#AbuDhabi Global Market sets up ADGM Authority; names new CEO | ZAWYA MENA Edition

Abu Dhabi Global Market sets up ADGM Authority; names new CEO | ZAWYA MENA Edition

ADGM Authorities Blg from SouthSide.Abu Dhabi Global Market/Handout via Thomson Reuters Zawya

Abu Dhabi Global Market (ADGM), the international financial centre in the emirate, has approved setting up the ‘ADGM Authority’ and named Mark Nicholas Cutis as its chief executive officer.

The new authority will play a pivotal role in driving ADGM’s growth by leveraging the trends emerging across the international financial services sector and the developments associated with the post pandemic world, the centre said in a statement.

Cutis, who will assume his position on June 1st, 2021, was earlier the group chief financial officer at ADNOC as well as being chief adviser of finance and investments.

Before ADNOC, he worked for 10 years at the sovereign wealth fund, Abu Dhabi Investment Council, which he had joined in March 2008.