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 of Dubai Central Securities Depository LLC (Dubai CSD), in April 2020. In addition to the above role she is also the Chief Executive Officer for Dubai Central Clearing & Depository Holding LLC (DCCD), a 100% subsidiary of Dubai Financial Markets (DFM) which is responsible for all post trade related services and also acts as a Senior Advisor to Dubai Clear LLC an independent 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.