Wknd. KTBuzzon Inspired Living Indulge City Times KT Mobile KT ePaper KT Competitions Subscribe KT
Khaleej Times Google Plus Page Khaleej Times Facebook Page Khaleej Times Twitter Page Khaleej Times on Instagram
   
  UAE Sports
  Cricket
  Football
  Horse Racing
  Tennis
  Sports Talk
   
   
  wknd.
  Indulge
  Inspired Living
  Parent Talk
   
   
  Classifieds
  Properties
  Used Cars
   
Business Home > Archive
 
Shaikh Mohammed Appoints New DFSA Directors

30 December 2008

DUBAI - His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, appointed on Monday two new board directors of financial regulator Dubai Financial Services Authority (DFSA).

The new appointees to the 12-member DFSA board are Fadel Abdullah Al Ali and Abdul Wahid Al Ulama.

On December 1, Shaikh Mohammed appointed Paul Koster as DFSA chief executive.

“I am particularly delighted to welcome our new members. Both are leading figures in their fields and will provide valuable regional input and insight to the DFSA,” its chairman Abdullah Saleh commented in a press statement.

Newly-minted DFSA board member Fadel Abdullah has extensive experience in the financial industry, having worked at Citibank and the Dubai Mercantile Exchange prior to being named executive chairman of Dubai Holding.

He is also a member of several Dubai Holdings entities, including the Jumeirah Group.

Abdul Wahid sits as a member of the board of directors for Dubai World, vice-chairman of Leisure Corp LLC and vice-chairman of Dubai Natural Resources World.

A member of the Dubai International Financial Centre’s Islamic Finance Advisory Council, Abdul Wahid, a Chevening scholar, obtained his LLM Masters from the University of London, specialising in international trade and maritime law.

The DFSA’s regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.

 rocel@khaleejtimes.com

 

Comments
comments powered by Disqus