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. Prior to CD&R, he served as CEO of BBA Group plc from 1993 to 2001, leading the successful restructuring and reorganization of the company, and continued to serve as chairman from 2001 to 2006. 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. Over this decade, AD Ports has become a thriving business, turning a profit two years ahead of the approved business plan. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. BSc Electrical Engineering (American University of Beirut). 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. In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). Learn more. Dr. Al Jaber is Chairman of the Board of Trustees of the Mohamed bin Zayed University of Artificial Intelligence, the Worlds first graduate-level, research based AI University. H.E. Our team helps investors and companies of all sizes establish their business, grow and develop in Abu Dhabi. Minister of Federal Supreme Council Affairs, Executive Council Member Government of Ajman, Knowledge and Human Development Authority Government of Ajman, Board Member of the Commercial Bank International (CBI), Bin Aweidha Corporation Holding Managing Director, Market Makers Financial Advisory Managing Director, Founder and CEO of Liberal Lawyers and Legal Consultants, Member of the Board of Directors of World Investments P.S.C, Partner in Market Experts Financial Brokerage Company (LLC), Partner and Director of Gate Business Investment (LLC), Founder and Director of Al Madina Co.(Stock and Bond Broker) LLC, Member of the Board of Directors of Experience Gate Company for Management Consulting (LLC), Founder and Chairman of the Abu Dhabi Tahseel Company (LLC), Member of the Association of Emirates Safer Internet Society, Board Member of Agricultural Trading & Development Co. Ltd, Director General Airport Free Zone Authority, Board Member of UAE Football Association, Elected Member of Federal National Council (U.A.E Parliament), Member Of Arab Parliament (Cairo & Damascus), Board Member of UAE Insurance Authority, Vice Chairman of the Board of Directors of Al-Ghaith Holding Company (private shareholding), Member of the Board of Directors of Al Ain National Insurance Company, Member of the Board of Directors of the National Marine Dredging Company, Member of the National Consultative Council of Abu Dhabi, Member of the Abu Dhabi Tawteen Board of Directors, Honorary member of the Al Ain Sports and Cultural Club, Chairman of the Board of Directors of Prestige Jet Private Aviation Company, Chairman of Makasib Islamic Financial Services Board. Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. Both loans will require onlending In 2008, ADIA co-chaired the International Working Group of 26 sovereign wealth funds that produced the "Generally Accepted Principles and Practices of sovereign wealth funds" (known as the Santiago Principles). Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. 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. Board Of Directors; CEO's Message; Staff. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. 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 He has completed a General Management Program from Harvard Business Schools and holds Bachelor in Business Administration with Honours. Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. In this role, he oversees platform-wide activities, supports the delivery of the platforms investment strategy, manages the platforms capital allocation, ensures the successful implementation of capital deployment and monetization transactions and assesses value, risks and expected returns. H.E. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. He has also been Chairman of Emirates Financial Services. Abu Dhabi Investment Authority's new research centre makes its debut H.E. Home - EIA 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. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. 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. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July 2020. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. All three functions cover all banking activities in general and key risk areas in particular. Shareholder support Our Objectives - EIA Abu Dhabi Investment Authority - PitchBook Data The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Mr. Quarta also held various senior leadership positions with BTR plc and served on the board of directors. Click here for Terms of Reference for the Board of Directors. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. 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. 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. His dedication to advancing the United Arab Emirates has been demonstrated through numerous director and chairman roles in major financial institutions and government bodies: Chairperson of the Board of UAE Central Bank, Chairperson of the National Bank of Abu Dhabi, Member of the Supreme Petroleum Council, Board Member of ADIA, Chairman of Abu Dhabi National Insurance Company, Member of Allianz International Advisory Board and Chairperson of the Arab Banking Corporation. Governance - ADIA Board of Directors | Abu Dhabi Finance P.P.C He has more than 16 years of banking experience, having held senior management positions with National Bank of Abu Dhabi and First Gulf Bank. In the year 2005, Abu Dhabi Investment Company purchased 51 percent of shares of Massar (Company) from Abu Dhabi Power Corporation, a subsidiary of Abu Dhabi Water & Electricity Authority. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team. He started his career at Abu Dhabi Investment Authority in the year 1982. Board Of Directors; CEO's Message; Staff. Assistant to the Deputy Director, Colo Dept. 4 of 2007 as amended by Federal Decree Law No. 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. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. H.E. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi 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. [1], ADIA's operations have been characterized as secretive and opaque. BOD | Al Ramz - Al Ramz Corporation PJSC - WE LIVE BY OUR WORD H.E. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Mr. Mohamed Hadi Al Hussaini is the Chariman of Emirates Integrated Telecommunications Co. PSJC, and currently he sits on the board of Emirates NBD, Emirates Islamic Bank and Dubai Refreshments Company. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. 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. Abu Dhabi Investment Authority has made 51 investments. The Bank is committed to sound corporate governance practices. 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. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. Prior to joining ADIO, His Excellency held leadership roles at various institutions, including Emirates NBD, Mubadala, and Citibank. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. 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. Governance structures in place- kick starts reputation as standard-bearer for good governance. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. Phone Number (971) 241-5000. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. Board Of Directors - EIA H.H. Contact Email dg_dgm@yahoo.in. Ensure that effective measures are in place to safeguard the Banks assets; Ensure proper accounting records and reliable financial information by procedures designed to avoid or reduce risks and ensure compliance with applicable laws and regulations; Ensure that an adequate and effective system of internal controls and procedures is established and maintained; and. 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. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. ADIA Lab announces Advisory Board, academic collaborations and 10 The terms and conditions of hard-term and those of regular-term loans in 2013. Staff - EIA The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. MSc Computer Science (University College London, UK) The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. How satisfied are you with the overall experience on our website? Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. Strategy and management - setting the Bank's long-term objectives and commercial strategy, and monitoring management's performance; Structure and capital - approving changes relating to capital structure, corporate structure and management and control structures; Financial reporting, planning and controls - approving interim and final results, annual report and accounts, dividends, business plans, budgets (including funding plans) and forecasts, significant changes in accounting policies or practices, remuneration of and appointment or removal of auditors and other material accounting policies; Internal controls - setting and monitoring internal controls; Risk - setting the Bank's risk strategies and appetite and monitoring the Bank's approach to material risks; Major transactions - approving major capital investments and projects, by reason of materiality or size, including acquisitions, mergers, disposals, and material contracts not in the ordinary course of business; Board and other appointments - appointment or removal of the GCEO, the Board Secretary and other senior management, succession planning, terms of reference and membership of Board Committees, annual performance review of directors and Board Committees; GCEO - annual evaluation and supervision of the GCEO; Remuneration - determining policy for remuneration of directors and senior executives, creation and approval of share incentive plans and other remuneration schemes; and. Aramis Partners | Board of Directors He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. EIA invests into a globally diversified investment portfolio. The Board of Directors (the "Board") is the Bank's principal decision-making forum. H.E. The Central Bank the Central Bank provides prudential supervision of banking activities. MSc National Security and Strategic Studies (National Defense College, UAE) In 2006, while at Mubadala, at the direction of the UAE leadership, he helped establish Masdar, Abu Dhabis pioneering renewable energy initiative, and served seven years as its CEO, guiding its global contribution to clean technology and sustainable development. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. 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. Using prudent investment strategies in accordance with global best practice, the EIA . All rights reserved. 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. [13] [8] Due to its size, the fund has been influential in international finance. 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 A performance evaluation of the Board, Board Committees and individual Directors is conducted on an annual basis. She became an Investment Manager in 2012. . The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. Get the full list, Youre viewing 5 of 98 team members. 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. 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. Citigroup to sell equity to Abu Dhabi investors - chron.com Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. H.E. In this role, he also spearheaded many initiatives to get the pulse of the people and know their sentiments, as well as build the UAEs long-lasting relations with international organizations such as the World Economic Forum. 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 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.
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