Board of Directors
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Ahmad Sharaf (Chairman, DME)
Ahmad Sharaf is the Chairman of Dubai Mercantile Exchange (DME), a
position he assumed in 2005.
In addition to his role as Chairman of DME, Mr. Sharaf is Chief Strategy
Officer of Dubai Holding. In this position, Mr. Sharaf maintains overall
responsibility for the formulation and execution of the Group's value
creating strategic initiatives across all business units.
Prior to his appointment at Dubai Holding, Mr. Sharaf held
leadership positions in Tatweer which he joined in 2005. Mr. Sharaf was the
Chief Executive Officer of Tatweer Investments where he was responsible for
leading the company's long-term growth strategy in the domestic and
international arena. During his time in Tatweer, Mr. Sharaf held executive
responsibilities for the energy, healthcare and real estate portfolios
within the company.
Prior to joining Tatweer, Mr. Sharaf held senior management
positions with international and state energy companies in the United States
and the Middle East. A petroleum engineer by training, Mr. Sharaf began his
career with Conoco Inc. in Houston, Texas. Following the creation of
ConocoPhillips in 2002, he was appointed General Manager and Director,
Business Development, Middle East responsible for managing new growth
opportunities in the Middle East and North Africa region
Mr. Sharaf is a Member of the Board of the Emirates National Oil
Company (ENOC), a Member of the ENOC Audit Committee, and Vice Chairman of
Dragon Oil. Mr. Sharaf serves as a Member of the Board of Visitors and a
Group Member of the Global Partnerships Committee of the Fuqua School of
Business, Duke University.
Mr. Sharaf earned a B.Sc and M.Sc in Petroleum Engineering from the
Colorado School of Mines and an MBA from Duke University's Fuqua School of
Business.
Abdullah Al-Harthy
After graduation from University, Mr. Al-Harthy joined SGRF as a Financial Analyst, and became Senior Asset Allocator in 2003. From 2005, he was assigned to several projects to set up strategic investments entities including Oman Investment Fund (OIF), Vietnam-Oman Investment Company (VOI), and Libya Oman Investment Company.
Alongside his positions in SGRF, Mr. Al-Harthy is a Member of the Board of Directors of several companies including Vietnam-Oman Investment Company (VOI), National Aluminum Product Company (NAPCO) and Libya-Oman Investment Company. Mr. Al-Harthy chairs the Investment Committee of VOI and is a member of NAPCO′s Executive and Audit Committees.
Mr. Al-Harthy was awarded the CFA charter in 2004 and is a member of the CFA Institute. He has a Bachelors degree in Finance from Sultan Qaboos University, Oman.
Mr. Al-Harthy is an independent director at the DME.
Anthony Loh
After graduation, Mr. Loh worked as a Senior Portfolio Officer at Export Credit Insurance Company of Singapore.
His previous appointments include Senior VP of Fixed Income Sales and Trading at Lehman Brothers, Managing Director of Fixed Income, Sales, Trading and Corporate Finance at Peregrine Fixed Income, Head of Asia Pacific for Boston Bank and Head of Capital Markets in Asia for the Commonwealth Bank of Australia.
Mr. Loh holds a Business Administration degree in Finance and Economics from Washington State University, Pullman.
Avinash Pangarkar
Prior to joining Dubai Holding, Mr. Pangarkar held financial leadership positions at Citibank (2004-2006) and Microsoft (1998-2004). At Citibank, Mr. Pangarkar was responsible for Compliance and Control, Global Consumer Banking, Middle East, Africa and Turkey. In this position Mr. Pangarkar successfully established, in conjunction with the business, group wide regulatory compliance procedures, anti money laundering policies, and control risk mechanisms across the bank's multiple locations.
During his career with Microsoft MEA, which covered a geographical portfolio of over 23 countries, Mr. Pangarkar, as the Regional Head of Finance, built a finance organization designed to help the country offices take advantage of commercial and strategic growth in accordance with best in class financial guidelines.
Mr. Pangarkar is a qualified chartered accountant and has worked in the Middle East and Africa region for 19 years in several industry sectors including Real Estate, Technology, Financial Services and Consumer Retail.
Dr. Fereidun Fesharaki
Dr. Fesharaki was born in Iran and educated in the UK with a PhD in Energy Economics at the University of Surrey in 1974. His academic credentials include Visiting Fellow: Center for Middle Eastern Studies, Harvard University; Senior Researcher: Institute for International Political and Energy Studies in Iran; Senior Fellow and Head of Energy Program at the East-West Center in Hawaii (since 1984). He is also an Affiliate Professor of Economics at the University of Hawaii.
Dr. Fesharaki is the past President of the International Association for Energy Economics (IAEE), a professional association of 4,000 energy specialists in 70 countries. He is also:
- Life Member: Council on Foreign Relations: New York (since 1989)
- Member of the International Advisory Board of Nippon Oil: Japan's largest oil company (since 1991)
- Appointed by the US Secretary of Energy as member of the National Petroleum Council, Washington DC (since 2008)
- Senior Associate, Center for Strategic and International Studies (CSIS): Washington DC (since 2004)
- Senior Fellow, the US Association for Energy Economics (for distinguished services to the field of energy economics) (since 1995)
- Member of the Board of Directors, American Iranian Council (AIC) (since 1997)
- Member of the editorial boards of several energy publications.
Dr. Fesharaki is author or Editor of more than 20 books/monograph in energy economics.
Dr. Fesharaki is an independent director at the DME.
Hesham Al Qassim
In addition to being the Director of the DREC Board, Mr. Al Qassim serves as a board member of Dubai′s ambitious financial institutions, AMLAK, Dubai Mercantile Exchange and Shuaa Capital. He was also a member of the Financial Markets Tribunal (FMT) of the Dubai Financial Services Authority (DFSA).
Mr. Al Qassim′s passion for real estate was seeded during his banking stint. As the General Manager of Commercial Banking at National Bank of Dubai, he closed several significant real estate deals and represented the bank in various international forums and committees pertaining to real estate. Steering the growth of NBD′s commercial banking franchises, his position reflected his broad experience in all aspects of financial services.
An intuitive leader, Mr. Al Qassim brings an exceptional grasp of relationship management and financial planning, one of the many attributes that led him to be selected for the Mohammed Bin Rashid Programme for Leadership Development.
Mr. Al Qassim holds a Masters Degree in International Business. He is also a member of the ‘Young Arab Leaders’.
Mr. Al Qassim is an independent director at the DME.
H.E. Nasser Bin Khamis Al-Jashmi
An economist by training, he originally joined the Ministry of Finance in 1989 as a Financial Researcher in the Office of the Deputy Prime Minister for Financial and Economic Affairs, later progressing to the position of Director General of Budget and Contracts in 1997, where he remained for 6 years before his move to the Ministry of Oil & Gas in February 2003.
His Excellency Al-Jashmi chairs the Board of Directors for Oman LNG, Oman Refinery Company and Oxy Mukhaizna. He is also a member of the Board of Directors for Qalhat LNG, Oman Gas Company, Petroleum Development Oman, Oman Shipping Company, Oman Petrochemical Industries Co. and Gulf Energy Maritime.
He holds a Masters Degree in Applied Economics, a Diploma in Development Management from the American University in Washington DC, and a BSc in Economics and Political Science from Jordan University.
H.E. Saud Nassir Al Shukaily
His Excellency Al-Shukaily is Chairman of the Board of Directors for Oman Power and Water Procurement Company and is Deputy Chairman of the Board of Directors for Oman Airports Management Company and Oman Refinery Company.
He has a Masters degree in Development Management from The American University, Washington DC, and a Bachelors degree in Business Administration from the University of South Carolina.
His Excellency Al-Shukaily is an independent director at the DME.
John F. (Jack) Sandner
During the last two decades, under his leadership, the CME embarked on many groundbreaking initiatives creating innovative Global products, seamless Technology for global distribution and execution and a new business paradigm for the 21st century. The CME became the global financial services innovator and industry pacesetter for the 1980's & 1990's establishing an unparallel track record of bringing products and services to market.
Most recently, he was a member of the team that took the CME public on December 6, 2002, the first exchange in the United States to be publicly traded. Mr. Sandner was instrumental to the CBOT and NYMEX acquisitions.
Juma Bin Abdullah Al-Hinai
Mr. Al-Hinai is also a Government-designated member on the Board of Directors of several companies, including the Oman Refineries and Petrochemicals Company, Occidental Oman and Shell Deep Water BV Oman. He is Chairman of the Major Tender Board (Petroleum Development Oman), a member of the Finance Committee of PDO, Deputy Chairman of the Board of Muscat National Holding Co. and a Board member of Oman International Bank (OIB), the second largest bank in Oman.
Mr. Al-Hinai has a MBA from the University of Hull and a Higher Diploma in Accounting and Banking Management.
Dr. Roy Leighton
Dr. Leighton was Chairman of UK Financial Services Authority Recognised Investment Exchange at NYMEX Europe from July 2005 to May 2007. Prior to that he was the UK Chairman of Calyon SA (formerly Credit Lyonnais) and has held positions with Ernst & Young, Antony Gibbs & Sons Limited and Mercantile House Holdings plc.
Dr. Leighton is an independent director at DME.
William P. Miller II
Mr. Miller is currently Senior Managing Director and Chief
Financial Officer with Financial Markets International. Previously,
Mr. Miller has served as: the Deputy Chief Investment Officer for the Ohio
Public Employee Retirement System; Senior Risk Manager for the Abu Dhabi
Investment Authority; Risk Advisor to the Rockefeller Foundation and Africa
Global; Independent Risk Oversight Officer, Chief Compliance Officer and
Head of Internal Audit for Commonfund; and Director, Trading Operations and
Asset Mix Management for General Motors as well as holding several other
positions at GM in Investments, Treasury and Manufacturing.
Mr. Miller currently serves as a member of the board of directors
of the Chicago Mercantile Exchange (CME) and American Axle and Manufacturing
(AAM). At the CME, Mr. Miller serves on the Finance Committee and Audit
Committee and chairs the Market Regulation Oversight Committee. At
AAM, Mr. Miller serves on the Technology Committee and chairs the Audit
Committee.
Mr. Miller graduated with a Bachelors of Mechanical Engineering
from Kettering University and a Masters in Business Administration from the
University of Pennsylvania Wharton Graduate Division. Mr. Miller is a
CFA charter-holder.
Senior Management
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Thomas Leaver (Chief Executive Officer)
A leading energy industry executive, Mr. Leaver brings to the DME more than 30 years of experience in global refining, marketing, crude oil and petroleum product trading, marine transportation and logistics.
Mr. Leaver began his career with Edgington Oil Company in Long Beach, California, learning the refining business, where he held several positions up to manager of crude oil and product sales and supply, domestic and international. From there, he moved into pure trading, first with Apex Oil Company, St. Louis, and then, in London, with the Finnish national oil company Neste Oy. As Director and then Managing Director, he co-led the establishment and international expansion of one of the most successful energy trading firms in crude oil and petroleum products, in both physical and derivatives markets.
Following 10 years with Neste, Mr. Leaver, as a Director and Vice President, established the OTC derivative business in Europe and Asia for Nations Banc-CRT (now Bank of America). Subsequently, Mr. Leaver was appointed President of TransCanada International Petroleum Ltd, establishing the global trading arm of TransCanada Pipelines Ltd.
More recently, Mr. Leaver has acted as an external consultant for McKinsey & Company, advising national and international oil companies in the Middle East, Europe and North America.
Prior to joining the DME as Chief Operating Officer in 2006, Mr. Leaver was a Senior Fund Manager of RAB Capital's commodities energy fund in London.
Mr. Leaver is a graduate of the University of California, Berkeley with a BSc. (Hons) in Business Administration.
Greg Collins
Greg has over a decade of broad-based exposure to the financial services industry having practiced in funds management, private banking, investment banking, sales and trading. He has global compliance experience across key international financial centers including Australia, the United States, the United Kingdom and Japan.
Before joining the DME Greg spent seven years at Merrill Lynch, where he worked in a number of senior compliance roles including Head of US Surveillance and Director, Corporate Compliance both based at the bank's New York headquarters. He also served as Head of Compliance for Merrill Lynch Investment Managers in Australia. Earlier in his career, Greg worked with Deutsche Asset Management, ING Mercantile Mutual and PricewaterhouseCoopers. Greg holds degrees in Law and Arts from the University of Queensland and is admitted to practice as a Barrister of the Supreme Court of Queensland in Australia.
Matthew Thompson
Matthew has over ten years broad experience in the energy and energy-trading industries, with his core expertise across the mid and downstream petroleum sectors, including supply and trading, refining, freight and logistics, and marketing.
Prior to joining the DME, Matthew worked in the petroleum practice of McKinsey & Company for seven years, most recently as an Engagement Manager. In this role, Matthew led projects around the world for a variety of clients including oil majors, National Oil Companies (NOCs), private equity players and independents. Projects he led included supply and trading optimization for a European NOC, China entry strategy for an international major, corporate portfolio management for an Asian NOC, and downstream expansion opportunity development for a Middle Eastern NOC.
Earlier in his career, Matthew worked for Elf Oil UK as a pricing co-ordinator, focused on optimizing the trading, refining, commercial and retail pricing of Elf's UK activities, and for PEL (Petroleum Economics Limited) as a market analyst. Matthew holds a BA (Hons) in Economics from the University of Sussex.












