Abu Dhabi Global Market has unveiled its latest high-profile hire with the appointment of the former DIFC executive director Dhaher Mohammed bin Dhaher Almheiri as the head of the centre’s registration bureau.
Mr Almheiri will be responsible in his new position for the development and oversight of the registration process for both financial and non-financial services companies established in the free zone.
He will also oversee the registration of property and members’ compliance to laws and non-financial services-related regulations.
“This is a very exciting time for Abu Dhabi and I am honoured to be able to take part in its remarkable growth story through Abu Dhabi Global Market, which has all the essential building blocks to become a key player in the global financial world,” said Mr Almheiri.
“I am looking forward to the opportunities that lie ahead as we build a robust and business- friendly registration process that meets our clients’ requirements and measures against top international financial centres globally.”
Mr Almheiri is ADGM’s third high-profile appointment in as many months. In October the free zone announced the appointment of Richard Teng, formerly chief regulatory officer of Singapore’s stock exchange, as chief executive of its regulatory authority.
Last month Sir Richard Sants, former chief executive of the UK’s Financial Services Authority and head of compliance at Barclays, was hired as chief adviser to ADGM’s chairman Ahmed Ali Al Sayegh on a short-term basis.
“We are delighted to have Dhaher join our team and we welcome him to Abu Dhabi Global Market,” said Mr Al Sayegh. “Dhaher has a solid track record in both the financial and non-financial services industry and a deep understanding of operational best practice.”
“[He] will be instrumental in delivering a customer-focused, efficient, business-friendly and seamless registration process, a key component of our core value proposition to our member institutions as we prepare to receive our first licence application later this year.”
The financial centre two weeks ago launched a public consultation on the first tranche of its operating regulations, with comment open until February 5 on draft regulations on subjects including the application of English law, companies and operating regulations, real property and insolvency regulations.
A second tranche of regulation is set to be released for consultation in the coming weeks.
jeverington@thenational.ae
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How to protect yourself when air quality drops
Install an air filter in your home.
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Shower or bath after being outside.
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Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The specs: 2018 Mercedes-Benz GLA
Price, base / as tested Dh150,900 / Dh173,600
Engine 2.0L inline four-cylinder
Transmission Seven-speed automatic
Power 211hp @ 5,500rpm
Torque 350Nm @ 1,200rpm
Fuel economy, combined 6.4L / 100km
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
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The specs
The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
Power: 340hp @ 3,500rpm
Torque: 500Nm @ 2,250rpm
Fuel economy, combined: 6.7L / 100km