Feb 09 2012 |
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DFSA Announces its Chief Executive to Step Down Later This Year
Dubai, UAE, 9 February 2012: The Dubai Financial Services Authority (DFSA) announces, today, that after nearly four years in the Chief Executive's role, Mr Paul M Koster has decided to step down in September 2012.The DFSA Board of Directors have commenced the normal nominations process for identifying a new Chief Executive, which is being guided by the DFSA's Governance and Nominations Committee.
The Board are confident of finding a worthy successor to Mr Paul M Koster to take over the important work which he, and his team, have been doing; to strive to maintain the high international standards of the DFSA as an independent regulatory body and to contribute to the success of the Dubai International Financial Centre (DIFC) as a whole.
The Dubai Financial Services Authority (DFSA) is the independent regulator of financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC), a purpose-built financial free-zone in Dubai. The DFSA's regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.
The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas.
For further information, please visit website: www.difc.ae, or follow all developments on Twitter @DIFC.
For further information please contact:
Ms Angharad Irving - Jones
Head of Corporate Communications
Dubai Financial Services Authority
Level 13, The Gate
Dubai, UAE
Tel: +971 (0)4 362 1661
Fax: +971 (0)4 362 0801
Email: airvingjones@dfsa.ae
www.dfsa.ae
© Press Release 2012
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