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. At EIA, we value our staff as one of our most . He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. The excitement of helping others achieve their goals, both big or small, is what drives him. Dr. Al Jaber has previously served on the United Nations Secretary Generals High Level Group on Sustainable Energy for All. As Chairman of the Board, H.H. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. to the UAEs economy. . To develop a constructive relationship with the GCEO and to manage his performance. 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. [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). The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. All three functions cover all banking activities in general and key risk areas in particular. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. Where necessary, the Committee will also consider whether the candidate meets the Bank's criteria for independence. 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. Previously, Mr. Al Darmaki held the position of Chairman at the Central Bank of the UAE, Abu Dhabi Investment Company, Abu Dhabi Securities Market, Global Investment House (Kuwait), and as a Board Member at National Bank of Abu Dhabi, Al Hilal Bank, Arab Banking Corporation and Qatar Telecom (Ooredoo). MSc Business Administration, minor in Management Information Systems and Strategic Planning (Widener University, USA)
H.E. They are appointed by Emiri decree. The EIA was established in 2007 through Federal Decree Law No. Jan Schuster Portfolio Manager - Private Equity Division. Thomas Arnold Board Member. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. He is a UAE national, coming from a prominent family of businessmen primarily engaged in trading sector businesses. H.E. Tailored induction programmes are arranged for all newly appointed Directors. The core mandate of the ministry is to increase industrial competitiveness and help drive economic growth by catalyzing the diversification of the UAEs economy. 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. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. 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
Board of directors. 1107 (D.D.C. Their most recent diversity investment was on May 6, 2021, when Charter Next Generation raised Abu Dhabi Investment Authority has had 22 exits. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. The assets of the fund are managed by the executive management team. 13 of 2009. The Board of Directors (the "Board") is the Bank's principal decision-making forum. Our Objectives. 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. H.E. [12] ADIA also invests in development projects including malls. The Bank provides Directors with opportunities to update and develop their skills and knowledge through external seminars, regular presentations from senior management, and relevant reading materials. H.E. 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. 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. in Business Administration. 4 of 2007 as amended by Federal Decree Law No. 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. He also sits on a number of boards, including AXA and Emirates Post Group. PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. 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. His Excellency earned his stripes in professional finance at Citi Bank in London. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. 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. Dr. Tariq Bin Hendi was recently the Chief Investment Officer of Group 42 (G42). Chairman of the Board of Directors of Al-Ghaith Trading and Contracting Co. LLC. The Central Bank the Central Bank provides prudential supervision of banking activities. The Bank's policy is to, so far as possible, only engage in transactions with related parties (including Directors) on arm's length terms. Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. Though it talks of its long term success in generating returns, the fact that it has moved closer to the index and manages most of its funds through external third party fund managers shows that its tolerance for risk taking is greatly diminished over the years. Andrew Kripke Director, Portfolio Manager - US Team. BSc Computer Information Systems (Bethune Cookman College, USA). These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. 4 of 2007 as amended by Federal Decree Law No. Skilled in Real Estate & Private Equity Risk Due Dilligence. 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. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. 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. MSc Civil Engineering (Northeastern University, USA)
MSc Computer Science (University College London, UK)
in Economics and Politics from Bristol University, and obtained an M.A. As the central government hub supporting investment in Abu Dhabi, we are committed to growing the emirate's private sector and diversifying its economy. 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. Mr. Quarta has been a Partner at CD&R for 21 years and is chairman of CD&R Europe. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. Advisor to the Nigerian Minister of Communications. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. Number of Board Member and Advisor Profiles 3. Investment Stage Secondary Market. 4 of 2007 and amended by Federal Decree Law No. The Executive Affairs Authority of the Emirate of Abu Dhabi today announced the "Al Masdar" Initiative. In this role, he also spearheaded many initiatives to get the pulse of the people and know their sentiments, as well as build the UAEs long-lasting relations with international organizations such as the World Economic Forum.
All rights reserved. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. It often buys partial interest ownerships with leading real estate managers. 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. He is the Founding Member and Chairman of AlNowais Investments. Amr Al Menhali was appointed by the ADCB shareholders to join the ADCB Board of Directors in 2022. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. Board Member of Cleveland Clinic Abu Dhabi. 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. Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. Feedback. 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. The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. Site Advisory: Fraud Warning; . Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. Prior to joining ADIO, His Excellency held leadership roles at various institutions, including Emirates NBD, Mubadala, and Citibank. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. The following matters are reserved to the Bank's Board in accordance with best practices: The Board conducts a formal and rigorous evaluation of its performance annually, with a view to constructively identifying areas of success and achievement, as well as areas, which may require improvement. 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 is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. H.H. 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. Before joining Mubadala, Carlos Obeid worked with the UAE Offset Program Bureau, where he led a wide range of initiatives including privatisation, utilities and financial services. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. 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%. 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.
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. Both loans will require onlending Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? 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. Khalid Deemas Alsuwaidi was appointed by Abu Dhabi Investment Council (ADIC) to join the ADCB Board of Directors in March 2009. 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. She became an Investment Manager in 2012. Strategy and management - setting the Bank's long-term objectives and commercial strategy, and monitoring management's performance; Structure and capital - approving changes relating to capital structure, corporate structure and management and control structures; Financial reporting, planning and controls - approving interim and final results, annual report and accounts, dividends, business plans, budgets (including funding plans) and forecasts, significant changes in accounting policies or practices, remuneration of and appointment or removal of auditors and other material accounting policies; Internal controls - setting and monitoring internal controls; Risk - setting the Bank's risk strategies and appetite and monitoring the Bank's approach to material risks; Major transactions - approving major capital investments and projects, by reason of materiality or size, including acquisitions, mergers, disposals, and material contracts not in the ordinary course of business; Board and other appointments - appointment or removal of the GCEO, the Board Secretary and other senior management, succession planning, terms of reference and membership of Board Committees, annual performance review of directors and Board Committees; GCEO - annual evaluation and supervision of the GCEO; Remuneration - determining policy for remuneration of directors and senior executives, creation and approval of share incentive plans and other remuneration schemes; and. Aysha Al Hallami does not hold any external directorships. Mansour bin Zayed . BSc Civil Engineering (Northeastern University, USA). As well as acting as administrator for the Board's activities, the Board Secretariat works closely with both the Board of Directors and the management to facilitate communication and transparency. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. Sheikh Zayed does not hold any external directorships. 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. Any Candidate for appointment as a Director must be pre-approved by the UAE Central Bank. Thereafter, senior management provides regular updates to the Board of Directors to monitor progress against budget and strategy and permit any necessary modifications or adjustments in strategic direction.
H.E. 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. ABU DHABI INVESTMENTS GROUP OUR WORK TODAY SHAPES ABU DHABI'S TOMORROWS. 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. 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. Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. ABU DHABI, Under the patronage of H.H. In his role as Minister of Industry and Advanced Technology, Dr. Al Jaber oversees efforts to further expand the industrial development of the UAE, and in particular promote in country value, leveraging technology as a key enabler, as we enter the Fourth Industrial Age. Overview We are the Abu Dhabi Investment Office - ADIO. [10] ADIA is one of the largest sovereign wealth funds in the world. MSc Finance & Banking (Cass Business School, City University, UK)
Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . is also the former Director General of the Executive Office of H.H. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. In particular, it sets the goals, strategies and policies of the Bank. 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. 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. [6] ADIA's global portfolio is broken down into sub-funds covering a specific asset class. 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. Get the full list, Youre viewing 5 of 98 team members. Feedback. [4], The operations of ADIA have historically and to the present been secretive and opaque. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. All internal control systems, no matter how well designed, have inherent limitations and they may not prevent or detect misstatements. View Biography It will be backed by a major commitment from the Authority. 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 . 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. Al Marri is a member of the Boards of Directors of different federal entities. H.E. Private Equity and Venture Capital, (Harvard Business School, USA)
United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Government. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. He is former chairman of IMI plc and a former non-executive director of SPIE, BAE Systems plc, Foster Wheeler Corporation, Fondo Strategico Italiano, Equant NV, and PowerGen plc. 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. The Bank is committed to sound corporate governance practices. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. 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 . This is a profile preview from the PitchBook Platform. The board members currently serve for a period of three years, and can be renewed. She has also successfully completed the General Management Program at Harvard Business School. 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. Al Hussaini holds a Masters degree in International Business from Webster University in Geneva, Switzerland. As Chairman of the Board, H.H. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. [8] Due to its size, the fund has been influential in international finance. The Board maintains awareness of the other commitments of its Directors and senior management. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). 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. 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. Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. 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. Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. 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. . During his tenure, Dr. Al Jaber oversaw the completion of Khalifa Port, Abu Dhabis flagship, fastest growing deep water port as well as Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabis first integrated trade, industrial and logistics free zone. Mishal Kanoo tries to help people reach their professional dreams. 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. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. He was also responsible for all Treasury activities including Mubadalas bond issuances and project financing. Board Of Directors; CEO's Message; Staff. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. 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. Board papers are delivered at least 3 business days before each Board meeting. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. 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 Kanoo has been investing on a personal and company level since 1991. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. Learn more. ADIAs assets are not classified as international reserves. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. 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. 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.