Abu Dhabi, United Arab Emirates, 14 May 2018: Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, announced today the inauguration of ADGM Academy. The inauguration took place in the presence of H.H.Sheikh Hamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince's Court, H.E. Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development, H.E. Homaid Abdullah Al Shimmari, Deputy Group Chief Executive Officer and Chief of Human Capital and Corporate Services at Mubadala, H.E. Ahmed Al Sayegh, Chairman of ADGM, Mr. Philip Parham, British Ambassador to the UAE, and officials from the public and private sectors. The Academy has been established, in collaboration with international partners, to become a leading provider of financial research, training, education and literacy for Abu Dhabi and the MENA region.
The inauguration marks a unique milestone for ADGM towards its objective of building a knowledge hub that produces well-qualified, financially literate professionals to support the development of the financial services sector. By undertaking courses at the ADGM Academy, students will be using state-of-the-art training facilities to contribute to the development and implementation of the highest standards of financial professionalism, ethics and conduct in the industry.
H.H. Sheikh Hamdan Bin Zayed Al Nahyan stressed the key role of the ADGM Academy to meet the developmental and training needs of the financial services sector in Abu Dhabi through producing a highly-skilled and productive workforce capable of contributing to enhancing Abu Dhabi's position as an international financial centre, and to achieving the Emirate's Economic Vision 2030.
"The inauguration of ADGM Academy is an additional vital step towards enhancing the human resource field, adopting best practices in various financial services sectors, and supporting the development process in the business and financial services sector in the country", he added.
Commenting on the inauguration, H.E. Ahmed Al Sayegh, Chairman of ADGM said: “The finance sector in Abu Dhabi and across the region is incredibly dynamic, but we must harness the strengths and talent available through the provision of a world-class, knowledge-based environment. By doing this, it contributes to fostering a highly skilled and productive workforce that can contribute effectively to meeting broader, long-term economic objectives.”
“Locally, that means the provision of world-class programmes and innovative technology that bolster Abu Dhabi’s standing as a financial and commercial hub and support the objectives contained within the UAE’s Vision 2030 and Abu Dhabi’s Economic Vision 2030.” He continued.
In helping to build a knowledge hub in Abu Dhabi, the Academy delivers a number of services:
- educational and experiential programmes, underpinned by high standards of ethics and practices within the financial sector;
- bespoke learning and development solutions and products, co-developed with leading providers;
- training excellence through innovative and blended learning.
ADGM Academy’s six schools cover a range of courses and master classes that are designed to address the financial knowledge requirements of specific demographics in the region through specialized training:
- School of FinTech - serves the digital banking and finance environment with internationally-recognized FinTech qualifications;
- School of Banking and Finance - a flagship school offering a wide range of internationally-certified courses and qualifications;
- School of Professional Development - offers chartered qualifications e.g. CFA, CISI etc.
- School of Personal Development - covers a range of courses from soft skills to technical skills;
- School of National Development - conducts programmes focused on supporting financial competencies of the National workforce;
- School of Entrepreneurship - provides bespoke programmes for entrepreneurs to equip them with practical skills and tools to launch businesses.
The curricula of each school will be developed in co-operation with globally-renowned expert partners [see notes] to provide high quality, internationally-recognized professional development programmes.
The Schools of National Development and Entrepreneurial Development are dedicated to UAE nationals as part of the strategy to reposition Abu Dhabi as a knowledge-based economy. Both Schools will strive to enhance the skills and capabilities of Emirati citizens and broaden the development of the UAE workforce.
Hamad Sayah Al Mazrouei, Managing Director of ADGM Academy said: “We have placed an emphasis on enhancing the national workforce and providing local entrepreneurs with educational resources to widen Emirati involvement in the field of finance. Through continuous dialogue with stakeholders, we will proactively develop solutions that best meet the needs of a dynamic and rapidly-evolving financial sector in the MENA region and provide excellence in financial education.”
About Abu Dhabi Global Market Academy:
ADGM Academy is part of Abu Dhabi Global Market (ADGM), an International Financial Centre (IFC) located in the capital city of the United Arab Emirates. The Academy was established with the vision of becoming one of the leading academies in the region by providing world-class financial research and training services. The main objective of ADGM Academy is to contribute to the positioning of Abu Dhabi as a financial centre by delivering financial education and literacy. This will be achieved through the provision of world-class educational and experiential programmes covering a range of topics and qualifications in banking, finance, leadership, entrepreneurship, technical skills and soft skills.
In May 2017, ADGM announced the establishment of a new Knowledge Hub in Abu Dhabi for financial services. This initiative is aligned with ADGM’s strategy as an IFC and reinforces its commitment to position Abu Dhabi as a regional centre of excellence for financial services talent development. The initiative aims to build up the talent pool and the development of human capital in the finance sector. The ADGM Knowledge Hub also promotes professional excellence by raising the level of knowledge, standards, compliance, ethics and innovation in financial services as a centre of human capital and talent excellence. ADGM Knowledge Hub is anchored on four key pillars which include “Academia, Research & Innovation, Seminars & Conferences, and Training Institute”. The ADGM Academy represents the Training Institute pillar. One of the key components of the Knowledge Hub is to attract leading academic and professional institutions to participate in and to establish their presence on Al Maryah Island – ADGM’s jurisdiction.
About Abu Dhabi Global Market:
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance. It serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
Based in Abu Dhabi, home to one of the world’s largest sovereign wealth funds and one of the highest concentrations of high-net-worth-individuals in the world, ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, it enables registered financial institutions, companies and entities to thrive and operate within an international regulatory framework based on Common Law.
Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*
As part of its mandate, ADGM oversees and governs the Al Maryah Island, a designated financial free zone covering 114-hectares of financial and commercial services including residential, retail, leisure, hotel and office developments. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linked : ADGM
* Source : The Global Investor Middle East and North Africa (MENA) Awards
About ADGM Academy Main partners:
INSEAD is one of the world’s leading and largest graduate business schools, bringing together people, cultures and ideas to change lives and transform organisations. A global perspective and cultural diversity are reflected in all aspects of its research and teaching. INSEAD has campuses in Europe (France), Asia (Singapore) and the Middle East (Abu Dhabi) and its business education and research spans three continents. The school’s 145 renowned Faculty members from 40 countries inspire more than 1,400 participants in its programmes.
Around the world and over the decades, INSEAD continues to conduct cutting edge research and to innovate across all its programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled INSEAD to become truly “The Business School for the World”.
With 25 years as an approved International Centre of the Chartered Institute of Personnel and Development (CIPD), Bradfield delivers flagship, accredited HR qualifications, consultancy and professional knowledge and skills development services. The company is one of the largest and longest established providers of much sought-after CIPD qualifications in the Gulf Region and has delivered focused HR and management training to over 3,000 senior managers and staff in both public and private sector global organisations. Bradfield’s expertise spans diverse sectors including banking, financial services, pharmaceutical, oil and gas, and academic institutions.
FINTECH Circle is a global community of 100,000+ FinTech entrepreneurs, angel and VC investors, financial services professionals and FinTech thought-leaders, focusing on FinTech seed investing, education and enterprise innovation. It provides FinTech education designed to empower finance professionals with the necessary digital skills to adapt to a rapidly changing industry. FINTECH Circle’s board members range from traditional bankers and FinTech experts, through to academics from leading universities and course encompass a wide range of highly relevant material. Every quarter new, small classes are released to ensure that members will have access to the latest FinTech insights and the industry experts working on cutting-edge Fintech innovation from across the globe. Courses include WealthTECH/Robo-banking, InsurTECH, RegTECH, Blockchain, Artificial Intelligence, Enterprise Innovation and Startup methodologies.
Initially founded as Genesis Institute in 2008, primarily as a CFA training provider, the Institute has since expanded its portfolio to a range of courses. From the time of its inception, the institute has taken immense pride in having trained thousands of students – intrinsically demonstrating a high level of quality and commitment to training in the region. The Institute’s continuing and sustained growth in the Middle East led to an acquisition by educational giant Kaplan in 2017, forming Kaplan Genesis. Kaplan Genesis is part of the Kaplan family, the world’s leading global provider of diverse education and training. Programs include leadership and professional development training, professional accountancy and financial training, vocational qualifications, apprenticeships, financial markets, postgraduate and undergraduate degrees.
THE LONDON INSTITUTE OF BANKING AND FINANCE (LIBF)
The London Institute of Banking & Finance exists to provide outstanding education and thinking in the Banking and Finance sector. Previously known as the Chartered Institute of Bankers, the London Institute of Banking and Finance remains the only banking and finance professional body with degree awarding powers. Based in the City of London since 1879, the Institute has been delivering leading financial education worldwide that continues to set industry standards. London Institute of Banking and Finance delivers all the courses in the Academy Banking & Finance School.
The mission of CFA Institute is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute seeks to set professional standards for investment management practitioners and broadly engage other finance professionals through their interest and interactions with the investment management industry. Improving outcomes for investors advances our social mission and benefits members through greater demand for educated and ethical investment management professionals.
CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT
The CISI’s mission is to help members attain, maintain and develop their knowledge and skills and to promote the highest standards of ethics and integrity in the securities and investment profession. Based in the City of London, with origins in the London Stock Exchange, the CISI is a global organisation with representative offices in financial centres such as Colombo, Dubai, Dublin, Edinburgh, London, Manila, Mumbai, Spain and Singapore. We work in close cooperation with regulators, firms and other professional bodies worldwide and over 40,000 examinations were sat in 80 countries in the last twelve months. With 45,000 members in 104 countries the CISI is the professional body which sets examinations and offers qualifications for those working, or looking to establish a career in the financial planning, wealth management and capital markets profession.
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