THE REGULATORY AUTHORITY BOARD

The Board of Directors of the QFC Regulatory Authority was appointed by the Council of Ministers on 8 March 2012 and reappointed for a further three year term with effect from 8 March 2015.

  
Biography
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H.E. Sheikh Abdulla Bin Saoud Al-Thani
Chairman of the Qatar Financial Centre Regulatory Authority 

His Excellency Sheikh Abdulla Bin Saoud Al-Thani was appointed Governor of Qatar Central Bank in May 2006, having started his career in the Bank in 1981. He was Deputy Governor from 1990 to 2001 and subsequently left to serve as Chairman of the State Audit Bureau from 2001 to 2006, before assuming his current position.
His Excellency was appointed as Chairman of the Board of Directors of the QFC Regulatory Authority in March 2012 and subsequently as Chairman of Qatar Financial Markets Authority later in 2012. His Excellency is also Chairman of Qatar’s Financial Stability & Risk Control Committee.
He was appointed as the Chairman of the Islamic Financial Services Board (2013) as well as Chairman of the International Islamic Liquidity Management Corporation until December 2013 and is currently a member of both institutions.
He also serves as the Chairman of the Board of Directors of Qatar Development Bank and is a member of the Board of Directors of the Supreme Council for Economic Affairs & Investment.
He served as the Chairman of the Board of Directors of the Gulf Monetary Council for 2014. He is Board member at Qatar Investment Authority and the Chairman of the Governors of GCC Monetary Agencies and Central Banks Committee.
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Mr Michael Ryan
Board Member
 
Mr Ryan is the Chief Executive Officer of the Regulatory Authority.  Mr Ryan joined the Regulatory Authority in 2009 from Bank of America Merrill Lynch where he served in a number of senior management positions in London and Dublin, including as Chief Executive Officer of Merrill Lynch International Bank Limited and Country Executive for Bank of America Merrill Lynch in Ireland.  Prior to joining Merrill Lynch, Mr Ryan was Vice President at Credit Suisse Financial Products and an associate with Cadwalader, Wickersham & Taft specialising in banking, securities and corporate law.  Mr Ryan is a member of Qatar’s Financial Stability and Risk Control Committee, a member of the Qatar National Anti-Money Laundering and Terrorism Financing Committee and a member of the Board of Directors of the Qatar Financial Markets Authority.
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​​Mr Nasser Al-Shaibi
Board Member
 
Mr Nasser Al-Shaibi was appointed a Board member of the Regulatory Authority in March 2012.  Mr Al-Shaibi is presently the Chief Executive Officer (CEO) of Qatar Financial Markets Authority (QFMA), prior to which he served in a number of roles within Qatar Gas and the Doha Securities Market (Qatar Exchange) from 1993 to 2005.  He was the team leader behind the establishment of the QFMA in 2006, and was actively involved in developing the QFMA in the State of Qatar.  He has held many leadership positions in the financial sector such as Vice-Chairman of the Qatar Finance and Business Academy (QFBA).
 
At the international level and during his current position, the QFMA gained full membership of the International Organization of Securities Commissions (IOSCO) and became a member of the three specialised committees under the umbrella of IOSCO.  He signed a partnership agreement with the Association of National Numbering Agencies (ANNA), as well as joined the membership of the Islamic Financial Services Board (IFSB).  At the regional level, he was the President of the Union of Arab Securities Authorities for the year 2012-2013.
 
Mr Al-Shaibi has been a member of numerous national steering committees such as the Financial Stability and Risk Control Committee (FSC), the Qatar National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) and the Financial Markets Development Committee (FMDC).  He was also a member of the Founding Committee of the Establishment of Aspire Sports Academy.
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Dr Jeffrey Carmichael
Board Member
 
Dr Carmichael was appointed as a member of the QFC Regulatory Authority Board in March 2012 and is a member of the Regulatory Authority’s Nominations and Remuneration Committee.  He is the Chief Executive Officer of Promontory Financial Group Australasia (PFGA).  Prior to joining PFGA, Dr Carmichael worked as a company director and consultant to the World Bank, the Asian Development Bank and a number of governments on issues relating to regulatory structure, design and effectiveness, debt management and training. Until June 2003, Dr Carmichael was the inaugural Chairman of the Australian Prudential Regulation Authority (APRA), with responsibility for regulating and supervising banks, insurance companies, and pension funds. Dr Carmichael's career includes senior positions in a 20-year career with the Reserve Bank of Australia, seven years as Professor of Finance at Bond University, and appointment to a number of Government and private sector Boards and inquiries, including the Wallis Inquiry into the Australian financial system.  Dr. Carmichael was awarded an Officer of the Order of Australia (AO) for service to finance, education and the community. He holds a PhD and M.A. from Princeton University, and a B.Comm (Hons) and M.Comm (Hons) from the University of New South Wales.          
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Mr Jean-François Lepetit
Board Member
 
Mr Lepetit has been a member of the QFC Regulatory Authority Board since March 2006.  He is Chairman of the Regulatory Authority’s Nominations and Remuneration Committee and a member of the Audit and Risk Committee.  Mr Lepetit was formerly Chief Executive Officer of Bank Indosuez and subsequently Chairman of BNP Paribas Group’s Market Risk Committee. He has served as Chairman of the Conseil du Marché à Terme; Chairman of the Conseil des Marchés Financiers; President of the Commission des Opérations de Bourse; Chairman of the French Conseil National de la Comptabilité (and in this capacity he was also a member of the Collège d’Autorité des Marchés Financiers, Paris); a member of the Comité de la Réglementation Bancaire et Financière; and a member of Comité des Etablissements de Crédit et des Enterprises d’Investissement. Mr Lepetit is currently a non-executive director of BNP Paribas.
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Mr Robert O'Sullivan
Board Member
 
Mr O’Sullivan has been a member of the QFC Regulatory Authority Board since March 2006 and is Chairman of the Regulatory Authority’s Audit and Risk Committee.  Mr O’Sullivan was a Senior Vice President at the Federal Reserve Bank of New York where he spent nearly 38 years.  He had supervisory responsibility for financial examinations covering foreign banking organisations with operations in New York, and for overseeing various technical assistance programmes to benefit foreign-based bank supervisory authorities.
 
Mr O'Sullivan sadly passed away in December 2016 and is greatly missed by his colleagues at the Regulatory Authority.