His Highness 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, has made significant strides in reinforcing Dubai’s position as a global financial and business hub. The recent appointments to the Board of Directors of the Dubai Financial Services Authority (DFSA) are a testament to this commitment.
The decision to appoint four new members to the DFSA Board, namely Robert Ophèle, Andrew Procter, Javan Herberg KC, and Sock Koong Chua, reflects Sheikh Maktoum’s vision of aligning with the goals set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. These appointments bring a wealth of expertise to the DFSA Board, further enhancing the Authority’s efforts to strengthen the financial sector in Dubai.
Sheikh Maktoum emphasized the importance of these appointments in consolidating Dubai’s position as a leading financial and business center on the global stage. He highlighted the ambitious targets set by the Dubai Economic Agenda (D33) to transform Dubai into one of the world’s top three urban economies by 2033. These appointments also underscore the DFSA’s commitment to attracting top global talent to support Dubai’s economic growth and development.
The DFSA’s Board of Directors, chaired by Fadel Al Ali, comprises a diverse group of individuals with extensive experience in the financial sector. The existing members, including Julie Dickson, Sabine Lautenschläger, Abdullah Sharafi, and Rupert Keeley, alongside DFSA Chief Executive Ian Johnston, bring a wealth of knowledge and expertise to the table.
Robert Ophèle, with over 40 years of experience in the financial sector, has held key positions in various French and European boards, contributing significantly to regulatory frameworks and standards. Andrew Procter, with more than 30 years of experience in legal and regulatory affairs, has played a pivotal role in shaping regulatory policies at both global and European levels. Javan Herberg KC, recognized for his expertise in financial services regulation, has made significant contributions in the field of public and constitutional law. Sock Koong Chua, a leading businesswoman in Asia, brings a wealth of experience from her tenure as Group CEO of Singapore Telecommunications Limited.
These appointments to the DFSA Board underscore Dubai’s commitment to fostering a competitive work environment governed by the best regulatory frameworks. By attracting top global talent and promoting innovation and diversity in the financial sector, Dubai continues to strengthen its position as a global financial and business hub. Sheikh Maktoum’s vision, aligned with Sheikh Mohammed’s goals, sets the stage for Dubai’s continued growth and success in the international arena.