abu dhabi investment authority board of directors

His career in asset management began at Abu Dhabi Investment Authority (ADIA) in 1983, where he ultimately served as Deputy Managing Director from 1997 to 2007. ADIA conducts its investment activities without reference to the Government of Abu Dhabi and has no visibility on the spending requirements of the Government or the activities of other Abu Dhabi-owned investment entities. He started his career at Abu Dhabi Investment Authority in the year 1982. As a result of regular written declarations submitted by each of the Board Members, the Board maintains satisfactionthat the other commitments of the Directors do not conflict with their duties, or that, where conflicts may arise, the Board is sufficiently aware and appropriate policies are in place to minimise the risks. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. Our Objectives. 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. Kaltham Al Ghafli is a Senior Investment Manager in the External Equities Department in 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. He is the Founding Member and Chairman of AlNowais Investments. This is a profile preview from the PitchBook Platform. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Government. In addition, an external consultant will be appointed to independently evaluate the performance of the Board, Board Committees and individual Directors at least once every three (3) years. She has over ten years of experience in funds and direct private equity investments. 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. Beginning his career at the Abu Dhabi National Oil Company, 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. Investment Stage Secondary Market. In order to deliver against these objectives, management regurlarly develops and renews detailed strategic plans that operate across the Bank's businesses. In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. Carlos Obeid joined the ADCB Board of Directors in 2019. Kaltham is a member of the External Equities Executive Committee and before that she was a member of their Investment Committee. Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. Al Marri is a member of the Boards of Directors of different federal entities. Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. The board members currently serve for a period of three years, and can be renewed. 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). . Number of Board Member and Advisor Profiles 3. Jan Schuster Portfolio Manager - Private Equity Division. The internal audit group (IAG) is responsible for the evaluation of the Bank's risk management, control and governance processes. MSc Computer Science (University College London, UK) Phone Number (971) 241-5000. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. is also the former Director General of the Executive Office of H.H. Dr. Al Jaber was appointed to the UAE cabinet in 2013, where he served as a Minister of State of the United Arab Emirates until July 2020. 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. 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. BSc Business Finance (Lewis &Clark College, USA). The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. The scope of the audit is agreed between the Audit Committee and the auditor. He has more than 16 years of banking experience, having held senior management positions with National Bank of Abu Dhabi and First Gulf Bank. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. H.E. Board Of Directors; CEO's Message; Staff. The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. 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. We first developed an effective corporate governance framework with a strong board of directors and an active Executive Committee which reflected the unique nature of our mandate. 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. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. Sheikh Mansour bin Zayed Al Nahyan, How satisfied are you with the overall experience on our website? Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. and Abu Dhabi Investment Authority entered into an Agreement and Plan of Merger to acquire Coupa Software Incorporated from a group of. ADIAs Managing Director has responsibility for implementing ADIAs strategy and its investment and operational activities. Also, he is a graduate of the UAE Government Leaders Program and Mohammed Bin Rashid Center for Leadership Development. [4], The operations of ADIA have historically and to the present been secretive and opaque. Gains Strategic Assets: Al Masraf, Emirates Post and Emirates Transport. A performance evaluation of the Board, Board Committees and individual Directors is conducted on an annual basis. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. Although the IAG conducts audits on all of the Banks units, the frequency of internal audits carried out with respect to each of the Banks units depends on the inherent risk of that unit and its related control risk evaluation. MSc Finance & Banking (Cass Business School, City University, UK) Directors are eligible to receive, and have received, loans from the Bank. All rights reserved. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . Please refer to ADCBs annual report for further details on Directors remuneration. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). 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's policy is to, so far as possible, engage in transactions with related parties (including Directors) only on arm's-length terms. The Board maintains awareness of the other commitments of its Directors and senior management. 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. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. Al Marri held important positions in the government as a senior, top-ranking official. The majority of the Directors are UAE nationals, as per the requirements of the Federal Commercial Companies Law and the Bank's articles of association. 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. 1107 (D.D.C. In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years.

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