Financial Center News #49

🖼️ Introduction to the latest #WAIFC working paper: "ART - AN INTEGRAL INGREDIENT FOR FINANCIAL CENTERS."

In our most recent paper, we showcase how various financial centers are:

✅ making efforts to embrace artists in the financial ecosystem (but not exploiting artists)

✅ making financial centers more affordable/livable for artists

✅ leveraging art for their branding and global harmonization.

We would like to thank our member FinCity.Tokyo (東京国際金融機構) for the contribution.

📲 Read more: https://lnkd.in/e6mRmkhS

🚨 Just 2 days left to submit your application for the #WAIFC Young Academic Award 2024 (YAA 2024). The top three finalists will have a unique opportunity to present their research at the WAIFC’s Annual General Meeting (AGM), which will be held in Tokyo, Japan, in the week starting 14 October 2024.

🎙 Winners will be announced following the AGM and will be awarded with cash prizes of €3,000, €2,000 and €1,000 for 1st, 2nd and 3rd places respectively. Further details on the competition can be found in the Award Handbook.

📲 More info: https://lnkd.in/e8-Yhd_e 📲 Further details on the competition: https://lnkd.in/g8-y2ytD 📲 Submission form: https://lnkd.in/eMeR9N4R

As a global hub for asset management, ADGM attracts the world's top hedge funds, driving economic growth and contributing significantly to the UAE's GDP. With its progressive regulations, vibrant ecosystem and best-in-class investment vehicles, ADGM stands at the forefront of innovation, making Abu Dhabi, the Capital of Capital, an ideal destination for leading asset managers to expand their reach and tap into a dynamic market.

Learn more here! 🔗 https://lnkd.in/dFmfRDg9

#ADGM #AssetManagement #HedgeFunds #EconomicGrowth #UAE #GDP #Regulations #Innovation #AbuDhabi #CapitalOfCapital #AssetManagers #DynamicMarket

🌿 Today, within the framework of the "Clean Kazakhstan" initiative, the IAF team held the "Clear Spring" environmental Saturday! We thank the teams of SkyBridge Invest, Most Ventures, Harry Qelm Baabsman, Abylai Global Solutions for their activities in the field of sustainable development and social responsibility. In this way, we are one step closer to our ESG goals and have contributed to the betterment of the environment!

Hosted The 9th Busan Financial Hub Forum

□ Forum Overview ㅇ Organizer : Busan Finance Center ㅇ Date : April 17, 2024 (Wed) 14:00∼17:00 ㅇ Venue : Conference Room of the Korea Securities Depository (BIFC 39th Floor) ㅇ Key participants: 23 practitioners from the Financial Supervisory Service, Bank of Korea, employee organizations (Busan Metropolitan City, Korea Exchange, Korea Asset Management Corporation, Korea Ocean Business Corporation, BNK Busan Bank, Korea Technology Finance Corporation), academia, and industry

ㅇ Topic Presentations 1) Current status and challenges of maritime finance 2) Innovation of advanced digital capital market 3) Desirable regulatory measures for digital finance

As part of our US Roadshow, Casablanca Finance City has actively engaged in the US Africa Business Summit across three significant panels :

- Partnering to Accelerate Africa’s Industrialization - Infrastructure - Friendshoring to strengthen value chains with Africa : Morocco example

This participation provided the chance to underscore the pivotal function of African financial hubs as secure destinations for US investors and catalysts for rights and ecosystems.

#CFC #CasablancaFinanceCity #USA #CFCInsights #AfricaBusinessSummit

Honored to host an insightful panel and workshop on “Unconscious bias and the impact of Al on diversity and inclusion in the workplace”, courtesy of the Dubai Sustainable Finance Working Group at #DIFC. Grateful for the engaging discussions and shared insights that pave the way for more inclusive workplaces. #UnconsciousBias #Al #Diversity

🤝EDB signs MOU with Qatar Financial Centre (QFC) to foster collaboration and development in the financial sector.

The Economic Development Board of Mauritius has recently signed an MoU with Qatar Financial Centre (QFC) Authority to establish a strong collaborative partnership for the enhancement of the #financialservices Ecosystem in both Mauritius and Qatar. Under this agreement, a focused attention will be paid to Financial Sector collaboration, notably in the field of #Fintech and #IslamicFinance. Additionally, in accordance with the objectives carved out of this MoU, the promotion and international development of both #FinancialCentres as well as capacity building will also be addressed. During this first official visit of EDB Representatives to Doha, meetings were also held with Qatar Investment Authority, Invest Qatar and Qatar Chamber and members of the Business Community of #Qatar.

#MemorandumOfUnderstanding

FinanceMalta participated in the JA Awards ceremony hosted by the JA Malta Foundation on the 11th of May at Sir Temi Zammit, University of Malta 🎉

One of the highlights of the evening was the presentation of the Best Financial Statements Award, sponsored by FinanceMalta. This award honours the accomplishments of JA entities in crafting exemplary financial statements, showcasing their dedication, strategic vision, and unwavering commitment to shaping our economy's future.

We are delighted to share that My Tote emerged as the winner of the Best Financial Statements Award 🏆 Their meticulous financial statements exemplify the highest standards of excellence and serve as a testament to their hard work and dedication.

We extend a heartfelt thank you to the FinanceMalta judges who took the challenging task of selecting the top three JA entities with outstanding financial statements: 👉 Marvin Zammit - Finance Director at Marco Capital 👉 Lorenzo Mule Stagno - Dean at the Malta Business School 👉 Christian Joseph Agius - Chief Financial Officer at Fyorin

Congratulations to My Tote and all the award winners and a huge well done goes to JA's CEO Matthew Caruana and the team for the excellent organisation of this event.

#FinancialServices

New member: Osaka Prefecture has joined as a supporting member】 Since its establishment in 2016, JIAM has been promoting activities to contribute to the formation of an ecosystem of asset owners, asset managers, and financial technology to enhance and diversify asset management in Japan, and this is the second city in Fukuoka Prefecture to have a local government join as a supporting member.

By utilizing big projects such as the 2025 Osaka-Kansai Expo, the Umekita 2nd Phase Advance Machibiraki, and the Nakanoshima Qross, an international center for future medicine, we will contribute to strengthening cooperation among Japan's major international financial cities by taking advantage of the support we received from Osaka Prefecture, which promotes the concept of an international financial city with Osaka's unique personality and functions.

https://lnkd.in/gs3hVnpx

"If the German government wants to achieve its ambitious goals of transforming industry, infrastructure and transport in the coming years, it must turn to the enormous potential of financing via the capital markets," said Adam Farkas, CEO of AFME (Association for Financial Markets in Europe). Dr. Dirk Hollaender, Senior Partner at zeb consulting, emphasizes: "In Germany, a trend towards private pension provision via the capital markets is emerging. [...] Without a fundamental change in the current pension system, the development of private pensions close to the capital market will only progress relatively slowly." These and other findings are summarized in a recent #Study by AFME and zeb Consulting, which sheds light on the role of #CapitalMarkets for the future of Germany and analyses current trends, opportunities and challenges for capital markets and their contribution to promoting investment, growth and prosperity in #Germany. Learn more about the study here: https://lnkd.in/eY96cHGN

We are continuously developing our international cooperation therefore, we were delighted to meet with a delegation from the Ministry of Finance of the Netherlands yesterday.

During the networking event, we showcased the advancements in the Polish new technologies sector. We also discussed ambitions and plans related to Future Finance Poland. The presentation on BLIK by Dariusz Mazurkiewicz was of great interest to our guests.

The meeting was highly successful and filled with excellent questions, interactions, discussions, and comments.

Representatives from the Ministry of Finance of the Netherlands visited Poland to meet with key institutions for the country's development and to gain insights into the Polish business landscape.

Huge thanks to Bank Pekao S.A. for hosting us and for supporting us in organizing the event.

Michal Szymanski Krzysztof Maciejewski, Ph.D. Lukasz Gradowski Alexander Tokarev Urszula Fijałkowska Katarzyna Dziwulska Pawel Widawski Piotr Brewiński Kasia Jedlińska Katarzyna Multan Anna Malanowska

Financial Services Development Council is delighted to be a part of the Government's ongoing efforts to strengthen connections with the Middle East. Leveraging our strategic partnerships in the region, FSDC recently supported and participated in a delegation led by the Financial Services and the Treasury Bureau (FSTB) and Invest Hong Kong in early May.

The delegation comprised fintech firms and representatives from the asset and wealth management sector, including venture capitalists and family offices from the #Mainland and #HongKong. Together, we embarked on a journey to #SaudiArabia, #Qatar and the #UAE. Our discussions with local counterparts were incredibly fruitful, providing us with insights into the emerging financial markets and the thriving fintech landscape. We were particularly inspired by the success stories of Hong Kong partners and companies operating in the region.

Building upon our previous visits to the Middle East last December and April, FSDC conducted separate meetings with government agencies, regulators, industry associations, and seasoned practitioners across the region to deepen our understanding of the financial markets in targeted domains during this trip.

The industry associations and practitioners generously shared market insights. It is encouraging to note that there are many collaborative opportunities across a variety of topics and a strong common interest in strengthening market #connectivity. Our discussions with government agencies and regulators kept us informed about the latest policies and regulations, which is instrumental in fostering policy collaboration.

#FSDP #QFCA #ADGM #CliffordChance #DFSA #DIFC #EY #GCMA #GlobalVentures #HSBC #Hub71 #MISA #OliverWyman #QSTP #FinancialGrowth #GlobalPartnership #SaudiExchange #Zand #FSDCHK #FSDCHongKong

Our #LifeInFinance meet and greet event is held for the students and local finance firms that have signed up for our 2024 Life in Finance work placement scheme.

This event allows students to speak to current finance workers, learn more about the firms we have on the island and build their contacts within the industry.

Last year we spoke to firms and students that took part in the scheme to hear what they thought about the event, take a listen to hear from them.

It’s not too late to sign up, if you are a firm wanting to participate or a student wanting to gain some valuable work experience, sign up on our website now: https://jsy.fi/3OIpCjY

Last week, we interacted with students at Kepler College | Rwanda as part of our #KIFCUniversityOutreach campaign aimed at raising awareness of KIFC, showcasing current finance trends and opportunities to discover exciting finance careers for the youth.

2021 was a critical year for green finance with a 70% growth.

Despite this significant surge, the proceeding years saw very limited growth. This slowdown was most pronounced in corporate finance and occurred in the context of higher interest rates, high inflation, and an anti-green backlash.

Download our report published in collaboration with New Financial LLP to learn more: bit.ly/4aFONNg

#LuxFinance #GreenFinance

On #ChooseFrance, Paris Europlace pleased to welcome the Chinese delegation of Guangzhou Financial Holding Group Co., Ltd. to deepen cooperation between financial centres on topics of common interest: sustainable finance, technological innovations and good financing of the real economy are issues that know no borders. This dialogue facilitates the sharing of best practices on topics recognized as being of public interest and on a balanced basis between #France and #Chine. Thank youLixuan Chen Cécile Goubet Institut de la finance durable Nicolas Ferreira Finance Innovation #Guangzhou

Don’t miss insights from Yousuf Al-Jaida, QFC CEO, during the "Navigating the Business Landscape in the Gulf" panel session at the Qatar Economic Forum (QEF). Delve into how entrepreneurs are successfully launching businesses throughout the region and gain updates on upcoming government regulations and trends in the Gulf business landscape. 🤝

🔗Register to tune into the broadcast: https://lnkd.in/dkiMuzVt

Session Details: 🟣Date: Tuesday 14 May 2024 🟣Time: 3:00 PM 🟣Speakers: • Yousuf Al-Jaida, CEO, Qatar Financial Centre • Hussain Almarhoon, Co-Founder, HALA Ventures • Patricia Gomes, Head of Commercial Banking, MENAT, HSBC • Moderator: Farah ElBahrawy, Deputy Team Leader & Reporter, Bloomberg

We held a great roundtable today with Craig Williams MP, Parliamentary Private Secretary to the Prime Minister, where we discussed the competitiveness of the UK’s financial and related professional services industry and its important enabling role in driving economic growth.

#TheCityUK #FinancialServices