Al Fardan Exchange Announces Senior Leadership Changes

Press release
Published November 4th, 2020 - 10:45 GMT
Al Fardan Exchange Announces Senior Leadership Changes
Hasan Fardan Al Fardan, CEO, Al Fardan Exchange
Highlights
Al Fardan Exchange announced that its Board of Directors has appointed Hasan Fardan Al Fardan as its CEO with immediate effect, succeeding Osama Al Rahma who will be taking up a position as an advisor.

Al Fardan Exchange, the leading exchange brand in the UAE, today announced that its Board of Directors has appointed Hasan Fardan Al Fardan as its CEO with immediate effect, succeeding Osama Al Rahma who will be taking up a position as an advisor.

These leadership appointments are part of the company’s strategic realignment toward its future business plans. The company is already well underway to bolster its offerings and provide a seamless omnichannel customer experience.

“This is the right time to pass the baton to the next generation of leadership, given the continued success of our business and to enable it to be more responsive to the ever-changing dynamics of our industry,” said Fardan Hassan Al Fardan, the Chairman of Al Fardan Group. “We are honoured to have had Osama Al Rahma as our CEO for nearly 3 decades, and the organisation has grown from a few branches to being one of the top financial services companies in the UAE with a 65+ branch network under his leadership. He has laid the foundation for continued success and Hasan is the right leader to take us forward. His deep expertise in business, information technology and corporate best practices is just what we need to capitalise on the many opportunities the future holds.”

Hasan has been with Al Fardan Exchange since 2017 and was involved in multiple roles across various departments in the company, including heading up the governance restructuring team. He comes with many years of experience working across a number of business segments with a focus on finance and investments.

Prior to joining Al Fardan Exchange, he held multiple roles with the Abu Dhabi Investment Authority (ADIA) and took the lead on numerous investments across different geographic jurisdictions. He holds a bachelor’s degree in Finance from Richmond and a master’s in real estate finance and investment from the University of Reading, Henley Business School, both in the UK.

“I am excited about what lies ahead for Al Fardan Exchange and our new leadership team. As we celebrate our golden jubilee next year we aspire to grow regionally and globally to provide customer centric solutions based on a robust bedrock of an ethnically diverse workforce, financial discipline and an advanced compliance framework. The current pandemic has accentuated the need to have multiple touchpoints to serve our customers. We have embarked on a digital transformation of the business which will encompass segments like cross border payments, forex solutions and value-added services” said Hasan Al Fardan.

Background Information

Al Fardan Exchange

“Al Fardan Exchange L.L.C. is a member of the Al Fardan Group, which has roots stretching back to 1954. Emerging from a seafaring and pearl trading tradition to a commercial trade, the Al Fardan name is built on a solid bedrock of security and reliability. Leveraging on the Group’s diversified business interests and successful operations in real estate, high-end jewellery, financial services and trading, Al Fardan Exchange L.L.C. holds global reach with trust and credibility as its main ethics.

Established in 1971, we at Al Fardan Exchange L.L.C. have had the unique opportunity of playing a part in supporting communities who’ve helped building the nation; we’ve helped them bring life to their own dreams – both here and in their home countries.

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