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. Even today, investment in short-term paper remains the strategy for the vast majority of countries. Using prudent investment strategies in accordance with global best practice, the EIA . Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. 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. of Corrections, Colorado Springs, CO, USA. [6] At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. Dr. Al Jaber also holds several leadership roles and advisory positions and counsels on issues related to Energy, Economics, Strategic Communications & Sustainable Development. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in ADIA. Contact. Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. 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. Feedback. 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. 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. 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. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. Khalifa Al Kindi is a Managing Partner and Co-Founder of Abu Dhabi-based Liwa Capital Advisors. 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). The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. 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 The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. 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. 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. 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. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. MSc Computer Science (University College London, UK) 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. 4 of 2007 as amended by Federal Decree Law No. 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. 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. 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. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). 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. Reporting to H.H., the Managing Dir. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. 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. 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. Directors are eligible to receive, and have received, loans from the Bank. [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. H.E. 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. H.E. H.E. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. 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 ABU DHABI, H.H. 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. Board Of Directors; CEO's Message; Staff. The Board Secretariat assists the management by helping them to understand the requirements and directions of the Board and proactively facilitates the governance of the Bank. 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. 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). The Board of Directors are responsible for determining the Bank's strategic direction. It periodically reviews and monitors compliance with the Group's overall risk appetite and makes recommendations thereon to the Board. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. 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. Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. 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. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. 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. 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. 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. Conor Boden . The Board iPad application is also used to provide Directors with access to other relevant information, and induction documentation. Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. She also has an MBA in International Finance and is a member of the Institute of Management Accountants, IMA. One-third of the Board will seek re-election on an annual basis. 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. H.E Hareb Al Darmaki is Co-Founder and Board Chairperson of Gulf Capital. ADIAs investment departments are responsible for building investment portfolios within the parameters set for them through the asset allocation process. Sheikh Mohammed bin Rashid Al Maktoum. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application. 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. The board members currently serve for a period of three years, and can be renewed. [12] ADIA also invests in development projects including malls. 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. 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. 4 of 2007 as amended by Federal Decree Law No. The Chairman's main responsibilities include: The day to day management of the Bank has been delegated by the Board to the GCEO and the senior management team. 13 of 2009. 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. [12] ADIA also invests in development projects including malls. Sheikh Mansour Bin Zayed Al Nahyan Chairman H.H. H.E. H.E. in International Studies from the John Hopkins University. The programme comprises a comprehensive Directors' induction pack, meetings with other Directors and senior management, as well as comprehensive guidance on the duties and responsibilities of Directors, the Bank's policies and procedures and relevant legal and regulatory requirements. 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. Abu Dhabi Investment Authority has 3 board members and advisors, including Shubhrawpratap Dasgupta. A performance evaluation of the Board, Board Committees and individual Directors is conducted on an annual basis. However, all loans are made on arms' length terms. Investment Leadership Program (ILP) Working at EIA; Media & Resources; . In particular, it sets the goals, strategies and policies of the Bank. 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. Overview We are the Abu Dhabi Investment Office - ADIO. Carlos Obeid is the Group Chief Financial Officer of Mubadala Investment Company PJSC and is responsible for managing the organisations Business Finance including Treasury and Investor Relations, Financial Planning and Business Performance, and Financial Governance and Reporting. BSc Electrical Engineering (American University of Beirut). Khaled H. Alkhoori was elected by ADCB shareholders to join ADCBs Board of Directors in April 2012. 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. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. 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. 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. As Chairman of the Board, H.H. With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. Number of Exits 23. He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. Al Marri is a member of the Boards of Directors of different federal entities. 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. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. BSc Business Finance (Lewis &Clark College, USA). The ministry will also enable better integration between industrial sectors, while embedding advanced technology at the center of the nations industrial base. Post ADIA, he established Abu Dhabi Investment Council (ADIC) in 2007 and served as its Managing Director. Get the full list, Youre viewing 5 of 98 team members. 2023 PitchBook. Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. Number of Board Member and Advisor Profiles 3. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi Ensure that effective measures are in place to safeguard the Banks assets; Ensure proper accounting records and reliable financial information by procedures designed to avoid or reduce risks and ensure compliance with applicable laws and regulations; Ensure that an adequate and effective system of internal controls and procedures is established and maintained; and. The excitement of helping others achieve their goals, both big or small, is what drives him. All three functions cover all banking activities in general and key risk areas in particular. The scope of the audit is agreed between the Audit Committee and the auditor. 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. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. 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. 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.