Mr. Wai Lum Kwok, CFA

wai lum kwok open banking forum

Mr. Wai Lum Kwok, CFA

Senior Executive Director, Authorization & Fintech
Abu Dhabi Global Market


Senior ExAs the Head of Authorisation function within the Financial Services Regulatory Authority of the Abu Dhabi Global Market, Wai Lum oversees the licensing of financial services firms and products in the banking, insurance, payments and capital markets sector.

Wai Lum formulated the first bespoke Venture Capital Framework for investment managers in the UAE. He also instituted the Private Financing Platform regime to improve access to alternative financing for startups and SMEs.

With digital transformation at the forefront of global regulators’ agenda, Wai Lum spearheads ADGM’s regulatory strategy in financial technology and innovation. The Regulatory Sandbox programme, and subsequent digitalization of the platform, won ADGM accolade as the most innovative and progressive regulator in the Middle East. He was also involved in developing ADGM’s digital asset regulatory framework.

Being the architect and planner of Fintech Abu Dhabi Festival in the MENA region over consecutive years, he shaped the financial technology landscape within the United Arab Emirates. Working closely in collaboration with banks, financial institutions, regulators and other key stakeholders, Wai Lum drove ADGM’s innovation masterplan to support the adoption of smart and sustainable technology.

Prior to joining ADGM, Wai Lum was the Director of Capital Markets Intermediaries at the Monetary Authority of Singapore.

Wai Lum graduated from Imperial College, London with Master in Electrical Engineering and concurrently holds a Master of Science in Applied Finance from the National University of Singapore. He is a Chartered Financial Analyst holder.