The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. He started his career at Abu Dhabi Investment Authority in the year 1982. View Biography | Advanced search 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. To develop a constructive relationship with the GCEO and to manage his performance. Directors are eligible to receive, and have received, loans from the Bank.
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. ABU DHABI INVESTMENTS GROUP OUR WORK TODAY SHAPES ABU DHABI'S TOMORROWS. Mr. Al Badi has more than 35 years of experience in the government and private sector. BSc Business Sciences, Finance (Zayed University, UAE). Number of Exits 23. All rights reserved. H.E Mohamed Hassan Alsuwaidi. 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. 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 programme comprises a comprehensive Directors' induction pack, meetings with other Directors and senior management, as well as comprehensive guidance on the duties and responsibilities of Directors, the Bank's policies and procedures and relevant legal and regulatory requirements. Mr. Quarta also held various senior leadership positions with BTR plc and served on the board of directors. The Bank is committed to sound corporate governance practices. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Shareholder support
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. 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. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. Mr. Quarta has been a Partner at CD&R for 21 years and is chairman of CD&R Europe. Sheikh Mohammed bin Rashid Al Maktoum. Mishal Kanoo tries to help people reach their professional dreams. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. 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. [8] Due to its size, the fund has been influential in international finance. His Excellency earned his stripes in professional finance at Citi Bank in London. The Board has adopted a rolling agenda to ensure that each of its responsibilities is satisfied on a periodic basis, and considers other agenda items on an 'as required' basis. The excitement of helping others achieve their goals, both big or small, is what drives him. 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. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. Amr Al Menhali was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. 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. in Accounting from United Arab Emirates University (UAEU). The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. The scope of the audit is agreed between the Audit Committee and the auditor. in Business Administration. of Corrections, Colorado Springs, CO, USA. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. However, all loans are made on arms' length terms. As Chairman of the Board, H.H. Ms. Ghobash holds a Bachelor of Science in Economics from The Wharton School, University of Pennsylvania in the United States of America. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. BSc Business Management (University of Sussex, UK). 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 Nati. The Board of Directors (the "Board") is the Bank's principal decision-making forum. 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. Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. Board Of Directors - EIA H.H. In addition, the Board Secretariat works with various external providers to source suitable tailored training sessions. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. H.H. Abu Dhabi Investment Authority has 3 board members and advisors, including Shubhrawpratap Dasgupta. EIA invests into a globally diversified investment portfolio. in International Studies from the John Hopkins University. The IAG performs its function in accordance with a risk-based audit methodology. Prior to his appointment, H.E. 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. 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. We quickly established a formal, three-stage investment process consisting of: rigorous pre-screening and initial due diligence; followed by Investment Committee review and debate; and final investment decision-making from our Executive Committee. Abu Dhabi Investment Authority has made 51 investments. The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. In 2013 and 2014 we were entrusted with the custody of three additional strategic assets Emirates Post, Emirates Transport and Al Masraf bank. 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. Mansour bin Zayed chairs meeting of EIA Board of Directors. 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. Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. 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. H.E Hareb Al Darmaki is Co-Founder and Board Chairperson of Gulf Capital. However, in 1976, Sheikh Zayed bin Sultan Al Nahyan, the founding president of the United Arab Emirates, converted it into the Abu Dhabi Investment Authority. In June 2021, Aysha moved to the Abu Dhabi Investment Authoritys newly created Core Portfolio Department to help develop its comprehensive strategy. Degree in Economics & Finance (Tufts University, USA). 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 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. [9], 20 year and 30 year annualized rates of return for the ADIA portfolio were 7.6% and 8.1%, respectively, as of 31 December 2010. Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. Managing Director H.H. Board papers are delivered at least 3 business days before each Board meeting. 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. United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. 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. Board Of Directors; CEO's Message; Staff. 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. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. Chairman of the Board of Directors of the Abu Dhabi Urban Development Co. LLC. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). Site Advisory: Fraud Warning; . The Board maintains awareness of the other commitments of its Directors and senior management. MSc International Securities Investment and Banking (University of Reading, UK)
. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. He also sits on a number of boards, including AXA and Emirates Post Group. 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 . 4 of 2007 and amended by Federal Decree Law No. The Board Secretariat maintains a conflicts register that is regularly reviewed by the Nomination, Compensation, HR & Governance Committee. He was also responsible for all Treasury activities including Mubadalas bond issuances and project financing. Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities.
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