Dubai Financial Services Authority, the emirate’s financial services regulator, appointed a new chief executive to replace Ian Johnston who will retire at the end of this month. Bryan Stirewalt will take over from October 1.
An industry veteran, Stirewalt is an acclaimed financial regulator with a career that spans over 30 years in various public and private sector roles. He has been with the DFSA for 10 years, serving for the last eight years as managing director, supervision.
Stirewalt (pictured) replaces Ian Johnston, who announced his intention to retire in late 2017 after taking on the role in June 2012.
“During his [Johnston’s] term, the DFSA became a signatory to important international bodies such as the International Organisation of Securities Commissions and the International Association of Insurance Supervisors, to name but two,” said DFSA chairman Saeb Eigner.
“He has also strengthened our relationship with other UAE regulatory authorities. I am sure that Bryan will build successfully on this legacy.”
On his new role, Stirewalt said: “I would like to extend my thanks and appreciation to the board for entrusting me with this responsibility. I am very privileged to step into the CEO role and look forward to further contributing to the DFSA’s work in delivering world-class financial regulation in the DIFC.”
In the past decade, the DFSA has become a signatory to international bodies such as the International Organisation of Securities Commissions and the International Association of Insurance Supervisors.