DIFC Authority names CEO

Nasser Mohammed bin Hussein Alshaali joins the board and is named CEO of the Dubai International Finance Centre Authority.
As its international profile grows in leaps and bounds, the Dubai International Finance Centre (DIFC) has made a sizable appointment to its growing team of executive luminaries. Nasser Mohammed bin Hussein Alshaali comes on board as chief executive officer of the DIFC Authority, joining a former HSBC bigwig on the board.

In the new posting, Alshaali will also serve on the board of the Dubai Statistics Centre and the Dubai International Financial Exchange (DIFX).

Prior to this appointment, Alshaali was the chief operating officer at the DIFX. While in the post he was instrumental in launching the Middle EastÆs only international exchange, attracting international financial institutions and other members to the DIFX and leading companies to list on the exchange.

In his time as chief operating officer for DIFX, Alshaali was also heavily involved in establishing the DIFX as the worldÆs largest market for Sukuks, a sharia compliant security which is often described as an Islamic equivalent of a bond.

Outside of this role with the DIFX, he was involved in developing the strategy of the DIFC Authority. Prior to this, Alshaali was involved in a similar role at the Dubai Technology and Media Free Zone Authority (TECOM), developing strategy, business development and planning.

ôAlshaali has helped to build the DIFX into a successful exchange in just over one year, with 22 listed products. This experience and his earlier roles within leading institutions including DIFC Authority makes him the ideal choice to lead the DIFC Authority in its next phase of growth, as the DIFC attracts more financial institutions and other companies to set up offices in the only international financial centre between Western Europe and East Asia,ö says Dr Omar Bin Sulaiman, governor of the DIFC.

AlshaaliÆs appointment comes approximately six months after DIFC recruited David Eldon, former chairman and chief executive of HSBC, as the authorityÆs chairman of the board.
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