Yazan Mohamad Al Nasser appointed CFO bringing more than 30 years of financial experience
Experience in property and retail will benefit DIFC with expansion of the district underway
Dubai, UAE – Yazan Mohamad Al Nasser has been appointed as the new Chief Financial Officer for the Dubai International Financial Centre Authority, the body overseeing the leading financial centre in the Middle East, Africa and South Asia region.
As CFO, he is responsible for the formulation and review of key financial controls, business processes and management reporting, and the evaluation of commercial and investment opportunities. The appointment comes at a key time with DIFC continuing to expand into new areas and sectors as part of its ambitious 2024 Strategy that will see the Centre triple in size over a ten year period, and the major delivery of new infrastructure developments including the lifestyle destination, Gate Avenue at DIFC.
Mr. Al Nasser brings more than 30 years of international experience to the role in the fields of finance and audit. Prior to joining DIFC, he worked with Emaar malls PJSC, where as Chief Financial Officer he was responsible for a wide portfolio of shopping malls and community centres.
In his professional career, Mr. Al Nasser also served as senior staff at Majid Al Futtaim’s Internal Audit Department, as well as in the Audit and Oversight Office at the United Nations (UNRWA) in Vienna, Austria.
Welcoming the appointment, Chief Executive Officer of DIFC Authority, Arif Amiri said: “Dubai International Financial Centre has raised the standards for excellence in the region’s financial industry. As a result of our client-focused approach, we are widely recognised as one of the world’s fastest growing financial centres, aiming to have over 50,000 professionals and 1,000 financial firms by 2024. We are confident that Mr. Al Nasser’s industry experience will support DIFC in the delivery of its 2024 Strategy.
Yazan Mohamad Al Nasser, Chief Financial Officer at DIFC Authority, said: “It is an honour to join DIFC at a key time as it continues the development of its properties portfolio to achieve its growth strategy. I am excited to be joining the organisation and tackling the challenges as well as seizing the opportunities that lie ahead in the achievement of our 2024 Strategy, while creating sustainable growth through a vibrant financial services cluster.”
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About Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas. It also facilitates the growth in South-South trade and investment. An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses.
The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator, an independent judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.
In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing Africa, Southern Asia and Latin America.
Currently, 1,539 active registered companies operate from the Centre, with a combined workforce of 21,076 professionals.
DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.8 trillion.
For further information, please visit our website: www.difc.ae, or follow us on Twitter @DIFC.
For media enquiries, please contact:
Hajar Al Ketbi
Dubai International Financial Centre Authority
Vice President - Corporate Communications & Public Relations
Tel: +971 4 362 2440
Email: Hajar.AlKetbi@difc.ae
Magdalena Stepien
APCO Worldwide
Senior Account Director
Tel: +971 56 1142948
Email: mstepien@apcoworldwide.com
© Press Release 2017