H.E. Sheikh Zayed was appointed as a Director of ADCB in 2021, having had gained experience working at the National Bank of Abu Dhabi and Morgan Stanley. Investment Stage Secondary Market. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. 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. He is the Founding Member and Chairman of AlNowais Investments. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. 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. In addition to this, he is currently a board member in Abu Dhabi Housing Authority and a member of Investment Committee in Sandooq Al Watan. Abu Dhabi Investment Group (ADIG) is the investment arm of Bin Aweidha Holding and based in Abu Dhabi. MSc Civil Engineering (Northeastern University, USA) His Excellency earned his stripes in professional finance at Citi Bank in London. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. 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. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Under his leadership, ADIO has launched international offices around the world. She has over ten years of experience in funds and direct private equity investments. [1], ADIA's operations have been characterized as secretive and opaque. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. Board Of Directors; CEO's Message; Staff. A seasoned banker with strong leadership skills across all facets of the business and with extensive expertise in strategy, finance, risk, investment, credit and corporate governance. ABU DHABI, Under the patronage of H.H. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. 13 of 2009. He holds a Bachelors Degree in Economics from Northeastern University of Boston, Massachusetts, U.S.A. Mr. Mohamed Hadi Al Hussaini is the Chariman of Emirates Integrated Telecommunications Co. PSJC, and currently he sits on the board of Emirates NBD, Em. Dr Sultan Al Jaber | Masdar Chairman and COP 28 President - Masdar.ae This is a profile preview from the PitchBook Platform. Air Arabia Abu Dhabi - Wikipedia The Board's Audit Committee ensures the implementation of regulations, policies and procedures through all Bank departments aimed at mitigating identified risks and safeguarding the interests of the Bank and its shareholders. Conor Boden . 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. ADIAs assets are not classified as international reserves. Directors are eligible to receive, and have received, loans from the Bank. Purpose Powering a thriving future by efficiently providing sustainable and reliable energy and water to unleash the unlimited potential of people and places. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. 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. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. Over this decade, AD Ports has become a thriving business, turning a profit two years ahead of the approved business plan. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. 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. General Information Description Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates. Reporting to H.H., the Managing Dir. 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. Aramis Partners | Board of Directors In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. There is a clear division of responsibilities between the respective roles and responsibilities of the Chairman and the GCEO. . Since being appointed Group CEO of ADNOC in 2016, Dr. Al Jaber has spearheaded a rapid and comprehensive transformation of the company at the direction of the UAE leadership. Dr. Al Jaber is Chairman of the Board of Trustees of the Mohamed bin Zayed University of Artificial Intelligence, the Worlds first graduate-level, research based AI University. 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. Mr. Al Darmaki received a B.S. The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. At EIA, we value our staff as one of our most . Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. He was also responsible for all Treasury activities including Mubadalas bond issuances and project financing. 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. Mohamed Jouan Salem AlDhaheri - Specialist - Abu Dhabi Investment [12] ADIA also invests in development projects including malls. Board of Directors - ADIA Experienced Specialist with a demonstrated history of working in the investment management industry. 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. Get the full list, Youre viewing 5 of 98 team members. 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. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. Board of directors. [10] 13 of 2009. . Jan Schuster Portfolio Manager - Private Equity Division. Both loans will require onlending [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. According to the Sovereign Wealth Fund . 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. Who We Are - TAQA Abu Dhabi Investment Authority's new research centre makes its debut Governance structures in place- kick starts reputation as standard-bearer for good governance. 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. 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. Sheikh Zayed does not hold any external directorships. 4 of 2007 as amended by Federal Decree Law No. PO Box 3235, International Tower, ADNEC Capital Centre, 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. | Advanced search ABU DHABI, Under the patronage of H.H. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. Abu Dhabi economy to benefit from new sustainability and renewable Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. 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. The Bank is committed to sound corporate governance practices. 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. Emirates Investment Authority (EIA) is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. Board papers are delivered at least 3 business days before each Board meeting. Using prudent investment strategies in accordance with global best practice, the EIA . 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. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. Home | Abu Dhabi Investment Group Mansour bin Zayed chairs meeting of EIA Board of Directors. It will be backed by a major commitment from the Authority. The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi Its board of directors, which is made up of members nominated by the two companies, is responsible for directing the company's independent strategy and developing its business. United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023, EIA launches strategy aimed at achieving UAEs development goals, Mansour bin Zayed chairs meeting of EIA Board of Directors, Mansour bin Zayed chairs EIA board meeting. 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. The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. 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). In addition, the Board Secretariat works with various external providers to source suitable tailored training sessions. H.E. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 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. The board members currently serve for a period of three years, and can be renewed. ADCB has implemented a Directors' conflicts of interest policy. The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. [12] ADIA also invests in development projects including malls. As a custodian of the Federal assets of the United Arab Emirates, the EIA is mandated to strategically invest funds allocated by the Federal Government to create long-term value for the UAE and contribute to the future prosperity of the country. Skilled in Real Estate & Private Equity Risk Due Dilligence. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. ADIA Lab announces Advisory Board, academic collaborations and As Chairman of the Board, H.H. The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. 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. 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 Win whats next. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. 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. . Phone Number (971) 241-5000. Board Of Directors - EIA H.H. View Biography Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. 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. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. 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. Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise. Mishal Kanoo tries to help people reach their professional dreams. [4], The operations of ADIA have historically and to the present been secretive and opaque. 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. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. 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 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 . Board Of Directors - EIA 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. Andrew Kripke Director, Portfolio Manager - US Team. The fund manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories, including quoted equities, fixed income, real estate, private equity, alternatives, and infrastructure. 4 of 2007 and amended by Federal Decree Law No. To develop a constructive relationship with the GCEO and to manage his performance. Get the full list, Morningstar Institutional Equity Research, Board Member & Analyst, Internal Equities Department, Deputy Chairman of the Board of Directors. ABU DHABI, H.H. His Excellency holds a PhD in Economics from Imperial College, London. With the initial core team and governance framework in place, we were then entrusted with the custody, management and development of strategic federal assets such as Emirates Integrated Telecommunications Company (du) and Emirates Telecommunications Corporation (Etisalat). Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. The scope of the audit is agreed between the Audit Committee and the auditor. ADIA's Board of Directors is responsible for setting ADIA's strategy and risk-return parameters and meets periodically to review its performance. Mr. Al Badi has more than 35 years of experience in the government and private sector. H.E. BSc Computer Information Systems (Bethune Cookman College, USA). 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. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. As Chairman of the Board, H.H. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). 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. Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). They are appointed by Emiri decree. 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. 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. 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. H.H. In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. 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. 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. Sheikh Mansour Bin Zayed Al Nahyan heads the Board of Directors which is responsible for overseeing the affairs of the Emirates Investment Authority. Board of Directors | Abu Dhabi Finance P.P.C Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . She is also a CFA and CAIA charter holder. The Bank's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. The IAG performs its function in accordance with a risk-based audit methodology. H.E. VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). Reporting to H.H., the Managing Director his current responsibilities at ADIA include. H.H. 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. Board Of Directors - Abu Dhabi Pension Fund Abu Dhabi Investment Authority has 3 board members and advisors, including Shubhrawpratap Dasgupta. About the Abu Dhabi Investment Office However, all loans are made on arms' length terms. The Board of Directors are responsible for determining the Bank's strategic direction. 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. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. Contact. 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 . Prior to his appointment, H.E. H.E. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. ADIA does not seek to manage or take an operational role in the companies in which it invests. Chairman of the Board of Directors of the Abu Dhabi Urban Development Co. LLC. 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. 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. All rights reserved. Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. 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. Advisor to the Nigerian Minister of Communications. Abu Dhabi Investment Authority - PitchBook Data Abu Dhabi Investment Authority - Crunchbase Our Objectives - EIA . Board of Directors - Cleveland Clinic Abu Dhabi Abu Dhabi Investment Council - Wikipedia He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. 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. The excitement of helping others achieve their goals, both big or small, is what drives him. It has overall responsibility for leading, supervising and controlling the Bank and is accountable to the shareholders for creating and delivering sustainable shareholder value through its guidance and supervision of the Bank's business. 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. He is also a board member of the Economic Zones World and Dubai Real Estate Corporation. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. 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.
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