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About Dubai CSD

Dubai CSD 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 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.

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Ms. Haneen Al Hammadi

Position: Vice President – General Manager Operations

Brief: Haneen began her career with Dubai Financial Markets (DFM) in 2004 as part of the Depository Operations Team at the CSD Division and was responsible for handling the Investors Services.


She built a close relationship with Investors & played a key role in developing depository operations & introducing new services to Investors. She has played a key role in building a cash distribution mechanism to handle the dividends distribution of the listed companies at DFM. She was a key member in launching DFM eServices , iVESTOR Card & DFM Smart Services Mobile App. Haneen was appointed as General Manager of Depository Operations at Dubai CSD LLC in April 2020, as a result of Dubai Financial Market restructuring and segregating the post trade activities and the launch of the CSD. Her role is to manage the operations at Dubai CSD & develop the services provided to Dubai CSD stakeholders (Investors, Members, Listed Companies, Private Companies, Custodians & Official Authorities). Haneen has a Bachelor of Science in Management Information System from the American University of Sharjah (2003).

In her current role she is responsible for:

  • Overseeing daily operations of the organization to achieve efficiency and excellence.
  • Working with the Management to develop CSD operational strategy and create improvement plans to meet the strategic objective.
  • Implementing and reviewing appropriate operational policies and procedures to boost operational effectiveness.
  • Creating reliable internal controls and budgets and monitor adherence to those in line with organisations objectives.
  • Working closely with other internal stakeholders to promote operational efficiency.
  • Develop and build relationship with external stakeholder like Investors, Trading Members, Issuers, Depository Members, Custodians and other regulatory bodies. 


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Mr. Navin Dsouza

Position: Senior Vice President – Head of Risk Management

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 Head of Risk Management for Dubai CSD LLC in April 2020, as a result of Dubai Financial Market restructuring and segregating the post trade activities and the launch of the Dubai CSD.

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.

In his current role he is responsible for:

  • Implementing a Risk Management program of the post trade services in line with regulatory framework and international standards.
  • Advising management on matters related to the organization’s risk framework and draft and revise company policies in line with supporting regulatory framework.
  • Coordinating with local and international regulators, members in the area of Risk related to CSD.
  • Setting up the comprehensive CSD risk management framework in line with regulatory standards specially relating to margins and default framework
  • Identifying of risks related to Post trade and advise how such risks can be effectively mitigated through reliable internal controls and monitor adherence to those controls in line with organizations objectives.

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Mr. Ahmed Shamroukh

Position: Senior Manager – Legal and Compliance

Brief: Ahmed joined Dubai CSD in March 2021 as part Legal Compliance for Post trade services including CSD and CCP.


Ahmed is responsible for adherence to legal and regulatory framework in relation to post trade services in line with local regulatory framework and international standards. Ahmed is a Certified Anti-Money Laundering Specialist by “ACAMS”. In addition, he has obtained his Master degree in Law from Sorbonne University and Cairo University. Prior to joining DFM, Ahmed was Heading the Legal and Compliance department of the UAE Banks Federation. He began his career in UAE with several local banks as part of their Compliance department starting by First Gulf Bank, First Abu Dhabi Bank and National Bank of Fujairah.

In his current role he is responsible for:

  • Responsible for adherance to legal and regulatory framework in relation to post trade services.
  • Developing and implementing a legal & compliance program of the post trade services in line with regulatory framework and international IOSCO standards.
  • Drafting and revising company policies in line with supporting regulatory framework.
  • Keeping abreast of changing regulatory environment and update management of impact of these changes on the organisation
  • Coordinate with local and international regulators, members in the area of compliance related to CSD.
  • Developing and implementing compliance framework for supervising Members.

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