Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Sultan Nasser Al Suwaidi
32

Sultan Nasser Al Suwaidi

Industry: Banking & Finance

Company: UAE Central Bank

Designation: Governor

Country: UAE

Sultan Bin Nasser Al Suwaidi, a UAE national, was born in Abu Dhabi in 1953.

He started his career at Abu Dhabi Investment Authority (ADIA) in 1978, at the Finance and Administration Department, and joined the Central Bank as Governor in 1991. At the Central Bank, Al Suwaidi was able to introduce or modernise many banking regulations. In 1994, he worked on establishing the ‘UAESwitch’ which started operations in 1996 and was able to connect all bank ATMs in the UAE. He also supported the establishment of an automated cheque clearing System for UAE banks. Guided by Al Suwaidi, the Central Bank is in the process of implementing many new initiatives such as the Image Cheque Clearing System, the Mobile Phone Payment System and Basel II.