His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai Worldwide Monetary Centre (DIFC), right this moment met with world policymakers and monetary business leaders on the sidelines of the second Dubai FinTech Summit (DFS).
Influential resolution makers that HH Sheikh Maktoum engaged with included Adena T Friedman, Chair and CEO of Nasdaq; Oh Se-Hoon, Mayor of Seoul, South Korea; Nic Dreckman, Group CEO of Julius Baer; and Nik Storonsky, Founder and CEO of Revolut.
The 2-day Dubai FinTech Summit, organised by DIFC, the main world monetary centre within the MEASA area, opened right this moment, bringing collectively over 8,000 decision-makers, over 300 thought leaders and greater than 200 exhibitors to debate the most recent improvements and challenges and showcase cutting-edge applied sciences.
His Highness’s engagements targeted on varied areas together with trade of experience in FinTech innovation, city infrastructure improvement, and new capital market, wealth administration and FinTech alternatives rising on account of Dubai’s new insurance policies and initiatives.
HH Sheikh Maktoum’s assembly with Adena T Friedman, Chair and CEO of Nasdaq, one of many world’s largest inventory exchanges, explored stronger ties between Dubai’s monetary ecosystem and Nasdaq.
His Highness highlighted Dubai’s strategic initiatives to reinforce the whole quantity of its inventory markets to AED3 trillion and deepen its capital market ecosystem, making it a key vacation spot for traders from the world over. Collaboration with world gamers like Nasdaq is important to Dubai’s strategic efforts to advance funding development and foster know-how innovation in monetary providers, he added.
HH Sheikh Maktoum additional stated that Dubai’s long-standing partnership with Nasdaq has supported it in forging new pathways for excellence within the monetary sector, and elevating its standing as a number one worldwide monetary centre.
Friedman counseled Dubai’s progressive strategy and expressed Nasdaq’s curiosity in exploring alternatives for collaboration in areas reminiscent of capital market improvement, and regulatory innovation.
His Highness’s assembly with Oh Se-hoon, Mayor of Seoul, explored avenues of collaboration between Dubai and Seoul, notably within the areas of city infrastructure improvement, know-how, and innovation. Sheikh Maktoum emphasised Dubai’s dedication to fostering partnerships with main world cities like Seoul, with the intention of exchanging experience and greatest practices to drive sustainable development and prosperity. He famous that each cities share many complementarities of their improvement journeys and the expansion of their monetary industries, which might be tapped to advance mutual development.
Mayor Oh Se-hoon expressed his appreciation for Dubai’s management in varied sectors and expressed eager curiosity in sharing experiences within the FinTech sector, to help the sustained improvement of their economies.
HH Sheikh Maktoum additionally met with Nic Dreckmann, Group CEO of Julius Baer, a number one world participant within the non-public banking business, and Nikolay Storonsky, Founder and CEO of Revolut, a world neobank and monetary know-how firm.
His Highness expressed Dubai’s dedication to making a conducive setting for wealth administration, funding and monetary know-how excellence, highlighting town’s strategic initiatives to draw high-net-worth people, household workplaces and progressive FinTech firms. Dreckmann and Storonsky counseled Dubai’s distinctive development over the past decade as a worldwide monetary hub and expressed their firms’ curiosity in increasing their presence within the area, and leveraging Dubai’s superior infrastructure and investor-friendly insurance policies to serve their shoppers successfully.
With a presence in over 60 areas worldwide, together with the Dubai Worldwide Monetary Centre, Julius Baer is without doubt one of the globe’s main suppliers of wealth administration options. With belongings beneath administration price CHF427 billion on the finish of 2023, Julius Baer is the world’s largest pure-play non-public financial institution.
Revolut is a worldwide neobank and monetary know-how firm that provides banking providers for retail prospects and companies. The corporate serves 40 million private prospects and 500,000 enterprise prospects in over 150 nations and areas.
According to the objective of the Dubai Financial Agenda D33 to determine Dubai as one of many world’s high 4 world monetary hubs by 2033, the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, that are pivotal to remodeling the worldwide FinTech sector. The occasion presents a novel alternative to discover rising FinTech traits and their potential to drive monetary progress within the MEASA area.
The conferences had been attended by His Excellency Essa Kazim, Governor of DIFC; Arif Amiri, Chief Government Officer of DIFC Authority; and Mohammad Alblooshi, CEO of DIFC Innovation Hub.
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