Beginning his career at the Abu Dhabi National Oil Company, H.E. 13 of 2009. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. [10] ADIA is one of the largest sovereign wealth funds in the world. 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. Responsibility for setting our risk appetite and for the effective management of risk rests with the Board of Directors. H.E. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. BSc Business Finance (Lewis &Clark College, USA). [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 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. Our team helps investors and companies of all sizes establish their business, grow and develop in Abu Dhabi. . Our Objectives. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. It will be backed by a major commitment from the Authority. She is an integral part of the team responsible for . 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. However, ADIA's ratio of third-party fund managers is being actively managed. Mr. Al Badi has more than 35 years of experience in the government and private sector. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. H.E. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. His Excellency earned his stripes in professional finance at Citi Bank in London. 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. 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. 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. Feedback. Contact. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. 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 . Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. 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. Fatima Al Nuaimi was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. 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. 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. The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. Advisor to the Nigerian Minister of Communications. Jan Schuster Portfolio Manager - Private Equity Division. H.E. in International Studies from the John Hopkins University. Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). 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. [14][15], On 27 May 2013, ADIA published its 2012 Review, with an overview of its activities during the past year as well as an explanation of its approach to investing strategy, governance and risk management.[16]. 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. Get the full list, Youre viewing 5 of 98 team members. H.E. 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. [13] Experienced Specialist with a demonstrated history of working in the investment management industry. The Dubai 10X initiative, in particular, aims to strengthen the emirates bid to become the city of the future. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. In June 2021, Aysha moved to the Abu Dhabi Investment Authoritys newly created Core Portfolio Department to help develop its comprehensive strategy. 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 $2.5billion partnership with Silverlake including both an investment in the Silverlake General Partner and an anchor commitment to a new Long-Term Capital Fund. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. In order to deliver against these objectives, management regurlarly develops and renews detailed strategic plans that operate across the Bank's businesses. He has prioritized the adoption of breakthrough technologies including AI, Big Data and Blockchain to ensure ADNOC stays ahead of global energy demand and remains a key contributor Abu Dhabi Finance P.P.C is closed UAE Joint stock company headquartered in Abu Dhabi with a paid-up capital of USD ($)142,780,000. H.E. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). EIA invests into a globally diversified investment portfolio. 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. MSc Finance & Banking (Cass Business School, City University, 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. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Establishment of Investment Process and Portfolio Management. Private Equity and Venture Capital, (Harvard Business School, USA) The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. 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. 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. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed The Audit Committee also periodically meets separately with the Banks internal auditors and the external auditor in the absence of management. Under his leadership, ADIO has launched international offices around the world. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. 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. In addition, the Board Secretariat works with various external providers to source suitable tailored training sessions. 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. Ms. Ghobash holds a Bachelor of Science in Economics from The Wharton School, University of Pennsylvania in the United States of America. H.E. Any proposals for changes are considered by the Nomination, Compensation, HR & Governance Committee prior to obtaining Board and, if necessary, shareholder approvals. 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. Begins to serve as advisor to Cabinet on key assets and corporate governance. How satisfied are you with the overall experience on our website? With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. [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. 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. H.H. 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. Playing a role in bettering peoples lives is a great instigator for doing what he does. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. Saeed Almazrouei was appointed to the ADCB Board of Directors in 2019. 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. Board Of Directors; CEO's Message; Staff. PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. 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. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. 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. She has over ten years of experience in funds and direct private equity investments. It periodically reviews and monitors compliance with the Group's overall risk appetite and makes recommendations thereon to the Board. H.E. Board Member of Cleveland Clinic Abu Dhabi. Decree establishes the EIA as sole Federal investment vehicle. The principal activities of the company are dealing Managing Investment and operating funds, in addition to Arranging, Advising and Custody. At EIA, we value our staff as one of our most . 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 Economics. . ABU DHABI, Under the patronage of H.H. of Corrections, Colorado Springs, CO, USA. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. As Chairman of the Board, H.H. Phone Number (971) 241-5000. Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. 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. 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. 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. Any candidate for appointment as a Director must first be considered and approved by the Board's Nomination, Compensation, HR & Governance Committee. ABU DHABI INVESTMENTS GROUP OUR WORK TODAY SHAPES ABU DHABI'S TOMORROWS. Mansour bin Zayed chairs meeting of EIA Board of Directors. In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). She became an Investment Manager in 2012. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. 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. He is currently part of the senior management team in the Crown Prince Court, serving as the executive director of the financial affairs, overseeing the entire financial activities and strategic initiatives. . 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. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. 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. Khaldoon Khalifa Al Mubarak holds a number of UAE Government and Abu Dhabi Government responsibilities, including: a Member of the Abu Dhabi Executive Council since 2006; a Founding Member of Abu Dhabis Supreme Council for Financial and Economic Affairs; the Presidential Special Envoy to China since 2018; and the Founding Chairman of the Abu Dhabi Executive Affairs Authority, which has provided strategic policy advice to the Chairman of the Abu Dhabi Executive Council since 2006. 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. 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. 10 The terms and conditions of hard-term and those of regular-term loans in 2013. It often buys partial interest ownerships with leading real estate managers. 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 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. All internal control systems, no matter how well designed, have inherent limitations and they may not prevent or detect misstatements. MSc Business Administration, minor in Management Information Systems and Strategic Planning (Widener University, USA) Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. 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. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. Chartered Financial Analyst, (CFA Institute, USA) H.E. BSc Business Management (University of Sussex, UK). 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. MSc Civil Engineering (Northeastern University, USA) The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. The Board of Directors are responsible for determining the Bank's strategic direction. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. Reporting to H.H., the Managing Director his current responsibilities at ADIA include. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. Mr. Quarta has been a Partner at CD&R for 21 years and is chairman of CD&R Europe. 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. Sheikh Mansour Bin Zayed Al Nahyan heads the Board of Directors which is responsible for overseeing the affairs of the Emirates Investment Authority. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. Amr Al Menhali was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. H.E Mohammed Al Shuwaidi holds a B.Sc. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. 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. 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. Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. His memberships allow him to actively support the development of priority sectors in the country such as the Golden Visa initiative, which seeks to attract talented individuals from across the world. All rights reserved. Get the full list, Youre viewing 5 of 8 board members. Tailored induction programmes are arranged for all newly appointed Directors. Dr. Tariq Bin Hendi was recently the Chief Investment Officer of Group 42 (G42). Shareholder support H.E. Win whats next. 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. The EIA was established in 2007 through Federal Decree Law No. 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. 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. The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. 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 These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Even today, investment in short-term paper remains the strategy for the vast majority of countries. 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. 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. 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. The Bank complies with the independence requirements of the Central Banks Corporate Governance Regulation and Standards for Banks (Circular No.89/2019 dated 18th July, 2019) and the Securities & Commodities Authority (SCA) Chairmans Resolution No.3/TM of 2020 Regarding the Approval of the Public Join-Stock Companies Governance Guide. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application.
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