As the global financial landscape continues to evolve, it becomes increasingly essential to have visionary leaders who can navigate the complexities of capital markets. Maryam Al Suwaidi, the CEO of the Securities and Commodities Authority (SCA) in the United Arab Emirates (U.A.E.), is one such leader. In this exclusive interview, we delve into her journey, her aspirations for the U.A.E.’s financial sector, and her role as a trailblazing woman in finance.
2023: A New Chapter for Maryam Al Suwaidi
As we step into 2023, Maryam Al Suwaidi reflects on her appointment as the first female CEO of the SCA in October 2021. Her role is not merely a title; it symbolizes a significant milestone in the U.A.E.’s financial landscape. Al Suwaidi’s responsibilities encompass strengthening the legislative framework necessary for the development of capital markets in the U.A.E. This includes overseeing the Dubai Financial Market (DFM), the Abu Dhabi Stock Exchange (ADX), and the Dubai Gold & Commodities Exchange (DGCX).
Education as a Foundation
Al Suwaidi’s journey to the helm of the SCA is marked by her dedication to education and continuous learning. Her academic background boasts a PhD in law from the prestigious University of Leeds. This solid foundation in law and finance equips her with the knowledge and expertise required to navigate the intricate regulatory landscape of the financial sector.
Combating Financial Crimes
In September 2021, Maryam Al Suwaidi achieved another remarkable milestone when the Financial Action Task Force accredited her as the first Emirati female assessor expert in combating money laundering and terrorism financing. This recognition underscores her commitment to upholding the highest standards of financial integrity and safety within the U.A.E. and the wider region.
Empowering Women in Finance
Al Suwaidi’s ascent to become one of the most influential businesswomen in the Middle East is an inspiration for women aspiring to leadership roles in the finance industry. Her achievements break down barriers and shatter glass ceilings, paving the way for future generations of Emirati women in finance.
Vision for the U.A.E.’s Financial Sector
In our interview, Al Suwaidi shares her vision for the U.A.E.’s financial sector in 2023 and beyond. She emphasizes the importance of creating a robust and innovative financial ecosystem that attracts global investors and fosters economic growth. Her leadership at the SCA plays a pivotal role in achieving this vision, as she actively works to create an environment conducive to investment, regulatory compliance, and financial stability.
The Power of Collaboration
For Al Suwaidi, collaboration is key to driving success in the financial sector. She highlights the importance of partnerships between regulatory bodies, financial institutions, and market participants to ensure the U.A.E. remains at the forefront of global finance.
Leading by Example
As a female CEO in a male-dominated field, Al Suwaidi understands the significance of her role as a trailblazer. She aims to lead by example and inspire future generations of women to pursue careers in finance, assuring them that gender should never be a barrier to achieving leadership positions.
Conclusion
Maryam Al Suwaidi’s journey to becoming the CEO of the SCA is a testament to her dedication, education, and unwavering commitment to the financial sector. As she guides the U.A.E.’s capital markets into the future, her leadership promises to shape the nation’s financial landscape, foster economic growth, and empower women in finance. In 2023 and beyond, Maryam Al Suwaidi stands at the forefront of a new era in the U.A.E.’s financial history, leading the charge with wisdom, vision, and determination.
