UAE - Mubasher: Abu Dhabi Global Market (ADGM) has named Emmanuel Givanakis the CEO of ADGM’s Financial Services Regulatory Authority (FSRA), succeeding Richard Teng who will step down at the end March 2021.

Givanakis, who is currently the Senior Executive Director of Policy and Legal at the FSRA, will assume his new position in April 2021, according to a press release on Monday.

With nearly 26-year experience in the legal and regulatory field, Givanakis joined ADGM in October 2014 as Director of Policy and Legal at FSRA and supervise the establishment of ADGM’s legislative framework.

Previously, the new CEO occupied senior legal and regulatory positions in Australia and the UAE, including Barrister-at-Law to the Supreme Courts of Queensland and New South Wales and a member of the Bar Association of Queensland and the Governance Institute of Australia.

Speaking about the appointment of Givanakis, the UAE Minister of State and Chairman of ADGM, Ahmed Ali Al Sayegh, said: "Emmanuel has seen ADGM through its growth stages and played a pivotal role in building ADGM’s strong legal and regulatory framework centred on transparency and public engagement."

Commenting on Teng’s departure,  Al Sayegh noted: "Richard’s leadership and drive in propelling ADGM’s stature as a world-class regulatory framework and an innovative adopter of progressive technologies have contributed significantly to our leading position today."