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07 Sep 2017, 02:09 am

Maktoum bin Mohammed appoints two new members to DFSA’s Board of Directors

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC) today issued a decision appointing Julie Dickson and Teo Swee Lian as new members of the Board of Directors of the Dubai Financial Services Authority (DFSA). The addition of Dickson and Teo will further extend the range of high-level international regulatory experience and sector knowledge on the DFSA Board.

Dickson and Teo together bring more than 60 years of experience in financial services and capital market regulation at leading authorities in North America, Continental Europe and South East Asia.

Dickson most recently served with the European Central Bank (ECB), where she oversaw banking supervision and sat on the Supervisory Board of the Single Supervisory Mechanism. Prior to working with the ECB, Dickson was head of the Office of the Superintendent of Financial Institutions in Canada. Dickson also spent 15 years with the Department of Finance in Canada, primarily in areas related to financial institutions policy.

Teo joins the Board after spending 27 years at the Monetary Authority of Singapore (MAS). Her last executive role was as Deputy Managing Director in charge of Financial Supervision. In that role, Teo was responsible for the regulation and supervision of all institutions in the banking, insurance and capital market sectors, as well as for systemic risk oversight and macro-prudential surveillance.

Saeb Eigner, Chairman of the DFSA Board of Directors, said: “We deeply appreciate the constant support of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum for the development of the DFSA. The appointment of Julie Dickson and Teo Swee Lian by His Highness brings to our Board of Directors extensive regulatory experience, connectivity to North America, Continental Europe and South East Asia, and knowledge of the banking, capital markets and insurance industries.”

Their appointment is aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and founding President of the DIFC to develop Dubai as a global financial hub. It also reflects the determination of the DFSA to play its part in consolidating the position of the DIFC as the leading international financial centre of the region and one of the world’s principal international financial centres.

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