Educational Background

• Ph.D. (Economics), University of California, 1986.
• Master of Arts in Economics, University of California, 1981.
• Bachelor of Arts in Economics with honors, San Diego State University, 1979.

Career History

Ministry of Finance and National Economy:

• Acting Deputy Minister of Finance and National Economy for Budget and Organization – August 1995.
• Participated in many intra and inter-ministerial committees.
• Head of Financial & Economic Analysis Unit, Budget Department 1981-1988.
• Supervised the operations of the World Bank Mission in the Kingdom, 1981-1983 and 1986-1988.

The International Monetary Fund:

• Executive Director at the IMF, 1990-1995.
• Alternate Executive Director at the IMF, 1989-1990.
• Economic Advisor to the Executive Director for Saudi Arabia at the IMF 1988-1989.
• Selected as Chairman of a Joint Committee of the Board of Directors of the World Bank and the IMF to review and evaluate the objectives and arrangements of the annual meetings of the Bank and the Fund.
• Took part in a number of permanent committees formed by the IMF Executive Board:
• Budget Committee.
• Committee on Relations between IMF and the World Trade Organization.
• Committee on Administrative Policies.
• Committee on Admission to Membership of countries of former Soviet Union.
• Committee of Eritrea’s Membership.
• Prepared a large number of research papers and studies on fiscal and monetary policies to H.E. The Minister of Finance and National Economy and H.E. The Governor of the Saudi Arabian Monetary Agency.
• Participated in the annual meetings of the World Bank and IMF over the period 1988-1995 and 2009.
• Participated in many conferences and symposia on economic issues.

The Saudi Arabian Monetary Agency:

• Governor of the Saudi Arabian Monetary Agency, as from 28/2/2009.
• Vice Governor of the Saudi Arabian Monetary Agency, as from 15/11/1995.

Directorships

• Chairman of the Board and Governor, Saudi Arabian Monetary Agency 2009.
• Member of the Supreme Economic Council of the Government of Saudi Arabia 2009.
• Member of the Board, Saudi Arabia’s Public Investment Fund (PIF) 2009
• Alternate Governor for Saudi Arabia at the Islamic Development Bank 2009.
• Alternate Governor for Saudi Arabia on the Boards of Governors of the International Monetary Fund - 2009
• Alternate Governor for Saudi Arabia on the Boards of Governors of The World Bank Group - 2009.
• Member of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets – 2009.
• Member of the Plenary of the Financial Stability Board, for Saudi Arabia 2009.
• Member of the Governing Body of the Basel Committee on Banking Supervision 2009.
• Chairman, The Council of the Islamic Financial Services Board Council for 2009 and Member of the Council.
• Member of the Higher Committee of King Saud University Endowment 2008.
• Chairman, Fund for Supporting Research and Educational Programs at King Fahd University of Petroleum and Minerals from February 2007.
• Chairman of the Board and Chairman of the Executive Committee of the Saudi Telecom Co. (STC) from 2006.
• Member, Board of Trustees, The Centennial Fund 2004.
• Member of the Saudi Arabian Negotiation Team on the accession of Saudi Arabia to the WTO and Chairman, Services Group from 1996.

Past Directorships

• Vice Governor and Vice Chairman of the Board of the Saudi Arabian Monetary Agency 1995-2009.
• Chairman of the Board of The Arab Investment Company, from 1997-2009.
• Member of the Board, Saudi Arabian Mining Co. (MA’ADEN), 1997-2008.
• Vice Chairman of the Board and Chairman of the Executive Committee of the Saudi Telecommunications Co., 1998-2003.
• Member of the Committee of external experts to conduct a Review of the Quota Formulas of the IMF (QFRG), 1999-2000.
• Chairman of the “Technical Saudi Negotiating Team” for negotiations with the “International Oil Companies” (IOCs), 2000-2001.
• Member of the Board, Saudi Public Pension Agency 2001-2008.
• Member of the Board, Saudi Arabian Airlines, from 2002-2009.
• Chairman, Eisenhower Fellowships Nominating Committee for Saudi Arabia, from 2004-2009.
• Member of the Consultative Council of Islamic Corporation for the Development of the Private Sector 2007-2009

A Saudi Leadership and Finance professional, holds an MSc. In Accounting from Kansas State University in the USA, Certified Public Accountant (CPA), Licensed from the State of Colorado, Chase Manhattan Wholesale program (an intensive credit program).

Mr. Al-Wagdany is the Director General of the Institute of Banking (IOB); his role serves the position of the Chief Executive of the IOB. The principal challenge of his function is to ensure the future of the organization as a reputable, value adding, knowledge-solution provider for the financial services industry, building on the management efficiency and effectiveness of the IOB, institutional governance process and the issues and effective networking with the key stakeholders of the sector to maintain and ensure the leading role of the IOB as the primary training and knowledge solution provider in the country.

Mr. Al-Wagdany served the IOB since January 1991, he started as a Professional Trainer in the area of Accounting and Credit, as Director for the Training Centre, and then as Acting Director General prior to be appointed as Director General for the Institute of Banking; his long experience within the IOB gave him thorough knowledge and understanding to be on the top of the Institute leading it toward its vision.

Mr. Al-Wagdany is a member of American Institute of Certified Public Accountants (AICPA).

William is a Director in the Forensic & Dispute Services practice serving the MENA region. He has over ten years of experience providing forensic investigations, dispute services and IT consulting, with a focus in the financial services industry. He has worked throughout the United States, Europe, Australia, Asia Pacific and Africa.

Prior to joining Deloitte Corporate Finance Limited, William spent seven years with Deloitte Financial Advisory Services LLP in the United States, based in Washington, DC. he worked on a wide range of forensic engagements, often conducted under the auspices of federal and state regulation agencies. William began his Deloitte career with the Management Solutions & Services practice of Deloitte & Touche LLP in New York. Focused on providing financial operations and IT consulting to midsize enterprises.

William assists clients in managing financial, regulatory and reputational risk. He focuses on fraud and anti-corruption investigations, anti-money laundering (AML) due diligence, asset tracing and recovery, litigation support and analytic and forensic technology. His clients have included law firms, institutional and retail banks, asset managers, IT and telecommunications companies, real estate companies, and government agencies.

John Bourbon, aged 52, is licensed by the Isle of Man Financial Supervision Commission to act as a Corporate Service Provider and a Trust Service Provider. Mr Bourbon has a background in private client investment and trust management gleaned from the Barclays Financial Services Group where he worked for 22 years from 1974 to 1996. He subsequently became Head of Supervision at the Isle of Man Financial Supervision Commission from 1996 to 2000. From 2000 to 2002, Mr. Bourbon was the Managing Director of the Cayman Islands Monetary Authority. Subsequent to this he returned to the Isle of Man setting up both KYCOS Limited and latterly John Bourbon Consulting Limited through which he provides advice and guidance on compliance and corporate governance issues. Mr. Bourbon holds a MSc in Financial Services Regulation and is a fellow of the Compliance Institute, The Chartered Institute of Bankers and the Chartered Institute of Securities and Investment. Mr Bourbon is the Chairman of the United Kingdom Compliance Institute. Mr Bourbon is also a director of AIM listed Dhir India Investments PLC and The Value Catalyst Fund Limited. Mr Bourbon is resident in the Isle of Man.

David Cafferty has over 20 years experience in the fields of accounting, corporate governance, financial crime, compliance, and anti-money laundering. A UK police-trained financial investigator and fraud examiner, he is also a Chartered Management Accountant and a Certified Fraud Examiner.

A Forensic Accountant by profession, David is a member of the Chartered Institute of Management Accountant’s (CIMA) Technical Advisory Group (specialising in financial crime and money laundering); a member of the UK Consultative Committee of Accounting Bodies (CCAB) Money Laundering Working Group; a member of the Institute of Money Laundering Prevention Officers; a member of the Association of Certified Fraud Examiners; and a member of the UK Fraud Advisory Panel. He is also a member of the European Corporate Governance Institute, a member of Hawkamah – the Institute of Corporate Governance, and is registered as an “expert” with the Abu Dhabi Chamber of Commerce and Industry.

He is an international speaker on subjects relating to corporate governance, financial crime, compliance, counter terrorist financing, and money laundering and is a regular contributor to journals, magazines and newspapers on the same subjects. He has appeared on television in the UK and overseas as a subject matter specialist and has written a number of books in relation to Fraud Risk Management and Anti-Money Laundering, as well as developing a Fraud Risk Management Model which was recommended for use by the United Nations.

His professional activities includes 5 years with the third largest Fraud squad in the UK and a number of years acting as a trainer, investigator and consultant in the fields of forensic accounting, corporate governance, financial crime, compliance, and money laundering.

Specialist assignments include criminal cases of serious or complicated frauds, major money laundering and asset recovery inquiries. Civil law assignments encompass matrimonial disputes, personal injury, taxation, commercial disputes, arbitration, and insurance accounting in relation to claims for business interruption and increased costs of working as well as fidelity claims. Industry experience includes local and central government, law enforcement (in the UK and Overseas), professional bodies, oil and gas, communications, IT, energy, hospitality, manufacturing, construction, financial services, banking, leisure, and transport.

Assignments and speaking engagements have seen David working in many countries around the world and, for example, recent engagements include visits to the UK, Germany, Bahrain, Qatar, Oman, Hong Kong, Singapore, Pakistan, and the UAE.

Simon has recently relocated to Dubai from the Washington DC office where he was a Principal in Deloitte FAS LLP and the FAS leader of the US firm’s National Investment Management practice. Simon brings more than 19 years of experience having previously worked on financial and fraud investigations, bank liquidations and restructurings, asset tracing and recovery throughout Europe, North and South America, Asia the Middle East and the Caribbean. He also has significant experience in litigation and dispute resolution and disaster recovery.

Key Experience

• Simon has assisted clients with compliance readiness and control assurance, most recently in the area of Sarbanes-Oxley 404 readiness, operational due diligence, fraud risk assessments and in conducting FCPA and AML related investigations and compliance assessments. Simon also has assisted clients in responding to regulatory enquiries and enforcement actions.
• Simon has worked extensively on multi-jurisdictional Bank and Financial Services company liquidations and reorganizations conducting investigations and assisting in the identification, freezing and recovery of assets and the controlled management of companies (including banks, collective investment schemes and reinsurance companies) in provisional liquidations/controllerships. This has included managing the adjudication of claims process and distributions to creditors, financial reporting and treasury management.

Hany faidy joined NCB in 1984 and worked in a lot of areas including Correspondent Banking , International Operation and Accounts, Audit.

Since 2003, he became the Head of Compliance Division in NCB and in May 2009, he was appointed as the Group Chief compliance Officer, looking after all NCB local and foreign subsidiaries, in addition to the overseas branches.

He was the AML Reporting officer for NCB from 2003 till 2006, and participated in a lot of projects regarding the enhancing the AML framework in NCB.

He was also appointed to be the Chairman of the Anti-Money Laundering and Financial Crimes committee in Saudi Arabia, which is formed upon SAMA’s request.

Brian Frazier serves as the United States Resident Legal Advisor for the United Arab Emirates and the Middle East, working out of the United States Embassy in Abu Dhabi. He is detailed to this post from the federal prosecutor’s office in Miami, Florida, where he has served for eight years.

Mr. Frazier graduated from Dartmouth College, the University of Cambridge, and Yale Law School. He has worked in the Office of the Solicitor General at the United States Justice Department and clerked for Judge Patrick Higginbotham of the United States Court of Appeals. Mr. Frazier has also spent a number of years in the private practice of law, where he has handled complex commercial and white collar criminal cases.

Mr. Frazier has prosecuted narcotics, public corruption, espionage, and terrorism cases, including cases in which the defendants provided material support to designated foreign terrorist organizations and committed money laundering offenses.

Gulfmena's operational & risk management control function is headed by Marc Hambach who has extensive experience in regulatory, compliance, legal and operational affairs. His current responsibilities include fund control and portfolio risk management, middle office, back office, reconciliation, finance, HR, product structuring, legal and compliance oversight. Mr. Hambach previously worked at SHUAA Capital (Dubai) as the COO of the Asset Management Division. Prior to that he served for 5 years as an Associate Director & Head of AML at the DFSA, the financial services regulator in the DIFC which he joined in 2003 and where he assisted in setting up the regulator and the regulatory regime. Mr. Hambach was responsible for the Prudential and Conduct of Business supervision of several large European, U.S. and regional institutions in the areas of asset management, private banking, investment banking, fund administration, and Islamic Finance. From 1999 to 2003 he worked for Clearstream International, the Luxembourg based clearing house in a number of executive positions including Head of Compliance. Marc Hambach, a German national, started his career at a German law firm and subsequently engaged as a legal consultant focusing on IPOs. He holds a Master Degree in Law from the Ruprecht-Karls-University, Heidelberg, Germany and is an INSEAD Alumni and a Certified Anti Money Laundering Specialist.

Mohammed Salman Khan is Assistant Vice President in the Operational Risk Management Department of Riyad Bank. In this capacity, he is responsible for managing the bank-wide implementation of Control Self-Assessments, Key Risk Indicators monitoring, risk reviews and preparing the bank for the implementation of the Advanced Measurement Approach (AMA) for Operational Risk.

Prior to joining Riyad Bank, Mohammed held a variety of senior roles within the Australian banking sector including key roles where he worked as an Economist with the Australian Government Treasury Department in Canberra. Some of the prominent contributions he has made during his career in Australia included providing advise to treasury in key infrastructure projects and drafting major policy documents for the Department; providing advise on the key commercial contracts between public and private sector and undertaking risk management reviews on major banking products and services.

Some of the notable achievements during his tenure at Riyad bank have involved working on the documentation and execution of the launch of a $US1.6 billion Euro Medium Term Note programme by Riyad Bank during 2006; overseeing and assisting in the preparation of the prospectus for the largest ever Rights Issue launch by Riyad Bank during 2008; managing the identification, measurement and reporting of Key Risk Indicators (KRIs) within the various contextual segments of the Bank in order to provide early warning alert capability; managing the monitoring of risks and controls by means of Bank-wide Risk and Control Self Assessment program (CRSA).

Mohammed graduated with an Honors degree in Economics from the University of Newcastle in Australia in 1999.

Nadim Kyriakos-Saad is Deputy Head of the Financial Integrity Group of the Legal Department at the International Monetary Fund where he also leads the Legal Issues and Fund Policies Unit. He joined the Fund’s Legal Department in 1998. Nadim specializes in anti-money laundering and combating the financing of terrorism (AML/CFT) issues. He contributes to the design of the Fund’s policy on AML/CFT and has carried out a number of country assessments as well as technical assistance missions in Asia, Africa, Europe, the Middle East, and the Western Hemisphere. He has also authored and co-authored a number of IMF publications on AML/CFT matters.

Susan McAll joined Lloyds Banking Group in October 2008 as Risk Management Director, International Banking. She is an experienced risk professional who has built and managed international risk and compliance functions for fast growing businesses. During the course of her career she has held director level roles in risk management and compliance at the Royal Bank of Scotland, Fidelity Investments and Merrill Lynch. She also has experience as Chief Operating Officer and Senior Legal Counsel. She started her career as a banking litigation lawyer at Linklaters, London and is author of a book on the resolution of banking disputes.

Prior to joining the QFCRA in 2006, Mr. Lesser had 35 years of experience as a supervisor of banks and financial institutions. A recipient of the Robert H. McCormick Award for Excellence in International Bank Supervision, Mr. Lesser previously worked at the New York State Banking Department as Deputy Superintendent of Banks, with overall responsibility for the supervision of depository institutions. He headed various divisions at the N.Y. State Banking Department, including Large Complex Banks, Foreign Banks, Research and Technical Assistance and held the position of Chief Bank Examiner. He also had responsibility for overseas examinations and international regulatory liaison. Mr. Lesser has drafted protocols (both interstate and federal-state) for the U.S. foreign bank supervision cooperation agreements. He has also worked on the drafting of the rating system and examination manuals used in the U.S. for offices of foreign banking organizations. Mr. Lesser holds a Bachelor of Arts degree in Economics from The City College of New York.

Ian Lyall is a Managing Director and the Deputy Head of the EMEA Regional Compliance Team based in London, and has been with JPMorgan and its heritage organisations since 1979. He is the Money Laundering Reporting Officer in the UK with EMEA responsibilities. He has two teams working for him on AML policy and coordination and also monitoring. In addition, he is responsible for the Internal Governance in the UK including regulatory liaison, subsidiary oversight and Company Secretarial matters.. In this Internal Governance role, he is a director of majority of the unregulated UK based subsidiaries of the J.P. Morgan group.

He has held senior roles within Compliance since 1993. Prior to that, he spent 13 years with the International Internal Audit Department leaving as the Deputy Head. He also spent a year with the Controller function.

After graduating from the University of Glasgow with an Honours Degree in Political Economy and Systematic Geography, he worked for National Westminster Bank plc for 6 years in both branches and Corporate Finance. He is an ACIB.

Dr. Nasser H. Saidi is the Chief Economist of the Dubai International Financial Centre Authority (DIFCA) and Executive Director of the Hawkamah-Institute for Corporate Governance at the Dubai International Financial Centre (DIFC). He served as the Data Protection Commissioner of DIFC from January to August 2007.

He was the Minister of Economy and Trade and Minister of Industry of Lebanon between 1998 and 2000. He was the First Vice-Governor of the Central Bank of Lebanon for two successive mandates, 1993–1998 and 1998–2003. He is Co-Chair of the Organization of Economic Cooperation and Development’s (OECD) MENA Corporate Governance Working Group and established the Lebanon Corporate Governance Task Force. He was a Member of the UN Committee for Development Policy (UNCDP) for two mandates over the period 2000–2006, a position to which he was appointed personally by former UN Secretary General Kofi Annan.

He recently authored a book, “Corporate Governance in the MENA countries: Improving Transparency & Disclosure”. A number of his books and publications have been published; they address macroeconomic, capital market development and international economic issues in Lebanon and the region. His research interests include macroeconomics, financial market development, payment systems and international economic policy, and information and communication technology (ICT). Dr. Saidi has served as an economic adviser and director to a number of central banks and financial institutions in Arab countries, Europe, and Central and Latin America. Prior to his public career, Dr. Saidi was a Professor of Economics at the Department of Economics in the University of Chicago, the Institut Universitaire de Hautes Etudes Internationales (Geneva, CH), and the Université de Genève. He was also a lecturer at the American University of Beirut and the Université St. Joseph in Beirut. He holds a Ph.D. and an M.A. in Economics from the University of Rochester in the USA, an M.Sc. from University College London and a B.A. from the American University of Beirut.

Andrew Sealy holds a Bachelor of Law degree from Melbourne University in Australia and is admitted to practice as a Barrister and Solicitor of the Supreme Court of Victoria (Australia). Prior to joining the QFCRA as Associate Director in the Legal and Regulatory Compliance Division, he worked for four years in the dispute resolution department of an international law firm in London and for three years at the Australian Securities and Investments Commission (ASIC). At ASIC he worked in both the Enforcement Directorate and the Compliance (Financial Services) Directorate, conducting investigations and surveillances in relation to the provision of financial services.

Saeed Ahmed Solangi is currently working as an assistant manager in the Risk Management Department of Riyad Bank with a focus on managing, implementing, supporting and training of Anti Money Laundering and Combating Terrorist Financing systems.

Saeed has more than 7 years of experience in the IT industry including 4 years in areas viz. Risk Management, Compliance and Money Laundering Control at Riyad Bank. He was involved in project management, implementation and support of several enterprise level IT solutions.

Some of the notable achievements during his tenure at Riyad bank involve working on the automation of international payments checking against various sanction lists in real time during 2008 and Implementation of customer data verification against the National Identification Center database. He is currently involved in upgrading AML /CTF and fraud systems to meet recent challenges in the field and comply with international requirements in the finance industry.

Saeed graduated in Information Technology from University of Sindh, Pakistan in 2002.

François joined TI in September 2008. He started his career as a government employee and held a number of positions in the French public service, including advisor to the Minister of industry. He then moved to mergers and acquisitions with BNP Paribas, and strategy consulting with Accenture, where he was a partner. Prior to joining TI, he was the editor-in-chief of an economical review. François graduated from Ecole Polytechnique and Ecole des Mines de Paris, and holds a PhD in Early Modern History.

Atif is a Director with Deloitte Corporate Finance Limited with over ten years of Assurance and Advisory experience. Atif has recently moved from Deloitte UK’s London office where he specialized in the Banking & Securities industry.

Atif is an Associate of the Institute of Chartered Accountants in England and Wales, and a Fellow at the Association of Chartered Certified Accountants in the UK.

Key experience

• Atif has assisted with regulatory license applications, setting up Anti-Money Laundering and Compliance functions for banks, compliance due diligence for transaction support, compliance with Economic Sanctions and advising on financial crime management.
• Atif was lead project manager on the global firm’s Islamic Finance initiative and has extensive experience of working with Sharia’a-compliant financial institutions.
• Atif has spent a considerable amount of time working in the MENA region with local and global financial institutions. He is the author of a publication which includes detailed analysis of regulatory requirements for banks and other financial institutions in the United Kingdom, Dubai International Financial Centre, United Arab Emirates, Kingdom of Saudi Arabia, Kingdom of Bahrain, Kuwait, Malaysia, Singapore, South Africa, China and Canada.
• Atif has gained experience in financial and commercial due diligence for mergers and acquisitions, securitization transactions, accounting advice for complex financial instruments under UK, US and International accounting standards.