Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

First Financial Services Association to be Established in the UAE

Posted by fidest press agency su martedì, 24 aprile 2012

Dubai, (PRNewswire) A group of leading financial institutions in the United Arab Emirates have established the Financial Services Association (UAE), the first of its kind; a non-profit policy development and trade association for the financial services sector in the UAE. Such associations are integral to the development of a successful financial services sector in line with Global standards. The Financial Services Association (UAE) has been initially registered in the Dubai International Financial Centre (DIFC) and is currently under-going registration in Abu Dhabi. Plans are also underway to register the Association onshore in Dubai in order to create a UAE chapter.
H.E. Mr. Abdullah Al-Turifi, CEO of the Securities and Commodities Authority (SCA) has said: “By virtue of the role vested in the Authority to supervise and develop financial markets in the country, SCA welcomes the establishment of the Financial Services Association (UAE) and supports the latter’s determined efforts in boosting the performance and uplifting the markets. We see the activity of this association as a significant initiative which will further enrich the country’s financial sector. It also clearly reflects the great development achieved by UAE financial institutions at the local and international levels. We look forward to working together with the association and with all our strategic partners in the financial sector to further develop the UAE financial market for more successes and progress.”The Governor of the DIFC, H.E. Mr. Abdullah Saleh, commented: “We welcome and support such initiatives which provide UAE’s regulated financial services firms a platform to share their concerns, develop a progressive collaboration with the public sector, which optimistically will impact the industry over the long term”The Association’s board consists of several local and international financial companies from Dubai and Abu Dhabi, including: the National Bank of Abu Dhabi, Invest AD, The National Investor, UBS AG, Fidelity Worldwide Investment, Franklin Templeton Investments, ING Investment Management, Allfunds Bank, Skandia International, in addition to Deloitte, and Clifford Chance. Capital Advantage acts as the Company Secretary. The membership pool of the Association consists of a diverse group across the various divisions of financial services in the UAE.

Una Risposta a “First Financial Services Association to be Established in the UAE”

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