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. These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. H.E. Both loans will require onlending 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. All rights reserved. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. Dr. Al Jaber has previously served on the United Nations Secretary Generals High Level Group on Sustainable Energy for All. Staff. 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. Learn more. in International Studies from the John Hopkins University. H.E. 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%. 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 . ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). Board of Directors | Abu Dhabi Investment Group Leadership Board Of Directors Sheikh Dr.Majid bin Saeed Al Nuaimi Chairman 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. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. H.E. . 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. 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. The function is both administrative and strategic. BSc Electrical Engineering (American University of Beirut). The new council was established to support Abu Dhabi's competitiveness and its economic and financial sustainability. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. H.E. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. The Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. The Central Bank the Central Bank provides prudential supervision of banking activities. She became an Investment Manager in 2012. 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. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. Kanoo has been investing on a personal and company level since 1991. 1107 (D.D.C. 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. Mishal Kanoo tries to help people reach their professional dreams. The assets of the fund are managed by the executive management team. 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. Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. 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. 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. Our team helps investors and companies of all sizes establish their business, grow and develop in Abu Dhabi. Post ADIA, he established Abu Dhabi Investment Council (ADIC) in 2007 and served as its Managing Director. Tailored induction programmes are arranged for all newly appointed Directors. We quickly established a formal, three-stage investment process consisting of: rigorous pre-screening and initial due diligence; followed by Investment Committee review and debate; and final investment decision-making from our Executive Committee. Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. Sheikh Zayed does not hold any external directorships. Al Hussaini holds a Masters degree in International Business from Webster University in Geneva, Switzerland. Al Gergawi is the Board Chairman of the Federal Competitiveness and Statistics Authority (FCSA), the government body responsible for developing and enhancing the countrys performance in the areas of global competitiveness and statistics. 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. Chairman of the Board of Directors of the Abu Dhabi Urban Development Co. LLC. H.E. Carlos Obeid joined the ADCB Board of Directors in 2019. All three functions cover all banking activities in general and key risk areas in particular. The current board dates back to the April 2010 reshuffle (Emiri decree n4/2010) and it was fully renewed April 2013. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. Al Marri held important positions in the government as a senior, top-ranking official. 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. The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. Amr Al Menhali was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. Member of the Board of Directors of the Commercial International Bank, Deputy Director of the Excellent Financial Services company, Financial and strategic advisor Noor Bank, Member of the Board of Directors of the Commercial International Bank (CBI), Head of the Institutional Performance Measurement Department within the Strategic Planning Sector, Abu Dhabi Municipality. 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. H.E. 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 Management (University of Sussex, UK). 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. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). Sheikh Mohammed bin Rashid Al Maktoum. 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. In addition to his roles at ADIA and Gulf Capital, Mr. Al Darmaki holds multiple board roles, including Chairperson of Neue Privat Bank (Middle East), Board and Committee Member at Emirates Investment Authority. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? Managing Director H.H. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. Board Of Directors; CEO's Message; Staff. Details of all transactions in which a Director and/or other related parties might have potential interests are provided to the Board for its review and approval. 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. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). 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. 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. All rights reserved. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. Board Of Directors - EIA H.H. All audits are conducted in accordance with the annual audit plan, which is approved by the Audit Committee, and which may be broadened, as circumstances require. BSc Business Finance (Lewis &Clark College, USA). The Bank's policy is to, so far as possible, only engage in transactions with related parties (including Directors) on arm's length terms. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. Mr. Quarta also held various senior leadership positions with BTR plc and served on the board of directors. In addition to this, he is currently a board member in Abu Dhabi Housing Authority and a member of Investment Committee in Sandooq Al Watan. The Board Secretariat assists the management by helping them to understand the requirements and directions of the Board and proactively facilitates the governance of the Bank. Reporting to H.H., the Managing Director, his current responsibilities as Advisor Managing Director Office include portfolio management, asset allocation, strategic decisions and broad financial analysis. The Government of Abu Dhabi provides ADIA with funds that it has allocated for investment and are surplus to its fiscal requirements. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. 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. ABU DHABI INVESTMENTS GROUP OUR WORK TODAY SHAPES ABU DHABI'S TOMORROWS. 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. To develop a constructive relationship with the GCEO and to manage his performance. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. The EIA was established in 2007 through Federal Decree Law No. 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. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. H.E. 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 It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. This is a profile preview from the PitchBook Platform. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. In addition, the Board Secretariat works with various external providers to source suitable tailored training sessions. Dr. Tariq Bin Hendi was recently the Chief Investment Officer of Group 42 (G42). Assistant to the Deputy Director, Colo Dept. Jan Schuster Portfolio Manager - Private Equity Division. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Emirates Investment Authority (EIA), the ABU DHABI, H.H. Almost every asset class is managed both internally and externally. In particular, the Bank recognizes the damage that could be created by conflicts of interest at Board level, whether disclosed or undisclosed; this includes potential conflicts with the interests of the Bank's controlling shareholder and its related parties. 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. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. BSc Business Sciences, Finance (Zayed University, UAE). 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 Badi has more than 35 years of experience in the government and private sector. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. 17 May, 2021. Internal controls are designed to ensure that adequate independent internal checks and balances exist in keeping with the maker-checker or four-eye principle and that the oversight roles are embedded in areas reporting independently to non-originating areas. Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. [12] ADIA also invests in development projects including malls. in Accounting from United Arab Emirates University (UAEU). Feedback. 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. His Excellency holds a PhD in Economics from Imperial College, London. As Chairman of the Board, H.H. Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. 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. His Excellency earned his stripes in professional finance at Citi Bank in London. 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. Contact. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . of Corrections, Colorado Springs, CO, USA. Reporting to H.H., the Managing Dir. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. 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. BSc Civil Engineering (Northeastern University, USA). Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. [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. Investment Stage Secondary Market. As a result of regular written declarations submitted by each of the Board Members, the Board maintains satisfactionthat the other commitments of the Directors do not conflict with their duties, or that, where conflicts may arise, the Board is sufficiently aware and appropriate policies are in place to minimise the risks. Board papers are delivered at least 3 business days before each Board meeting. Number of Exits 23. H.H. [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). It will be backed by a major commitment from the Authority. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. View Biography 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. 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. 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. Abu Dhabi Finance P.P.C is closed UAE Joint stock company headquartered in Abu Dhabi with a paid-up capital of USD ($)142,780,000. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. Mr. Quarta has been a Partner at CD&R for 21 years and is chairman of CD&R Europe. Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. and Abu Dhabi Investment Authority entered into an Agreement and Plan of Merger to acquire Coupa Software Incorporated from a group of. Al Marri is a member of the Boards of Directors of different federal entities. The Council started its operations in April 2007 and is responsible for investing part of the government's surplus financial resources through a globally diversified investment strategy, targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active . Chartered Financial Analyst, (CFA Institute, USA) Saeed Mubarak Al Hajeri - Vice Chairman Chairman of Abu Dhabi National Energy Company, Executive Director & Member of Strategy Committee at Abu Dhabi Investment Authority and Member of the Editorial Advisory Board of MSCI Barra. 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. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. in Business Administration. All rights reserved. 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. Ms. Ghobash holds a Bachelor of Science in Economics from The Wharton School, University of Pennsylvania in the United States of America. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. Carlos Obeid is the Group Chief Financial Officer of Mubadala Investment Company PJSC and is responsible for managing the organisations Business Finance including Treasury and Investor Relations, Financial Planning and Business Performance, and Financial Governance and Reporting. H.E. Its investments in global real-estate at the market top in 2008 have also decreased substantially in value. 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. Beginning his career at the Abu Dhabi National Oil Company, H.E. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE.