Financial Center News #17

Last night, we were privileged to host the #WAIFC Annual General Meeting's opening reception at the Luxembourg House, the Grand Duchy's Consulate in New York, dedicated to its mission to the United Nations.

The historic Luxembourg House 🇱🇺 offered not only a professional atmosphere but also a distinct flavor of home hospitality, providing an ideal setting for our gathering.

A heartfelt thank you to our #WAIFC board member and CEO of Luxembourg for Finance, Nicolas Mackel and HE Paul Steinmetz, Luxembourg Consul General, for facilitating this incredible venue in collaboration with his government. Your unwavering commitment to the cause never ceases to inspire us.

The crowning moment of the evening was, without a doubt, celebrating the 5th successful year of #WAIFC. It was heartwarming to see familiar faces and to welcome new ones to this milestone event.

Our Chairman Keiichi Aritomo and Vice Chair Lamia MERZOUKI delivered a speech on the #WAIFC’s 5th anniversary and emphasized their commitment to ensuring that the #WAIFC continues its efforts.

We would like also to thank Jochen Biedermann and Thomas Krantz for their efforts in setting up and organizing this high-quality agenda for our members.

The World Alliance of International Financial Centers (WAIFC) announced at its AGM in New York the addition of three distinguished members to our Board of Directors:

- Obi Ibekwe, EnterpriseNGR (Lagos, Africa)

- Joe Moynihan, Jersey Finance (Jersey, Europe)

- MyongHo Rhee, Busan Finance Center (Busan, Asia)

Our Vice Chair Lamia MERZOUKI welcomed the new WAIFC board members to sign and officially assume their new roles.

📲 Info: https://lnkd.in/ekShb4zZ

After the introduction of Yuriko Koike, Governor of Tokyo, Chairman of FinCity.Tokyo (東京国際金融機構), #WAIFC member, stated at the #FincityTokyo Global Forum in NYC: « The transition to carbon neutrality has activated the Japanese market ».

📲https://lnkd.in/eqsKXmCb

#WAIFC members have arrived in #Boston

Our members are meeting with our Observer, City of Boston to understand what the city government does in support of the large financial services segment in its jurisdiction, and to think together about how #WAIFC might interact.

Our Chairman Keiichi Aritomo, our Vice Chair Lamia MERZOUKI and our Managing Director Jochen Biedermann ensured availability for any interest from the City of Boston to collaborate with members of the #WAIFC, an international network spanning five continents.

We would like to thank City of Boston for hosting us.

#WAIFC Leaders Converge in New York: Preparing for AGM 2023

Today marks a momentous occasion as the foremost leaders from 29 of the world's most eminent international financial centers gather in New York under the banner of #WAIFC. Our mission? To pave the way for the pivotal AGM 2023.

Our discussions will revolve around cornerstone projects in finance including:

- Women in Finance 🚺

- Championing Sustainable Finance 🌿

- Pioneering Fintech Initiatives 🖥️

- Enhancing SME Financing 📈

- Delving into the Role of International Financial Centers 🌐

- And exploring the intriguing nexus between Art and Finance 🎨

Join us as we embark on shaping the future of finance, ensuring it is innovative, inclusive, and impactful.

📲WAIFC.finance

- Keiichi Aritomo, Chair WAIFC, Executive Director FinCity.Tokyo (東京国際金融機構)

- Lamia MERZOUKI, Vice Chair WAIFC, Deputy General Manager Casablanca Finance City

- Nicolas Mackel, WAIFC board member, CEO Luxembourg for Finance

- Hubertus Väth, Frankfurt Main Finance

- Nicola Watkinson (she/her), TheCityUK

- Joe Moynihan, Jersey Finance

- King Au, Financial Services Development Council

- Nick Barigye, Kigali International Financial Centre

- Alya Al Zarouni, DIFC

- Obi Ibekwe, EnterpriseNGR

- Yousuf Al-Jaida, Qatar Financial Centre (QFC) Authority

- Myongho Rhee, Busan Finance Center

- Philippe Richard. Abu Dhabi Global Market (ADGM)

- Timur Onzhanov, AIFC (Astana International Financial Centre)

- Ivan Grech, FinanceMalta

- Abdullah Alrabiei (BSc, MBA, CMgr MCMI), Capital Market Authority

- Arnaud de Bresson, Paris Europlace

- Ken Poonoosamy, Economic Development Board Mauritius

#WAIFC #AGM2023 #FinanceLeaders #NewYork #GlobalFinance

ADGM, in collaboration with COP28 UAE, International Renewable Energy Agency (IRENA) and UN Climate Change, unveils the key takeaways from the Second Global Dialogue event, with COP28 at the forefront of discussions. The event explores the critical issue of accelerating a just #energy transition in transport systems and covers a wide range of #financial and #technological solutions and challenges.

AIFC, Regional office of Green Investment Principles for the Belt and Road (GIP) in Central Asia and Eurasian Development Bank invites banks and finance professionals to the workshop “ESG risk integration and sustainability disclosure in banks” at 10:00-13:00 on October 24, 2023.

This event offers an ideal platform to exchange regional experiences on ESG and climate risk integration and to share the of approaches to sustainability disclosure in banks, showcasing available carbon accounting methodologies and other options for disclosure.

This workshop will:

• Feature insights from regional banks in the ESG risk incorporation;

• Provide an overview on the carbon accounting and reporting approaches, particularly for emissions financed by banks, under the ISSB standards;

• Focus on the practical steps that finance teams can take in supporting the financed emissions accounting process in a light of the ISSB standards approval.

📌 The workshop is free of charge and will be conducted in English-Russian with simultaneous translation. To join the event, please follow the link: https://lnkd.in/eSS2qG2Y

We're back with our weekly CFC Africa News update.

For more details about CFC Africa Insights, click the link below and share your thoughts in the comments section.

Link: https://lnkd.in/dWb7DNB6

#AfricaNews #CFCInsights #AfricaUpdates

#DIFC hosted an event on “Capitalising on Uncertainty: How family businesses can navigate a volatile market environment”. The event brought together prominent regional and international family enterprises, investment experts, wealth advisors, and industry leaders to deliberate on investment strategies aimed at safeguarding, nurturing, and augmenting the financial assets of family businesses.

Here are some key learnings from the event:

✔️Embrace Change: Successful family businesses understand the importance of adaptability. They actively seek opportunities within uncertainty and are not afraid to pivot their strategies when needed.

✔️Risk Mitigation: Implementing a robust risk management framework is key for family businesses to navigate volatile markets. Identifying potential risks early on and developing contingency plans are crucial for long-term success.

✔️Innovation, diversification and asset allocation: Thriving in uncertain times requires creativity and innovation as well as discipline. Exploring new revenue streams, diversifying investments, and product offerings, and leveraging technology to stay ahead of the curve.

✔️Knowledge, Education, Network and Partnerships: Building strong networks and partnerships can provide family businesses with valuable resources, knowledge, and support. Collaborating with industry peers and experts enhances resilience and fosters growth.

✔️Strategic Planning & Structuring: Developing a well-defined strategic plan is vital for family businesses operating in volatile markets. This includes setting clear goals, appropriate structures, regularly evaluating performance, and adjusting strategies to seize emerging opportunities.

Thank you to our experts Khadija Ali, Jacques John Visser, David Hayers, Robert Willock, Amr Al Sayed, Adil Khan, Ali Taqi, CFA, Ismael Hajjar and Yann Mrazek for sharing their insights and actionable approaches to capitalize on uncertainty within a volatile market environment.

Between the 8th and 9th of November 2023, FinanceMalta will be exhibiting during the European Captive Forum in Luxembourg. Four FinanceMalta members will join the delegation to the #ECF2023: Atlas Insurance, Bee Insurance Management Ltd, Ganado Advocates, and MAMO TCV Advocates.

Visit our booth number 402 and engage in insightful conversations with our #members.

#FinancialServices #Insurance

After the introduction of Yuriko Koike, Governor of Tokyo, Chairman of FinCity.Tokyo (東京国際金融機構), #WAIFC member, stated at the #FincityTokyo Global Forum in NYC: « The transition to carbon neutrality has activated the Japanese market ».

📲https://lnkd.in/eqsKXmCb

The autumn vacations are just around the corner, and #Frankfurt has plenty of exciting activities on offer for young and old.

🍁 No matter if sports, culture, art or adventure, we have collected the most exciting activities for you in one article. 👇

https://frankfurt-main-finance.com/herbstferien-in-frankfurt/

FSDC’s collaboration with HKUST MBA on 13 October was a resounding success! Our esteemed speakers delved into the future of finance and innovation, illuminating various facets. Beyond their invaluable insights, this event also offered a fantastic opportunity to connect industry experts with the students. We extend our gratitude to The Chinese Financial Association of Hong Kong for their venue support.

Our distinguished speakers shared their thoughts on Innovation in Financial Services and its career implications, explored the talent market in Hong Kong and China, and discussed career transitions in Fintech, all while engaging in a dynamic Q&A session. Stay tuned for more insights!

Speakers:

Prof Stephen Shih, Associate Dean, MBA Programs, HKUST

Mr Neil Tan, Chairman, FinTech Association HK, Managing Partner, Tsunami Advisors

Dr King Au, Executive Director at Financial Services Development Council

Mr Rong Fan, Secretary General of the Chinese Financial Association of Hong Kong, Head of Financial Institutions at the Shanghai Pudong Development Bank, Hong Kong Branch

Ms Jennifer Tan, Chief Executive, Alipay Financial Services (HK) Limited, Executive Vice President - Strategy Development and Government Affairs, Greater Bay Area, Ant Group

Moderator:

Mr Benno Jaeggi, Consultant, Banking and Markets and Fintech Practices, Egon Zehnder

#Innovation #Finance #Technology #FSDCCareerFestival #FinanceFuture #fsdc #StudentEmpowerment #FutureLeaders #fsdchk #fsdchongkong

Financial Services and the Treasury Bureau (FSTB)

All attendees are now enjoying a networking reception, ending our 2023 #SustainableFinanceAwards ceremony. Look out for the official photos on our Flickr account in the coming days. Thanks again to our Co-sponsors, BNP Paribas, KPMG in the Crown Dependencies and PwC Channel Islands, and to Durrell Wildlife Conservation Trust for hosting us. Thank you to everyone who took part and congratulations to all of tonight's winners! #Jersey #SustainableFinanceAwards

During our Focus on Talent livestream, experts from Baloise LU, Linklaters London & KPMG Luxembourg discussed how companies are adapting operations to attract and retain talent, highlighting the importance of putting employees at the core of the business and fostering a positive environment.

Watch the full replay here: bit.ly/3DY3RXX

#LFFTalent #livestream #finance #talent #career #Luxembourg

Register for the event organized with our Finance Innovation cluster on "Market outlook: real estate and fund liquidity"

➡ face-to-face registration: https://lnkd.in/eaZaekAF

➡ digital registration: https://lnkd.in/eeqv8suH

Beatrice Guedj Matthew Green Olivier Vigna José BAEZ

We are thrilled to announce our Memorandum of Understanding (MOU) with the Asian Institute of Digital Finance (AIDF), a prestigious research institute affiliated with the National University of Singapore (NUS). This significant collaboration is poised to ignite a transformative era of innovation and sustainable development. 🤝

Within the framework of this MOU, the #QFCA and #AIDF will jointly pinpoint areas of mutual interest and strategic significance. Working hand in hand, they will embark on a diverse range of projects spanning #ESG, #FinTech, #DigitalAssets, Web 3.0, and other emerging technologies. In addition to these endeavours, both partners are committed to actively fostering the exchange of knowledge and insights, thus reinforcing their shared vision and objectives.

For more: https://lnkd.in/dGmPfbdw

We are pleased to be supporters of the 'London Sukuk Summit 2023' taking place on 1-2 November at The Institute of Directors.

This summit is a great opportunity for knowledge exchange and strategic discussions on the theme of 'the future of Sukuk innovation through ESG and green Sukuks and the mitigation of risks against the backdrop of volatile markets.'

📌 Register here: https://lnkd.in/esXX8FVA

#SukukSummit #ESG