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Mohamed Jouan Salem AlDhaheri - Specialist - Abu Dhabi Investment In June 2021, Aysha moved to the Abu Dhabi Investment Authoritys newly created Core Portfolio Department to help develop its comprehensive strategy. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. His memberships allow him to actively support the development of priority sectors in the country such as the Golden Visa initiative, which seeks to attract talented individuals from across the world. The Chairman's main responsibilities include: The day to day management of the Bank has been delegated by the Board to the GCEO and the senior management team. At EIA, we value our staff as one of our most . According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. Board Of Directors; CEO's Message; Staff. In 2006, directed by the UAE leadership, Dr Al Jaber led the team that established Masdar . The $7 billion investment in Citigroup has lost approximately 90% of its value as of 26 November 2009, 2 years after it acquired a sizable stake in the bank. H.E. Its responsibilities also include reviewing the appropriateness and effectiveness of the Group's risk management systems and controls, reviewing the outcome of stress tests and the Bank's stress-testing methodology, overseeing the Management Risk Committees and ensuring that the Bank's risk governance is supportive of prudent risk-taking at all levels in the Bank. H.E. Reporting to H.H., the Managing Director his current responsibilities at ADIA include. The excitement of helping others achieve their goals, both big or small, is what drives him. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. The Council started its operations in April 2007 and is responsible for investing part of the government's surplus financial resources through a globally diversified investment strategy, targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active . FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Our Objectives - EIA Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. She also has an MBA in International Finance and is a member of the Institute of Management Accountants, IMA. in Economics. And a Chairman at Emaar Malls PJSC and an Independent Director at Badwa Capital Ltd.He previously served on the board of The National General Insurance Company and Takaful House, both publicly listed insurance companies, and was appointed as the interim chairman of Dubai Bank after its takeover by Emirates NBD. The scope of the audit is agreed between the Audit Committee and the auditor. 4 of 2007 as amended by Federal Decree Law No. H.E Hareb Al Darmaki is Co-Founder and Board Chairperson of Gulf Capital. Shareholder support Khaldoon Khalifa Al Mubarak is the Managing Director & Group Chief Executive Officer of the Mubadala Investment Company PJSC, responsible for aligning Mubadala with Abu Dhabi's economic diversification efforts. Each asset class has its own fund managers and in-house analysts covering it. PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. 4 of 2007 as amended by Federal Decree Law No. Board Of Directors - Abu Dhabi Pension Fund Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. It is primarily involved in the establishment of Abu Dhabi National Bank 1968, and working in multiple sectors such as Banking, Financial services as well as Insurance services and manages investments. Mr. Quarta graduated from the College of the Holy Cross. Contact. Mahmood Ebraheem Al Mahmood | Mubadala - Mubadala Investment Company Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. Tailored induction programmes are arranged for all newly appointed Directors. Investment Leadership Program (ILP) Working at EIA; Media & Resources; . ADGM leadership In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). Please refer to ADCBs annual report for further details on Directors remuneration. As well as acting as administrator for the Board's activities, the Board Secretariat works closely with both the Board of Directors and the management to facilitate communication and transparency. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. She is an integral part of the team responsible for . Abu Dhabi Investment Authority (ADIA) - Investopedia Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. Establishment of Investment Process and Portfolio Management. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. 10 The terms and conditions of hard-term and those of regular-term loans in 2013. Board of Directors Board of Directors Management Team Committees Documents Investors Overview About Us Financial Information Bond Information Share Information Calendar Analyst Coverage Corporate Governance Board of Directors Management Team Committees Documents Company Announcements IR Contact Investor FAQs In addition to this, he is currently a board member in Abu Dhabi Housing Authority and a member of Investment Committee in Sandooq Al Watan. He was the Secretary General of the UAE Cabinet since 2017, during which he was instrumental in strengthening the interdependence between the federal and local governments. He has completed a General Management Program from Harvard Business Schools and holds Bachelor in Business Administration with Honours. BSc Finance (Suffolk University, USA). Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. Andrew Kripke Director, Portfolio Manager - US Team. Al Ramz Corporation, one of the most active brokerages and investment companies in the UAE, trading member and clearing member in Dubai Financial Market DFM, Abu Dhabi Exchange and Nasdaq Dubai for equities, bonds, SUKUK and futures, also a market maker and liquidity provider in the local three markets. [11], Today ADIA invests in all the international markets equities, fixed income and treasury, infrastructure, real estate, private equity and alternatives (hedge funds and commodity trading advisers CTAs). In carrying out its audit activities and responsibilities, members of the IAG have unrestricted access to all of the Banks records (either manual or electronic), assets, physical properties and personnel, relevant to the audit. Get the full list, Youre viewing 5 of 98 team members. Directors are eligible to receive, and have received, loans from the Bank. Any Candidate for appointment as a Director must be pre-approved by the UAE Central Bank. Get the full list, Youre viewing 5 of 8 board members. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. Although the IAG conducts audits on all of the Banks units, the frequency of internal audits carried out with respect to each of the Banks units depends on the inherent risk of that unit and its related control risk evaluation. Fatima Al Nuaimi was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. Any candidate for appointment as a Director must first be considered and approved by the Board's Nomination, Compensation, HR & Governance Committee. Ahmed Saeed Al Calily, Chief Strategy and Risk Officer, Mubadala Investment Company M Ahmed serves as Mubadala's Chief Strategy & Risk Officer, where he is responsible for the company's Corporate Strategy, ESG, and Enterprise Risk Management framework. . All rights reserved. H.E. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. He has also been Chairman of Emirates Financial Services. Win whats next. Click here for Terms of Reference for the Board of Directors. The IAG is responsible to ensure that all transactions undertaken by the Bank are conducted in accordance with the Banks internal procedures, and in compliance with applicable legal and regulatory requirements, thereby minimising the risk of fraudulent, improper or illegal practices. Al Gergawi is the Board Chairman of the Federal Competitiveness and Statistics Authority (FCSA), the government body responsible for developing and enhancing the countrys performance in the areas of global competitiveness and statistics. Abu Dhabi Investment Authority - PitchBook Data The function is both administrative and strategic. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). He also chairs the World Government Summit, a global platform focused on shaping the future of governments. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. Strategy and management - setting the Bank's long-term objectives and commercial strategy, and monitoring management's performance; Structure and capital - approving changes relating to capital structure, corporate structure and management and control structures; Financial reporting, planning and controls - approving interim and final results, annual report and accounts, dividends, business plans, budgets (including funding plans) and forecasts, significant changes in accounting policies or practices, remuneration of and appointment or removal of auditors and other material accounting policies; Internal controls - setting and monitoring internal controls; Risk - setting the Bank's risk strategies and appetite and monitoring the Bank's approach to material risks; Major transactions - approving major capital investments and projects, by reason of materiality or size, including acquisitions, mergers, disposals, and material contracts not in the ordinary course of business; Board and other appointments - appointment or removal of the GCEO, the Board Secretary and other senior management, succession planning, terms of reference and membership of Board Committees, annual performance review of directors and Board Committees; GCEO - annual evaluation and supervision of the GCEO; Remuneration - determining policy for remuneration of directors and senior executives, creation and approval of share incentive plans and other remuneration schemes; and. MSc Computer Science (University College London, UK) Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. Board Of Directors - EIA As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. [4], The operations of ADIA have historically and to the present been secretive and opaque. Skilled in Real Estate & Private Equity Risk Due Dilligence. Its board of directors, which is made up of members nominated by the two companies, is responsible for directing the company's independent strategy and developing its business. Investment Stage Secondary Market. The fund manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories, including quoted equities, fixed income, real estate, private equity, alternatives, and infrastructure. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . He is former chairman of IMI plc and a former non-executive director of SPIE, BAE Systems plc, Foster Wheeler Corporation, Fondo Strategico Italiano, Equant NV, and PowerGen plc. The IAG performs its function in accordance with a risk-based audit methodology. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Furthermore, he is a professional and motivational speaker, writes articles for local and regional media, is published in business journals on a regular basis, and holds chief positions as Chairman/Director of various reputable companies, including Gulf Capital, KHK & Partners Limited, Dalma Capital, Johnson Arabia LLC and KAAF Investments. H.E. His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Governments Executive Office. H.E. Number of Board Member and Advisor Profiles 3. Abu Dhabi economy to benefit from new sustainability and renewable Shubhrawpratap Dasgupta Advisor Jan 5, 2017. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. Reporting to H.H., the Managing Director, his current responsibilities as Advisor Managing Director Office include portfolio management, asset allocation, strategic decisions and broad financial analysis. [13], Many of ADIA's investments have decreased substantially since investments were made at market peaks in 2007 and 2008. The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. Through strategic investments, AD Ports has grown to become a full service transportation hub, leveraging Abu Dhabis location at the nexus of three continents, and making significant contributions to the UAEs economy and diversification efforts. H.E. All rights reserved. The Audit Committee also periodically meets separately with the Banks internal auditors and the external auditor in the absence of management. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? As a listed company, the Bank is subject to the rules and regulations enforced by the Emirates Securities and Commodities Authority and the markets upon which its shares and debt are listed, including the ADX, the London Stock Exchange, the Irish Stock Exchange, the Luxembourg Stock Exchange and the Swiss Stock Exchange. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. In 2013 Dr. Al Jaber was appointed an honorary Commander of the Most Excellent Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. As nephew and son in law of Ajman ruler he played a major role in the development of UAE from a desert to an oasis. He is a member of the High-Level Panel on Digital Cooperation, a panel of independent experts advising the United Nations Secretary-General on technological developments and technology related issues. Begins to serve as advisor to Cabinet on key assets and corporate governance. Lecturer & Head of Legal Affairs, High Commercial Institute, Kuwait, Published books on law that are adopted as text books in UAE and Kuwait University respectfully, Legal Advisor and Head of Legal Office; Ministry of Economy & Commerce, UAE, Legal Advisor of the Executive Council of the Emirate of AUH, Owner of Ghanayem Legal & Management Consultancy EST, Treasurer & Account Officer in Charge of Citibanks Financial Institutions in Dakar, Vice President Citibank Private Bank, Geneva, Managing Director Sahara Financial Management Services, Regional Director of Ecobank for Middle East, North Africa & India, Vice Chairman at Signature Africa Ventures. Furthermore, the UAE Minister of Economy, in his previous post, took part in the unveiling of the Hatta Economic Zone development project and the relaunching of the Mohammed Bin Rashid Center for Leadership Development. Dr. Al Jaber is Chairman of the Board of Trustees of the Mohamed bin Zayed University of Artificial Intelligence, the Worlds first graduate-level, research based AI University. ADGM has also tapped on the inherent strengths of the Abu Dhabi economy to establish an international financial centre which will stand alongside the world's leading centres, such as Hong Kong, Singapore, London and New York, operating in partnership with them. He holds a Bachelors Degree in Economics from Northeastern University of Boston, Massachusetts, U.S.A. Mr. Mohamed Hadi Al Hussaini is the Chariman of Emirates Integrated Telecommunications Co. PSJC, and currently he sits on the board of Emirates NBD, Em. Who We Are - TAQA The new council was established to support Abu Dhabi's competitiveness and its economic and financial sustainability. H.E Mohamed Hassan Alsuwaidi. Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. and Abu Dhabi Dr. Al Jaber was appointed to the UAE cabinet in 2013, where he served as a Minister of State of the United Arab Emirates until July 2020. He also sits on a number of boards, including AXA and Emirates Post Group. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. H.E. To develop a constructive relationship with the GCEO and to manage his performance. In this role, he oversees platform-wide activities, supports the delivery of the platforms investment strategy, manages the platforms capital allocation, ensures the successful implementation of capital deployment and monetization transactions and assesses value, risks and expected returns. is also the former Director General of the Executive Office of H.H. BSc Computer Information Systems (Bethune Cookman College, USA). in International Studies from the John Hopkins University. ABU DHABI, Under the patronage of H.H. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team. H.E. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. In July 2020, Dr Al Jaber was appointed Chairman of Emirates Development Bank, a key partner in providing financial services for the sustainable economic and social development of the UAE. It periodically reviews and monitors compliance with the Group's overall risk appetite and makes recommendations thereon to the Board. Monitoring by the Central Bank is undertaken by way of regular inspections of banks and their records and the requirement for regular submission of data including credit data and anti-money laundering measures. He has guided ADNOC through a number of strategic firsts, including entering the global capital markets for the first time, completing the first ever IPO of an ADNOC business (ADNOC Distribution) and attracting significant FDI from strategic and private equity investors to stimulate smart growth across ADNOCs upstream, midstream and downstream value chain. [8] Due to its size, the fund has been influential in international finance. Abu Dhabi Finance P.P.C is closed UAE Joint stock company headquartered in Abu Dhabi with a paid-up capital of USD ($)142,780,000. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Mr. Al Badi has more than 35 years of experience in the government and private sector. The Bank's Board of Directors comprises 11 Directors - majority of which are independent, non-executive Directors elected or appointed by the Bank's shareholders. It has overall responsibility for leading, supervising and controlling the Bank and is accountable to the shareholders for creating and delivering sustainable shareholder value through its guidance and supervision of the Bank's business. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. Post ADIA, he established Abu Dhabi Investment Council (ADIC) in 2007 and served as its Managing Director. AAAID on LinkedIn: #adife #adnec #uae #agriculture #investment #food Based in London, he played the lead operating role in the Firms investment in SPIE and served as chairman of the supervisory board of Rexel during CD&Rs ownership of the company from 2005 to 2014. . He is also a board member of the Economic Zones World and Dubai Real Estate Corporation. Carlos Obeid joined the ADCB Board of Directors in 2019. UAE Federal Laws, including the Federal Law No.2 of 2015 Concerning Commercial Companies, as administered by the Ministry of Economy and the Department of Planning and Economy, in addition to any other local regulatory authorities of the Emirates. H.E. Decree establishes the EIA as sole Federal investment vehicle. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. In order to deliver against these objectives, management regurlarly develops and renews detailed strategic plans that operate across the Bank's businesses. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. The Bank provides Directors with opportunities to update and develop their skills and knowledge through external seminars, regular presentations from senior management, and relevant reading materials. Mohammed Habroush Al Suwaidi H.E. He is currently part of the senior management team in the Crown Prince Court, serving as the executive director of the financial affairs, overseeing the entire financial activities and strategic initiatives. Aysha Al Hallami does not hold any external directorships. [6][citation needed], In the Bank of Credit and Commerce International scandal of the 1990s, ADIA reportedly lost hundreds of millions of dollars. The Group Chief Internal Auditor functionally reports to the Audit Committee and to the Group Chief Executive Officer on administrative and day-to-day matters. H.E. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. Air Arabia Abu Dhabi - Wikipedia The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. Established in 2007, the EIA has actively sought unique investment opportunities locally, regionally and internationally, focusing on investing in asset classes that will help strengthen and diversify the UAE economy. Dr Sultan Al Jaber | Masdar Chairman and COP 28 President - Masdar.ae Mr. Al Mahmood has held senior roles at a number of companies including the Abu Dhabi Investment Authority (ADIA), and was also Chief Executive Officer, Managing Director and a board member of the development and investment company Al Qudra Holdings. Emirates Investment Authority (EIA) is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. Board papers are delivered at least 3 business days before each Board meeting. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. Details of all transactions in which a Director and/or other related parties might have potential interests are provided to the Board for its review and approval. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. He is the Founding Member and Chairman of AlNowais Investments. As the central government hub supporting investment in Abu Dhabi, we are committed to growing the emirate's private sector and diversifying its economy. The majority of the Directors are UAE nationals, as per the requirements of the Federal Commercial Companies Law and the Bank's articles of association. In particular, it sets the goals, strategies and policies of the Bank. Though it talks of its long term success in generating returns, the fact that it has moved closer to the index and manages most of its funds through external third party fund managers shows that its tolerance for risk taking is greatly diminished over the years. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed The Banks internal controls over financial reporting comprise processes designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles. H.E. Mr. Al Darmaki received a B.S. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. The Board of Directors is the highest authority within the Council and is composed of a Chairman, Managing Director and other board members, all of whom are senior government officials appointed by Decree from the Ruler of . Board of directors. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. Prior to taking on the leadership position at ADNOC, Dr. Al Jaber was the Chief Executive Officer of the Energy platform at Mubadala, the Abu Dhabi governments strategic investment arm. Board of Directors | Abu Dhabi Investment Council Menu Mobile menu toggle About us History Organization Chart Governance Committees Business Functions Chief Executive Officer Active Investment Strategies Equities and Fixed Income Global Special Situations Infrastructure Private Equity Real Estate Support Functions Careers Culture Opportunities ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. Thomas Arnold Board Member. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. Private Equity and Venture Capital, (Harvard Business School, USA) Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. Air Arabia Abu Dhabi is Etihad Airways' first major investment, a change from its long-held relationship strategy of airline equity partnerships. During his tenure, Dr. Al Jaber oversaw the completion of Khalifa Port, Abu Dhabis flagship, fastest growing deep water port as well as Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabis first integrated trade, industrial and logistics free zone.