The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. Strong business development professional with a Claritas Investment Certificate from CFA Institute & Operational Risk Management Certificate from Chase Coopers. The Board's Audit Committee reviews audit reports periodically and particularly where significant violations to the applicable regulations, prescribed policies and procedures have occurred. [6] At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. 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. According to the Bank's articles of association, all Directors are required to seek re-election by shareholders every three years. [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. is also the former Director General of the Executive Office of H.H. She is an integral part of the team responsible for . 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. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. 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 Post ADIA, he established Abu Dhabi Investment Council (ADIC) in 2007 and served as its Managing Director. 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. The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. Its primary directive is to manage the sovereign wealth of the UAE by investing in a diversified portfolio of assets in key economic sectors and industries with the aim of delivering sustained financial gains for the UAE. With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. The assets of the fund are managed by the executive management team. Abu Dhabi Investment Authority has 3 board members and advisors, including Shubhrawpratap Dasgupta. Member of President Clinton America 2000 Task Force, Washington, DC., USA, Acting Chairman and Group CEO of Midmar Holding, Johannesburg, South Africa. He was also responsible for all Treasury activities including Mubadalas bond issuances and project financing. VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. H.E Mohammed Al Shuwaidi holds a B.Sc. Learn more. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. 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%. 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. To read relevant policy please see below: The Board Secretariat delivers Board papers to the Board by means of a secure iPad application. AAAID on LinkedIn: #adife #adnec #uae #agriculture #investment #food Prior to CD&R, he served as CEO of BBA Group plc from 1993 to 2001, leading the successful restructuring and reorganization of the company, and continued to serve as chairman from 2001 to 2006. Al Gergawi is also the Co-chairman of the Global Future Councils, a forward-looking think tank in cooperation with the World Economic Forum. Board of Directors Corporate Governance Board of Directors H. E. Khaldoon Khalifa Al Mubarak CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR) Read more H. E. Hussain J. AlNowais VICE CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR) Read more Khaled H. Alkhoori INDEPENDENT, NON-EXECUTIVE DIRECTOR Read more Khalid Deemas Alsuwaidi NON-EXECUTIVE DIRECTOR 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. H.E. in Business Administration. In driving ADNOCs 2030 strategy toward a more profitable upstream, more valuable downstream and more sustainable and economic gas supply, Dr. Al Jaber has also led a digital transformation at the company. 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 . 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. Staff - EIA Feedback. Phone Number (971) 241-5000. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. Board Of Directors - EIA She is an integral part of the team responsible for selecting, building and managing a portfolio of funds and relationships in Europe, Middle East & Africa. Al Gergawi is the Board Chairman of the Federal Competitiveness and Statistics Authority (FCSA), the government body responsible for developing and enhancing the countrys performance in the areas of global competitiveness and statistics. 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. Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. The firm carries out its investment program independently and without reference from the Government of Abu Dhabi. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. He has also been Chairman of Emirates Financial Services. It often buys partial interest ownerships with leading real estate managers. Abu Dhabi Investment Group (ADIG) is the investment arm of Bin Aweidha Holding and based in Abu Dhabi. Hussain Jasim Naser Al Nowais joined the ADCB Board in 2019. Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. 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. 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. According to the Sovereign Wealth Fund . Reporting to H.H., the Managing Dir. Monitoring by the Central Bank is undertaken by way of regular inspections of banks and their records and the requirement for regular submission of data including credit data and anti-money laundering measures. Gains Strategic Assets: Al Masraf, Emirates Post and Emirates Transport. [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. Al Mubarak held a number of positions at Tawazun Economic Council, formerly known as UAE Offsets Group, before assuming his current portfolio of responsibilities. Board of Directors | Abu Dhabi Investment Group Click here for Terms of Reference for the Board of Directors. Aysha Al Hallami does not hold any external directorships. The Audit Committee also periodically meets separately with the Banks internal auditors and the external auditor in the absence of management. Our support department structure has developed over many years to ensure that the business continues to operate efficiently at all levels in pursuit of ADIAs investment goals. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. Fatima graduated magna cum laude from the Higher Colleges of Technology with a B.S. EIA invests into a globally diversified investment portfolio. 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. [8] Due to its size, the fund has been influential in international finance. In addition to his roles at ADIA and Gulf Capital, Mr. Al Darmaki holds multiple board roles, including Chairperson of Neue Privat Bank (Middle East), Board and Committee Member at Emirates Investment Authority. In particular, it sets the goals, strategies and policies of the Bank. 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). Overseas regulators the Banks overseas operations are subject to overseas regulators and laws. 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. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. Abu Dhabi Fund for Development 30 6 European Investment Bank 70 14 Japan International Cooperation Agency 184 36 Government and/or Nepal Electricity Authority 71 14 Total 505 100 Source: Asian Development Bank estimates. Sheikh Mohammed bin Rashid Al Maktoum. Dr. Al Jaber has initiated a program of increased efficiencies, strengthened ADNOCs overall performance and fostered a more commercial mindset. Based in London, he played the lead operating role in the Firms investment in SPIE and served as chairman of the supervisory board of Rexel during CD&Rs ownership of the company from 2005 to 2014. Abu Dhabi Investment Authority - PitchBook Data Mr. Al Badi has more than 35 years of experience in the government and private sector. 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. ADIA is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. Its investments in global real-estate at the market top in 2008 have also decreased substantially in value. PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. However, improvement of control activities is an ongoing process at ADCB that includes identification, evaluation and management of significant risks faced by the Bank. Beginning his career at the Abu Dhabi National Oil Company, H.E. As Vice Chairman and Managing Director of Dubai Future Foundation, he heads an entity tasked with implementing the Dubai Future Agenda. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise. Andrew Kripke Director, Portfolio Manager - US Team. H.H. Abu Dhabi Finance P.P.C is an entity authorized from Capital Market Authority. The Board of Directors and the management team regularly discuss and refine the Bank's strategy and objectives. 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. Mohamed Jouan Salem AlDhaheri - Specialist - Abu Dhabi Investment Abu Dhabi Investment Authority's new research centre makes its debut Khalid Deemas Alsuwaidi was appointed by Abu Dhabi Investment Council (ADIC) to join the ADCB Board of Directors in March 2009. 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. to the UAEs economy. Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan H.E. In July 2020, Dr Al Jaber was appointed Chairman of Emirates Development Bank, a key partner in providing financial services for the sustainable economic and social development of the UAE. Mohammed Habroush Al Suwaidi H.E. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. Compliance with anti-money laundering procedures and internal training in such procedures is also developed and administered by the Group Compliance department. . At EIA, we value our staff as one of our most . H.E. 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). She also has an MBA in International Finance and is a member of the Institute of Management Accountants, IMA. 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. [10] He is also a board member of the Economic Zones World and Dubai Real Estate Corporation. MSc Business Administration (INSEAD) The Board Secretariat maintains a conflicts register that is regularly reviewed by the Nomination, Compensation, HR & Governance Committee. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. Any candidate for appointment as a Director must first be considered and approved by the Board's Nomination, Compensation, HR & Governance Committee. Board of Directors - Gulf Capital Reporting to H.H., the Managing Director his current responsibilities at ADIA include. Saeed Almazrouei is the Deputy Platform CEO, Direct Investments, at Mubadala Investment Company PJSC. ADIA does not seek to manage or take an operational role in the companies in which it invests. Abu Dhabi Investment Authority - Wikipedia 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. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. Number of Exits 23. Board Of Directors - EIA H.H. All internal control systems, no matter how well designed, have inherent limitations and they may not prevent or detect misstatements. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. Mariam Ghobash has substantial corporate governance experience with both publicly listed and private companies. 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. 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. Begins to serve as advisor to Cabinet on key assets and corporate governance. 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. Sheikh Khalifa appoints new board of directors for Adnoc - The National The UAE Minister of Economy holds a Bachelors degree in Civil Engineering from the University of Sheffield in the UK. 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. The EIA was established in 2007 through Federal Decree Law No. Sheikh Sultan bin Suroor Al Dhaheri has more than 10 years experience in business and marketing and strong commercial knowledge. In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). 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. Investment Leadership Program (ILP) Working at EIA; Media & Resources; Contact Us. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. ADIA funding sources derive from oil, especially from the Abu Dhabi National Oil Company (ADNOC). 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. 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. Former board positions include: Chairman of Abu Dhabi Commercial Bank, Vice Chairman of the Abu Dhabi Investment Company, Governor of the Board of the CFA Institute . In addition, Dr. Al Jaber served as Chairman of the Abu Dhabi Ports Company from 2009-2019. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. Emirates Investment Authority (EIA) is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. 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. Media & Resources - EIA of Corrections, Colorado Springs, CO, USA. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. Board Member, Ely Lilly Foundation, Indianapolis, IN, USA. ADIA Lab announces Advisory Board, academic collaborations and G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. HE Dr Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology, the UAE's special envoy on climate change, Chairman of Masdar, and President-Designate of COP28 - the first CEO to serve in this role.