Khaled Mohamed Balama Explained

Office:Governor of the Central Bank of the United Arab Emirates
Term Start:5 April 2021
President:Khalifa bin Zayed Al Nahyan
Mohammed bin Zayed Al Nahyan
Predecessor:Abdulhamid M. Saeed
Birth Place:United Arab Emirates
Alma Mater:Indiana University School of Business (BS)

Khaled Mohammed Salem Balama Al Tameemi[1] is the current governor of the Central Bank of the United Arab Emirates (CBUAE). He has over 30 years of experience in the fields of banking, financial services, asset management, and investments.[2]

Balama was born in the United Arab Emirates and studied finance at Indiana University School of Business (now Kelley School of Business), where he received a Bachelor of Science degree in 1990. He has been a Chartered Financial Analyst (CFA) since 1995. He has held various senior positions at the Abu Dhabi Investment Authority, including executive director of the Real Assets Department.

Balama was appointed governor of CBUAE on 5 April 2021.[3] As governor, he is responsible for overseeing the functions of ensuring the UAE's monetary and financial stability. He has overseen several initiatives, including the Targeted Economic Support Scheme (TESS).[4] [5] In September 2021, CBUAE issued new guidance to help financial institutions combat money laundering and terrorism financing.[6] [7] In December 2021, the bank developed an enhanced framework to supervise the exposure of the banks to the real estate sector.[8] [9]

Notes and References

  1. Web site: Executive bios of prominent people and decision makers in Arabia . 2022-12-13 . Dhow Net . en-US.
  2. Web site: H.E. Khaled Mohamed Balama . 13 December 2022 . Emirates Institute for Banking and Financial Studies.
  3. Web site: Derhally . Massoud A. . 2021-04-07 . Sheikh Khalifa appoints Khaled Al Tameemi as governor of Central Bank of the UAE . 2022-12-21 . The National . en.
  4. Web site: Wam . CBUAE confirms withdrawal of support measures will be gradual . 2022-12-21 . Khaleej Times . en.
  5. Web site: Chambers of commerce play key role in Dubai economic progress . 2022-12-21 . www.gulftoday.ae.
  6. Web site: Salian . Neesha . 2022-08-03 . CBUAE issues anti-money laundering guidelines for politically exposed persons . 2022-12-21 . en-US.
  7. Web site: 2022-09-20 . UAE and Saudi central banks to take joint enforcement measures on the insurance sector . 2022-12-21 . InternationalInvestment . en.
  8. Web site: 2022-04-13 . Khaled Mohammed Balama Gulf Business . 2022-12-13 . en-US.
  9. Web site: Reporter . A. Staff . UAE Central Bank to increase oversight on banks' real estate exposures . 2022-12-21 . Khaleej Times . en.