DIFX appoints Ahmed Fahour board director

Source: Dubai International Financial Exchange

The Dubai International Financial Exchange Ltd (DIFX) today announced the appointment of Ahmed Fahour as a Board Director.

Mr. Fahour is the Chief Executive Officer, Australia, of the National Australia Bank Group and a Principal Board Director of National Australia Bank Limited.

Mr. Fahour takes up his appointment as the DIFX prepares for a new phase of development following the completion last month of the transaction among the DIFX, Borse Dubai Ltd and The Nasdaq Stock Market, Inc., which resulted in The NASDAQ OMX Group, Inc. acquiring a 33.3 percent stake in the DIFX.

Soud Ba'alawy, Chairman of the DIFX and Executive Chairman of Dubai Group, said: "Ahmed's first class experience in international financial services brings valuable expertise to the DIFX as it expands its activities. His longstanding knowledge of the region will assist Dubai's development as one of the world's leading financial centres."

Biographical details of Mr. Fahour:

Executive Director and Chief Executive Officer, Australia, of National Australia Bank

Ahmed Fahour joined the National Australia Bank Group in September 2004. He is a Principal Board Director of National Australia Bank Limited. He is also responsible for bringing together and managing the Group's main businesses in Australia and Asia - retail and business banking, corporate banking, and wealth management (MLC).

Before joining the Group, Mr Fahour was Chief Executive Officer, Australia and New Zealand, Citigroup and prior to this was Chief Executive Officer of Citigroup Alternative Investments in New York. In his role at Citigroup he was involved in various financial activities with Dubai organisations. He began his career at the Boston Consulting Group where he became a Partner and Director.

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