Emirates Investment Authority Appoints CEO

In May of this year, the Emirates Investment Authority (EIA), the sovereign wealth fund of the United Arab Emirates, made plans to restructure its board of directors. Now it has a new CEO. The fund manages the sovereign wealth of the United Arab Emirates’ federal government. Emirates Investment Authority manages both the strategic assets of the UAE federal government and the global endowment portfolio. The Emirates Investment Authority (EIA) is the sole entity responsible for the future stewardship of federal government stakes in over 30 corporations across the GCC, including Etisalat, Du, Gulf International Bank, United Arab Shipping Company and Gulf Investment Corporation.

The EIA has announced the new CEO: Mohamed Hamad Al Mehairi. He will assume the role due to the departure of Mubarak Rashed Al Mansoori. Mubarak Rashed Al Mansoori had been CEO since May of 2008. He was the governor of the central bank of UAE from 2014 until 2020, and a Board Member in Etisalat, Abu Dhabi Securities Exchange (ADX), Mobily in KSA, and Abu Dhabi National Co. for Building Materials (BILDCO).

Mohamed Hamad Al Mehairi was the Executive Director of Strategic Assets at Emirates Investment Authority. He has held numerous positions in the financial and investment sector such as Executive Director of Financial Institutions at Mubadala, CEO at Aabar Investments, and Director of Investments at IPIC. He has also served on the boards of other institutions.