The solid performance of our initial portfolio as well as the rapid development of our investment platform and capability meant we were quickly entrusted by the Federal Government with further assets to manage and invest on behalf of the nation. Furthermore, he is a professional and motivational speaker, writes articles for local and regional media, is published in business journals on a regular basis, and holds chief positions as Chairman/Director of various reputable companies, including Gulf Capital, KHK & Partners Limited, Dalma Capital, Johnson Arabia LLC and KAAF Investments. Kaltham joined ADIA in 2006 as a Senior Analyst and developed extensive experience of Far East and Asia Pacific markets within external equities. The Audit Committee also periodically meets separately with the Banks internal auditors and the external auditor in the absence of management. H.E. Board Of Directors; CEO's Message; Staff. 13 of 2009. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. H.E. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. He has more than 16 years of banking experience, having held senior management positions with National Bank of Abu Dhabi and First Gulf Bank. In addition, the risk management and compliance functions monitor control activities on an ongoing basis. Get the full list, Youre viewing 5 of 98 team members. H.E. Board Of Directors - EIA H.H. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. Abu Dhabi Investment Authority (ADIA) - Investopedia Abu Dhabi Investment Council - Wikipedia PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi ADIA's mission is to sustain the long-term prosperity of Abu Dhabi by prudently growing capital through a disciplined investment process and committed people who reflect ADIA's cultural values. in Business Administration. [4], The operations of ADIA have historically and to the present been secretive and opaque. In the event that a vacancy arises, Directors are permitted to elect any individual nominated to fill the vacancy, but any director so appointed must seek election by the shareholders at the next annual general meeting. H.E. ADCB has implemented a Directors' conflicts of interest policy. in International Studies from the John Hopkins University. In this role, he oversees platform-wide activities, supports the delivery of the platforms investment strategy, manages the platforms capital allocation, ensures the successful implementation of capital deployment and monetization transactions and assesses value, risks and expected returns. Abu Dhabi Investment Authority has 3 board members and advisors, including Shubhrawpratap Dasgupta. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East. Devoting his career to progress, bold ideas and teamwork, His Excellency has positioned ADIO to always seek new ideas and challenges in order to promote Abu Dhabi globally. With a joint MBA from London Business School and Columbia, he then joined Mubadala in the UAE sovereign wealth sector. Kanoo has been investing on a personal and company level since 1991. He is currently part of the senior management team in the Crown Prince Court, serving as the executive director of the financial affairs, overseeing the entire financial activities and strategic initiatives. His Excellency Mohammad Al Gergawi is the United Arab Emirates Minister of Cabinet Affairs and The Future and serves as Chairman of Dubai Government. The Bank's policy is to, so far as possible, only engage in transactions with related parties (including Directors) on arm's length terms. Feedback. Beginning his career at the Abu Dhabi National Oil Company, H.E. H.E. Media & Resources - EIA How satisfied are you with the overall experience on our website? BSc Business Management (University of Sussex, UK). All rights reserved. Our support department structure has developed over many years to ensure that the business continues to operate efficiently at all levels in pursuit of ADIAs investment goals. Abu Dhabi Investment Authority - Crunchbase He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. 17 May, 2021. He has prioritized the adoption of breakthrough technologies including AI, Big Data and Blockchain to ensure ADNOC stays ahead of global energy demand and remains a key contributor He has received various awards including the United Nations flagship award Champion of the Earth in 2012, given to outstanding visionaries and leaders in the fields of policy, science and entrepreneurship. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. The Board of Directors set the strategic direction of the Bank (with due consideration given to risk tolerance, shareholder expectations, business development opportunities and other macroeconomic factors), which senior management then uses to design the Bank's strategic plan and prepare the annual budget for Board approval. He started his career at Abu Dha. The Board of Directors of the Emirates Investment Authority consists of a group of distinguished and accomplished individuals, led by His Highness Sheikh Mansour Bin Zayed Al Nahyan as its Chairman. The Bank is committed to sound corporate governance practices. He serves on the board of Emirates Global Aluminum-the fifth largest aluminum company in the world. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. Prior to taking on the leadership position at ADNOC, Dr. Al Jaber was the Chief Executive Officer of the Energy platform at Mubadala, the Abu Dhabi governments strategic investment arm. Vision To provide the clean power and water that governments, businesses and consumers need for a sustainable and successful life Mission Be a low carbon power and water champion Our Values Carlos Obeid joined the ADCB Board of Directors in 2019. The Council started its operations in April 2007 and is responsible for investing part of the government's surplus financial resources through a globally diversified investment strategy, targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active . 4 of 2007 and amended by Federal Decree Law No. Number of Exits 23. In 2013 Dr. Al Jaber was appointed an honorary Commander of the Most Excellent Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. Delegation of authority - monitoring matters delegated to Board Committees, Management Committees and management. In this role, he also spearheaded many initiatives to get the pulse of the people and know their sentiments, as well as build the UAEs long-lasting relations with international organizations such as the World Economic Forum. Evaluate the effectiveness of the Banks internal control system, identifying control objectives, reviewing significant control policies and establishing relevant control procedures. The Board of Directors are responsible for determining the Bank's strategic direction. Al Hussaini has widespread professional experience across the banking, finance, real estate and investment sectors. During his tenure, Dr. Al Jaber oversaw the completion of Khalifa Port, Abu Dhabis flagship, fastest growing deep water port as well as Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabis first integrated trade, industrial and logistics free zone. We quickly established a formal, three-stage investment process consisting of: rigorous pre-screening and initial due diligence; followed by Investment Committee review and debate; and final investment decision-making from our Executive Committee. The Board of Directors (the "Board") is the Bank's principal decision-making forum. Mr. Quarta graduated from the College of the Holy Cross. [10] In line with the above, the Bank has determined that, (a) Board members employed by Abu Dhabi Investment Council, the Government of Abu Dhabi's Department of Finance or Abu Dhabi Investment Authority should be classified as independent directors, (b) the Bank's Board contains a majority of independent directors, and (c) each of the Bank's Board committees contains a majority of independent directors. BSc Business Finance (Lewis &Clark College, USA). The Boards Nomination, Compensation, HR & Governance Committee is responsible to ensure that independent directors remain independent on a continuous basis. All audits are conducted in accordance with the annual audit plan, which is approved by the Audit Committee, and which may be broadened, as circumstances require. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. And a Chairman at Emaar Malls PJSC and an Independent Director at Badwa Capital Ltd.He previously served on the board of The National General Insurance Company and Takaful House, both publicly listed insurance companies, and was appointed as the interim chairman of Dubai Bank after its takeover by Emirates NBD. Investments ADIA manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories. Their most recent investment was on Dec 7, 2022, when Craftsman Automation raised Abu Dhabi Investment Authority has made 2 diversity investments. Mr. Al Badi has more than 35 years of experience in the government and private sector. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. He has completed a General Management Program from Harvard Business Schools and holds Bachelor in Business Administration with Honours. Prior to joining ADIO, His Excellency held leadership roles at various institutions, including Emirates NBD, Mubadala, and Citibank. The scope of the audit is agreed between the Audit Committee and the auditor. In particular, it sets the goals, strategies and policies of the Bank. Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. 1107 (D.D.C. She also served on the boards of National Bank of Abu Dhabi, Al Hilal Bank and National Takaful Co. Watania and was a Director in the Global Special Situations Department at the Abu Dhabi Investment Council. [6][citation needed], In the Bank of Credit and Commerce International scandal of the 1990s, ADIA reportedly lost hundreds of millions of dollars.