DIFC Authority CEO resigns

August 24th, 2014 by Stephen Jones Leave a reply »

Jeffrey Singer said on Wednesday that he had resigned as chief executive of the DIFC Authority, which oversees Dubai’s financial free zone, the Dubai International Financial Centre. The resignation is with immediate effect, Singer said. He declined to comment further. Two financial industry sources said the resignation was for personal reasons and that DIFC Gov. Essa Kazim would continue to oversee the zone’s operations while a replacement for Singer was found. Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse, the smaller of the emirate’s two stock markets. Before that, he was a senior executive at NASDAQ OMX Group, handling that company’s international development

Founded in 2004, the DIFC his now the Middle East’s top banking center. The number of active registered companies operating within it rose 14 percent to 1,039 last year.

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