The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. 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. It will be backed by a major commitment from the Authority. Board papers are delivered at least 3 business days before each Board meeting. Aramis Partners | Board of Directors He also sits on a number of boards, including AXA and Emirates Post Group. A seasoned banker with strong leadership skills across all facets of the business and with extensive expertise in strategy, finance, risk, investment, credit and corporate governance. 2023 PitchBook. Sheikh Mansour bin Zayed Al Nahyan,. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. Chartered Financial Analyst, (CFA Institute, USA) 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. 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. 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. 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. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Amr Al Menhali was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. Abu Dhabi Fund for Development 30 6 European Investment Bank 70 14 Japan International Cooperation Agency 184 36 Government and/or Nepal Electricity Authority 71 14 Total 505 100 Source: Asian Development Bank estimates. Mishal Kanoo tries to help people reach their professional dreams. H.E. 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. Dr. Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC). PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi Abu Dhabi Investment Council - Wikipedia According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. His Excellency holds a PhD in Economics from Imperial College, London. Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team. Sheikh Mansour Bin Zayed Al Nahyan heads the Board of Directors which is responsible for overseeing the affairs of the Emirates Investment Authority. Chairman of the Board of Directors of the Abu Dhabi Urban Development Co. LLC. 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. The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. 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. H.E. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. BSc Finance (Suffolk University, USA). BSc Business Sciences, Finance (Zayed University, UAE). 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. He started his career at Abu Dha. 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. In the event that a vacancy arises, Directors are permitted to elect any individual nominated to fill the vacancy, but any director so appointed must seek election by the shareholders at the next annual general meeting. Board of Directors - Cleveland Clinic Abu Dhabi To read relevant policies please see below: The Bank's Board Secretariat and Corporate Secretariat function acts as an interface between the Board and management. The Board of Directors (the "Board") is the Bank's principal decision-making forum. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . These principles were created to demonstrate to home and recipient countries and the international financial markets that sovereign wealth funds had robust internal frameworks and governance practices and that their investments were made only on an economic and financial basis. In addition, he was the CEO of the Dubai Future Foundation, enabling him to play a vital role in the successful launch of Dubai 10X and other initiatives of national importance. Ensure that effective measures are in place to safeguard the Banks assets; Ensure proper accounting records and reliable financial information by procedures designed to avoid or reduce risks and ensure compliance with applicable laws and regulations; Ensure that an adequate and effective system of internal controls and procedures is established and maintained; and. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Board of Directors | Abu Dhabi Investment Group Leadership Board Of Directors Sheikh Dr.Majid bin Saeed Al Nuaimi Chairman 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. Investment Stage Secondary Market. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. Board Member of Cleveland Clinic Abu Dhabi. Combining extensive experience in both the public and private sector, he was responsible for overseeing, developing and enhancing strategic geopolitical, social and economic partnerships with several nations. Beginning his career at the Abu Dhabi National Oil Company, H.E. Get the full list, Youre viewing 5 of 8 board members. . Abu Dhabi Investment Authority 's most notable . Feedback. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. 17 May, 2021. Our support department structure has developed over many years to ensure that the business continues to operate efficiently at all levels in pursuit of ADIAs investment goals. 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. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. 4 of 2007 as amended by Federal Decree Law No. In order to deliver against these objectives, management regurlarly develops and renews detailed strategic plans that operate across the Bank's businesses. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. Board of Directors - Gulf Capital She has also successfully completed the General Management Program at Harvard Business School. 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. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. 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. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. The Board's Audit Committee ensures the implementation of regulations, policies and procedures through all Bank departments aimed at mitigating identified risks and safeguarding the interests of the Bank and its shareholders. To lead the Board and ensure the effective engagement and contribution of all Directors, so that the Board may fully discharge its legal and regulatory responsibilities; To ensure effective communication with shareholders and ensure that the Board members understand the views of the major shareholders; To oversee the annual performance evaluation of the Board and individual Directors; and. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. He is the Founding Member and Chairman of AlNowais Investments. Al Gergawi is the Secretary-General of the Mohammed bin Rashid Global Initiatives (MBRGI), a philanthropic foundation that combines under its umbrella over 30 humanitarian and developmental initiatives and entities. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. Sheikh Khalifa appoints new board of directors for Adnoc - The National Abu Dhabi Investment Authority - PitchBook Data 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. Investment Leadership Program (ILP) Working at EIA; Media & Resources; . in Business Administration. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. Air Arabia Abu Dhabi is Etihad Airways' first major investment, a change from its long-held relationship strategy of airline equity partnerships. In this role, he also spearheaded many initiatives to get the pulse of the people and know their sentiments, as well as build the UAEs long-lasting relations with international organizations such as the World Economic Forum. Saeed Almazrouei was appointed to the ADCB Board of Directors in 2019. H.H. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. Khalil Mohammed Sharif Foulathi Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 Fraud Warning Terms & Conditions Sitemap Contact