Four new members were appointed to the Board of Directors of the Dubai Financial Services Authority (DFSA).
Robert Ophèle, Andrew Procter, Javan Herberg KC and Sock Koong Chua are the new members.
The decision, issued by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre, will enable the DFSA Board to benefit from the diverse expertise and experiences of the new members, further strengthening the Authority’s goal of enhancing the financial sector in the emirate.
Issuing the order, Al Maktoum the new appointments to the DFSA’s Board of Directors reinforce the emirate’s approach to consolidating its position as one of the world’s leading financial and business centres, aligning with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The DFSA appointments are among sustained efforts across various spheres inspired by the vision of Sheikh Mohammed to build on Dubai’s global brand, Sheikh Maktoum said.
The move also reflects the DFSA’s unstinting quest to attract the best global talent to help realise the ambitious economic blueprint pursued by Dubai and the UAE, besides in line with ambitious targets of the Dubai Economic Agenda (D33) that seek to transform Dubai into one of the world’s top three urban economies by the year 2033.
The DFSA’s Board of Directors is chaired by Fadel Al Ali and its existing members include Julie Dickson, Sabine Lautenschläger, Abdullah Sharafi, and Rupert Keeley, alongside DFSA Chief Executive Ian Johnston.
Robert Ophèle, who has more than 40 years of experience in the financial sector, is currently the Chairman of the Board of the Autorité des Normes Comptables, the French Accounting Standards Authority, while Andrew Procter, with more than 30 years of experience in legal and regulatory affairs, was a partner at international law firm Herbert Smith Freehills LLP for many years.
Javan Herberg KC, who was awarded the King’s Counsel status, is a pre-eminent practitioner in financial services regulation, while Sock Koong Chua is a leading businesswoman in Asia, currently serving as senior advisor at Singapore Telecommunications Limited (Singtel), Singapore’s largest telecom provider.
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