Dubai financial regulator appoints new chairman

Saeb Eigner, the CEO of London-based financial services company Lonwold, has been appointed chairman of the Dubai Financial Services Authority (DFSA), the financial regulator said on Wednesday.Eigner, who is also governor of the London Business School and founding chairman of its Middle East Regional Advisory Board, replaces Abdullah Saleh, who has chaired the board since 2007.The regulator said one of Eigner’s key priorities would be “implementation of international regulatory standards”. All board members have been reappointed for a further three year term, said DFSA. Eigner previously served as a director of DFSA and is a frequent commentator at economic forums. He also co-authored the book Sand to Silicon.Saleh, a financial advisor to the late ruler of Dubai, Sheikh Rashid Bin Saeed Al Maktoum, was appointed the new governor of Dubai International Financial Centre in July, replacing Ahmed Humaid Al Tayer.In late June, Dubai’s ruler named his uncle and close adviser Sheikh Ahmed bin Saeed al-Maktoum as chairman of Emirates NBD, the UAE’s largest bank by assets, also replacing Al Tayer. From / Arabian Business News