The Dubai Financial Market (DFM) Company announced that its Board of Directors have approved to appoint Hassan Al Serkal as the company’s new Chief Executive Officer (CEO) with immediate effect.

Al Serkal will lead DFM’s strategic development efforts during the coming period armed with his extensive experiences in capital markets sector being one of the founding team members of the DFM since its inception in the year 2000. He is assuming the new position after serving as the Chief Operating Officer (COO) and Head of Operations Division of DFM over the past years.

Under his supervision, the Division has successfully implemented numerous strategic initiatives, creating world-class technology and regulatory infrastructure for the market as well as diversifying its product offering and services.

His Excellency Essa Kazim, Chairman of the DFM has welcomed the Board’s decision to appoint Al Serkal in this position stating that Al Serkal will lead the team to implement new strategic initiatives that reinforce the successes of the DFM.

“This step concludes the wide-ranging reorganization process of the market’s structure over the past two years, which also included the establishment of independent companies for clearing and depository in line with best practices of exchange operators and post-trade service providers,” H.E. Essa Kazim added.

Mr. Al Serkal on his appointment said: “I’m extremely grateful for the DFM’s Board of Directors for their confidence and I look forward to achieve the strategic objectives of the market and strengthen its leading position amongst the leading financial markets, supported by the leadership guidance from the Directors as well as the dedication of the superb team members.”

DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market.

Source- Press Release