DFSA Board extends Chief Executive’s contract to 2013

Press release

Published April 4th, 2011 - 11:39 GMT

Al Bawaba

The Dubai Financial Services Authority (DFSA) today, announced the DFSA Board’s decision to extend the employment contract of its Chief Executive to December 2013.

Abdullah M Saleh, Chairman of the DFSA Board of Directors said, “Paul Koster has served as Chief Executive of the DFSA since December 2008 and I am very pleased that he has accepted the Board’s offer. Extending his employment contract to December 2013 will allow him to continue to drive the aims and goals of the Authority during this important period in the regulation of financial services globally.”

Paul Koster, Chief Executive of the DFSA said, “I am honoured that the DFSA Board has given me the opportunity to further shape and attune financial services regulation that best meets the dynamics and development of the Dubai International Financial Centre (DIFC). I am very happy that they have entrusted me to continue working with this professional team and for such a distinguished Board.”

Background Information

Dubai Financial Services Authority

The Dubai Financial Services Authority (DFSA) is the sole independent regulator of all financial and ancillary services conducted through the Dubai International Financial Centre (DIFC), a purpose-built free zone in Dubai.

The DFSA's regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.