DFSA Welcomes F. Christopher Calabia as New Chief Executive

The Dubai Financial Services Authority (DFSA), which oversees financial firms operating from the Dubai International Financial Centre (DIFC), recently announced that it has appointed F. Christopher Calabia as New Chief Executive. Calabia will replace Bryan Stirewalt with effect from 1 October 2021.

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“During his tenure, Bryan has played an instrumental role in maintaining the DFSA’s reputation as a leading global regulator and has been a valued and respected leader at the DFSA,”Fadel Al Ali, Chairman of the DFSA commented.”On behalf of the Board, I wish to convey our greatest appreciation to Bryan for his many achievements and contributions.”

Calabia is a visionary leader for strategic change with almost three decades of experience in the financial industry. Before joining the DFSA, he has been served as a Senior Advisor of Supervisory and Regulatory Policy for over the past four years at Bill and Melinda Gates Foundation.

Prior to that, Calabia was esponsible for improving supervisory effectiveness at the Federal Reserve Bank of New York, where he held a variety of specialised policy and supervision roles.

“Chris’s experience, driving innovation in complex environments while maintaining the stability and integrity of financial systems, will further strengthen the DIFC’s standing as a global financial hub. The Board of Directors and I look for-ward to working with Chris as he builds on the best practices set in place and enhances regulato-ry capacity at a time of rapid transformation in markets and technology,”Fadel Al Ali said.