Former DIFC and DFSA chief dies

Abdullah Mohammed Saleh, a respected and well-known United Arab Emirates financial services figure, has died according to local reports.

Saleh, pictured above, had played a pivotal role in positioning Dubai as an international hub for the financial services industry and was a former head of the Dubai International Financial Centre (DIFC). He passed away on Tuesday, a report in local news outlet The Khaleej Times said.

He was one of the best-known figures across Dubai financial sector over 50 years in various key roles, but according to reports, had been bed-ridden for the past several months.

Saleh was also known as a former advisor on financial matters to the late ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum as well as heading the DIFC as its governor from 2011 to 2013 and later as a member of the Higher Board of the DIFC.

Saleh started his banking career as one of the founders of the National Bank of Dubai as early as in 1963, and became its managing director from 1982 until January 2004, and chairman from 2005 until NBD’s merger with Emirates Bank International to become Emirates NBD.

He also served as chairman of the Dubai Financial Service Authority (DFSA) from June 2007 to August 2011, having served as a director of the DFSA since 2004.

Earlier in his career he was the chairman of MARSH INSCO (insurance brokers) since 1976. He was educated in Sharjah and London and also attended the Institute of Bankers after completing his studies.

ABOUT THE AUTHOR
Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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