Financial Center News #12

FinanceMalta Summit | Our member FinanceMalta organized a session on the Future of Financial Centers.

In an insightful session, Vanessa Macdonald sat down with our Managing Director Jochen Biedermann to delve deep into Malta's role and potential in the evolving landscape of International Financial Centers.

#FinancialCentres #Malta #Finance #GlobalEconomy

#ADGM Chairman H.E. Ahmed Jasim Al Zaabi, commented on these milestones underscoring our commitment and efforts to make the financial sector a strong contributor to #AbuDhabi’s GDP and knowledge-based economy as we work towards realising Abu Dhabi’s economic vision.

Learn more here: https://lnkd.in/dHcTeT6d

#FinancialSector #AbuDhabiGDP #KnowledgeEconomy #AbuDhabiEconomicVision

German-Kazakh Business Forum

German investors and German companies are valued very high in Kazakhstan. It is evidenced by the fact that since 2020 there is a special working group on strengthening investment co-operation with German investors, which is led by the First Deputy Prime Minister of the Republic of Kazakhstan Roman #Sklyar.

The main task of the working group is to develop investment proposals for interested potential German investors, proposals for the development of the list of investment projects of Kazakhstan-German cooperation in the field of investments and to resolve operational and problematic issues of projects from the list of investment projects.

The business forum offers German delegation members to meet Mr. Sklyar personally and with him other strategic partners in the field of economic cooperation such as KAZAKH INVEST, Baiterek National Managing Holding Investment Committee of the MFA of Kazakhstan.

Islamic Finance Forum discusses the reality of Islamic financial services 10 years after their launch

Ahmed Ali Al Mamari, Executive Vice President of the Capital Market Authority, confirmed that the Sharia-compliant capital market has been able to achieve rapid growth since its inception in 2013, acquiring a 12% share of the total value of the capital market in the Sultanate of Oman, with a volume of RO 2.9 billion (US$7.54 billion) until the end of 2022. He added in the opening speech that such volume is distributed among the Islamic equity market, Sukuk, and Sharia-compliant investment funds.

This came in the opening speech delivered by Al Mamari at the Oman Forum and Dialogue organized by Redmoney Group in cooperation with the Capital Market Authority (IFN Oman Forum & Dialogue 2023) in Muscat, which discusses the reality of sharia complaint financial services products, which include the banking sector, the capital market, and Takaful market.

Al Maamari pointed out to the reality of Takaful products, which witnessed continuous growth since licensing the first Takaful company in the Sultanate of Oman 10 years ago. Takaful was able, by the end of 2022, to acquire a 14% stake, with the value of premiums reaching RO 72.26 million (US$198 million).

Al Maamari emphasized that the Capital Market Authority supports all investment initiatives that provide sufficient attractiveness to the local and foreign capital in order to achieve its vision based on the financial services market in the Sultanate of Oman being an effective tool for wealth creation and providing financial stability and a safe environment, and is fully aware that diversifying options, financing alternatives and types Insurance products contribute to meeting the national priorities of the Oman Vision 2040 related to financial sustainability and economic diversification.

The CFC community is getting involved

In these difficult times, we are joining forces to help our fellow citizens who have been affected by the devastating earthquake that struck the Kingdom of Morocco.

Between September 12 and 14, we will be collecting clothes, shoes, blankets, sleeping bags and tents for the disaster victims at the CFC Bridge building esplanade.

Don't hesitate to spread the word.

#PrayForMorocco #CFCcommunity

The DIFC Innovation Hub hosted Mrs. Josephine Teo, Minister for Communications and Information, Minister-in-charge of Smart Nation and Cybersecurity, and Second Minister for Home Affairs of Singapore, on a tour of the #DIFCInnovationHub where she met Arif Amiri, Chief Executive Officer of #DIFC Authority. During the visit, they discussed the various projects and initiatives that DIFC is involved in diverse future-oriented sectors.

A Mauritian delegation, consisting of representatives from the Economic Development Board (EDB), the Financial Services Commission, Mauritius Finance, and private sector operators, is actively participating in Finovate Fall 2023, the world's premier fintech showcase in New York from September 11th to 13th, 2023.

During this event, Mr. Vinay Guddye, Director for Financial Services at EDB, is scheduled to deliver a special address. Leading the Mauritian delegation is Honourable Mahen Kumar Seeruttun, Minister of Financial Services and Good Governance.

The primary goal of this mission in the United States is to establish strategic partnerships with prominent businesses and key stakeholders, particularly in Washington and New York, renowned as influential hubs in global finance. Among the stakeholders engaged by the Mauritian delegation are the Securities Exchange Commission, the Corporate Council on Africa, the US Treasury, the US Department of State, and the US Chamber of Commerce – Africa Business Chamber.

The key objectives of these meetings encompass:

1. Affirming Mauritius' robust reputation as a credible International Financial Centre, both regionally and globally.

2. Soliciting technical assistance from the US Treasury and the Securities Exchange Commission in various areas, such as capacity building, training, and development, to ensure compliance with international requirements and standards, including the FATF. Additionally, exploring avenues for introducing new service offerings within the Mauritius International Financial Centre (IFC).

3. Cultivating a collaborative relationship with the Corporate Council on Africa and the US-Africa Business Chamber to encourage US companies to direct their African investments through Mauritius.

Welcome to the FinanceMalta 16th Annual Conference - "Leading Change Through Innovation". FinanceMalta hosted more than 400 delegates at the Hilton Conference Centre.

#FM16AC #FinancialServices

Conference summary

FinCity.Tokyo (東京国際金融機構) will host "Tokyo Sustainable Finence Forum 2023" in Tokyo on 6th of October!

In this event, FinCity.Tokyo (東京国際金融機構) gathers leading voices from the globe to promote sustainable finance and showcase its latest trends. For this year, the event will be held in hybrid.

Among the speakers are:

-Nathan Fabian, CSSO of Principles for Responsible Investment,

-Mark Carney, Chair of Brookfield Asset Management,

-David Atkin, CEO of Principles for Responsible Investment

From FinCity.Tokyo (東京国際金融機構), Mr. Laurent Depus will present an opening remark!

*This event will be held as a side event of PRI in Person and Japan Week

For application, please visit=>https://lnkd.in/g96ae7rz

Working together to strengthen Germany as a financial center 🚀🇩🇪

... that's what we set out to do together with Börsen-Zeitung, FrankfurtRheinMain GmbH International Marketing of the Region and Deloitte and launched the Financial Center Germany Initiative. Yesterday, the kick-off event took place in the TechQuartier in front of around 70 interested parties.

What have we set out to do?

We want to strengthen and further develop Germany as a financial center internationally in line with its economic importance in Europe. To this end, there will be a variety of journalistic formats and numerous events up to spring 2025 to initiate exchange around the necessary #transformation of the financial center.

In the impulses and discussions at last night's panel, it became clear: It is urgently necessary to bundle interests across national borders and to make clear, unified demands before politicians. A first step in this direction was taken with this kick-off event.

A summary and impressions of the event can be found here: https://lnkd.in/e6qVVV4y

Mirjam Pütz Katharina Klinge Detlef Fechtner Lutz Diederichs Hubertus Väth Hans-Juergen Walter Eric Menges WM Gruppe

Since this is a topic that concerns us all, we are particularly interested in the opinion of our community: What do you think needs to happen to strengthen Germany as a business location?

The Financial Services Development Council successfully hosted a delegation visit to Beijing from 5 to 8 September. The delegation, led by Chairman Laurence Li, Vice Chairwoman Ding Chen, and Executive Director Dr King Au, included sectoral representatives from Hong Kong's financial services industry.

During the trip, #FSDC and the China Academy of Information and Communications Technology (#CAICT) paved the way for an intellectual partnership by entering into a #MOU, which marks a significant milestone in fortifying bilateral cooperation between the two organisations.

The delegation also met with regulators and association leaders representing banking, insurance, asset management, and other sectors to exchange views on various aspects such as product offerings, talent pool, and potential cooperation, aiming to strengthen the connectivity between Hong Kong and the Mainland.

#partnership #banking #insurance #assetmanagement #talent #connectivity #financialservices #fsdchk #fsdchongkong

Financial Services and the Treasury Bureau (FSTB)

Today we hosted an exclusive event in Mombasa entitled ‘Responsible Leadership for East Africa’s NextGen: Family Business Roundtable’ in partnership with CMS Daly Inamdar Advocates.

Led by Faizal Bhana, our Director of the Middle East, Africa and India, and Abdulhafeez Noorani and Collette Akwana, CIPP/E, Partners at CMS Kenya | Daly Inamdar Advocates, the event explored the role of the next generation, or NextGen, in East Africa’s family business landscape.

We would like to thank our panel of expert speakers, who shared their perspectives on the importance of breaking cultural barriers between generations and the role of governance in family businesses:

Mohammed Shakeel Salyani Ph.D, Head of Islamic Banking Division, Craft Silicon

Frank Mwiti, Eastern Africa Markets Leader, EY

Abdul Bagha, Partner, Innovus Group

Rahab Nderu, Executive Director, Lotus Hotel Group

#EastAfrica #NextGen #FamilyBusinesses #Mombasa

Earlier today, our CEO Nick Barigye received H.E. Ambassador Einat Weiss, Ambassador of the State of Israel to Rwanda, for an introduction to KIFC and synergy opportunities with a focus on FinTech.

Two weeks left until our “Focus on Talent” livestream where Christine Wolff, Head of Talent & Development at Deutsche Bank will discuss the value that apprenticeships bring to firms looking to grow their talent pool.

Register here: bit.ly/3DY3RXX

#LFFTalent #talent #livestream #finance #financialservices #qualifications #workinginfinance

Only 10 days left to apply for the #InfraNextGen trophies!

The 2023 Jury is composed of Darko Adamovic - isabelle chastagner - Xavier Ploquin - Grégoire Chauvière Le Drian - Marion Calcine - Laurent Chabot - Sebastien Gary

The presentation of the Trophy to the winners of the Paris Financial Center's young infrastructure talents, will take place during #ParisInfraWeek, on Monday October 9 at Bercy.

Apply here 👉 https://lnkd.in/eheusEHr

Infravenir Direction générale du Trésor (French Treasury) Nadine Huynh Karim ZINE-EDDINE Robin Louvet Gabrielle Reddé Kawtar Ziyat Sandra Hahn Duraffourg

We’re delighted to have taken part in the China-Qatar Economic and Trade Cooperation Forum. During the event, Abby C., our Vice President of Business Development, provided an insightful introduction to #QFC. 🇨🇳

We warmly welcome the inclusion of more Chinese companies from the #Guangdong Province in our network. 🤝 Chinese firms can explore the advantages of utilizing #Qatar as a gateway to the broader #MENA region.

Investors, too, can explore investment opportunities through the QFC platform, utilizing our corporate solutions, including Holding Companies, Special Purpose Companies, and Single Family Offices.

#InvestQatar #QatarChina #China #Investment

The first ever Finance Summit is taking place today!

By Boerse Stuttgart Group

We are delighted to finally welcome our distinguished guests to Stuttgart and introduce our audience to the purpose of our exclusive gathering of thought leaders connecting finance, real economy, and politics.

Our economy is facing major challenges. We are no longer leaders in many of the industries of the future, while our key industries are under pressure. The financial industry must optimally support technological leadership, growth and the digital and sustainable transformation of the economy. At the same time, policymakers must ensure a competitive environment. At the Finance Summit, we are discussing how we can achieve this together, as our CEO Dr. Matthias Voelkel stated in his opening speech today.

Our first agenda item was followed by the opening of our multiple stages with our first three keynotes and panels. The discussions focused on AI, inflation and natural disasters and their impact on the insurance industry, as well as the tension between mass adaptation, regulation, crypto and digital assets. We also explored the intersection of finance and the real economy, and the decoupling and assimilation of the two economic sectors.

Boerse Stuttgart Digital | Stuttgart Financial | fintogether - The SMART Finance Accelerator

Great roundtable with H.E. Trần Sỹ Thanh, Chairman of Hanoi People’s Committee, Long Nguyen Hoang, PhD, Ambassador of Vietnam to the UK and Ireland, and a high-level delegation from Vietnam, to discuss the crucial role of the UK-based financial and related professional services in driving investment, boosting trade and fostering collaboration between the two countries. Many thanks to Michelmores for hosting.