DFSA appoints new chairman - 28th Sep 2011

DUBAI: The Dubai Financial Services Authority (DFSA) has a new chairman.
His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, president of the Dubai International Financial Centre, appointed Saeb Eigner to the position and also re-appointed the existing board members for a further three years.
Eigner said, “The DFSA has strengthened its reputation as a world-class regulator under the leadership of the former chairman Mr Abdullah Saleh, who takes on his new responsibility as governor of the DIFC. I look forward to continuing to work with my colleagues and to leading the DFSA in its vital role as the regulator of the DIFC.”
According to Eigner one of his key priorities is the DFSA’s continued engagement with international standard-setting bodies and regulators, as well as the implementation of international regulatory standards.
Eigner has been a member of the DFSA board since 2004, deputy chairman since 2007, and was previously as a director of the DFSA.
He is the founder and chairman of Lonworld, a private finance, property and investment group. He is also a governor of the London Business School.
Formerly a senior manager at ANZ Grindlays Bank PLC, in London, Eigner led the Middle East and Indian Sub-continent division of the private bank, which he left to found Lonworld in the early 1990s.
The DFSA board members working alongside Eigner include: Fadel Abdulbaqi Al Ali; Abdul Wahid Al Ulama; The Honourable Apurv Bagri; Michael Blair QC; Robert L Clarke; Lord Currie of Marylebone; The Earl of Home; Robert Owen; J Andrew Spindler Georg Wittich; and Paul Koster, chief executive.

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