- Advocating a knowledge-based economy with highly-skilled human capital and world-class financial education for Abu Dhabi and the UAE
Abu Dhabi, UAE, 15 May 2019: ADGM, the International Financial Centre in Abu Dhabi, is pleased that the ADGM Academy (ADGMA) has lined up new and more globally-endorsed academic offering and financial programmes in celebration of its first year of successful operation and achievements. This was announced in a celebration attended by industry leaders including H.E. Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM, H.E. Saif Mohamed Al Hajeri, Chairman of Abu Dhabi Department of Economy Development, Alex Fraser, Chief Executive of The London Institute of Banking & Finance and H.E. Abdulhamid Saeed, Group Chief Executive Officer, First Abu Dhabi Bank, and numerous senior representatives from the Abu Dhabi government and private sector.
ADGMA has been working closely with internationally-renowned expert partners, including INSEAD, Bradfield Group, FinTech Circle, the London Institute of Banking And Finance (LIBF), to name a few, to provide first-class academic courses and professional development programmes for the business and financial community in Abu Dhabi and regionally. Among the new financial and FinTech courses, ADGM plans to develop the sustainable finance programme at ADGMA and will also launch new masters and certification programmes to raise the level of knowledge, awareness and acceptance of sustainable finance. Since inauguration, ADGMA has successfully conducted close to 200 courses with about 1,150 registered industry participants.
As part of the celebration, ADGM honoured 120 students who graduated from the School of Banking and Finance at the Academy. The graduates received an official certification from London Institute of Banking and Finance at the anniversary ceremony held at the ADGM Authorities building. ADGMA has developed bespoke programmes in response to the growing demand within the industry.
H.E. Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM said: “Education and knowledge remain a primary and vital priority in the UAE. As an International Financial Centre, ADGM recognises that human capital and professional individuals are the most valuable and fulfilling investment in the development and long-term sustainable growth of the nation. ADGM Academy is an extension of ADGM’s commitment in contributing towards the UAE’s economic vision and Abu Dhabi’s diversification strategy. The Academy aims to create a dynamic academic platform and ecosystem that serves Abu Dhabi’s position as a global financial and commercial hub, and designed for today’s and tomorrow’s entrepreneurs and financial leaders.
Together, ADGM and its Academy play an integral role in raising the financial services standards, generating greater growth, and creating more employment opportunities that benefit the business community and companies in the UAE and wider region.”
Hamad Sayah Al Mazrouei, Managing Director, ADGMA said: “ADGMA is committed to being a market leader in providing the best-in-class training and education to empower financial professionals across the region. The financial landscape in the MENA region is rapidly evolving and as such, ADGMA has adapted its programmes in-line with the changing needs of the financial sector. The Academy is making great strides in meeting the increased requirements for highly-skilled work-force of the financial services sector by working closely with local and international organisations to develop talent in the UAE and regionally. The Academy, being world-class hub for financial research and training services, is committed to supporting all government initiatives aimed at advancing the economy and creating a vibrant and innovative ecosystem.”
The Academy with its state-of-the-art training facilities was established in 2018 to provide world-class financial training, education, research to raise the level of financial literacy and expertise across Abu Dhabi and the MENA region. Over the course of a year, ADGMA successfully launched a broad range of strategic programmes and industry-relevant initiatives to meet the development and training needs of the rapidly evolving financial sector in Abu Dhabi. These initiatives include: providing a diversified range of courses that cover FinTech, banking and finance, in addition to national, personal and professional development; designed and offered more than 100 training courses; welcomed more than 120 UAE nationals in its National Development Programme; successfully launched the Pre-Audit Qualification Training Programme (PAQT), and commenced efforts to develop modules that advocate sustainable finance knowledge and practice across the UAE.
As part of the continued commitment to develop and secure employability for UAE nationals, ADGMA signed an MoU with EY, HRA, and ADAA, in which 100 UAE Nationals will be placed in EY’s business functions as part of an Audit and Accountancy Programme. Earlier in the year, ADGMA launched the PAQT in February in partnership with HRA, KPMG, and ADAA, as part of the Ghadan 21 project. These partnerships aim to bring together world-class training, resources and job placements for Emiratis in the Accounting and Advisory sector.
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 a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of 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: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on Common Law.
Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for three consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.* For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linkedin : ADGM
* Source: The Global Investor Middle East and North Africa (MENA) Awards
For further enquiries, please contact:
Associate Director Communications