abu dhabi investment authority board of directors

Get the full list, Youre viewing 5 of 98 team members. The Government of Abu Dhabi provides ADIA with funds that it has allocated for investment and are surplus to its fiscal requirements. The Board maintains awareness of the other commitments of its Directors and is satisfied that these do not conflict with their duties and time commitments as Directors of the Bank. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. PDF Report and Recommendation of the President to the Board of Directors In particular, the Bank recognizes the damage that could be created by conflicts of interest at Board level, whether disclosed or undisclosed; this includes potential conflicts with the interests of the Bank's controlling shareholder and its related parties. 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. Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 The EIA was established in 2007 through Federal Decree Law No. 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 . 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. MSc Finance & Banking (Cass Business School, City University, UK) With the initial core team and governance framework in place, we were then entrusted with the custody, management and development of strategic federal assets such as Emirates Integrated Telecommunications Company (du) and Emirates Telecommunications Corporation (Etisalat). We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. Member of the Board of Directors of the Commercial International Bank, Deputy Director of the Excellent Financial Services company, Financial and strategic advisor Noor Bank, Member of the Board of Directors of the Commercial International Bank (CBI), Head of the Institutional Performance Measurement Department within the Strategic Planning Sector, Abu Dhabi Municipality. Board Of Directors - EIA H.H. 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. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. Reporting to H.H., the Managing Director his current responsibilities at ADIA include. 2023 PitchBook. 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. As Chairman of the Board, H.H. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. He has prioritized the adoption of breakthrough technologies including AI, Big Data and Blockchain to ensure ADNOC stays ahead of global energy demand and remains a key contributor | Advanced search The current board dates back to the April 2010 reshuffle (Emiri decree n4/2010) and it was fully renewed April 2013. 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. 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. The Bank is committed to sound corporate governance practices. 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. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. She is also a CFA and CAIA charter holder. ADIA does not seek to manage or take an operational role in the companies in which it invests. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. Copyright 2023 ADCB. Board Of Directors; CEO's Message; Staff. To develop a constructive relationship with the GCEO and to manage his performance. Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. In addition to his roles at ADIA and Gulf Capital, Mr. Al Darmaki holds multiple board roles, including Chairperson of Neue Privat Bank (Middle East), Board and Committee Member at Emirates Investment Authority. 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. 17 May, 2021. In 2012, he was nominated and elected by ADCB shareholders to act as a Director, and in March 2015, he was again nominated and elected by ADIC to act as a Director. In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. Staff - EIA Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. BSc Business Management (University of Sussex, UK). Our Corporate and Investment Banking group operates a client driven model with local and international expertise, designed to ensure our clients are set up for success and grow stronger wherever they operate . Beginning his career at the Abu Dhabi National Oil Company, H.E. The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. Learn more. Over this decade, AD Ports has become a thriving business, turning a profit two years ahead of the approved business plan. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. The Abu Dhabi Investment Authority will receive units that will be convertible into Citigroup shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011. Board of Directors | FAB - UAE - Bank (FAB However, all loans are made on arms' length terms. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. Board Member of Cleveland Clinic Abu Dhabi. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. [6] At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. This Initiative creates a new framework for the development and promotion of world class, and global scale, renewable energy and resource sustainability industries in Abu Dhabi. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. Board Of Directors - EIA Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. Air Arabia Abu Dhabi - Wikipedia 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. Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. Devoting his career to progress, bold ideas and teamwork, His Excellency has positioned ADIO to always seek new ideas and challenges in order to promote Abu Dhabi globally. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. 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. 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. According to federal laws and the Bank's articles of association, Directors may not receive any remuneration in respect of a year where the Bank does not achieve net profits. 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. 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. Skilled in Real Estate & Private Equity Risk Due Dilligence. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. The Bank is subject to five main sources of regulation and supervision: Directors' remuneration is set annually by the Board following delegation from the Bank's shareholders. 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. Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. The Banks internal controls over financial reporting include policies and procedures that (i) are designed to ensure maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Bank; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles, and that receipts and expenditures of the Bank are being made only in accordance with authorizations of management and directors of the Bank; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Banks assets that could have a material effect on the financial statements. Abu Dhabi Investment Authority's new research centre makes its debut PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi ADIA Lab announces Advisory Board, academic collaborations and Member of the Libyan Reconciliation Commission. Mansour bin Zayed . Citigroup to sell equity to Abu Dhabi investors - chron.com to the UAEs economy. H.H. Directors are eligible to receive, and have received, loans from the Bank. Feedback. Jan Schuster Portfolio Manager - Private Equity Division. H.E. 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. [2][3][4], In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. 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. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. Board of directors. H.E is the Chairman of Emirates Water & Electricity Company and the Vice Chairman of Abu Dhabi Power Corporation and a member of the Board of Directors for Emirates Global Aluminum, Aramex Logistics Company, Minas de Aguas Teidas Copper Mine, Sociedad Minera de . HE Dr Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology, the UAE's special envoy on climate change, Chairman of Masdar, and President-Designate of COP28 - the first CEO to serve in this role. . 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. 1996)", Sovereign Wealth Fund Institute Abu Dhabi Investment Authority, https://en.wikipedia.org/w/index.php?title=Abu_Dhabi_Investment_Authority&oldid=1141187949, Mohammed Habroush Al Suwaidi, Head of the Department of Finance (Abu Dhabi), Hamad Mohammed Al Hurr Al Suwaidi, Head of the Department of Finance (Abu Dhabi), Ghanim Faris Ghanim Ateish Al Mazrui, former financial advisor to Sheikh, This page was last edited on 23 February 2023, at 20:27. All audits are conducted in accordance with the annual audit plan, which is approved by the Audit Committee, and which may be broadened, as circumstances require. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. Carlos Obeid is the Group Chief Financial Officer of Mubadala Investment Company PJSC and is responsible for managing the organisations Business Finance including Treasury and Investor Relations, Financial Planning and Business Performance, and Financial Governance and Reporting. 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. The Board considers that there is an appropriate balance of knowledge, skills and experience on the Board and that the size and balance of the Board is appropriate. Sheikh Mohammed bin Rashid Al Maktoum. H.E. Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. 4 of 2007 and amended by Federal Decree Law No. H.E. There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. The assets of the fund are managed by the executive management team. ADIAs assets are not classified as international reserves. H.E. Abu Dhabi Investment Authority - PitchBook Data Contact. Win whats next. In June 2021, Aysha moved to the Abu Dhabi Investment Authoritys newly created Core Portfolio Department to help develop its comprehensive strategy. in Economics and Politics from Bristol University, and obtained an M.A. All rights reserved. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . Phone Number (971) 241-5000. Board Of Directors - Abu Dhabi Pension Fund He started his career at Abu Dhabi Investment Authority in the year 1982. She also has an MBA in International Finance and is a member of the Institute of Management Accountants, IMA. Thomas Arnold Board Member. At EIA, we value our staff as one of our most . Home | Abu Dhabi Investment Group ADGM leadership United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. Get the full list, Morningstar Institutional Equity Research, Board Member & Analyst, Internal Equities Department, Deputy Chairman of the Board of Directors. The solid performance of our initial portfolio as well as the rapid development of our investment platform and capability meant we were quickly entrusted by the Federal Government with further assets to manage and invest on behalf of the nation. She has also successfully completed the General Management Program at Harvard Business School. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. Managing Director H.H. 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 BRC also guides management on risk appetite across sectors, geographies and customer types. He has more than 16 years of banking experience, having held senior management positions with National Bank of Abu Dhabi and First Gulf Bank. H.E. is also the former Director General of the Executive Office of H.H. ADIA's mission is to sustain the long-term prosperity of Abu Dhabi by prudently growing capital through a disciplined investment process and committed people who reflect ADIA's cultural values. They are appointed by Emiri decree. It will set financial and economic policy and will oversee the approval of strategies for a number of state-owned entities including Adnoc, Mubadala Investment Company, Abu Dhabi Investment Authority and holding company ADQ. The Board maintains awareness of the other commitments of its Directors and senior management. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. Mishal Kanoo tries to help people reach their professional dreams. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. 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. 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. The new council was established to support Abu Dhabi's competitiveness and its economic and financial sustainability. Chartered Financial Analyst, (CFA Institute, USA) AAAID on LinkedIn: #adife #adnec #uae #agriculture #investment #food [10] The Board of Directors are responsible for determining the Bank's strategic direction. Sheikh Hamed bin Zayed Al Nahyan: ADIA 2013 Overview - WAM", "Abu Dhabi Investment Authority Director Jauan Al Dhaheri Dies", "Sheikh Khalifa honours Emiratis for their service to the UAE - The National", "ADIA at 40: UAE Central Bank Chairman says fund has preserved and grown Abu Dhabi's capital", "First American Corp. V. Al-Nahyan, 948 F. Supp. Directors access to independent professional advice policy (PDF), Procedures for selection and appointment of the Banks Directors, Procedures for selection and appointment of the Banks Directors Flowchart (PDF), Board performance evaluation policy (PDF), Directors' conflicts of interest policy (PDF), Abu Dhabi Executive Affairs Authority, Chairman (2006), UAE, Emirates Nuclear Energy Corporation, Chairman (2009), UAE, Emirates Global Aluminium PJSC, Chairman (2014), UAE, City Football Group Limited, Chairman (2008), UK, Abu Dhabi Executive Council, Member (2006), UAE, UAE Supreme Council for Financial & Economic Affairs, Member (2020), UAE, Abu Dhabi National Oil Company, Member (2021), UAE, AlNowais Investments LLC, Chairman (2016), UAE, Rotana Hotels and Real Estate Investment, Member (2006), UAE, Abu Dhabi National Hotels PJSC, Non-Executive Director (2009), UAE, Abu Dhabi National Takaful Company PSC, Vice-Chairman (2008), UAE, Manazel Group, Non-Executive Director (2009), UAE. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. Mubadala Infrastructure Partners Limited, Chairman (2008), UAE, Cleveland Clinic Abu Dhabi LLC, Non-Executive Director (2010), UAE, GlobalFoundries Inc, Non-Executive Director (2012), USA, Mubadala Capital, Non-Executive Director, (2021), UAE, Borealis AG, Non-Executive Director (2020), Austria, Nova Chemicals Corporation, Non-Executive Director (2021), Canada, Aabar Investments PJSC, Non-Executive Director (2017), UAE, Abu Dhabi Retirement Pension & Benefits Fund (Operating Company), Non-Executive Director (2019), UAE, CEPSA - Compaa Espaola de Petrleos S.A., Non-Executive Director, Non-Executive Director (2019), Spain, OMV AG, Non-Executive Director (2021), Austria, International Petroleum Investment Company, Non-Executive Director, UAE, Yas Holding LLC, Non-Executive Director (2021), UAE. Gains Strategic Assets: Al Masraf, Emirates Post and Emirates Transport. Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. Using prudent investment strategies in accordance with global best practice, the EIA . Abu Dhabi Investment Authority - Investments, Portfolio & Company Exits The external audit partner attends meetings of the Audit Committee by invitation and, if so required, attends the Board meetings when the annual and quarterly reports are approved and signed, and otherwise when needed. Both loans will require onlending Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. 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. Andrew Kripke Director, Portfolio Manager - US Team. 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. Previously he had held various board membership in several regional and international publicly listed companies across various sector such as finance, oil & gas, real estate and healthcare (UAE Banks Federation, GFH Financial Group, NESR (NASDAQ listed), SDX Energy (AIM listed), Deem Finance and Abu Dhabi Finance. Board of Directors Members and Their Duties | AD Ports Group 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. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. BSc Finance (Suffolk University, USA). [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. In driving ADNOCs 2030 strategy toward a more profitable upstream, more valuable downstream and more sustainable and economic gas supply, Dr. Al Jaber has also led a digital transformation at the company. Board of Directors - Gulf Capital 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. 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. The Bank's policy is to, so far as possible, only engage in transactions with related parties (including Directors) on arm's length terms. Amr Al Menhali has a proven executive management track record with over 22 years of experience across a number of leadership positions in the financial sector such as the CEO of Al Hilal Bank (previously) and Waha capital. Under his leadership, ADIO has launched international offices around the world. PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. 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. Al Marri is a member of the Boards of Directors of different federal entities. Khaldoon Khalifa Al Mubarak holds a number of UAE Government and Abu Dhabi Government responsibilities, including: a Member of the Abu Dhabi Executive Council since 2006; a Founding Member of Abu Dhabis Supreme Council for Financial and Economic Affairs; the Presidential Special Envoy to China since 2018; and the Founding Chairman of the Abu Dhabi Executive Affairs Authority, which has provided strategic policy advice to the Chairman of the Abu Dhabi Executive Council since 2006. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? 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. Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. in Business Administration. Experienced Specialist with a demonstrated history of working in the investment management industry. 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. Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. The Board Secretariat assists the management by helping them to understand the requirements and directions of the Board and proactively facilitates the governance of the Bank. H.E. In his role as Minister of Industry and Advanced Technology, Dr. Al Jaber oversees efforts to further expand the industrial development of the UAE, and in particular promote in country value, leveraging technology as a key enabler, as we enter the Fourth Industrial Age. . ABU DHABI, Under the patronage of H.H. Dr. Al Jaber has previously served on the United Nations Secretary Generals High Level Group on Sustainable Energy for All. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Reporting to H.H., the Managing Dir. General Information Description Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. [10] ADIA is one of the largest sovereign wealth funds in the world. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). Mahmood Ebraheem Al Mahmood | Mubadala - Mubadala Investment Company Board of Directors | Mubadala - Mubadala Investment Company

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