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Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. 4 of 2007 as amended by Federal Decree Law No. H.E. H.E Mohammed Al Shuwaidi holds a B.Sc. H.E. MSc Business Administration (INSEAD) Sheikh Mansour bin Zayed Al Nahyan,. 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. His career in asset management began at Abu Dhabi Investment Authority (ADIA) in 1983, where he ultimately served as Deputy Managing Director from 1997 to 2007. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. Assistant to the Deputy Director, Colo Dept. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. [6] At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Playing a role in bettering peoples lives is a great instigator for doing what he does. The Board of Directors comprises a Chairman, Deputy Chairman, Managing Director and board members who are appointed by an Emiri Decree of the Ruler of the Emirate of Abu Dhabi. 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. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. ADIA's Board of Directors meets periodically, as required for the establishment and review of ADIA's strategic policy, as part of its oversight of ADIA. Khaldoon Khalifa Al Mubarak is the Managing Director & Group Chief Executive Officer of the Mubadala Investment Company PJSC, responsible for aligning Mubadala with Abu Dhabi's economic diversification efforts. H.E. Any candidate for appointment as a Director must first be considered and approved by the Board's Nomination, Compensation, HR & Governance Committee. 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. . Overview We are the Abu Dhabi Investment Office - ADIO. Each asset class has its own fund managers and in-house analysts covering it. 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. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. Board Of Directors; CEO's Message; Staff. The Abu Dhabi Investment Authority (Arabic: , ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. Shareholder support ABU DHABI, Under the patronage of H.H. Board Member of Cleveland Clinic Abu Dhabi. 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. He is former chairman of IMI plc and a former non-executive director of SPIE, BAE Systems plc, Foster Wheeler Corporation, Fondo Strategico Italiano, Equant NV, and PowerGen plc. Get the full list, Youre viewing 5 of 8 board members. 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. [1], ADIA's operations have been characterized as secretive and opaque. 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. Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. H.E. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. The function is both administrative and strategic. Mr. Al Darmaki received a B.S. BSc Business Finance (Lewis &Clark College, USA). [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. Saeed Mubarak Al Hajeri - Vice Chairman Chairman of Abu Dhabi National Energy Company, Executive Director & Member of Strategy Committee at Abu Dhabi Investment Authority and Member of the Editorial Advisory Board of MSCI Barra. He also sits on a number of boards, including AXA and Emirates Post Group. [8] Due to its size, the fund has been influential in international finance. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. 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. 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. There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. The Board of Directors of the Emirates Investment Authority consists of a group of distinguished and accomplished individuals, led by His Highness Sheikh Mansour Bin Zayed Al Nahyan as its Chairman. Contact. Managing Director H.H. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. Board of Directors Board of Directors Management Team Committees Documents Investors Overview About Us Financial Information Bond Information Share Information Calendar Analyst Coverage Corporate Governance Board of Directors Management Team Committees Documents Company Announcements IR Contact Investor FAQs However, all loans are made on arms' length terms. Reporting to H.H., the Managing Director, his current responsibilities as Advisor Managing Director Office include portfolio management, asset allocation, strategic decisions and broad financial analysis. Our Objectives. All rights reserved. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. 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. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . Kanoo has been investing on a personal and company level since 1991. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. 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. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. The board members currently serve for a period of three years, and can be renewed. The Government of Abu Dhabi provides ADIA with funds that it has allocated for investment and are surplus to its fiscal requirements. 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. The Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. 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 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. This is a profile preview from the PitchBook Platform. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. Site Advisory: Fraud Warning; . Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. H.E. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. 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. BSc Electrical Engineering (American University of Beirut). The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. Fatima Al Nuaimi was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. Advisor to the Nigerian Minister of Communications. 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. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. Mansour bin Zayed chairs meeting of EIA Board of Directors. The EIA was established in 2007 through Federal Decree Law No. Board papers are delivered at least 3 business days before each Board meeting. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. View Biography The BRC also guides management on risk appetite across sectors, geographies and customer types. This enabled us to assume the dual roles of a trusted advisor to the Federal Government as well as a highly efficient and capable investment manager of the UAEs sovereign wealth. H.E. Its primary directive is to manage the sovereign wealth of the UAE by investing in a diversified portfolio of assets in key economic sectors and industries with the aim of delivering sustained financial gains for the UAE. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. 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. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department.