Financial Center News #162

I'm back from a busy week in Vietnam. It's inspiring to see how dedicated all stakeholders are in building new financial centers in emerging markets like Vietnam. I've been supporting both Ho Chi Minh City and Da Nang with their Advisory Councils as part of a clear path toward future World Alliance membership.

I also want to congratulate the organizers of the newly established Vietnam Financial Forum on an excellent first conference. Rumor has it the second edition will take place in Ho Chi Minh City next year — mark your calendars.

The biggest news out of Frankfurt: Hubertus Väth will step down as Managing Director in January, after everything he's done for the Frankfurt Financial Center since Frankfurt Main Finance's founding in 2008, and for our World Alliance of International Financial Centers, where he continues to serve as Vice Chair.

Starting 01 February 2027, Sarah Schmidtke will take over. She currently serves as Managing Director of Bankenverband Mitte, representing the interests of private banks across the German states of Hesse, Rhineland-Palatinate, and Saarland. I wish her all the best in her new role promoting the Frankfurt Financial Center globally, and we look forward to welcoming her to the World Alliance.

🌏 At the Vietnam Financial Forum (VFF) 2026, our Managing Director, Jochen Biedermann, joined fellow leaders from international financial centers for a high-level discussion on “The Role of International Financial Centers in Shaping Future Technologies.”

The panel explored how international financial centers can accelerate innovation, foster emerging technologies, and strengthen global collaboration in an increasingly interconnected financial ecosystem.

Among the distinguished participants were Euna Kim, Team leader at Busan Finance Center, and Alena Dolgova, representing the Tashkent International Financial Centre (TIFC), alongside other leading experts from the global IFC community.

👏 We are proud to contribute to these international conversations that help shape the future of finance through collaboration, innovation, and knowledge sharing.

As ADGM continues to strengthen its position as a leading international financial center, the Financial Services Regulatory Authority (FSRA) has continued to evolve alongside it, enhancing its regulatory framework, strengthening oversight, advancing policy initiatives and investing in the capabilities needed to regulate an increasingly complex financial ecosystem.

Reflecting on the FSRA's 2025 delivery and outcomes, H.E. Ahmed Jasim Al Zaabi emphasizes that lasting financial growth is built on confidence. Confidence in institutions. Confidence in governance. And confidence that innovation can thrive within a framework that is resilient, transparent and trusted.

This year's progress demonstrates how effective regulation is an enabler of sustainable growth. By strengthening market integrity, embracing innovation responsibly and remaining responsive to an evolving global financial ecosystem, the FSRA continues to reinforce the foundations that support Abu Dhabi's long-term ambitions and its growing influence.

Read the full report here: https://lnkd.in/e76RGJX9

Kazakhstan has taken another step in advancing its regulated digital assets market.

President Kassym-Jomart Tokayev has signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan". The document was developed jointly by The National Bank of Kazakhstan, the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan , the Astana International Financial Centre, and other government authorities.

The Decree marks the next phase in the development of Kazakhstan's regulated digital assets market. It aims to create a favorable legal and economic environment for the industry, strengthen the sector's investment appeal, and enhance market security.

Among the key initiatives is the planned recognition of digital assets and tokenized securities issued within the AIFC across the Republic of Kazakhstan, creating equal conditions for issuers in terms of the circulation and use of these instruments.

The Decree also envisages the use of stablecoins issued by AIFC-licensed issuers for cross-border settlements by non-residents of Kazakhstan in export and import transactions.

In addition, the measures are intended to encourage the transfer of digital assets from foreign services to regulated Kazakhstani platforms, helping improve market transparency, strengthen client protection through regulated infrastructure and reinforce confidence in the sector.

The AIFC will continue working closely with the relevant government authorities to implement the Decree and support the sustainable development of Kazakhstan's digital assets industry.

The Bahamas Financial Services Board is delighted to be hosting its annual Financial Services Day on Saturday, July 18, 2026!

Join us at the Mall at Marathon for an engaging day packed with opportunities to win back-to-school vouchers and learn about the products and services on offer from our financial services booths.

This year we are also excited to announce our Industry Clinic, running from 12:00 PM - 3:00 PM, where you can receive complimentary:

▪️ Legal consultations - book your appointment here: https://lnkd.in/eKy5Y47n

▪️ Financial Planning Guidance: - secure your slot here: https://lnkd.in/eRHqnsXs (Please bring your documents for preliminary conversations with industry professionals.)

This is a fantastic opportunity for our community to connect directly with financial services professionals and gain valuable insights.

For more information, visit: https://lnkd.in/et4wg97v

On July 9, Casablanca Finance City hosted the second Paris edition of its gathering with Morocco's 40 under 40, bringing together entrepreneurs, executives, investors, and members of the Moroccan diaspora around one shared conviction: Morocco's global talent is a strategic asset for the Kingdom's future.

Held under the theme "Talent, Network, and Leadership – Global Moroccans at the Heart of the Kingdom’s Influence," the evening explored how Moroccan leaders across the world are helping shape the country's economic influence through entrepreneurship, innovation, mentorship, and international networks.

Moderated by Badr Boussabat, the panel brought together inspiring voices whose experiences illustrated the many ways the diaspora contributes to Morocco's development. Discussions highlighted Africa's growing innovation ecosystem, the role of digital platforms in transforming economies, and the increasing contribution of culture and influence to Morocco's international positioning.

Despite their international journeys, all speakers shared a common message: remaining connected to Morocco is not only an emotional choice, but a strategic commitment to creating opportunities, transferring expertise, and contributing to the Kingdom's long-term development.

Casablanca Finance City extends its sincere thanks to Morocco's 40 under 40 Badr Boussabat, Laila Mamou, Younes Benlamlih, Anass EL ADLY, Majdouline El IDRISSI (MJ), Rajâa M., and all participants for making this second Paris gathering a success.

We look forward to continuing these conversations and strengthening our engagement with Moroccan talent across the world.

Shaping the next chapter of family wealth. The inaugural DIFC Family Wealth Center Next Gen Leadership Program brought together the next generation to foster knowledge, encourage meaningful dialogue and prepare future leaders for an evolving global landscape.

Good decisions start with the right insights.

The State of Enterprise (SOE) Report delivers data-driven analysis of Nigeria's Financial and Professional Services sector, helping business leaders, policymakers, regulators, and investors better understand the broader economic landscape.

📥 Download the full report:

https://lnkd.in/dwrSaiyH

Missed it, or just want to relive it? Here's the Sunset Soirée in motion. 🎥

From golden-hour views over the Grand Harbour to the conversations that filled Villa Bighi, our annual members' evening brought the community together for a night to remember.

Press play and take it all in: the connections, the atmosphere, and the moments that make FinanceMalta more than a network.

Thank you to everyone who made it unforgettable. 🌅

‏‏The #FSA‬ cordially invites you to take part in the Accounting and Auditing Profession Forum in the Sultanate of Oman, held under the theme ‘Professional Standards for Enhancing Credibility’, on 26–27 July 2026 at Al Irfan Hall, Financial Services Authority.

‏We look forward to your participation and kindly invite you to register by scanning the QR code included in the invitation.

𝗙𝗦𝗗𝗖 𝗥𝗲𝗹𝗲𝗮𝘀𝗲𝘀 𝟮𝟬𝟮𝟱-𝟮𝟲 𝗔𝗻𝗻𝘂𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗣𝗼𝗹𝗶𝗰𝘆 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝘂𝘁𝗿𝗲𝗮𝗰𝗵

At the report launch, Chairman Mr Benjamin Hung, Vice Chairman Mr Daniel Fung, Board Member Ms Amy Lo, JP, and Executive Director Dr Rocky Tung highlighted initiatives strengthening Hong Kong’s position as a leading international financial centre through policy research, market promotion and talent development.

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

📘 𝗣𝗼𝗹𝗶𝗰𝘆 𝗜𝗺𝗽𝗮𝗰𝘁: Achieved a 𝟳𝟯% policy recommendation adoption rate, with 𝟮𝟬𝟭 recommendations followed up, across 6 thought leadership reports — including a concept paper outlining a strategic blueprint for Hong Kong’s capital market development.

🌍 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Global Marketing Campaign generated 𝟰𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘃𝗶𝗲𝘄𝘀 across key financial markets in the US, Europe, and the Middle East; participated in 𝟭𝟵𝟬+ events and overseas stakeholder meetings; advanced international partnerships with MoUs signed with TheCityUK and Indonesia Financial Group.

🤝 𝗛𝘂𝗺𝗮𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹: Launched the inaugural Hong Kong-ASEAN Collaborative Market Capacity Building Programme to foster knowledge exchange; expanded annual talent initiative connecting young talent with industry leaders.

Mr Hung emphasised that Hong Kong stands out globally for stability, growth, and policy predictability, offering a unique platform for capital markets, wealth management, digital assets, and RMB internationalisation. The FSDC will continue to focus on policy recommendations to sharpen Hong Kong’s competitiveness as a leading #IFC.

Read the Full Report: https://lnkd.in/gkRyk4fr

Key Highlights: https://lnkd.in/gyN8RVhV

Press Release: https://lnkd.in/gQfaB2_K

📢 Frankfurt Main Finance Comes of Age and Sets the Course for the Future

On July 14, 2008, Frankfurt Main Finance was officially launched in the city’s Magistratssaal by Mayor Petra Roth, Minister President Roland Koch, and Lutz Raettig, its first president. On the association’s 18th anniversary, we are pleased to announce that Sarah Schmidtke will assume the position of Managing Director of Frankfurt Main Finance effective February 1, 2027.

Oliver Behrens, President of Frankfurt Main Finance, says: “Sarah Schmidtke’s appointment will strengthen Frankfurt Main Finance’s role as the central coordinating body for the financial center. With the new financial center strategy, the Charter of Cooperation, and improved financial resources, the course has now been set. We are very pleased to have secured Sarah Schmidtke, a proven expert with an international profile, for this strategic role.”

With her many years of experience, she will play a key role in shaping the further development of Frankfurt as a financial center and driving the implementation of the new financial center strategy.

Kaweh Mansoori, Deputy Minister-President of Hesse and a member of the Executive Board of Frankfurt Main Finance, adds: “The state government has big plans for the further development and strengthening of the financial center. Frankfurt Main Finance will serve as a strategic partner to the state government and will cooperate closely with the Financial Center Cabinet. I am very much looking forward to working with Sarah Schmidtke. The political and business communities want to join forces with her to implement the new financial center strategy.”

👉 To the press release: https://frankfurt-main-finance.com/en/sarah-schmidtke-to-become-ceo-of-frankfurt-main-finance/

🙌 Big news - Paymentology just joined Warsaw Finance Week 2026 as an official partner!

Their experience in the finance space is exactly the kind of insight we want attendees to walk away with. We're already working on some exciting plans together, and we can't wait to share more soon. 👀

More partner announcements coming your way - the Warsaw Finance Week 2026 lineup is shaping up nicely! ✨

💼 Interested in partnering with Warsaw Finance Week?

Reach out: info@futurefinancepoland.com

👉 Planning to attend?

Secure your spot on the waiting list: https://wfw.futurefinancepoland.com/

Pawel Widawski Piotr Brewiński Katarzyna Multan Anna Bogucka FinTech Poland Paweł Bułgaryn

Happy July 15 Democracy and National Unity Day!

Chris’s journey is a great example of how the right support and opportunities can help individuals take the next step in their careers. 🚀

Through our Reconnect event, Chris has gone on to secure an accounting role with the Government of Jersey, opening the door to a career in finance.

Reconnect supports talented individuals looking to return to work, explore new opportunities and build rewarding careers within Jersey’s finance industry.

Follow Chris’s journey and discover how Reconnect helps connect people with new possibilities. https://jsy.fi/4aKc5nm

The Investment Breakfast hosted by KIFC yesterday in Kampala, ahead of the 4th Alternative Investments Conference 2026, brought together institutional investors, fund managers, development finance institutions, family offices, policymakers, and professional service providers.

The event highlighted Rwanda's value proposition as a preferred jurisdiction for fund domiciliation and alternative investment structures, while offering insights into the country's regulatory framework, institutional investment landscape, and emerging investment opportunities.

Join sustainable finance leaders, experts and practitioners for the Luxembourg Sustainable Finance Initiative LSFI Summit 2026 on 16–17 September in Luxembourg to explore the latest developments shaping the future of sustainable finance.

This year's program will feature keynote sessions and masterclasses covering:

🌍 The evolving EU sustainable finance regulatory landscape

🌊 Blue Economy

🤖 AI for sustainable finance

🌱 Climate adaptation and resilience

Don't miss this opportunity to connect with the sustainable finance community and gain valuable insights into the trends driving the transition to a more sustainable economy.

👉 Register now: https://lnkd.in/gMWPTa9d

Learn more: https://lnkd.in/gwPHwRMV

The last time President William Samoei Ruto, PhD spoke about the NIFC Africa (Nairobi International Finance Centre) at the Nairobi Securities Exchange PLC, the conversation raised tough questions about whether Kenya's ambition of becoming a global financial hub was truly on course.

A lot has changed since then.

A new CEO. A renewed strategy. New global partnerships. Dozens of firms joining the NIFC. Billions of shillings in projected investments. And an ambitious vision to position Nairobi as Africa's gateway for global capital.

But beyond the headlines, can Kenya really compete with financial centres like Mauritius, Casablanca and even Dubai?

On the next episode of The Trading Bell, I sit down with Daniel Mainda, CEO of the NIFC Africa, for a candid conversation on Kenya's investment story.

We'll be asking:

• Has the investment pledged actually translated into capital on the ground?

• Why do some global investors still hesitate to choose Kenya?

• What reforms are still needed to make Nairobi Africa's premier financial hub?

• And what should Kenyans use to measure the NIFC's success over the next five years?

Tomorrow night.

With hearts steadfast in faith in God’s decree and destiny, Qatar Financial Centre (QFC) mourns the passing of His Highness the Father Amir Sheikh Hamad bin Khalifa Al Thani.

We pray that Allah Almighty grants him His infinite mercy, admits him into His spacious Paradise, rewards him abundantly for his enduring contributions to Qatar, the Arab and Islamic nations, and grants patience and solace to his family, loved ones, and the people of Qatar.

The European Finance Forum cordially invites you to the next EFF meeting in Stuttgart.

🗓️ July 22, 2026, 6:30 p.m.

📍 Stuttgart Stock Exchange

⚽ Cash Cow or Money Pit?

Major soccer events thrill millions of fans, but what is the economic reality for stadium operators?

Together with Dr. Jan Räker, Director of Operations & Infrastructure at VfB Stuttgart, we will discuss the opportunities and challenges that international sporting events present for stadiums and their operators.

You can register at the following link: https://lnkd.in/dQhviQf8

#StuttgartFinancial #EFFMeeting #EuropeanFinanceForum Boerse Stuttgart Group

As our CEO, Miles Celic OBE has said today, the enhanced UK-Switzerland Free Trade Agreement is a gold-standard FTA for services. It sets a new benchmark for what can be achieved between two ambitious services economies and underlines the UK’s strength as one of the world’s largest exporters of services.

This FTA complements and builds on the Berne Financial Services Agreement and will support investment, boost the UK’s international competitiveness and strengthen confidence in the UK-Switzerland economic partnership for decades to come.

It also delivers practical improvements for businesses, including enhanced business mobility, greater certainty for services firms and modern digital trade provisions – areas consistently highlighted as priorities by our members throughout the negotiations.

As two leading centers for financial and related professional services, the UK and Switzerland already share deep economic ties. This agreement provides a stronger platform for growth, investment and cross-border business, while creating new opportunities for firms operating in both markets.

Thank you to members for their engagement and expertise – in particular Joe Cassidy, Chair of our Swiss Market Advisory Group, who has played a central role in shaping the industry's position and contributing to this successful outcome. Thank you also to the UK and Swiss governments for their collaboration in securing this ambitious outcome.

📖 Read more from Ceri Martin on what this landmark agreement means for services trade, investment and UK competitiveness - https://lnkd.in/e-eFDTS7