Wed 12-09-2018 19:31 PM
DUBAI, 12th September, 2018 (WAM) -- The Board of Directors of the Dubai Financial Services Authority, DFSA, today announced, following a global search, the appointment of Bryan Stirewalt as the next Chief Executive of the DFSA. Bryan will succeed Ian Johnston, who in late 2017 announced his intention to retire from the DFSA.
The appointment will take effect from 1st October, 2018. During his tenure, Ian made a significant contribution to the DFSA and was key to its development as a strong and internationally respected regulator, as well as to the development of the Dubai International Financial Centre.
Commenting on the announcement, Bryan said, "I am honoured to take on this role and would like to extend my thanks and appreciation to the Board for entrusting me with this responsibility. I am very privileged to step into the Chief Executive role and look forward to further contributing to the DFSA’s work in delivering world-class financial regulation in the DIFC."
Bryan Stirewalt is an acclaimed financial regulator with a career that spans over 30 years in various public and private sector roles. He has been with the DFSA for 10 years, serving for the last eight years as Managing Director, Supervision. Bryan has extensive experience in financial regulation and played an active role in supporting the work of international standard-setting bodies. He now serves as the Co-Chair of the Basel Consultative Group, which provides a forum for deepening the Basel Committee on Banking Supervision’s engagement with country supervisors.
In turn, Saeb Eigner, Chairman of the DFSA, said, "The DFSA plays a crucial role as the independent financial regulator of the DIFC. Bryan has played a vital part in executing the DFSA’s regulatory mandate and developing its risk-based supervision framework. He comes with wide international experience combined with a thorough knowledge of the workings of the DFSA and the context in which it operates. The Board of Directors and I are looking forward to working with and supporting Bryan as he takes the lead in steering the work of the DFSA and further developing its capability as a robust regulator."