The Institute of Management Accountants (IMA), the global association of accountants and financial professionals in business, today announced Mubadala Development Company (Mubadala) as the winner of the IMA Finance Team of the Year Award 2014.

The award, which was open to finance teams from across the Middle East region working in a range of industries, was presented at a ceremony during the IMA-Marcus Evans 6th Annual CFO Forum, which took place at the Address Hotel, Dubai Marina.

The Mubadala team was chosen as the winner by a panel of industry experts including senior leaders from IMA, based on their business partnering success, use of management accounting best practices, work environment, ethics and innovation.

James Amos, Associate Director Finance, at Mubadala, said: “It is a tremendous honour to collect this award on behalf of the Mubadala Finance Team, which has successfully transitioned from a traditional support function at the end of the value chain to become a true business partner, capable of driving corporate performance and delivering real value. This award underscores our belief that the ultimate role of management accounting is to challenge orthodoxy and originate fresh thinking, and I congratulate each member of the Mubadala Finance Team on this achievement.” 

Hanadi Khalife, IMA Middle East Director, said: “We are delighted to announce Mubadala as Middle East Finance Team of the Year. The IMA Finance Team of the Year Award has been created to recognise the increasingly essential role played by CFOs and their teams, and to showcase the very best in the business. The IMA’s mission is to promote industry wide best practice in the field of management accounting,and today we recognise Mubadala as a standard bearer for the profession.”

IMA Finance Team of the Year Awards were launched as part of the IMA–Marcus Evans 6th Annual CFO Forum, which is an event dedicated to exploring the changing role of the CFO in the Middle East, featuring high profile speakers from across the region and the rest of the world.

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