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| 14 September, 2018

Dubai Financial Services Authority appoints new chief exec

Managing director Bryan Stirewalt will step up to replace Ian Johnston, who is retiring

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Core Savills/Handout via Thomson Reuters Zawya

Dubai Financial Services Authority (DFSA) is to appoint Bryan Stirewalt as its new chief executive.

Stirewalt, who has worked for DFSA for 10 years, including the last eight as managing director, will begin his new role next month. He replaces Ian Johnston, who announced that he would retire late last year.

In a press release, DFSA said Stirewalt had been appointed following a "global search" for Johnston's replacement.

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DFSA chairman Saeb Eigner said in the statement that Stirewalt "comes with wide international experience combined with a thorough knowledge of the workings of the DFSA and the context in which it operates."

Eigner also thanked Ian Johnston "for his many achievements, which include his leading role in enhancing the reputation of the DFSA as an internationally respected regulator, driving regulatory policy formation, participating in the work of international standard-setting bodies and managing the DFSA efficiently".

Stirewalt said he is "very privileged to step into the Chief Executive role and look forward to further contributing to the DFSA’s work in delivering world-class financial regulation in the DIFC.”

(Writing by Michael Fahy; Editing by Shane McGinley)

(michael.fahy@thomsonreuters.com).

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