BSc Business Management (University of Sussex, UK). BSc Computer Information Systems (Bethune Cookman College, USA). The Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. He also sits on a number of boards, including AXA and Emirates Post Group. The new council was established to support Abu Dhabi's competitiveness and its economic and financial sustainability. PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. 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 . The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. H.E Mohamed Hassan Alsuwaidi. Board Member of Cleveland Clinic Abu Dhabi. She is also a CFA and CAIA charter holder. . Get the full list, Youre viewing 5 of 8 board members. To develop a constructive relationship with the GCEO and to manage his performance. 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. to the UAEs economy. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. 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. 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. MSc International Securities Investment and Banking (University of Reading, UK) 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. She is an integral part of the team responsible for selecting, building and managing a portfolio of funds and relationships in Europe, Middle East & Africa. 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. Directors are eligible to receive, and have received, loans from the Bank. The Dubai 10X initiative, in particular, aims to strengthen the emirates bid to become the city of the future. He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. H.E. 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. 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. BSc Finance (Suffolk University, USA). Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. Gains Strategic Assets: Al Masraf, Emirates Post and Emirates Transport. 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. With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. The following matters are reserved to the Bank's Board in accordance with best practices: The Board conducts a formal and rigorous evaluation of its performance annually, with a view to constructively identifying areas of success and achievement, as well as areas, which may require improvement. 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. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. Though it talks of its long term success in generating returns, the fact that it has moved closer to the index and manages most of its funds through external third party fund managers shows that its tolerance for risk taking is greatly diminished over the years. is also the former Director General of the Executive Office of H.H. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. Mohammed Habroush Al Suwaidi H.E. Last edited on 23 February 2023, at 20:27, Bank of Credit and Commerce International, International Forum of Sovereign Wealth Funds, "Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets", "Gulf sovereign wealth funds among world's least transparent", "Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance", "Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny", "Money and mystery: Adia unveils its secrets", "Generally Accepted Principles and Practices (GAPP)Santiago Principles", https://www.swfinstitute.org/fund-rankings/sovereign-wealth-fund, "The Abu Dhabi Investment Authority is a Buyer of Hotels Sovereign Wealth Fund Institute", "Abu Dhabi Power to take control of TAQA in asset swap", "Abu Dhabi Investment Authority Publishes 2012 ADIA Review", "Sheikh Ahmed Bin Zayed Al Nahyan: 1969-2010", "H.H. In July 2020, Dr Al Jaber was appointed Chairman of Emirates Development Bank, a key partner in providing financial services for the sustainable economic and social development of the UAE. Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). . Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. 2023 PitchBook. H.E. The function is both administrative and strategic. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. Mr. Al Darmaki received a B.S. Dr. Al Jaber has initiated a program of increased efficiencies, strengthened ADNOCs overall performance and fostered a more commercial mindset. Between 1981 and 2014, he led strategic positions in the government of United Arab Emirates including Minister of Health, Minister of Oil and Natural Resources, Vice President of OPEC, Chairman of the Executive Board of the Arab Ministers of Health, Establisher and Chairman of the Executive Board of the Federal Environment Agency, Chairman of the Executive Board of Emirates Petroleum, Member of the Advisory Board of Eastern Mediterranean Regional Organization World Health Organization, Member of the Board of Trustees of Emirates Foundation, a philanthropic organization set up by the Government of the Emirate of Abu Dhabi, Member of the Board of Abu Dhabi Council for Economic Development an economic policy advisory council established by law in the Emirate of Abu Dhabi. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. Feedback. Mansour bin Zayed chairs meeting of EIA Board of Directors. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. Dr. Al Jaber served as Chairman of the UAE National Media Council from 2015 to 2020, where he led an organizational and governance restructure, while guiding the media sectors development as a responsive and responsible contributor to news and knowledge sharing in the digital and social media age. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. Phone Number (971) 241-5000. 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. 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. 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. Al Gergawi also holds the position of Deputy Chairman of the UAEs Ministerial Development Council, as well as Emirates Investment Authority, the UAE Federal Governments sovereign wealth fund. 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. in Business Administration. The Bank is committed to sound corporate governance practices. 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. H.E. The Board of Directors (the "Board") is the Bank's principal decision-making forum. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. As an Institution in which the government of Abu Dhabis share is not less than 50%, the Bank is subject to audits by Abu Dhabi Accountability Authority. In 2006, between 70% and 80% of the organization's assets were managed outside with an aim to bring that down to between 60% and 70%. In carrying out its audit activities and responsibilities, members of the IAG have unrestricted access to all of the Banks records (either manual or electronic), assets, physical properties and personnel, relevant to the audit. 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. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi H.E. Degree in Economics & Finance (Tufts University, USA). It often buys partial interest ownerships with leading real estate managers. BSc Electrical Engineering (American University of Beirut). Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). MSc Business Administration (INSEAD) Jan Schuster Portfolio Manager - Private Equity Division. The EIA was established in 2007 through Federal Decree Law No. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. Any additional work proposed to be performed by the external auditor is reviewed by and approved by the Audit Committee on an item-by-item basis. BSc Business Finance (Lewis &Clark College, USA). It is the responsibility of Banks Board of Directors to: Control activities are closely monitored across the Bank by the Banks internal audit function, working independently of management. 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. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. In keeping with the Bank's principles of transparency, Directors may use the iPad application to view and access all documents presented to the Bank's management committees, as well as minutes of meetings of those committees. ADCB has implemented a Directors' conflicts of interest policy. 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. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? 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. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. The board members currently serve for a period of three years, and can be renewed. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. 4 of 2007 as amended by Federal Decree Law No. MSc National Security and Strategic Studies (National Defense College, UAE) 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. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization.
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