In a significant move to bolster financial governance, the President of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, has issued a federal decree appointing new assistant governors at the Central Bank of the United Arab Emirates. This decree outlines the appointments of key personnel who will play vital roles in various sectors, ensuring the stability and efficiency of the national banking system. The positions include a focus on bank regulation, executive operations, financial crime prevention, and banking support services.
New Roles and Responsibilities
The federal decree from the President of the UAE highlights the appointments of Ahmed Saeed Al Qamzi as the Assistant Governor for Banking and Insurance Supervision, Ibrahim Al Hashemi as the Assistant Governor for the Executive Office and Secretary-General of the Board, Fatima Abdullah Al Jabri as the Assistant Governor for Financial Crime Prevention and Market Conduct, and Saif Hamid Al Dhaheri as the Assistant Governor for Banking Operations and Support Services. These new roles are crucial for steering the UAE’s financial landscape amidst global uncertainties.
Experience and Expertise
Ahmed Al Qamzi brings over 27 years of experience within the Central Bank, having held several leadership positions, including Head of Banking Supervision. His oversight encompasses various departments focused on regulatory activities and inspections. Al Qamzi has also served in strategic roles and is a member of the National Committee on Anti-Money Laundering, contributing to initiatives aimed at combating money laundering and financing terrorism.
Ibrahim Al Hashemi’s wealth of experience, exceeding 30 years, has been pivotal to the Central Bank. His leadership has driven significant organizational transformations, enhancing strategic operations and undertaking numerous human resource management projects. Additionally, he holds board positions at both UnionPay and the Banking and Insurance Dispute Resolution Unit “Syndic.”
Commitment to Financial Integrity
Fatima Al Jabri, with a career spanning over 25 years, has significantly impacted various banking institutions, including Citibank and Abu Dhabi Islamic Bank. Her experience positions her as a vital player in ensuring market integrity and consumer protection. She also serves on the National Committee to Combat Money Laundering and is actively engaged with the banking dispute resolution sector, emphasizing her commitment to financial integrity.
Saif Al Dhaheri has occupied diverse roles in the UAE financial sector, including senior advisor positions within Mubadala Investment Company’s HR services. His prior experience in operational roles has equipped him well for his current responsibilities at the Central Bank, further enhancing operational efficiencies within the financial system. He is also the Chairman of UnionPay and the Vice Chairman of the Emirates Financial Institute, underscoring his influence in the industry.
The federal decree appointing the new assistant governors at the Central Bank of the United Arab Emirates is a strategic step towards reinforcing the nation’s financial governance framework. It reflects a commitment to advancing the UAE’s banking sector through experienced leadership, ensuring the ongoing success of the country’s financial institutions.