Comprehensive Overview and Trends in the UAE Banking & Finance Sector
The UAE Singapore Business Council presented our first banking and finance workshop entitled “United Arab Emirates Banking and Finance” on 5th July 2022. Gracing the webinar as Guest of Honour was Mr Lee Yi Shyan, Chairman of Business China and Patron of the UAESBC, who gave the Closing Remarks. The event featured presentations from a distinguished line-up of experts representing key agencies and companies in the sector namely First Abu Dhabi Bank, Al Tamimi & Co, Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC). This was followed by a panel discussion moderated by UAESBC President, Dr Brian Shegar, composing of panelists representing global banking and finance companies who have presence in both UAE and Singapore namely: DBS Bank (Dubai), Bank of Singapore, HSBC (MENAT), Merkle Trees. and Lulu Financial Group. The webinar was also expertly steered as Emcee and Q&A Moderator by UAESBC Member and CEO of NQ International, Ms Noor Quek.
The webinar kicked off with a thoroughly informative presentation by CEO of First Abu Dhabi Bank (Southeast Asia) and Secretary of the UAESBC, Mr Ananth Ramachandran, who gave us an 'Overview of the UAE Banking and Finance' sector. This was followed by Mr Jody Waugh, Head of Banking & Finance for Al Tamimi & Co who informed us about the relevant 'Important Regulations for Banking and Finance in the UAE'. The attendees of the webinar then received comprehensive introductions to two of the most important financial institutions in the UAE: the ADGM and DIFC, by Mr Ali Hassan and Mr Kwok Wai Lum respectively. A panel discussion then ensued where experts from DBS, Bank of Singapore, HSBC, Merkle Trees and Al Tamimi & Co introduced their companies and shared their perspectives on key trends and concerns in global banking, wealth management, digitalization, fintech and cryptocurrency.
Below are screenshots captured during the webinar for your viewing pleasure: