Ahmed Bin Sulayem
Dubai Multi Commodities Centre
Ahmed Bin Sulayem is the Executive Chairman of the Dubai Multi Commodities Centre (DMCC), a Government of Dubai Free Zone Authority dedicated to enhancing commodity trade flow through Dubai. He has been instrumental in establishing and driving DMCC towards the realisation of its strategic vision and has spearheaded the success of the Centre both regionally as well as internationally.
Under his leadership, DMCC has attracted significant physical trade to the Emirate, helping to establish Dubai as a key trade hub and a vital link between the East and the West.
Mr. Bin Sulayem’s vision has been instrumental in driving DMCC’s initiatives in a wide range of commodity sectors. This includes the establishment of the Dubai Diamond Exchange, the only diamond exchange in the Arab World affiliated to the World Federation of Diamond Bourses; Dubai Tea Trading Centre, which offers a range of value-adding facilities to the global tea trade; Dubai Cotton Centre which aims to establish the Emirate as an important destination on global cotton trade routes, and the introduction of a property division, whose flagship property development, Jumeirah Lakes Towers, represents the newest commodity hub and DMCC’s headquarters.
He has also played a leading role in reviving Dubai’s traditional pearling industry by launching the Dubai Pearl Exchange in 2007, and in initiating thought leadership in this area with the introduction of the World Pearl Forum in 2009. The region’s precious gems trade has also been given a significant boost through the setting up of International Diamond Laboratories, a state-of-the-art diamond certification laboratory, headquartered in Dubai.
Mr. Bin Sulayem’s leadership in the creation of Dubai Commodity Asset Management (DCAM), a commodity focused financial services provider in 2008 has further cemented DMCC’s and Dubai’s position as a unique commodity market place. DCAM has launched Dubai Gold Securities, the region’s first Exchange Traded Commodity (ETC) listed on NASDAQ Dubai, in addition to providing Shariah-compliant commodity investment vehicles under Dubai Shariah Asset Management. Mr. Bin Sulayem was awarded the “Middle East Investor Award” by the Hedge Funds World Middle East Conference 2010 for the world’s first long and short strategy hedge funds, which are attracting attention globally.
Mr. Bin Sulayem is the Chairman of the Dubai Gold and Commodities Exchange, a DMCC joint venture initiative to set up the first electronic derivatives and commodities exchange in the region. DGCX has consolidated its position as the Region’s largest derivatives Exchange, attracting an international membership base with its robust portfolio of futures contracts covering the precious metals, currencies and energy sectors.
Mr. Bin Sulayem joined DMCC as Chief Operating Officer at inception, assuming responsibility for the organisation’s operations. Prior to joining DMCC, he was a Director at ASTECO, the largest realty company in Dubai.
Malcolm Wall Morris
Chief Executive Officer (CEO)
Dubai Multi Commodities Centre Authority (DMCC)
Malcolm Wall Morris, a commodity and derivatives expert with over 16 years experience in the physical commodity and exchange sectors, brings with him a wealth of strategic development skills and market knowledge.
Before joining DMCC in November, 2009, Malcolm spent two years as CEO of the Dubai Gold and Commodities Exchange (DGCX) and successfully consolidated DGCX as the region’s leading derivatives exchange for commodities and currencies business.
In 2008, Malcolm played the lead role in launching crude oil futures contracts on DGCX, which became the most successful product launch in the exchange’s history and today remain an important part of the exchange’s product portfolio.
Previously, Malcolm has been involved in the physical coffee trade, based in Paris and London, as well as helping pioneer the world’s first on-line b2b marketplace for the global coffee trade. More recently, he headed Business Development, Commodity Products, at Liffe, the derivatives business of NYSE Euronext, where he played a significant role in expanding Liffe’s commodity business.