abu dhabi investment authority board of directors

Feedback. 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. [8] Due to its size, the fund has been influential in international finance. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. Under his leadership, ADIO has launched international offices around the world. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. Al Marri is a member of the Boards of Directors of different federal entities. Using prudent investment strategies in accordance with global best practice, the EIA . This is a profile preview from the PitchBook Platform. 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. Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. Aramis Partners | Board of Directors 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. It periodically reviews and monitors compliance with the Group's overall risk appetite and makes recommendations thereon to the Board. The most relevant comments from the evaluation are presented to the Board, in the form of an action list, and its implementation is monitored by the Board's Nomination, Compensation, HR & Governance Committee. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. Board Of Directors - EIA H.E. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. 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. The board members currently serve for a period of three years, and can be renewed. H.E. 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. Sheikh Zayed bin AweidhaMANAGING DIRECTOR, Dr. Ahmed Abdulla Ghaith Al SuwaidiBoard Member. There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. Get the full list, Youre viewing 5 of 8 board members. In particular, it sets the goals, strategies and policies of the Bank. Internal controls are designed to ensure that adequate independent internal checks and balances exist in keeping with the maker-checker or four-eye principle and that the oversight roles are embedded in areas reporting independently to non-originating areas. 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 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. In 2019, Dr. Al Jaber received a lifetime achievement award from his Excellency the prime minister of India, Narendra Modi, for his contributions to energy security, building bridges to emerging Asian economies and for reshaping traditional energy business models. ADIA is required to invest these funds in such a way to generate sustainable long-term returns, and to return funds to the Government of Abu Dhabi, as needed. BSc Business Management (University of Sussex, UK). Board Of Directors; CEO's Message; Staff. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. As a distinguished economist he became one of the top corporate turnover specialists and the most influential player in the history of UAE financial markets. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. Sheikh Zayed does not hold any external directorships. As Chairman of the Board, H.H. 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. 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). Each asset class has its own fund managers and in-house analysts covering it. The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. 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. Mohamed Jouan Salem AlDhaheri - Specialist - Abu Dhabi Investment 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. Tailored induction programmes are arranged for all newly appointed 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. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. 4 of 2007 and amended by Federal Decree Law No. Assistant to the Deputy Director, Colo Dept. Staff - EIA 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. 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. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. H.E. Abu Dhabi Investment Authority | International Forum of Sovereign Before his current position, Saeed Almazrouei was Deputy Chief Financial Officer at Mubadala Investment Company PJSC, where he oversaw the group-wide finance function and delivery of the companys growth strategy, supporting various acquisitive transactions and asset monetizations. Degree in Economics & Finance (Tufts University, USA). in International Studies from the John Hopkins University. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. 4 of 2007 as amended by Federal Decree Law No. Board Of Directors - Abu Dhabi Pension Fund Saeed Almazrouei was appointed to the ADCB Board of Directors in 2019. 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. Thomas Arnold Board Member. The GCEO and his senior management team are responsible for controlling and monitoring the Bank's business on a day to day basis, recommending strategy to the Board, managing the Bank's staff and implementing the Board's strategic and operational decisions. Sheikh Mansour Bin Zayed Al Nahyan heads the Board of Directors which is responsible for overseeing the affairs of the Emirates Investment Authority. In his capacity as Minister of Cabinet Affairs and The Future, Al Gergawi led the development of the UAE National Agenda and Future Foresight Strategy. He was previously elected by ADCB shareholders to join the ADCB Board of Directors in March 2009 and was re-elected by the ADCB shareholders to join the ADCB Board of Directors in 2022. Chartered Financial Analyst, (CFA Institute, USA) She became an Investment Manager in 2012. Acting within authority delegated by the Board, the Board Risk Committee (BRC) has overall responsibility for oversight and review of all risk types - credit, market, operational, liquidity, fraud, reputational, etc. We first developed an effective corporate governance framework with a strong board of directors and an active Executive Committee which reflected the unique nature of our mandate. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. 17 May, 2021. Some of the most recent investments Fatima has led include the following: acquisition of KMAC, the second largest Taco Bell franchisee in North America; Mubadalas $2.5billion partnership with Silverlake including both an investment in the Silverlake General Partner and an anchor commitment to a new Long-Term Capital Fund. 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. Shareholder support 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 has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. 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 ADCB Board of Directors | ADCB According to the Sovereign Wealth Fund . Aysha Al Hallami does not hold any external directorships. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. Contact. 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. ADIA Lab announces Advisory Board, academic collaborations and Abu Dhabi Investment Authority has made 51 investments. Skilled in Real Estate & Private Equity Risk Due Dilligence. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. Begins to serve as advisor to Cabinet on key assets and corporate governance. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. It often buys partial interest ownerships with leading real estate managers. Over this decade, AD Ports has become a thriving business, turning a profit two years ahead of the approved business plan. Media & Resources - EIA His Excellency holds a PhD in Economics from Imperial College, London. Aysha Al Hallami does not hold any external directorships. 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 . ADIA Lab, the independent research institute dedicated to basic and applied research in data and computational sciences, commenced operations today, the 51st National Day of the UAE.As part of its launch, the Lab announced the composition of its Advisory Board, the details of its first academic collaborations, and launched a US$ 100,000 research award. Citigroup to sell equity to Abu Dhabi investors - chron.com In addition, an external consultant will be appointed to independently evaluate the performance of the Board, Board Committees and individual Directors at least once every three (3) years. The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. Abu Dhabi Investment Authority - PitchBook Data In 2013 and 2014 we were entrusted with the custody of three additional strategic assets Emirates Post, Emirates Transport and Al Masraf bank. Jan Schuster Portfolio Manager - Private Equity Division. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed 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. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. The principal activities of the company are dealing Managing Investment and operating funds, in addition to Arranging, Advising and Custody. However, ADIA's ratio of third-party fund managers is being actively managed. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. MSc National Security and Strategic Studies (National Defense College, UAE) Please refer to ADCBs annual report for further details on Directors remuneration. All rights reserved. H.E Mohammed Al Shuwaidi holds a B.Sc. 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. Sheikh Khalifa appoints new board of directors for Adnoc - The National Governance - ADIA Andrew Kripke Director, Portfolio Manager - US Team. Thereafter, senior management provides regular updates to the Board of Directors to monitor progress against budget and strategy and permit any necessary modifications or adjustments in strategic direction. About the Abu Dhabi Investment Office . Overall between 70% and 80% of the organization's assets are managed outside, and over the last few years the fund has become more indexed which given its unique asset liability structure is somewhat perplexing. In a short span of time, the EIA has uniquely positioned itself to become an invaluable partner for significant world-class investment opportunities locally, regionally and internationally. Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. For over 50 years, the Group has played . Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. [6][citation needed], In the Bank of Credit and Commerce International scandal of the 1990s, ADIA reportedly lost hundreds of millions of dollars. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. Mansour bin Zayed chairs meeting of EIA Board of Directors. ADGM leadership [13] Investment Leadership Program (ILP) Working at EIA; Media & Resources; . 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. 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. As a result of regular written declarations submitted by each of the Board Members, the Board maintains satisfactionthat the other commitments of the Directors do not conflict with their duties, or that, where conflicts may arise, the Board is sufficiently aware and appropriate policies are in place to minimise the risks. Abu Dhabi Investment Authority (ADIA) is a public institution established in 1976 by the Government of the Emirate of Abu Dhabi as an independent government investment institution. Any proposals for changes are considered by the Nomination, Compensation, HR & Governance Committee prior to obtaining Board and, if necessary, shareholder approvals. 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. Board of directors. Air Arabia Abu Dhabi - Wikipedia Reporting to H.H., the Managing Director his current responsibilities at ADIA include. One-third of the Board will seek re-election on an annual basis. Board of Directors - Cleveland Clinic Abu Dhabi Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. 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. 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.

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