BSc Business Sciences, Finance (Zayed University, UAE). Collectively, the Board possesses knowledge, experience and skills appropriate for the Bank. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. ADIA Lab announces Advisory Board, academic collaborations and 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. H.E. Directors are eligible to receive, and have received, loans from the Bank. For over 50 years, the Group has played . Home | Abu Dhabi Investment Group Previously, Dr Bin Hendi was the Director General of the Abu Dhabi Investment Office (ADIO) since October 2019. 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. Degree in Economics & Finance (Tufts University, USA). Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. Acting within authority delegated by the Board, the Board Risk Committee (BRC) has overall responsibility for oversight and review of all risk types - credit, market, operational, liquidity, fraud, reputational, etc. ADIA's Board of Directors meets periodically, as required for the establishment and review of ADIA's strategic policy, as part of its oversight of ADIA. Feedback. Managing Director | Abu Dhabi Investment Council The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. Board of Directors Members and Their Duties | AD Ports Group 10 The terms and conditions of hard-term and those of regular-term loans in 2013. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. Abu Dhabi Investment Authority - PitchBook Data H.E. Shareholder support ADGM leadership The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. MSc Business Administration (INSEAD) 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. Sheikh Zayed bin AweidhaMANAGING DIRECTOR, Dr. Ahmed Abdulla Ghaith Al SuwaidiBoard Member. . Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. 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. [10] ADCB has implemented a Directors' conflicts of interest policy. It is primarily involved in the establishment of Abu Dhabi National Bank 1968, and working in multiple sectors such as Banking, Financial services as well as Insurance services and manages investments. 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. . 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. ADIA has robust governance standards with clearly defined roles and responsibilities that ensure accountability. H.E. BSc Civil Engineering (Northeastern University, USA). Number of Exits 23. Please refer to ADCBs annual report for further details on Directors remuneration. Dr Sultan Al Jaber | Masdar Chairman and COP 28 President - Masdar.ae However, in 1976, Sheikh Zayed bin Sultan Al Nahyan, the founding president of the United Arab Emirates, converted it into the Abu Dhabi Investment Authority. Through strategic investments, AD Ports has grown to become a full service transportation hub, leveraging Abu Dhabis location at the nexus of three continents, and making significant contributions to the UAEs economy and diversification efforts. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. Media & Resources - EIA Copyright 2023 ADCB. Board of Directors - Gulf Capital His Excellency earned his stripes in professional finance at Citi Bank in London. 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 . The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. He holds a Bachelors Degree in Economics from Northeastern University of Boston, Massachusetts, U.S.A. Mr. Mohamed Hadi Al Hussaini is the Chariman of Emirates Integrated Telecommunications Co. PSJC, and currently he sits on the board of Emirates NBD, Em. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. H.E. Jan Schuster Portfolio Manager - Private Equity Division. Al Marri is a member of the Boards of Directors of different federal entities. As a distinguished economist he became one of the top corporate turnover specialists and the most influential player in the history of UAE financial markets. While the Board's Audit Committee oversees and reviews the Banks compliance policies and their implementation, the Group Compliance department is responsible for monitoring compliance with local regulatory requirements. In this role, he oversees platform-wide activities, supports the delivery of the platforms investment strategy, manages the platforms capital allocation, ensures the successful implementation of capital deployment and monetization transactions and assesses value, risks and expected returns. She has over ten years of experience in funds and direct private equity investments. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. The function is both administrative and strategic. 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. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. Although the IAG conducts audits on all of the Banks units, the frequency of internal audits carried out with respect to each of the Banks units depends on the inherent risk of that unit and its related control risk evaluation. The new council was established to support Abu Dhabi's competitiveness and its economic and financial sustainability. 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. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi 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. 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. in Economics and Politics from Bristol University, and obtained an M.A. is also the former Director General of the Executive Office of H.H. Abu Dhabi Investment Authority (ADIA) - Investopedia Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. Skilled in Real Estate & Private Equity Risk Due Dilligence. It often buys partial interest ownerships with leading real estate managers. 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 Abu Dhabi Investment Authority's new research centre makes its debut Board Of Directors - EIA H.H. Assistant to the Deputy Director, Colo Dept. 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. Chartered Financial Analyst, (CFA Institute, USA) The IAG performs its function in accordance with a risk-based audit methodology. United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. ADGM has also tapped on the inherent strengths of the Abu Dhabi economy to establish an international financial centre which will stand alongside the world's leading centres, such as Hong Kong, Singapore, London and New York, operating in partnership with them. 17 May, 2021. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. 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. In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. Mubadala Infrastructure Partners Limited, Chairman (2008), UAE, Cleveland Clinic Abu Dhabi LLC, Non-Executive Director (2010), UAE, GlobalFoundries Inc, Non-Executive Director (2012), USA, Mubadala Capital, Non-Executive Director, (2021), UAE, Borealis AG, Non-Executive Director (2020), Austria, Nova Chemicals Corporation, Non-Executive Director (2021), Canada, Aabar Investments PJSC, Non-Executive Director (2017), UAE, Abu Dhabi Retirement Pension & Benefits Fund (Operating Company), Non-Executive Director (2019), UAE, CEPSA - Compaa Espaola de Petrleos S.A., Non-Executive Director, Non-Executive Director (2019), Spain, OMV AG, Non-Executive Director (2021), Austria, International Petroleum Investment Company, Non-Executive Director, UAE, Yas Holding LLC, Non-Executive Director (2021), UAE.