What sets Abu Dhabi Global Market ahead of the curve?

By Amber Donovan-Stevens
FinTech Magazine looks at the Abu Dhabi Global Market’s (ADGM) latest initiatives that continue to define the financial management centre as a global...

FinTech Magazine looks at the Abu Dhabi Global Market’s (ADGM) latest initiatives that continue to define the financial management centre as a global asset. 

Abu Dhabi Global Market is an international centre that has established itself as a cornerstone of financial management in the Middle East since its creation in 2015. ADGM, which spans across Al Maryah Island, employs over 22,768 individuals. To date it has issued over 2,385 registration and US$26bn assets under management.

[image: His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market.]

His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market summarises the institution's ethos: “ADGM is a key pillar of Abu Dhabi's Economic Vision, acting as a catalyst for the growth of its dynamic financial services sector in the UAE. At the heart of ADGM is a premise of long-term partnership and collaboration - locally, regionally and internationally.” 

Two initiatives driving this economic growth are ADGM’s Arbitration Centre and Academy.

ADGM Arbitration Centre

ADGM operates a state-of-the-art Arbitration Centre from ADGM Square, which provides operational hearing facilities to individuals wishing to resolve their disputes through arbitration or mediation. The facilities are open to third parties, regardless of which institution they choose to administer their arbitration.

[image: Linda Fitz-Alan, Registrar and Chief Executive, ADGM Courts]

According to Linda Fitz-Alan, Registrar and Chief Executive, ADGM Courts, “This centre has been established out of an emerging need for groundbreaking technology for alternative dispute resolution in this region.”

SEE MORE: 

ADGM Academy

The ADGM Academy draws together a number of programmes, media and events in order to provide financial education on banking, finance, leadership, entrepreneurship, technical and soft-skills. The centre has specific training facilities which divide into three sections: Diagnostics, Employability and Career Counselling, which are delivered through the aforementioned schools. 

Its wealth of courses will strengthen Emirati workers to emerge as strong global players, a sentiment summarised by The Late Sheikh Zayed Bin Sultan Al Nahyan: “The real asset of any advanced nation is its people, especially the educated ones, and the prosperity and success of the people are measured by the standard of their education.”

Did you know? ADGM have just announced its latest event: The Innovation Challenge 2020

[images: ADGM]

For more information on all topics for FinTech, please take a look at the latest edition of FinTech magazine.

Follow us on LinkedIn and Twitter.

 

Share

Featured Articles

First Citizens Bank in rescue deal for Silicon Valley Bank

First Citizens Bank, which has completed more than 15 acquisitions of stricken US banks since 2009, has stepped in to take over SVB

Banks are capping crypto spending, but are they right to?

Several banks in the UK are limiting the amount of money that account holders can transfer to crypto exchanges. Is the move justified, or an overreach?

UBS agrees to rescue troubled Swiss bank Credit Suisse

UBS has agreed to rescue its troubled Swiss banking peer Credit Suisse, a move that has been welcomed by the Swiss National Bank and ECB alike

Credit Suisse gets $50bn emergency finance from central bank

Banking

Regulators race to salvage collapsed Silicon Valley Bank

Banking

Stripe's UK Head of Engineering talks 'women in fintech'

Digital Payments