Central Bank of UAE appoints Khaled Al Tameemi as vice governor

Mr Al Tameemi has been a board member of the central bank since 2008

The Central Bank of the UAE has appointed Khaled Mohammed Balama Al Tameemi as vice governor. Courtesy CBUAE

The Central Bank of the UAE on Tuesday appointed Khaled Al Tameemi as vice governor to help the regulator develop, support and supervise financial institutions in the country.

“His appointment at this critical juncture will help the CBUAE to accelerate the transformation of the UAE financial landscape,” the central bank said in a statement.

The regulator added that the move will help its goal in becoming one of the top central banks in the world.

As vice governor, Mr Al Tameemi will oversee the execution of the central bank’s vision of “promoting monetary and financial stability towards sustainable economic growth through effective supervision”.

Mr Al Tameemi has more than three decades of experience of working with public and government sector entities. He has been a board member of the Central Bank since 2008 and previously worked for the General Pension and Social Security Authority and Emirates Integrated Telecommunications Company. He also held the position of executive director of the Real Assets Department at the Abu Dhabi Investment Council.

He graduated in 1990 with a bachelor's degree in finance from Indiana University in the US and has held the Chartered Financial Analyst (CFA) professional credential since 1995, according to the CBUAE website.

Mr Al Tameemi's appointment is part of the UAE’s policy to groom Emirati executives to take over key roles at government institutions and regulatory authorities to ensure “proper business continuity and reaching desired goals”.

His promotion to vice governor follows the appointment of Abdulhamid Saeed as governor of the CBUAE in April last year. Mr Saeed has more than 35 years of experience in banking and financial services.