abu dhabi investment authority board of directorsabu dhabi investment authority board of directors

It often buys partial interest ownerships with leading real estate managers. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Emirates Investment Authority (EIA), the ABU DHABI, H.H. 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. Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. H.E. Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise. Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. Degree in Economics & Finance (Tufts University, USA). 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 EIA was established in 2007 through Federal Decree Law No. Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. In line with the above, the Bank has determined that, (a) Board members employed by Abu Dhabi Investment Council, the Government of Abu Dhabi's Department of Finance or Abu Dhabi Investment Authority should be classified as independent directors, (b) the Bank's Board contains a majority of independent directors, and (c) each of the Bank's Board committees contains a majority of independent directors. 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. Any proposals for changes are considered by the Nomination, Compensation, HR & Governance Committee prior to obtaining Board and, if necessary, shareholder approvals. . Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. 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. ADIAs assets are not classified as international reserves. EIA invests into a globally diversified investment portfolio. Details of all transactions where a Director and/or other related parties might have potential interests are provided to the Board for its review and approval. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. Click here for Terms of Reference for the Board of Directors. All three functions cover all banking activities in general and key risk areas in particular. How satisfied are you with the overall experience on our website? MSc Computer Science (University College London, UK) Last edited on 23 February 2023, at 20:27, Bank of Credit and Commerce International, International Forum of Sovereign Wealth Funds, "Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets", "Gulf sovereign wealth funds among world's least transparent", "Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance", "Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny", "Money and mystery: Adia unveils its secrets", "Generally Accepted Principles and Practices (GAPP)Santiago Principles", https://www.swfinstitute.org/fund-rankings/sovereign-wealth-fund, "The Abu Dhabi Investment Authority is a Buyer of Hotels Sovereign Wealth Fund Institute", "Abu Dhabi Power to take control of TAQA in asset swap", "Abu Dhabi Investment Authority Publishes 2012 ADIA Review", "Sheikh Ahmed Bin Zayed Al Nahyan: 1969-2010", "H.H. 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. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. [10] Mr. Mishal Kanoo is one of the most iconic business figures in the Middle East and has a reputation as a futurist and strategist with a strong track record in forecasting economic developments in the region. Contact. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. H.E. H.E. In 2006, directed by the UAE leadership, Dr Al Jaber led the team that established Masdar . Beginning his career at the Abu Dhabi National Oil Company, H.E. Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. Prior to joining ADIO, His Excellency held leadership roles at various institutions, including Emirates NBD, Mubadala, and Citibank. H.E. All rights reserved. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. Skilled in Real Estate & Private Equity Risk Due Dilligence. Al Marri held important positions in the government as a senior, top-ranking official. 2023 Gulf Capital. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. She has also successfully completed the General Management Program at Harvard Business School. 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. 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. 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 . There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. and Abu Dhabi Investment Authority entered into an Agreement and Plan of Merger to acquire Coupa Software Incorporated from a group of. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. 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. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. The Abu Dhabi Investment Council was splintered off from the Abu Dhabi Investment Authority (ADIA) . 4 of 2007 and amended by Federal Decree Law No. 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. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. Board Of Directors; CEO's Message; Staff. The excitement of helping others achieve their goals, both big or small, is what drives him. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. H.E. in International Studies from the John Hopkins University. Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. In 2006, between 70% and 80% of the organization's assets were managed outside with an aim to bring that down to between 60% and 70%. View Biography While the Board's Audit Committee oversees and reviews the Banks compliance policies and their implementation, the Group Compliance department is responsible for monitoring compliance with local regulatory requirements. Abu Dhabi Investment Group (ADIG) is the investment arm of Bin Aweidha Holding and based in Abu Dhabi. Board papers are delivered at least 3 business days before each Board meeting. 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. The Board of Directors set the strategic direction of the Bank (with due consideration given to risk tolerance, shareholder expectations, business development opportunities and other macroeconomic factors), which senior management then uses to design the Bank's strategic plan and prepare the annual budget for Board approval. 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. 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. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. Air Arabia Abu Dhabi is Etihad Airways' first major investment, a change from its long-held relationship strategy of airline equity partnerships. 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.

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