It will set financial and economic policy and will oversee the approval of strategies for a number of state-owned entities including Adnoc, Mubadala Investment Company, Abu Dhabi Investment Authority and holding company ADQ. 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. . The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. Abu Dhabi Investment Group (ADIG) is the investment arm of Bin Aweidha Holding and based in Abu Dhabi. Mr. Quarta also held various senior leadership positions with BTR plc and served on the board of directors. 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. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application. 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. 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. Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. She also served on the boards of National Bank of Abu Dhabi, Al Hilal Bank and National Takaful Co. Watania and was a Director in the Global Special Situations Department at the Abu Dhabi Investment Council. H.E. All rights reserved. ADIA does not seek to manage or take an operational role in the companies in which it invests. Prior to taking on the leadership position at ADNOC, Dr. Al Jaber was the Chief Executive Officer of the Energy platform at Mubadala, the Abu Dhabi governments strategic investment arm. His Excellency holds a PhD in Economics from Imperial College, London. Mr. Kanoo currently serves as the Chairman of The Kanoo Group, one of the largest, longest running and independent family-owned groups of companies in the Gulf region. In 2013 and 2014 we were entrusted with the custody of three additional strategic assets Emirates Post, Emirates Transport and Al Masraf bank. For over 50 years, the Group has played . [13], Many of ADIA's investments have decreased substantially since investments were made at market peaks in 2007 and 2008. Abu Dhabi Investment Authority (ADIA) is a public institution established in 1976 by the Government of the Emirate of Abu Dhabi as an independent government investment institution. The majority of the Directors are UAE nationals, as per the requirements of the Federal Commercial Companies Law and the Bank's articles of association. ADIAs assets are not classified as international reserves. Assistant to the Deputy Director, Colo Dept. 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. Abu Dhabi Investment Authority 's most notable . PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi MSc Business Administration, minor in Management Information Systems and Strategic Planning (Widener University, USA) 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. 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. Investment Stage Secondary Market. The Central Bank the Central Bank provides prudential supervision of banking activities. in Accounting from United Arab Emirates University (UAEU). 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. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. is also the former Director General of the Executive Office of H.H. 13 of 2009. Ms. Ghobash holds a Bachelor of Science in Economics from The Wharton School, University of Pennsylvania in the United States of America. According to the Sovereign Wealth Fund . Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan H.E. Abu Dhabi Investment Authority has made 51 investments. The Board of Directors is the highest authority within the Council and is composed of a Chairman, Managing Director and other board members, all of whom are senior government officials appointed by Decree from the Ruler of . 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. Board Of Directors - EIA H.H. [10] Dr. Tariq Bin Hendi was recently the Chief Investment Officer of Group 42 (G42). H.E. Our team helps investors and companies of all sizes establish their business, grow and develop in Abu Dhabi. Experienced Specialist with a demonstrated history of working in the investment management industry. Monitoring by the Central Bank is undertaken by way of regular inspections of banks and their records and the requirement for regular submission of data including credit data and anti-money laundering measures. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. In 2019, Dr. Al Jaber received a lifetime achievement award from his Excellency the prime minister of India, Narendra Modi, for his contributions to energy security, building bridges to emerging Asian economies and for reshaping traditional energy business models. 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. 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. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. Win whats next. Its investments in global real-estate at the market top in 2008 have also decreased substantially in value. Thereafter, senior management provides regular updates to the Board of Directors to monitor progress against budget and strategy and permit any necessary modifications or adjustments in strategic direction. All internal control systems, no matter how well designed, have inherent limitations and they may not prevent or detect misstatements. Skilled in Real Estate & Private Equity Risk Due Dilligence. EIA invests into a globally diversified investment portfolio. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. This Initiative creates a new framework for the development and promotion of world class, and global scale, renewable energy and resource sustainability industries in Abu Dhabi. Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. Former board positions include: Chairman of Abu Dhabi Commercial Bank, Vice Chairman of the Abu Dhabi Investment Company, Governor of the Board of the CFA Institute . 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. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. [4], The operations of ADIA have historically and to the present been secretive and opaque. 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. H.E. Board of Directors Corporate Governance Board of Directors H. E. Khaldoon Khalifa Al Mubarak CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR) Read more H. E. Hussain J. AlNowais VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR) Read more Khaled H. Alkhoori INDEPENDENT, NON-EXECUTIVE DIRECTOR Read more Khalid Deemas Alsuwaidi NON-EXECUTIVE DIRECTOR 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. 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. It often buys partial interest ownerships with leading real estate managers. 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. 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. 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. Carlos Obeid joined the ADCB Board of Directors in 2019. The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. | Advanced search Mr. Mishal Kanoo is one of the most iconic business figures in the Middle East and has a reputation as a futurist and strategist with a strong track record in forecasting economic developments in the region. He started his career at Abu Dhabi Investment Authority in the year 1982. 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. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. 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. She has also successfully completed the General Management Program at Harvard Business School. In the event that a vacancy arises, Directors are permitted to elect any individual nominated to fill the vacancy, but any director so appointed must seek election by the shareholders at the next annual general meeting. United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. 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. Abu Dhabi Investment Authority's new research centre makes its debut with $100,000 award Adia Lab expected to play a proactive role in the development of the emirate's digital ecosystem The Abu Dhabi Investment Authority is capitalising on its technology and data analytics capabilities as it charts its future investment opportunities. 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. Beginning his career at the Abu Dhabi National Oil Company, H.E. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. Its responsibilities also include reviewing the appropriateness and effectiveness of the Group's risk management systems and controls, reviewing the outcome of stress tests and the Bank's stress-testing methodology, overseeing the Management Risk Committees and ensuring that the Bank's risk governance is supportive of prudent risk-taking at all levels in the Bank. H.E. Governance structures in place- kick starts reputation as standard-bearer for good governance. At EIA, we value our staff as one of our most . Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. The Bank's Board of Directors comprises 11 Directors - majority of which are independent, non-executive Directors elected or appointed by the Bank's shareholders. Al Ramz Corporation, one of the most active brokerages and investment companies in the UAE, trading member and clearing member in Dubai Financial Market DFM, Abu Dhabi Exchange and Nasdaq Dubai for equities, bonds, SUKUK and futures, also a market maker and liquidity provider in the local three markets. Playing a role in bettering peoples lives is a great instigator for doing what he does. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. We first developed an effective corporate governance framework with a strong board of directors and an active Executive Committee which reflected the unique nature of our mandate. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA.

Jazzy Power Chair Joystick Controller, Articles A