Abu Dhabi, 28th December 2011: His Excellency Khalil Foulathi, Chairman of the Central Bank of the United Arab Emirates was bestowed an Honorary Doctorate of Laws (LLD) from The University of Bath in acknowledgement of the stellar public service work done by him throughout his career. Mr. Al Foulathi accepted the honor in a glittering Winter Graduation ceremony held at the University of Bath, which was attended by young graduates, faculty members, leading academicians and fellow Honorary Graduates from various walks of life.
University of Bath has a tradition of awarding degrees to Honorary Graduates every year along with the it’s outgoing academic graduates batch. These Honourary degrees are conferred to individuals who are considered stalwarts in their respective fields, ranging from, but not limited to academics, politics, public service, social service, economics, humanities and the arts.
His Excellency Foultahi reminisced his days at the University of Bath when he was graduating as a student with an Honours degree in Economics and expressed his happiness to have joined the ranks of many prestigious men and women before him who have experienced this honour. He noted that in his career spanning over three decades, he has seen the world economy take its fair share of rough and tumble, and through it all his vision was to serve his country in the best way possible and to elevate UAE’s position as a key player in the global economy.
He stressed that this honor from the University of Bath, couldn’t have been possible without the support he received from His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to achieve the highest academic excellence for himself. His Excellency reiterated that he was confident of the success of UAE economy in passing over all the crises witnessed by the global economy in the past years. In the 8 years that he spent with Sheikh Zayed, the First President and founding father of UAE, he has worked towards shaping the UAE economy and helped secure the country’s position as a key influencer in the global economy.
Professor Christos Ioannidis, Head of Department, professor of Economics and Finance said: “His Excellency Mr. Khalil Al Foulathi is one of the rare personalities who act as a bridge between the Modern and the Arab World. While remaining true to his country’s ideals he has managed to put the UAE as a key player in the global financial markets.”
His Excellency Khalil Foulathi was the Managing Director and founding member of Abu Dhabi Islamic Bank between 1996 and 1998 and the Chairman of the Establishment Committee of Al Hilal Bank in 2007. In his following roles as Executive Director of many departments at the Abu Dhabi Investment Authority, and in his current role as Executive Director of Fixed Income & Treasury Department, he has made a significant difference to the way corporate investments were made in the region – setting investment policies, benchmarks and best practices. With his vision he made the industry more accountable and transparent while ensuring that the investments brought long term returns, sustainable growth and were socially responsible. His positive contribution to the Abu Dhabi Investment Authority led him to his present role as a Board Member at this key financial institution of UAE.