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.

“I look forward to continuing to work with my colleagues and to leading the DFSA in its vital role as the regulator of the DIFC. In doing so I am fortunate to have a highly respected and experienced international board of directors and an excellent executive team.

Vision

“The DFSA looks forward to continuing to fulfill the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position the DIFC as a global financial centre with strong and independent regulation.”

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

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