Financial Center News #6

What have been the key #milestones, #announcements and #achievements of July?

We are pleased to share with you a new compilation of the accomplishments of the Astana International Financial Centre in July 2023.

🔹Astana Financial Services Authority (AFSA) has developed a Recovery and Resolution Framework for financial institutions in the AIFC

🔸The total traded value on Astana International Exchange - AIX amounted to KZT 10.8 bn ($24.4 mln), which represents an 82% increase compared to the same period in 2022 for the first six months of 2023.

🔗For more detailed information about our work, please visit our official website via the following link: https://lnkd.in/ew4Ghrdv

The new president of Busan Finance Center takes office as of August 7th to serve as the 2nd president after the Center announced the appointment

Mr. Rhee Myongho was appointed as the second president of Busan Finance Center during its general meeting of member institutions last June, and officially inaugurates on August 7th.

New President, Mr. Rhee Myongho, a graduate of Seoul National University with a B.A. in Civil Law and Columbia Law School, entered the civil service through the passing of the 33rd Higher Public Service Examination. He has held key positions such as Director of Asset Management Division and Capital Markets Division, and Director-General for Financial & Corporate Restructuring Policy at the Financial Services Commission.

With his seasoned knowledge in the financial market and expertise in international cooperation, acquired during his tenure as a Minister Counselor at the Embassy of the Republic of Korea in the United Kingdom, he received recognition for strengthening financial cooperation with Southeast Asian countries while serving as the Minister and Consul General at the Korean Embassy in Indonesia.

More recently, while serving as the President of Korea Securities Depository, he achieved significant milestones, including the reform of FundNet*, attracting global financial institutions such as Citibank, and successfully hosting the 24th Asia-Pacific Central Securities Depository Group General Meeting (ACG24) in the metropolitan city of Busan.

The newly inaugurating president is expected to demonstrate a profound commitment to addressing issues on the regional financial industry, and strengthening competitiveness and driving innovation of the Busan Financial Hub based on his extensive experience and expertise in the financial industry and international cooperation. Through effective communication with both local and central government, as well as member institutions, the new president, Mr. Rhee Myongho will stand ready to foster robust support and cooperation from all relevant entities, pioneering the path for a promising era.

CMA Continues Its Tamkeen Initiative’s Training Programs

As the Capital Market Authority (CMA) continues to provide training programs to qualify national cadres in the insurance sector, it concluded the “Governance and Management of Insurance Companies” program on Thursday; which was organized in cooperation with FIFE. The program targeted senior management employees in all departments of insurance companies.

It introduced participants with the concept of governance and related terminologies and gave an overview on the most important regulations related to governance and management of global and national insurance companies. The program was launched at the beginning of the week as one of the approved programs for the year 2023 in Salalah Gardens Hotel in Dhofar Governorate. This comes as part of the Tamkeen Initiative; which represents the CMA’s endeavors to empowering and qualifying national cadres in the insurance sector through adopting a qualitative Omanization Policy to enhance the presence of national cadres in operational, middle and senior management positions.

Ahead of #COP28 and as a supporter of the Green Investment Principles (GIP) for the Belt & Road, we were glad to co-host a webinar in partnership with Bank Of Africa and Ninety One, co-chairs of the GIP’s Africa chapter.

The webinar started with welcome notes and introductions from Lamia MERZOUKI, Brahim Benjelloun-Touimi Hendrik du Toit and Dr. Ma Jun, Co-Chair, GIP Steering Committed around the GIP Journey & Africa ambitions/actions, followed by a Firechat with Amol Prabhu and Rongrong Huo and the GIP project update by Jonathan Cross.

We ended up by a panel moderated by Mourad FATHALLAH and featuring experts such as Valerie-noelle Kodjo diop, Moubarak Moukaila, Cheng Lin, Director at the International Collaboration Research Center & GIP Secretariat, Beijing Office and Amal Benaïssa, PhD who emphasized on “Transition Finance: understanding needs and challenges from local FIs and Investors”

#Sustainability #SustainableFinance #TransitionFinance

Join us at the Future Sustainability Forum on 4 - 5 October 2023 at The Ritz-Carlton, #DIFC, where global leaders and innovators share their vision and action towards increasing the availability and accessibility of climate finance to accelerate #ClimateAction and achieve the long-term goals of the Paris Agreement.

Discover innovative strategies, engage with experts, and be part of the global transition to a sustainable world. Secure your spot today!

Book here: https://hubs.li/Q01YzQMw0

#FutureSustainabilityForum #FSF

Episode 55 of the #FinTalks podcast is now live! 🎙️

In this episode, we have a chat with Mr. Karl Cilia, Chief Executive Officer of the Water Services Corporation - Malta. The Water Services Corporation (WSC) on the 29th of July 2023 announced the launch of Malta’s first-ever Green Bonds. The €25 million issuance will have a maturity term of 10 years and an interest rate of 4.25%.

Stream the #podcast now 👉https://shorturl.at/wCFIO

For more information on the launch of the WSC's Green Bonds 👉www.wsc.com.mt/green-bonds

#GreenBonds #CapitalMarkets #SustainableInvestments

The world’s wealthiest people are increasingly engaged in impact investing, using the resources they have generated in business to tackle the world’s biggest challenges. And as they generate positive social outcomes, they are not giving up on strong investment returns.

Impact investing by UHNWIs is a highly active space, with a wide range of different strategies to find alpha, various frameworks to specify the investment philosophy, and multiple methodologies to measure the social impact.

With thanks to:

- Eric Ng, CEO, Happiness Capital | Certified B Corp

- Ir. Andrew Young, Associate Director (Innovation), Sino Group

- Michael E. Long, Head of Sustainability, New World Development Company Limited

- Poman Lo, Founding Managing Partner, AlphaTrio Capital

Read more: https://lnkd.in/gBWqpFHR

Keiichi Aritomo, executive director of FinCity.Tokyo (東京国際金融機構), appeared in @Tokyo Financial Street, where he talked about recent trends of Tokyo as an international financial center!

https://lnkd.in/gSpmKgDw

"#Frankfurt is the center of global sustainability standards," says Finance Minister Michael Boddenberg. 🌍🌱

From Frankfurt financial center, global standards for corporate sustainability reporting have been developed for about a year by the International Sustainability Standards Board (ISSB). Boddenberg was on site last week with Veronika Pountcheva (ISSB member), Regina Karoline Schueller (Director of the Frankfurt office) and the team to share the latest developments.

The office in the financial center on the Main is a key location of the #ISSB as the headquarters of the Board and with the office of its Chair. It also acts as a hub for #Europe, the Middle East and Africa and performs key functions for the ISSB as a whole.

Learn more now 👉 https://lnkd.in/e_aptJq4

Hessisches Ministerium der Finanzen (FinanzenHessen)

On Friday, we hosted our Rising Stars Awards, to celebrate the young talent within our industry. It was a spectacular, well attended event where we came together to congratulate our winners and shortlisted nominees.

We are thrilled to announce our 2023 Rising Stars:

Accountancy: Alex Bryant, Project Accountants Ltd

Banking: Lauren Davey, Barclays Channel Islands & Isle of Man, Jersey Branch

Compliance: Emily Purdom, CPA, EY

CSR and Employee Morale: Courtney Dawson Simpson, BDO (Sator & Greenlight)

Digital: Alex Barnes, HSBC Bank PLC (Jersey Branch)

Diversity and Inclusion: Rabia Farooque, PwC Channel Islands

Funds: Natalia Jurajda, Langham Hall Fund Management (Jersey) Limited

Human Resources: Kim Hamon, KPMG in the Crown Dependencies

Investment Management: Connor Spence, Rathbones Group Plc

Law: Ellen Jarvis, Walkers

Marketing: Jake Mullins, PwC Channel Islands

Operations and Secretarial: Jonathan Noiraut, Langham Hall Financial Services (Jersey) Limited

Trust and Corporate Services: Rachel Patterson, Aztec Group Financial Services (Jersey) Limited

Read more about the event on our website: https://jsy.fi/43LQIM4

#RisingStars2023 #JerseyFinance #RisingStars #Winners

Our Chief Strategy Officer Hortense Mudenge delivered remarks at the Angaza Forum this morning and challenged the audience to reflect on:

📌What more must be done to achieve sustained economic growth?

📌How do we make finance more inclusive?

#AngazaForum2023

The number of EU-domiciled ESG UCITS funds grew to 10,154 in the second half of last year, with assets amounting to €5.1trn - 57% of the overall UCITS fund market, according to PwC Luxembourg.

📈 AuM growth stemmed primarily from funds being reclassified as Article 8 or 9 under SFDR, while new launches accounted for 4.5% of asset growth.

PwC predicts that ESG funds will reach €7.9trn in assets under management by 2025, making up 60% of the UCITS market.

➡️ https://bit.ly/3QeGOPO

#ESG #UCITS #SFDR

The Paris Infraweek is a unique European network event for the infrastructure ecosystem: over 2,000 participants, more than 50 dedicated round tables and workshops, with over 250 high-level speakers from all over the world.

The 2023 edition will address the growing role of infrastructures as drivers of the decarbonization and digitization of our economies, against a backdrop of profound paradigm shifts, accelerated by macroeconomic imbalances, massive financing needs, and more.

Sharing our top #financial headlines from #July! Swipe left to stay informed on #Qatar's financial climate.

What piece of news interested you the most?

#Doha #Qatar

With our fintogether - The SMART Finance Accelerator program we encourage innovation and provide systematic support to startups developing disruptive applications for the financial industry.

Happy to announce that our initiative Stuttgart Financial has secured further funding for fintogether from Baden-Württemberg’s Ministerium für Wirtschaft, Arbeit und Tourismus Baden-Württemberg (Ministry of Economic Affairs).

Our Venture Day during the Stuttgart Finance Summit on September 14th will give startups the next opportunity to showcase their business models to potential partners and investors.

We are delighted to announce the appointment of Farmida Bi CBE of Norton Rose Fulbright as the new Chair of the International Regulatory Strategy Group (IRSG) Council. She brings deep knowledge of the industry and strong international experience to the role.

Read more here: https://lnkd.in/eUjjmbRz