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Maktoum appoints new finance regulator chairman
Thursday, Sep 08, 2011
Gulf News
Dubai Dubai’s finance regulator has announced the appointment of a new chairman and the re-appointment of its board.
Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, in his capacity as President of the Dubai International Financial Centre ( DIFC ), yesterday appointed Saeb Eigner the new Dubai Financial Services Authority chairman and the existing board members for a further three years.
Commenting on the decision, Eigner said: “The DFSA has strengthened its reputation as a world-class regulator under the leadership of the former chairman Abdullah Saleh, who takes on his new responsibility as governor of the DIFC .
Vision
Eigner said that one of his key priorities is the DFSA’s continued engagement with international standard-setting bodies and regulators, as well as the implementation of international regulatory standards.
Statement
Paul Koster, chief executive of the DFSA, welcomed the appointment of the new chairman and the stability provided by the re-appointment of other board members.
The DIFC is the purpose built financial centre in Dubai which has attracted more than 250 financial firms, including many of the world’s largest institutions.
The DFSA Board comprises Saeb Eigner, as Chairman; Fadel Abdul Baqi Al Ali; Abdul Wahid Al Ulama; The Honourable Apurv Bagri; Michael Blair QC; Robert L Clarke; Lord Currie of Marylebone; The Earl of Home; Robert Owen; J Andrew Spindler Georg Wittich; and Paul Koster, in his capacity as Chief Executive.
Supplied picture
Saeb Eigner
profile
long ties with dfsa
Saeb Eigner was appointed as Chairman of the DFSA Board of Directors in August 2011, having served as a member since 2004 and deputy Chairman since 2007 and previously as a Director of the DFSA.
Eigner is the Founder and Chairman of Lonworld, a private finance, property and investment group. He is a Governor of the London Business School.
Formerly a Senior Manager at ANZ Grindlays Bank PLC, in London, he headed the Middle East and Indian Sub-continent Division of the Private Bank, which he left to found Lonworld in the early 1990s.
Eigner holds a Masters Degree in Business Administration and a Masters Degree in Management from the London Business School.
— Staff Report
Staff Report
© Gulf News 2011. All rights reserved.
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