Experienced Specialist with a demonstrated history of working in the investment management industry. 13 of 2009. . Dr. Tariq Bin Hendi was recently the Chief Investment Officer of Group 42 (G42). Staff. H.E. 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. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. However, ADIA's ratio of third-party fund managers is being actively managed. Aysha Al Hallami does not hold any external directorships. Mr. Al Badi has more than 35 years of experience in the government and private sector. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. In a short span of time, the EIA has uniquely positioned itself to become an invaluable partner for significant world-class investment opportunities locally, regionally and internationally. The Board maintains awareness of the other commitments of its Directors and is satisfied that these do not conflict with their duties and time commitments as Directors of the Bank. 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. The Audit Committee also periodically meets separately with the Banks internal auditors and the external auditor in the absence of management. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. Get the full list, Youre viewing 5 of 8 board members. Abu Dhabi Investment Authority 's most notable . . Board of directors. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. 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. A performance evaluation of the Board, Board Committees and individual Directors is conducted on an annual basis. Using prudent investment strategies in accordance with global best practice, the EIA . 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. Get the full list, Youre viewing 5 of 98 team members. In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. 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. The Banks internal controls over financial reporting comprise processes designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles. 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. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Governments Executive Office. 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. Thomas Arnold Board Member. Jan Schuster Portfolio Manager - Private Equity Division. He also sits on a number of boards, including AXA and Emirates Post Group. 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. The BRC also guides management on risk appetite across sectors, geographies and customer types. Dr. Al Jaber was appointed to the UAE cabinet in 2013, where he served as a Minister of State of the United Arab Emirates until July 2020. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. Board papers are delivered at least 3 business days before each Board meeting. To lead the Board and ensure the effective engagement and contribution of all Directors, so that the Board may fully discharge its legal and regulatory responsibilities; To ensure effective communication with shareholders and ensure that the Board members understand the views of the major shareholders; To oversee the annual performance evaluation of the Board and individual Directors; and. Even today, investment in short-term paper remains the strategy for the vast majority of countries. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. 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. As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. [10] ADIA is one of the largest sovereign wealth funds in the world. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. Assistant to the Deputy Director, Colo Dept. Number of Exits 23. 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. 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 Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. ABU DHABI, Under the patronage of H.H. 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. The function is both administrative and strategic. The IAG is responsible to ensure that all transactions undertaken by the Bank are conducted in accordance with the Banks internal procedures, and in compliance with applicable legal and regulatory requirements, thereby minimising the risk of fraudulent, improper or illegal practices. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. He was previously elected by ADCB shareholders to join the ADCB Board of Directors in March 2009 and was re-elected by the ADCB shareholders to join the ADCB Board of Directors in 2022. Decree establishes the EIA as sole Federal investment vehicle. 10 The terms and conditions of hard-term and those of regular-term loans in 2013. The Board of Directors are responsible for determining the Bank's strategic direction. Prior to his appointment, H.E. 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. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. 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. Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan 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. Vision To provide the clean power and water that governments, businesses and consumers need for a sustainable and successful life Mission Be a low carbon power and water champion Our Values According to the Sovereign Wealth Fund . As Chairman of the Board, H.H. The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. in Economics and Politics from Bristol University, and obtained an M.A. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. 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. The IAG performs its function in accordance with a risk-based audit methodology. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. Degree in Economics & Finance (Tufts University, USA). He has received various awards including the United Nations flagship award Champion of the Earth in 2012, given to outstanding visionaries and leaders in the fields of policy, science and entrepreneurship. Learn more. In 2013 Dr. Al Jaber was appointed an honorary Commander of the Most Excellent Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. 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. 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. As Chairman of the Board, H.H. 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. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. Mr. Quarta also held various senior leadership positions with BTR plc and served on the board of directors. Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. Furthermore, the UAE Minister of Economy, in his previous post, took part in the unveiling of the Hatta Economic Zone development project and the relaunching of the Mohammed Bin Rashid Center for Leadership Development. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. [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. Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. The Board of Directors (the "Board") is the Bank's principal decision-making forum. Site Advisory: Fraud Warning; . To develop a constructive relationship with the GCEO and to manage his performance. 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. Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team. Ms. Ghobash holds a Bachelor of Science in Economics from The Wharton School, University of Pennsylvania in the United States of America. The Abu Dhabi Investment Group (ADIG) is an investment arm of the Bin Aweidha Corporation Holding, Established in 1968, Based in Abu Dhabi, With Capital 1 Billion USD. 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. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. H.E. All rights reserved. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. She also has an MBA in International Finance and is a member of the Institute of Management Accountants, IMA. Previously, Mr. Al Darmaki held the position of Chairman at the Central Bank of the UAE, Abu Dhabi Investment Company, Abu Dhabi Securities Market, Global Investment House (Kuwait), and as a Board Member at National Bank of Abu Dhabi, Al Hilal Bank, Arab Banking Corporation and Qatar Telecom (Ooredoo). Any candidate for appointment as a Director must first be considered and approved by the Board's Nomination, Compensation, HR & Governance Committee. [8] Due to its size, the fund has been influential in international finance. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. The Abu Dhabi Investment Council was splintered off from the Abu Dhabi Investment Authority (ADIA) . . Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. Their most recent diversity investment was on May 6, 2021, when Charter Next Generation raised Abu Dhabi Investment Authority has had 22 exits. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Its board of directors, which is made up of members nominated by the two companies, is responsible for directing the company's independent strategy and developing its business. He was part of the high-profile team that was behind the launch of Area 2071, the nucleus of the future envisioned in the UAE Centennial Plan 2071. Tailored induction programmes are arranged for all newly appointed Directors. Saeed Almazrouei was appointed to the ADCB Board of Directors in 2019. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. [2][3][4], In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. 17 May, 2021. All internal control systems, no matter how well designed, have inherent limitations and they may not prevent or detect misstatements. 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. The scope of the audit is agreed between the Audit Committee and the auditor. She became an Investment Manager in 2012. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. 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. Reporting to H.H., the Managing Director his current responsibilities at ADIA include. 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. 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. MSc Finance & Banking (Cass Business School, City University, UK) Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. [6][citation needed], In the Bank of Credit and Commerce International scandal of the 1990s, ADIA reportedly lost hundreds of millions of dollars. It often buys partial interest ownerships with leading real estate managers. He was also responsible for all Treasury activities including Mubadalas bond issuances and project financing. Devoting his career to progress, bold ideas and teamwork, His Excellency has positioned ADIO to always seek new ideas and challenges in order to promote Abu Dhabi globally. This is a profile preview from the PitchBook Platform. MSc Business Administration (INSEAD) 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 Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. 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. [4], The operations of ADIA have historically and to the present been secretive and opaque. Aysha Al Hallami does not hold any external directorships. 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 started his career at Abu Dha. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. H.E. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . 4 of 2007 as amended by Federal Decree Law No. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. The Board of Directors is responsible for Mubadala's strategic direction, oversight and corporate governance, ensuring the business delivers on the government of Abu Dhabi's development and diversification priorities. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. 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. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. ADIA does not seek to manage or take an operational role in the companies in which it invests. 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. 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. Managing Director H.H. Abu Dhabi Investment Group (ADIG) is the investment arm of Bin Aweidha Holding and based in Abu Dhabi. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). The IAG also oversees and conducts the Banks internal audit function. H.E Mohamed Hassan Alsuwaidi. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. 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. The Board considers that there is an appropriate balance of knowledge, skills and experience on the Board and that the size and balance of the Board is appropriate. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. Dr. Al Jaber has previously served on the United Nations Secretary Generals High Level Group on Sustainable Energy for All. BSc Computer Information Systems (Bethune Cookman College, USA). Mr. Quarta has been a Partner at CD&R for 21 years and is chairman of CD&R Europe. Al Gergawi is the Secretary-General of the Mohammed bin Rashid Global Initiatives (MBRGI), a philanthropic foundation that combines under its umbrella over 30 humanitarian and developmental initiatives and entities. [11], Today ADIA invests in all the international markets equities, fixed income and treasury, infrastructure, real estate, private equity and alternatives (hedge funds and commodity trading advisers CTAs). 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. 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. Beginning his career at the Abu Dhabi National Oil Company, H.E. The external audit partner attends meetings of the Audit Committee by invitation and, if so required, attends the Board meetings when the annual and quarterly reports are approved and signed, and otherwise when needed. in Accounting from United Arab Emirates University (UAEU). In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed 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. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. 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%. Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. All rights reserved. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. BSc Finance (Suffolk University, USA). Based in London, he played the lead operating role in the Firms investment in SPIE and served as chairman of the supervisory board of Rexel during CD&Rs ownership of the company from 2005 to 2014. Chartered Financial Analyst, (CFA Institute, USA) A seasoned banker with strong leadership skills across all facets of the business and with extensive expertise in strategy, finance, risk, investment, credit and corporate governance. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. He started his career at Abu Dhabi Investment Authority in the year 1982. 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. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. MSc National Security and Strategic Studies (National Defense College, UAE)

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