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DFSA Board announces appointment of the next CEO

  • United Arab Emirates: Wednesday, September 17 - 2008 at 14:50

The Board of the Dubai Financial Services Authority ("DFSA") announced the appointment of Paul Koster as the next Chief Executive Officer ("CEO") of the DFSA. Paul succeeds David Knott, who retires from full time employment in December of this year, after nearly four years with the DFSA.

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David is widely credited as having established the DFSA as a highly regarded regulator operating to world-class standards.

Paul Koster, 55, was previously Commissioner and Member of the Executive Board, Autoriteit Financiële Markten ("AFM"), the Netherlands Authority for Financial markets.

Of his new role he said: "I am honoured and delighted to be joining such a world-class regulatory organisation. I very much look forward to becoming part of the DFSA and spending the next few years in this dynamic and stimulating environment."

Abdullah Saleh, Chairman of the DFSA, commenting on the appointment said:

"Paul's experience in shaping and developing the Dutch AFM is very relevant to the next phase of the DFSA's growth, as the Dubai International Financial Centre ("DIFC") continues to expand so successfully and is in full business mode. After an extensive and thorough search, we are delighted that we have attracted a person of his calibre and standing to the organisation, in itself a testament to the organisation's Board, executive and staff."
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Notes and media contacts

For further information please contact:

Ms. Angharad Irving - Jones
Manager, Communications and Strategic Planning
Dubai Financial Services Authority
Level 13, The Gate
Dubai, U.A.E.
Fax: +971 (0)4 362 0801

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