ADGM

The ADGM Financial Services Regulatory Authority (FSRA) has published a Consultation Paper aimed at enhancing its regulatory framework to ensure continued alignment outlined by the Basel Committee on Banking Supervision (BCBS). The key areas of enhancements to the regulatory framework pertain to: · Corporate governance expectations · Requirements around notifications to the FSRA · Related party transactions · Provisioning for credit exposures · Stress testing expectations · Designation of domestic systemically important banks · Expectations around management of country risk and transfer risk This consultation paper should be of interest to all Authorised Persons operating in ADGM or seeking to do so, particularly banks, insurers and those entities that are authorised to carry on the Regulated Activities of Providing Credit or Managing a Profit Sharing Investment Account which is a PSIAu in ADGM. Your feedback is crucial in establishing a regulatory environment that is built on a solid foundation and supports sustainable financial practices. To access the Consultation Paper, click here: https://lnkd.in/dYJD6KsH

ALTNOVEL Launches its Digital Platform for Private Capital Investments ALTNOVEL is excited to announce the launch of its innovative digital platform, www.altnovel.co. Designed to provide seamless access to investments in private equity, private credit, real estate, infrastructure, and digital assets. The platform enables high-net-worth individuals, family offices, and wealth managers to build diversified portfolios with a flexible, dynamic structuring approach. Situated in Abu Dhabi at ADGM, a burgeoning global capital markets hub, ALTNOVEL offers a strategic advantage to investors in the region. “We are proud to launch ALTNOVEL in a vibrant region like the GCC and a city known for its leadership in finance – the Capital of Capital" said CEO Stergios Voskopoulos. "Our platform bridges a critical gap, providing sophisticated private market solutions with transparency and innovation.” The platform offers a comprehensive suite of investment options, from secondaries and co-investments to fund-of-funds, helping investors achieve optimal liquidity and superior returns while navigating the complex private markets. ALTNOVEL is set to redefine how private capital is accessed, delivering what investors have been waiting for, across different markets. For more information about ALTNOVEL and its innovative approach to alternative investments, please visit www.altnovel.co or contact us at info@altnovel.co Press release: please visit https://lnkd.in/eP_qBqey #altnovel #privatemarkets #digitalplatform #privateequity #privatecredit #privateassets #adgm

ADGM Family Day was a day to remember! Colleagues came together for a day full of laughter and excitement alongside their families, enjoying everything from carnival games and creative crafts to gaming stations and tasty treats. Watch the video to see all the unforgettable memories we made together.

REEM PARTNERS LIMITED (“Reem Partners”) is pleased to announce that it has received Financial Services Permission (“FSP”) from Abu Dhabi Global Market (‘ADGM”) Financial Services Regulatory Authority (“FSRA”). The Category 3C granted enables Reem Partners to manage collective investment funds, advise on investments or credit, and arrange deals in investments. Reem Partners is honored to join the vibrant ecosystem of ADGM and to actively participate in the growth of the financial markets in Abu Dhabi and the UAE. Through its newly regulated entity, Reem Partners demonstrates its commitment to fostering strong connections and partnerships worldwide. Comprising a team of global leaders with deep industry knowledge and a proven track record across multiple sectors, we offer unparalleled expertise and solutions tailored to meet the diverse needs of our clients wherever they may be. We thank ADGM for its support throughout the process as well as Waystone, special thanks to Biagio Perrone Filardi and Mohsin Ismail, for their advice.

Today, Emmanuel Givanakis, CEO of the Financial Services Regulatory Authority (FSRA) of ADGM, will be speaking at Bloomberg's Fourth Annual Global Regulatory Forum in New York City.    He will participate in the panel discussion titled "Unlocking Opportunities in Sustainable Finance" at 12:05 PM (UST -4).   While supervisors continue to guard the financial system, the need to develop and implement a forward-thinking regulatory framework that addresses the evolving dynamics of global finance remains pressing.   #BloombergGRF2024 will convene international leaders from finance, business, and policy to discuss the future of financial systems and the regulations required to respond to the complex challenges our changing world will bring.   Find out more here: https://lnkd.in/daiB58kk

This year's Virtual Career Fair, in partnership with ADGM was a huge success! We were thrilled to announce our partnership with Abu Dhabi Global Market (ADGM) as part of their recent 2024 Virtual Career Fair! Together with ADGM and eFinancialCareers, we connected with over 10,000 global candidates, offering incredible opportunities in the heart of Abu Dhabi. With over 41 leading financial institutions, tech companies, and legal firms participating, this event highlights ADGM’s position as a thriving international financial hub and a magnet for top-tier global talent.  This collaboration truly showcased the potential of ADGM’s dynamic and innovative ecosystem. We’re proud to be a part of this journey, empowering businesses and professionals to thrive and drive innovation. A special thanks to all the participating companies, including HSBC, Brevan Howard, BNP Paribas, The Citco Group Limited, and Shorooq Partners. Here’s to a bright future, fostering global partnerships and innovation in the UAE! 

Today's AI & GenAI in Action: Legal Insights and Industry Innovation event organized by AmCham Abu Dhabi's Legal Affairs Committee. A special thank you to ADGM Courts for hosting this event, and a heartfelt thank you to our incredible speakers: Francesca Gori, Linda Fitz-Alan, Andrew Mackenzie, Laura Reynaud Esq., LL.M., Abir Habbal, Harry Hurst, Mohammed Arif, and Nancy Gleason for sharing their expertise on the impact of AI and GenAI across industries. Strategic Partners: British Chamber of Commerce Abu Dhabi and Canadian Business Council Abu Dhabi. Yassin Y. Yassin, CPA, FCCA, Zaheer Kaiser Anis, Shoaib Khaleeli, Jason Moore

We are pleased to announce that Opus 2 has opened a new office in the UAE to serve the Middle East region. With years of experience collaborating with the region’s legal professionals, the new office is located in the Abu Dhabi Global Market (ADGM) and delivers cutting-edge technology and services to support the region's growth as a global dispute resolution hub. Read the full press release for more details: https://hubs.ly/Q02Sk7p_0 #LegalTech #Arbitration #UAE #ADGM #DisputeResolution

ADGM welcomes Gemcorp Capital! As a leading global asset management firm specialising in emerging markets, Gemcorp has received a Financial Services Permission from the ADGM Financial Services Regulatory Authority (FSRA) and opened its new office in Abu Dhabi. Positioned within our international financial centre, Gemcorp is set to expand its footprint across the GCC, Africa, and South Asia. We’re excited for the opportunities ahead as Gemcorp joins the diverse community of local, regional and global businesses at ADGM. #ADGM #GemcorpCapital #GlobalFinance #EmergingMarkets #GCC #FinancialServices #AbuDhabi #Investment

ALDAR and Mubadala have officially broken ground on One Maryah Place, a landmark commercial development on Al Maryah Island. As a prominent international financial hub, ADGM continues to drive economic growth and attract global corporations to Abu Dhabi. One Maryah Place will provide 98,000 square meters of premium office space, reinforcing ADGM’s status as a key destination for leading financial institutions. With seamless connectivity to major locations on Al Maryah Island and beyond, this project will further elevate the region’s thriving commercial landscape.