News Column

GPSSA sets up risk management unit

May 15, 2014

Abu Dhabi, 15th May, 2014 (WAM) -- Board of General Pensions and Social Security Authority (GPSSA) today approved during its second meeting of the year the creation of a risk management unit with its organisational structure.

Chaired by Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of GPSSA, the meeting reviewed a number of memos and took appropriate actions on them.

The meeting also approved an internal charter for the board's work and for the executive and auditing and risks committees.

Up to April 2014, the GPSSA has 86,000 subscribers from the public and private sectors compared to 79,000 for the same period last year.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Emirates News Agency (WAM) (United Arab Emirates)