Jeff Singer resigns as CEO of Dubai financial zone authority

Harvard-educated Singer was appointed to DIFC role in 2012; declines to give reason for departure
Jeff Singer resigns as CEO of Dubai financial zone authority
37. (26) Jeff Singer


As CEO of international stock exchange NASDAQ Dubai, Harvard-educated Singer has been responsible for overseeing the emirate’s international bourse since 2008, when he was lured to the Middle East from his previous position with the NASDAQ in New York.(ITP Images)
By Reuters
Wed 20 Aug 2014 01:44 PM

Jeffrey Singer said on Wednesday that he had resigned as chief executive of theDIFC Authority, which oversees Dubai's financial free zone, the Dubai International Financial Centre.

The resignation is with immediate effect, Singer told Reuters by telephone. He declined to comment further.

Founded in 2004, the DIFC has grown rapidly to become the Middle East's top banking centre. The number of active registered companies operating within it rose 14 percent to 1,039 last year.

Two financial industry sources aware of the matter said the resignation was for personal reasons and that DIFC Governor Essa Kazim would continue to oversee the zone's operations while a replacement for Singer was found.

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse, the smaller of the emirate's two stock markets. Before that, he was a senior executive at NASDAQ OMX Group, handling that company's international development.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.