09 February 2012 — DFSA Announces its Chief Executive to Step Down Later This Year

Dubai, UAE, 9 February 2012: The Dubai Financial Services Authority (DFSA) announces, today, that after nearly four years in the Chief Executive's role, Mr Paul M Koster has decided to step down in September 2012.

The DFSA Board of Directors have commenced the normal nominations process for identifying a new Chief Executive, which is being guided by the DFSA's Governance and Nominations Committee.

The Board are confident of finding a worthy successor to Mr Paul M Koster to take over the important work which he, and his team, have been doing; to strive to maintain the high international standards of the DFSA as an independent regulatory body and to contribute to the success of the Dubai International Financial Centre (DIFC) as a whole.