A new chairman has been appointed by ADQ for the board of directors of the Abu Dhabi Securities Exchange.

On Monday, “ADQ” announced the appointment of Ghannam Butti Al Mazrouei as the new Chairman of the Abu Dhabi Securities Exchange, along with the addition of two new members to the Board of the Exchange.

The statement stated that Al Mazrouei , who has been a board member of the Abu Dhabi Securities Market since 2015, also serves as the Secretary-General of the UAE Talent Competitiveness Council, where he oversees a program worth AED 24 billion ($6.5 billion) aimed at enhancing Emirati citizens’ participation in the private sector. Additionally, he is a member of the boards of the Abu Dhabi Retirement Fund and Aafaq Islamic Finance Company.

The statement mentioned that the two new members of the Market’s board of directors are Reem Ali Khamis Al Jafalah and Jawad Shafiq.

Reem holds the position of Head of Human Capital Department at Al-Qabda, bringing with her over 15 years of professional experience in human resources practices, employee performance enhancement, and talent management. As for Shafiq, he is the Director of Financial Services at Al-Qabda, with over 18 years of experience in investment management, mergers and acquisitions, transformation, and corporate restructuring. Currently, the Abu Dhabi Securities Market Board consists of five members, including the new Chairman and two new members. It also includes Kamal Al Mazmi, Director-General of Strategic Financial Affairs at the Abu Dhabi Finance Department, and Juma Al Hammali, CEO of Strategy and Business Development at Abu Dhabi Global Market, who have retained their seats. It is worth mentioning that ADQ, the third-largest sovereign wealth fund owned by the Emirate of Abu Dhabi, after Abu Dhabi Investment Authority and Mubadala Investment Company.