation of new Wholesale Credit Risk requirements. He helped redesign underwriting processes, governance, and supporting systems, held approval authority for financing exposures, developed Citi Wealth’s first comprehensive close-out framework, and established its Institutional Family Office underwriting framework.
Previously, Dr. Islam spent 12 years at Barclays within the Corporate and Investment Bank Risk function, where he held transactional approval authority and significant regulatory, policy, and limit-setting responsibilities across multiple businesses. He also regularly represented Barclays in meetings with its lead regulators.
At Barclays, Dr. Islam held several senior global risk leadership roles, including Global Head of Equity Linked Financing Risk, Global Head of Fund Structures Risk, Global Head of ETF Risk, Deputy Global Head of Equity Market Risk, and Head of Risk for Barclays Investment Management. He also held senior responsibility for Prime Services, structured transactions, emerging markets, and principal investments.
Earlier in his career, Dr. Islam served as Head of Trading, Managed Account & Fund Derivatives at Swiss Re, with global responsibility for fund derivatives and financing products out of London and New York, as well as the development of the firm’s managed account platform. Prior to Swiss Re, he was Head of Alternative Investments Trading at Dresdner Kleinwort Wasserstein, with global responsibility for fund-related derivatives, lending, and illiquid investment products. He began his banking career at BNP Paribas as an Emerging Markets Derivatives Trader.
Throughout his career, Dr. Islam has developed extensive expertise in complex financing transactions, risk governance, regulatory engagement, capital optimization, and global underwriting and risk frameworks. Dr. Islam holds a DPhil in Engineering Science from the University of Oxford.
Contact
Noor Ul Islam, Ph.D.
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555

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