ABU DHABI // For information technology expert Irene Corpuz, diligent day-to-day work protecting her colleagues and employer has led to a truly international calling.
The 48-year-old Filipina, a planning and IT security head at the Western Region Municipality, relishes the tough and constantly changing challenges of keeping the organisation from cyber attacks.
“As technology evolves, so have the security threats,” she says. “Cyber security is a continuous cat-and-mouse game, so there is this constant need to stay ahead of the attackers.”
The only way to be on top, she says, is to create awareness, implement policies and standards, and manage the risk of security exposure or compromise.
“As a woman, I feel empowered and accomplished,” she says.
Her journey to work usually takes about two-and-a-half hours and then she spends the next 8 hours at work until her trip back from Madinat Zayed to Abu Dhabi city, which takes about three hours.
“Many wonder how I can afford such a long travel time,” Mrs Corpuz says.
“I’d say I use the long commute to my advantage. I use the time to read, do research and prepare conference presentations.”
A big part of her job is reading, conducting research and attending conferences in the UAE and overseas.
Known as one of the emerging speakers on information and cyber security conferences, Mrs Corpuz has spoken at events in Asia, the Middle East and Europe.
“It all started with a conference in Singapore in 2014, and everything else followed,” she says.
“I have spoken in Oman, London, Copenhagen, Manila, Dubai and Abu Dhabi.”
In 2016, she started receiving invitations to participate as a speaker and panellist promoting gender equality and women in IT and cyber security. However, she had to turn down invitations in Kenya, Egypt and Sri Lanka due to schedule conflicts.
At the Cyber Resilience and InfoSec conference in Abu Dhabi last month, she joined other female IT and security experts in a "women empowerment" panel. Discussions centred on the evolving role of women and the need to narrow the gender gap in the industry.
Mrs Corpuz has won a string of accolades during her career, most notably the Award for Innovation in Cyber Security at an IT conference in London two years ago.
“I wish to inspire other women as most believe that IT is a man’s world,” she says.
“We have broken the glass firewall so we should move forward to accomplish our goals and our dreams.”
Her other awards are Female Executive of the Year at the Women in Business Awards in New York, Stevie Awards IT Executive of the Year in Canada, and Information Security Executive Award at the Middle East Security Awards in Dubai.
Mrs Corpuz was among last year's 100 Most Influential Filipinas in the World. She and three UAE residents earned a top spot on the prestigious list compiled by the Filipina Women's Network in the United States, a non-profit professional association for women of Philippine ancestry.
When not at work or attending conferences, Mrs Corpuz spends most of her time with her husband Robert and their sons, Josh, 23 and Job, 19 and seven-year-old daughter Jewel.
“I do not take much of our family time,” she says. “That’s why I appreciate the long commute to work where I do all my work activities. When I get home, my family takes priority.”
Josh works at an animation company in Dubai, while her husband and two other children have since moved back to Manila.
The mother-of-three believes today’s parents and children tend to spend more time glue to their gadgets and social media, ruining face-to-face interactions.
“Parents must ensure there is constant communication as young ones are vulnerable to cyber bullying,” she says.
“To keep them safe online, parents can restrict the use of a laptop, or enable an parental guidance feature to restrict access to certain websites.”
rruiz@thenational.ae
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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