World Class Post-Trade Services


DCCD Management Team

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Ms. Maryam Mohamed Fekri

Position: Chief Executive Officer

Brief: Chief Executive Officer, Dubai Central Clearing & Depository Holding LLC from April 2020, Chief Executive Officer of Dubai CSD.


Ms. Maryam Fekri began her career working with the Dubai Economic Department followed by joining Dubai Financial Market (DFM) in the year 1998..Ms. Fikri was responsible for the clearing, settlement and depository operations as Executive Vice President - COO, Head of Clearing, Settlement and Depository Division. She assumed the role of Chief Executive Officer, Dubai Central Clearing & Depository Holding LLC (DCCD) in April 2020. DCCD is a 100% subsidiary of Dubai Financial Markets (DFM) and is responsible for all post trade related services. In addition to the above role she is also the Chief Executive Officer for Dubai CSD, an independent depository company licensed by SCA also acts as a Senior Advisor to Dubai Clear LLC a Securities CCP licensed by SCA.

Ms. Fekri was specifically nominated to contribute in the founding of what was then called, “The DFM Project”. She is one of the original five key pillars who actively strived towards transforming DFM - the first listed exchange in the GCC - from a mere vision into a fully operational and successful entity. Since then Ms. Fekri was fully in charge of the smooth running and operations of the Clearing, Settlement and Depository Division, the most significant business function and revenue generator in the DFM. Ms. Fekri championed the strategic use of technology to ensure maximum operational efficiency from which DFM's depository is a fully scripless and electronic depository. She is also responsible for the robust post-trade infrastructure which has recorded 100% systems availability with no clearing member defaults to-date. Under her leadership, Ms. Fekri spearheaded the taskforce responsible for the successful upgrade of the MSCI UAE Index status from ‘Frontier’ to ‘Emerging Market’ in the MSCI May 2014 Market Review. Ms. Fekri has a Bachelor's degree from the Dubai Higher Colleges of Technology. In 2018, DFM initiated the project to revamp the post-trade services in line with international best practices and to meet new regulatory requirements in the UAE. Ms. Fekri spearheaded the project to launch the subsidiaries of Dubai Central Clearing & Depository Holding LLC (DCCD), Dubai Clear (L.L.C.) and Dubai CSD (L.L.C.) successfully in April 2020. Dubai Clear is the region’s first independent company central counterparty (CCP) for equity clearing and Dubai CSD the UAE’s first independent central securities depository (CSD) company. DCCD is the holding company for Dubai Clear and Dubai CSD.

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Mr. Patrick Kong

Position: Senior Vice President of Post Trade Strategy

Brief: Patrick started his career in Dubai with Borse Dubai Limited responsible for post trade market infrastructure development.


He was later transferred to Dubai Financial Market(DFM) advising DFM on post-trade and CSD-related matters including on the structure of the current DFM post trade subsidiaries. Prior to Dubai, he was the acting head of Exchange Operations and head of Clearing & Settlement Operations at Bursa Malaysia for its equities, derivatives, offshore market & bond market. 

His experience with Bursa Malaysia include working with regional exchanges in Singapore and Hong Kong, and with the Malaysian securities regulator to ensure that Malaysia’s clearing & settlement infrastructure fully complies with the IOSCO’s assessment on Principle 30 based on the Recommendations for Securities Settlement Systems then. He also spent time as a regulator in supervision of markets where he was directly responsible for implementing Capital Adequacy Requirements for brokers and investor protection rules post the 1997 Asian financial crisis as part of the exchange’s enhancements of its front-line regulatory organization responsibilities. He oversaw the government’s policy decision to implement a mandatory segregated account regime and to ban short-selling during the financial crisis, and the subsequent re-introduction of regulated short-selling together with securities lending and borrowing 10 years later.

He was also a member of the pioneer team that implemented a depository system and the conversion of a scrip-based trading environment into a scripless dematerialized system.  He worked on various other projects including the ASEAN trading link project during its start-up, Bursa Malaysia’s joint-venture with the Chicago Mercantile Exchange for the derivatives market and co-designed the operational framework for Bursa Suk Al-Sila, the world’s first successful web-based electronic commodity Murabaha trading platform.

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Mr. Navin Dsouza

Position: Senior Vice President of Post Trade Support

Brief: Navin joined Dubai Financial Markets (DFM)in 2018 as part of the Post Trade Operations Team and was responsible for overseeing the operational processes for Post Trade Services.


Navin was appointed as Vice President for Post Trade Support for DCCD in April 2020, as a result of Dubai Financial Market restructuring and segregating the post trade activities and the launch of the CCP.

Navin has a Certified Financial Analyst (CFA) degree from the CFA Institute and Master degree in Finance from University of Mumbai. In addition, Navin has also obtained the Chartered Accountant degree from The Institute of Chartered Accountants of India.

Navin began his career with Deutsche Bank in Global Cash Operations department and was part of the Corporate Cash Management team. This was followed with spending couple of years working with National Stock Exchange (NSE) of India as part of Operations and Development team which was responsible for enhancing and implementing new processes in line with regulatory and business requirements across the Cash Equity and Derivatives Market. Prior to joining DFM, he was working as Director Operations for Dubai Gold and Commodities Exchange (DGCX) for over 10 years and was responsible for both Trading and Post Trade Operations. During his tenure with DGCX, he over saw the entire operations for the Exchange and the CCP including implementation of new products and services and managing various stakeholders like Members, Settlement Banks, Vaults, Warehouses and Regulators.  He was a key member of the project team responsible for obtaining the ESMA CCP recognition for DGCX CCP under EMIR framework and complete enhancement and migration of the Exchange and CCP platform in 2013.

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