The Dubai Financial Services Authority (DFSA) has announced that Ms Muna Dandan will join the regulator as General Counsel.
In the past, Ms Dandan has held a number of senior legal positions in the private sector and has significant experience in legal practice. As General Counsel, Ms Dandan will be responsible for the entirety of legal work carried out by the regulator.
Ms Dandan’s appointment follows an international search carried out by Hedley May LLP, and is set to become effective at the end of September 2015.
Mr Ian Johnston, Chief Executive of the DFSA said:
“I am pleased to welcome Muna to our executive team. The position of General Counsel carries significant responsibilities for the DFSA and its Board and it is clear that Muna brings an excellent balance of legal and industry knowledge to the DFSA”.
Mr Johnston acknowledged the contributions made by the outgoing General Counsel, Mr Michael Ridgeway and the Managing Director of Policy and Legal Services, Mr Errol Hoopmann. The contracts of both Mr Ridgeway and Mr Hoopmann are close to end.
“I would like to thank Errol and Michael for the excellent work they did at the DFSA. Each added greatly to our reputation and that of the Dubai International Financial centre (DIFC), and we are sorry to see them go”, Mr Johnston commented.
The DFSA also confirmed that Mr Peter Smith, Head of Policy and Strategy will now have oversight of all policy work at the regulator.
To view the official announcement about the appointment, click here.