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%. 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. Board Of Directors - EIA Phone Number (971) 241-5000. He has more than 16 years of banking experience, having held senior management positions with National Bank of Abu Dhabi and First Gulf Bank. 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. Number of Exits 23. The Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. [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. 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. It periodically reviews and monitors compliance with the Group's overall risk appetite and makes recommendations thereon to the Board. Playing a role in bettering peoples lives is a great instigator for doing what he does. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. 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 Bank's policy is to, so far as possible, only engage in transactions with related parties (including Directors) on arm's length terms. Sheikh Zayed bin AweidhaMANAGING DIRECTOR, Dr. Ahmed Abdulla Ghaith Al SuwaidiBoard Member. 4 of 2007 as amended by Federal Decree Law No. Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. 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. ABU DHABI, Under the patronage of H.H. BSc Computer Information Systems (Bethune Cookman College, USA). Board Of Directors - Abu Dhabi Pension Fund The Board of Directors (the "Board") is the Bank's principal decision-making forum. 4 of 2007 and amended by Federal Decree Law No. He has guided ADNOC through a number of strategic firsts, including entering the global capital markets for the first time, completing the first ever IPO of an ADNOC business (ADNOC Distribution) and attracting significant FDI from strategic and private equity investors to stimulate smart growth across ADNOCs upstream, midstream and downstream value chain. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. Mansour bin Zayed chairs meeting of EIA Board of Directors. H.E. The principal activities of the company are dealing Managing Investment and operating funds, in addition to Arranging, Advising and Custody. 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. Governance structures in place- kick starts reputation as standard-bearer for good governance. in Business Administration. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. Board of Directors | Abu Dhabi Investment Council Menu Mobile menu toggle About us History Organization Chart Governance Committees Business Functions Chief Executive Officer Active Investment Strategies Equities and Fixed Income Global Special Situations Infrastructure Private Equity Real Estate Support Functions Careers Culture Opportunities Jan Schuster Portfolio Manager - Private Equity Division. Establishment of Investment Process and Portfolio Management. Our Objectives - EIA Staff. Abu Dhabi Investment Authority | International Forum of - IFSWF 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. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Board of Directors - Cleveland Clinic Abu Dhabi Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. 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. Board Of Directors; CEO's Message; Staff. View Biography It often buys partial interest ownerships with leading real estate managers. Abu Dhabi Investment Authority - Contacts, Employees, Board Members Get the full list, Youre viewing 5 of 8 board members. . Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. Khalid Deemas Alsuwaidi was appointed by Abu Dhabi Investment Council (ADIC) to join the ADCB Board of Directors in March 2009. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. 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. Overall between 70% and 80% of the organization's assets are managed outside, and over the last few years the fund has become more indexed which given its unique asset liability structure is somewhat perplexing. 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 To develop a constructive relationship with the GCEO and to manage his performance. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. 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. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. 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. DISTINGUISHED LEADERSHIPBoard of Directors Mr. Hareb Al Darmaki Co-founder and Chairperson of the Board H.E Hareb Al Darmaki is Co-Founder and Board Chairperson of Gulf Capital. Abu Dhabi economy to benefit from new sustainability and renewable The Board has adopted a rolling agenda to ensure that each of its responsibilities is satisfied on a periodic basis, and considers other agenda items on an 'as required' basis. Abu Dhabi Investment Authority 's most notable . Mahmood Ebraheem Al Mahmood | Mubadala - Mubadala Investment Company 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. 10 The terms and conditions of hard-term and those of regular-term loans in 2013. is also the former Director General of the Executive Office of H.H. H.E. | Advanced search 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. [13] H.E. 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. [12] ADIA also invests in development projects including malls. He is the Founding Member and Chairman of AlNowais Investments. Learn more. 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. Board of Directors - Gulf Capital H.E. [12] ADIA also invests in development projects including malls. 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. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? The core mandate of the ministry is to increase industrial competitiveness and help drive economic growth by catalyzing the diversification of the UAEs economy. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. MSc Business Administration (INSEAD) Chairman of the Board of Directors of the Abu Dhabi Urban Development Co. LLC. Carlos Obeid joined the ADCB Board of Directors in 2019. 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. ADIA conducts its investment activities without reference to the Government of Abu Dhabi and has no visibility on the spending requirements of the Government or the activities of other Abu Dhabi-owned investment entities. 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. Our Corporate and Investment Banking group operates a client driven model with local and international expertise, designed to ensure our clients are set up for success and grow stronger wherever they operate . 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. Board of Directors | Abu Dhabi Finance P.P.C Board of Directors | FAB - UAE - Bank (FAB It will be backed by a major commitment from the Authority. 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. 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. In particular, it sets the goals, strategies and policies of the Bank. Both loans will require onlending With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. Get the full list, Morningstar Institutional Equity Research, Board Member & Analyst, Internal Equities Department, Deputy Chairman of the Board of Directors. Media & Resources - EIA 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 2008, ADIA co-chaired the International Working Group of 26 sovereign wealth funds that produced the "Generally Accepted Principles and Practices of sovereign wealth funds" (known as the Santiago Principles). The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. Lecturer & Head of Legal Affairs, High Commercial Institute, Kuwait, Published books on law that are adopted as text books in UAE and Kuwait University respectfully, Legal Advisor and Head of Legal Office; Ministry of Economy & Commerce, UAE, Legal Advisor of the Executive Council of the Emirate of AUH, Owner of Ghanayem Legal & Management Consultancy EST, Treasurer & Account Officer in Charge of Citibanks Financial Institutions in Dakar, Vice President Citibank Private Bank, Geneva, Managing Director Sahara Financial Management Services, Regional Director of Ecobank for Middle East, North Africa & India, Vice Chairman at Signature Africa Ventures. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. Sheikh Mansour bin Zayed Al Nahyan,. Dr. Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC). [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. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. The function is both administrative and strategic. 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. She has over ten years of experience in funds and direct private equity investments. The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. EIA invests into a globally diversified investment portfolio. Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. ADCB Board of Directors | ADCB PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi Prior to CD&R, he served as CEO of BBA Group plc from 1993 to 2001, leading the successful restructuring and reorganization of the company, and continued to serve as chairman from 2001 to 2006. 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. Dr Sultan Al Jaber | Masdar Chairman and COP 28 President - Masdar.ae All three functions cover all banking activities in general and key risk areas in particular. 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. Advisor to the Nigerian Minister of Communications. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi PDF Report and Recommendation of the President to the Board of Directors 13 of 2009. . ADIA's mission is to sustain the long-term prosperity of Abu Dhabi by prudently growing capital through a disciplined investment process and committed people who reflect ADIA's cultural values. 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. H.E. The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. H.E is the Chairman of Emirates Water & Electricity Company and the Vice Chairman of Abu Dhabi Power Corporation and a member of the Board of Directors for Emirates Global Aluminum, Aramex Logistics Company, Minas de Aguas Teidas Copper Mine, Sociedad Minera de . His career in asset management began at Abu Dhabi Investment Authority (ADIA) in 1983, where he ultimately served as Deputy Managing Director from 1997 to 2007. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. 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. The Bank is subject to five main sources of regulation and supervision: Directors' remuneration is set annually by the Board following delegation from the Bank's shareholders. He is also a board member of the Economic Zones World and Dubai Real Estate Corporation. 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. Our investment portfolio approach was broken down into two distinct and focused investment groups: Strategic Assets and Asset Management groups: Strategic Assets and Asset Management. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. 1107 (D.D.C. H.E Hareb Al Darmaki is Co-Founder and Board Chairperson of Gulf Capital. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. Investment Stage Secondary Market. Home - EIA 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. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. Al Marri held important positions in the government as a senior, top-ranking official. Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. 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. Win whats next. The board members currently serve for a period of three years, and can be renewed. H.E. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). Prior to joining ADIO, His Excellency held leadership roles at various institutions, including Emirates NBD, Mubadala, and Citibank. Dr. Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi Nati. 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. Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. 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. At EIA, we value our staff as one of our most . 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. Managing Director | Abu Dhabi Investment Council 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. In his capacity as Minister of Cabinet Affairs and The Future, Al Gergawi led the development of the UAE National Agenda and Future Foresight Strategy. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. Governance - ADIA 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. This is a profile preview from the PitchBook Platform. of Corrections, Colorado Springs, CO, USA. Abu Dhabi Investment Authority - Crunchbase Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . 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 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. Using prudent investment strategies in accordance with global best practice, the EIA . Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. MSc Business Administration, minor in Management Information Systems and Strategic Planning (Widener University, USA) 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. She is also a CFA and CAIA charter holder. H.E. 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. Investment Leadership Program (ILP) Working at EIA; Media & Resources; . Click here for Terms of Reference for the Board of Directors. The Group Chief Internal Auditor functionally reports to the Audit Committee and to the Group Chief Executive Officer on administrative and day-to-day matters. His Excellency earned his stripes in professional finance at Citi Bank in London. She is an integral part of the team responsible for . ADIA is required to invest these funds in such a way to generate sustainable long-term returns, and to return funds to the Government of Abu Dhabi, as needed. H.E. Home | Abu Dhabi Investment Group 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. Overview We are the Abu Dhabi Investment Office - ADIO. Fatima Al Noaimi joined Mubadala in 2011 and is currently a Senior Principal on the Mubadala Capital Private Equity team. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). Mr. Quarta graduated from the College of the Holy Cross. As Chairman of the Board, H.H. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. H.E. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. They are appointed by Emiri decree. 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. 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. 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 . However, ADIA's ratio of third-party fund managers is being actively managed. 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. 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. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. Abu Dhabi Investment Authority (ADIA) - Investopedia
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