ADGM Authority to be led by Mark Nicholas Cutis

Abu Dhabi Global Market (ADGM), the emirate’s international financial centre, has created a new division to pursue post-pandemic business development opportunities.

The ADGM Authority will be led by Mark Nicholas Custis from June 1.

He joins from Abu Dhabi National Oil Company where he was group chief financial officer. Before that he spent 10 years at the sovereign wealth fund, Abu Dhabi Investment Council.

In addition to a strategy and business development office, the new body will also have separate functions for information management, enterprise risk management and corporate services.

The move comes a week after the ADGM introduced rules for the use of special purpose vehicles, a step designed to bring the emirate more in line with international best practice as it pursues international investors.

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