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23 April 2024

Greifeld joins DIFX board

By Staff Writer



Dubai International Financial Exchange has appointed Nasdaq Stock Market Chief Executive Officer Robert Greifeld as a board member. Greifeld will serve as vice-chairman of the DIFX and as a member of the DIFX’s Nomination and Remuneration Committee.

The DIFX also appointed Adena T Friedman as a member of the exchange’s Market Oversight Committee, the DIFX said in a statement. Friedman is also an Executive Vice-President

of Nasdaq.

Nasdaq and state-owned Borse Dubai, on February 27 completed a deal to buy Nordic exchange company OMX. As part of the Dubai- Nasdaq agreement, Nasdaq also gets a third of the Dubai International Financial Exchange (DIFX), which will be rebranded as a Nasdaq venture. Borse Dubai owns DIFX.

The rest of the DIFX Board membership remains unchanged and comprises: Chairman Soud Ba’alawy, Chief Executive Officer Per E Larsson, Maha Al Ghunaim, Bisher Barazi, Mohamed Binbrek, Essa Kazim, Gerald Lawless, George Möller and Shadi Sanbar. Ba’alawy and Kazim will serve on the newly-formed Nasdaq OMX Group Board.

The Dubai International Financial Exchange started in September 2005 and is the Gulf’s first bourse open to investors and issuers of any nationality.

It was set up to plug a gap in trading times between London and Singapore. It currently trades 53 securities, including structured products, as well as the stock of 13 companies.