Dubai replaces head of offshore financial centre - FT.com

The ruler of Dubai has replaced Ahmed Humaid al-Tayer as the governor of the Dubai International Financial Centre, the emirate’s offshore financial centre and a significant strategic asset, shortly after he was dropped as chairman of the country’s largest bank.

In a statement on the website of the United Arab Emirates on Monday, Sheikh Mohammed bin Rashid al-Maktoum said he had appointed Abdullah Mohammed Saleh, currently chairman of the Dubai Financial Services Authority, as the new head of the centre.

“As per the decision, Saleh will replace Ahmed Humaid Al Tayer as the governor of the DIFC with immediate effect,” the statement said.

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