VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. She is an integral part of the team responsible for . Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise. The Board Secretariat maintains a conflicts register that is regularly reviewed by the Nomination, Compensation, HR & Governance Committee. Using prudent investment strategies in accordance with global best practice, the EIA . Sheikh Zayed bin AweidhaMANAGING DIRECTOR, Dr. Ahmed Abdulla Ghaith Al SuwaidiBoard Member. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Contact. 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. [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). In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. In particular, it sets the goals, strategies and policies of the Bank. H.E. 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. The Chairman's main responsibilities include: The day to day management of the Bank has been delegated by the Board to the GCEO and the senior management team. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. MSc Finance & Banking (Cass Business School, City University, UK) Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. 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. Degree in Economics & Finance (Tufts University, USA). MSc International Securities Investment and Banking (University of Reading, UK) 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. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. The Board of Directors (the "Board") is the Bank's principal decision-making forum. 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 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. 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. As a listed company, the Bank is subject to the rules and regulations enforced by the Emirates Securities and Commodities Authority and the markets upon which its shares and debt are listed, including the ADX, the London Stock Exchange, the Irish Stock Exchange, the Luxembourg Stock Exchange and the Swiss Stock Exchange. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. However, all loans are made on arms' length terms. Al Gergawi also holds the position of Deputy Chairman of the UAEs Ministerial Development Council, as well as Emirates Investment Authority, the UAE Federal Governments sovereign wealth fund. H.E. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. Ms. Ghobash currently serves as a board member of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution), Emirates Telecommunications Group Company Etisalat, Emirates Development Bank and Zayed University. Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. Begins to serve as advisor to Cabinet on key assets and corporate governance. It will be backed by a major commitment from the Authority. H.E. One-third of the Board will seek re-election on an annual basis. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). Even today, investment in short-term paper remains the strategy for the vast majority of countries. 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. As Chairman of the Board, H.H. H.E. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application. 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. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. ABU DHABI, Under the patronage of H.H. Ensure that effective measures are in place to safeguard the Banks assets; Ensure proper accounting records and reliable financial information by procedures designed to avoid or reduce risks and ensure compliance with applicable laws and regulations; Ensure that an adequate and effective system of internal controls and procedures is established and maintained; and. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. Playing a role in bettering peoples lives is a great instigator for doing what he does. The Board maintains awareness of the other commitments of its Directors and senior management. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. These principles were created to demonstrate to home and recipient countries and the international financial markets that sovereign wealth funds had robust internal frameworks and governance practices and that their investments were made only on an economic and financial basis. To read relevant policies please see below: The Bank's Board Secretariat and Corporate Secretariat function acts as an interface between the Board and management. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. 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 General Information Description Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. Board Of Directors; CEO's Message; Staff. As an Institution in which the government of Abu Dhabis share is not less than 50%, the Bank is subject to audits by Abu Dhabi Accountability Authority. 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. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. 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. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. H.E. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. Khalil Mohammed Sharif Foulathi Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 Fraud Warning Terms & Conditions Sitemap Contact His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Government. ABU DHABI, Under the patronage of H.H. 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. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. Contact Email dg_dgm@yahoo.in. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). In 2013 and 2014 we were entrusted with the custody of three additional strategic assets Emirates Post, Emirates Transport and Al Masraf bank. 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. In the year 2005, Abu Dhabi Investment Company purchased 51 percent of shares of Massar (Company) from Abu Dhabi Power Corporation, a subsidiary of Abu Dhabi Water & Electricity Authority. HE Dr Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology, the UAE's special envoy on climate change, Chairman of Masdar, and President-Designate of COP28 - the first CEO to serve in this role. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. His Excellency earned his stripes in professional finance at Citi Bank in London. 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. The EIA was established in 2007 through Federal Decree Law No. MSc Business Administration, minor in Management Information Systems and Strategic Planning (Widener University, USA) 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. It often buys partial interest ownerships with leading real estate managers. 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. And a Chairman at Emaar Malls PJSC and an Independent Director at Badwa Capital Ltd.He previously served on the board of The National General Insurance Company and Takaful House, both publicly listed insurance companies, and was appointed as the interim chairman of Dubai Bank after its takeover by Emirates NBD. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. 4 of 2007 as amended by Federal Decree Law No. H.E. The function is both administrative and strategic. ADIA has robust governance standards with clearly defined roles and responsibilities that ensure accountability. 4 of 2007 as amended by Federal Decree Law No. BSc Finance (Suffolk University, USA). Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. He also sits on a number of boards, including AXA and Emirates Post Group. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. 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. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. All rights reserved. ABU DHABI, H.H. Mishal Kanoo tries to help people reach their professional dreams. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team.

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