New Board of Directors for Dubai International Financial Centre Authority - David Eldon Appointed ChairmanPress Release04 May 2006 11:02 am
The Dubai International Financial Centre (DIFC) has appointed a new Board of Directors of the DIFC Authority. The previous Board is stepping down on schedule following its success in overseeing the creation and initial operational period of the DIFC.
The Chairman of the new Board is David Eldon, a former Chairman and Chief Executive of Hong Kong and Shanghai Banking Corporation Ltd. The Deputy Chairman is Abdulaziz Abdulla Al-Ghurair, the Chief Executive of Mashreqbank. The other Board Directors are Sameer Al Ansari, Hussain Al Qemzi, Cyrus Ardalan, Assem O. Kabesh and Essa Kazim.
The DIFC Authority develops the strategy of the DIFC, which opened in 2004 and is the world’s fastest growing international financial centre. The new Board has been carefully chosen to build on the success of the DIFC, which has attracted many of the worlds and the region’s leading financial services firms.
Dr Omar Bin Sulaiman, the Director General of the DIFC Authority, has been appointed as Chairman of DIFC Investments, which oversees the investment strategy of the DIFC as well as the operation of any current and future subsidiaries of the DIFC.