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About Dubai CSD

Dubai CSD Management Team

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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.

Biography:

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. 

 

Division's main functions:

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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.

Biography:

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.

Division's main functions:

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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.

Biography:

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.

Division's main functions: