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Thu 31 Aug 2006 08:00 PM

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DFSA makes more senior appointments

The Dubai Financial Services Authority (DFSA) has appointed Ian Johnston to the new position of managing director, policy and legal services. Johnston joins DFSA from the Securities and Futures Commission of Hong Kong where he has been acting as a special advisor to the Commission.

Previously, he held senior roles with the Australian Securities and Investments Commission, including executive director, financial services regulation. Johnston is also a member of the Joint Forum, which comprises representatives of major international regulatory standard setters (IOSCO, BASLE and IAIS), and researches regulatory issues that impact across the banking, securities and insurance sectors. Other recent appointments at the

DFSA include Matthew Gamble as associate director, audit, where he is responsible for auditor registration and supervision. Gamble was formerly an officer of the Qatar Financial Centre Regulatory Authority.

Joyce Maykut QC, DFSA’s general counsel, has been reappointed for a further three year term, and has also become secretary to the DFSA board. “These latest appointments add valuable experience and expertise that will enhance DFSA’s capabilities and reputation as a world class financial services regulator,” said David Knott, chief executive of the DFSA. “Mr. Johnston’s appointment recognises the critical importance of quality policy formation and administration in light of the rapid growth of the DIFC and the recent and future expansion of activities to include trusts, managed funds, (including funds administration and custody), REITS, securitisation and family office service.

“Mr. Gamble’s appointment coincides with DFSA’s release of a consultation paper outlining our proposals for the future conduct of audit within the DIFC. He has ideal credentials to lead our work program in that area. Ms. Maykut QC has been a key member of the DFSA’s senior executive team since the DIFC was first established.”

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