Maktoum bin Mohammed engages with global policy makers and financial industry leaders at the second Dubai FinTech Summit
Meetings explore global cooperation and exchange of expertise in urban financial infrastructure, capital markets and FinTech, and new industry growth opportunities generated by Dubai
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), today met with global policymakers and financial industry leaders on the sidelines of the second Dubai FinTech Summit (DFS).
Influential decision makers that HH Sheikh Maktoum engaged with included Adena T Friedman, Chair and CEO of Nasdaq; Oh Se-Hoon, Mayor of Seoul, South Korea; Nic Dreckman, Group CEO of Julius Baer; and Nik Storonsky, Founder and CEO of Revolut.
The two-day Dubai FinTech Summit, organised by DIFC, the leading global financial centre in the MEASA region, opened today, bringing together over 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.
His Highness’s engagements focused on various areas including exchange of expertise in FinTech innovation, urban infrastructure development, and new capital market, wealth management and FinTech opportunities emerging as a result of Dubai’s new policies and initiatives.
HH Sheikh Maktoum’s meeting with Adena T Friedman, Chair and CEO of Nasdaq, one of the world’s largest stock exchanges, explored stronger ties between Dubai’s financial ecosystem and Nasdaq.
His Highness highlighted Dubai’s strategic initiatives to enhance the total volume of its stock markets to AED3 trillion and deepen its capital market ecosystem, making it a key destination for investors from across the world. Collaboration with global players like Nasdaq is vital to Dubai’s strategic efforts to advance investment growth and foster technology innovation in financial services, he added.
HH Sheikh Maktoum further said that Dubai’s long-standing partnership with Nasdaq has supported it in forging new pathways for excellence in the financial sector, and raising its status as a leading international financial centre.
Friedman commended Dubai’s progressive approach and expressed Nasdaq’s interest in exploring opportunities for collaboration in areas such as capital market development, and regulatory innovation.
His Highness’s meeting with Oh Se-hoon, Mayor of Seoul, explored avenues of collaboration between Dubai and Seoul, particularly in the areas of urban infrastructure development, technology, and innovation. Sheikh Maktoum emphasised Dubai’s commitment to fostering partnerships with leading global cities like Seoul, with the aim of exchanging expertise and best practices to drive sustainable growth and prosperity. He noted that both cities share many complementarities in their development journeys and the growth of their financial industries, which can be tapped to advance mutual growth.
Mayor Oh Se-hoon expressed his appreciation for Dubai’s leadership in various sectors and expressed keen interest in sharing experiences in the FinTech sector, to support the sustained development of their economies.
HH Sheikh Maktoum also met with Nic Dreckmann, Group CEO of Julius Baer, a leading global player in the private banking industry, and Nikolay Storonsky, Founder and CEO of Revolut, an international neobank and financial technology company.
His Highness expressed Dubai’s commitment to creating a conducive environment for wealth management, investment and financial technology excellence, highlighting the city’s strategic initiatives to attract high-net-worth individuals, family offices and innovative FinTech companies. Dreckmann and Storonsky commended Dubai’s exceptional growth over the last decade as a global financial hub and expressed their companies’ interest in expanding their presence in the region, and leveraging Dubai’s advanced infrastructure and investor-friendly policies to serve their clients effectively.
With a presence in over 60 locations worldwide, including the Dubai International Financial Centre, Julius Baer is one of the globe’s leading providers of wealth management solutions. With assets under management worth CHF427 billion at the end of 2023, Julius Baer is the world’s largest pure-play private bank.
Revolut is a global neobank and financial technology company that offers banking services for retail customers and businesses. The company serves 40 million personal customers and 500,000 business customers in over 150 countries and regions.
In line with the goal of the Dubai Economic Agenda D33 to establish Dubai as one of the world’s top four global financial hubs by 2033, the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, which are pivotal to transforming the global FinTech sector. The event presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
The meetings were attended by His Excellency Essa Kazim, Governor of DIFC; Arif Amiri, CEO of DIFC Authority; and Mohammad Alblooshi, CEO of DIFC Innovation Hub.
H.H. Sheikh Maktoum bin Mohammed opens second edition of Dubai FinTech Summit
Summit brings together more than 8,000 industry leaders from over 100 countries to discuss the future of FinTech and unlock new opportunities
Second edition of the Dubai FinTech Summit highlights the ongoing transformation of the technology-led financial sector
His Highness: Dubai provides a unique environment for FinTech companies to leverage new growth opportunities in this rapidly growing sector
“We have created a dynamic ecosystem for the FinTech industry to thrive, in line with the goal of the Dubai Economic Agenda D33 to establish the emirate as one of the top four financial centres worldwide”
Essa Kazim: DIFC’s unprecedented growth over the last 20 years consolidates Dubai’s status as the MEASA region’s foremost contributor to the global financial services industry
Arif Amiri: The summit not only highlights Dubai’s central role in the global financial ecosystem but also demonstrates our position as a catalyst for economic growth and technological advancement in the MEASA region and beyond
Government of Dubai Media Office – 06 May 2024: His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance of the UAE and President of DIFC, today opened the second edition of the Dubai FinTech Summit, which is being held at Madinat Jumeirah, Dubai under the theme ‘Pioneering FinTech’s Future’.
Organised by the Dubai International Financial Centre (DIFC), the leading global Financial Centre in the Middle East, Africa and South Asia (MEASA) region, this year’s Dubai FinTech Summit brings together more than 8,000 industry leaders from over 100 countries.
Commenting on the occasion, HH Sheikh Maktoum bin Mohammed said: “Dubai today has the ideal infrastructure and legislation to become the world’s global FinTech hub. The city provides a unique environment for FinTech companies to leverage new growth opportunities in this rapidly growing sector. We have created a dynamic ecosystem for the FinTech industry to thrive, in line with the goal of the Dubai Economic Agenda D33 to establish the emirate as one of the top four financial centres worldwide.”
His Highness added that the second edition of the Dubai FinTech Summit highlights the ongoing transformation of the technology-led financial sector, and the urgent need to focus on innovation, financial inclusion, and the impact of sustainability as a way of life. “Through collaboration and partnerships between banks, financial technology companies, and financial services application platforms, Dubai is poised to lead the future of this dynamic sector. By focusing on customer and investor-centric financial and banking services, this will pave the way for significant advancements in the future,” Sheikh Maktoum said.
His Highness added: “The summit will foster rich discussions on the evolving landscape of finance, driven by the transformative forces of artificial intelligence, digital currencies, and innovative technology. Together with industry leaders, we look forward to exploring the positive impact and opportunities inherent in the use of artificial intelligence in financial services, the growing world of digital currencies and blockchain technology. With its progressive policies, innovative regulations and advanced infrastructure, there is no limit to what Dubai can accomplish in the sector.”
During his visit, His Highness Sheikh Maktoum attended the opening session of the summit and met with several global leaders in tech, finance and regulatory reform.
His Excellency Essa Kazim, Governor at DIFC, said: “DIFC has become a major engine of growth for Dubai’s economy and a significant contributor to its GDP. Its accelerated growth trajectory is perfectly aligned with the goals of the Dubai Economic Agenda, D33 to double the size of Dubai’s economy over the next decade and reinforce its status as one of the world’s top three cities for business and investment. DIFC’s unprecedented growth over the last 20 years consolidates Dubai’s status as the MEASA region’s foremost contributor to the global financial services industry.”
He added, “Through strategic initiatives, we seek to provide a dynamic environment for innovation and enterprise to flourish. Dubai and DIFC have invested heavily in its FinTech ecosystem by creating a supportive and agile regulatory framework, and by providing access to funding, sand-box environments and state-of-the-art infrastructure for start-ups and established companies alike. The Dubai FinTech Summit also presents a unique opportunity for collaboration between traditional financial institutions and FinTech firms, especially with rapid AI advancements driving innovation within the sector.”
The Dubai FinTech Summit offers the perfect platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth $15.5 billion, according to data by dealroom.co.
Arif Amiri, Chief Executive Officer at DIFC Authority, said: “DIFC offers a thriving business environment where technology meets opportunity, enabling FinTech companies to excel and expand on a global scale. By fostering robust partnerships and facilitating cross-border collaboration, we are setting new standards for financial excellence. The Dubai FinTech Summit exemplifies this commitment by bringing together industry leaders, innovators, and policymakers from around the world to discuss the future of finance. The platform not only highlights Dubai’s central role in the global financial ecosystem but also demonstrates our position as a catalyst for economic growth and technological advancement in the MEASA region and beyond.”
Investments in FinTech, projected to grow by 17.2% CAGR to $949 billion from 2022 to 2030, are further accelerating the ongoing pace of FinTech innovation globally and in Dubai, which offers access to high-growth emerging markets in the Middle East and North Africa (MENA), Western Europe, Asia and Africa.
The second edition of the Dubai FinTech Summit is taking place at an unprecedented scale for an event focused purely on FinTech. In line with D33 to position Dubai as the top four global financial hub by 2033, the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
With a strong line-up of distinguished local and international speakers in attendance during the two-day summit, the Dubai FinTech Summit promises engaging and thought-provoking panel discussions and fireside chats. Delegates will access key insights from His Excellency Abdulla bin Touq Al Marri, UAE Minister of Economy; His Excellency Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund; His Excellency Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; and His Excellency Faisal Belhoul, Vice Chairman of the Dubai Chamber and Chairman of J&F Holding.
Adena T. Friedman, Chair and Chief Executive Officer of Nasdaq; Nic Dreckmann, Chief Executive Officer of Bank Julius Baer; Yie-Hsin Hung, President and Chief Executive Officer of State Street Global Advisors; along with many other global industry leaders will also bring their perspectives on the future of FinTech.
Day one of the Dubai FinTech Summit saw insightful debates on the topics of ‘Regulation and Policymaking’; ‘Crypto Payments’; ‘Embedded and Open Finance’; ‘AI and the Future of Finance’; ‘VC, Entrepreneurship and Beyond’; ‘Corporate Finance’; ‘Financial Inclusion and Consumer Protection’; and more.
Day two promises equally vibrant discussions with opening remarks by Arif Amiri, Chief Executive Officer of DIFC Authority, followed by high profile fireside chats with global industry leaders including sessions on ‘High Interest Rates and Macroeconomic Volatility’; ‘Institutional Adoption and Regulatory Clarity – Crypto’s Path Forward’; ‘D33- A Decade of Economic Transformation’ and more. View the full agenda here.
The second edition of the Dubai FinTech Summit is supported by over 150 global corporate partners, with Visa as founding partner and co-host; Emirates NBD as founding partner and premium banking sponsor; e& as founding partner and ‘powered by’ sponsor; and Commercial Bank of Dubai as founding partner and strategic banking sponsor.
Takaful Bazaar to Showcase World’s First Embedded Takaful Platform at DIFC Fintech Summit 2024
Dubai, UAE – Takaful Bazaar, a pioneering InsurTech startup based in the UAE, is excited to announce its participation in the prestigious Dubai International Financial Centre (DIFC) Fintech Summit 2024. As the world’s first provider of an embedded Takaful platform, Takaful Bazaar will demonstrate its groundbreaking solutions, initially launched as a successful proof of concept in Pakistan.
Since its inception, Takaful Bazaar has committed to providing innovative and ethical financial products tailored for the Middle East, North Africa and Pakistan (MENAP) region. The company’s participation at the summit underscores its dedication to revolutionizing the Takaful landscape with technology-driven solutions.
Mustafa R. Muhammadi, CEO of Takaful Bazaar, remarked, “The MENAP region harbors vast untapped potential increasingly recognized by the global financial community. We are excited to spearhead this exploration through our embedded Takaful platform. This initiative not only streamlines but also enhances the distribution and consumption of Takaful products. Our presence at the DIFC Fintech Summit reaffirms our vision and commitment to innovating InsurTech in this dynamic region.”
Takaful Bazaar’s embedded platform allows partners, including car dealerships, healthcare providers, travel booking platforms, to seamlessly integrate Takaful offerings into their sales processes. This integration provides customers with immediate, seamless, and compliant coverage options, setting a new industry standard.
The summit organized by DIFC provides Takaful Bazaar with a prime opportunity to display its technological innovations and to engage with industry leaders, potential investors, and partners from around the world.
For more information, please visit www.takafulbazaar.com
About Takaful Bazaar
Takaful Bazaar is a UAE-based InsurTech startup committed to delivering innovative and ethical Takaful solutions across the MENAP region. With its launch of the world’s first embedded Takaful platform, the company is transforming how Takaful products are offered, making them more accessible, convenient, and integrated into everyday transactions.
End of Release
For media inquiries, please contact:
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PR@takafulbazaar.com
Apparel Group and myZoi Forge Partnership to Drive Financial Inclusion for Over 4,000 Underbanked Employees
Apparel Group and myZoi Forge Partnership to Drive Financial Inclusion for Over 4,000 Underbanked Employees
- Apparel Group Enhances Home Transfer Services through myZoi App
- Apparel Group to extend myZoi’s payroll, domestic payments, home transfer, and financial education offering to its employees.
- Together, myZoi and Apparel will advance the social elements of ESG.
In a significant announcement made at the Dubai Fintech Summit, Apparel Group, a leading global fashion and lifestyle retail conglomerate, and myZoi, a pioneering fintech incubated at SC Ventures, unveiled a strategic partnership set to redefine financial inclusion for low-income employees. This collaboration will deliver advanced digital payroll solutions and comprehensive financial literacy programs, directly benefiting over 4,000 employees of Apparel Group. The initiative was jointly announced by Syed Muhammad Ali, CEO of myZoi, and Neeraj Teckchandani, CEO of Apparel Group, marking a major step forward in leveraging financial technology to enhance workforce empowerment.
MyZoi, which has secured crucial licensing from the Central Bank of the UAE, including Stored Valued Facilities, Retail Payments Services, and Card Schemes licenses, is positioned to dramatically improve financial access and education for Apparel Group’s employees. This partnership not only addresses immediate payroll processing efficiencies but also aims at a broader impact, including improved financial wellbeing and security for a significant segment of Apparel Group’s workforce.
Neeraj Teckchandani, CEO of Apparel Group, said: “As leaders in the retail sector, we recognize our responsibility to not only drive business success but also foster substantial social change. This partnership with myZoi represents a transformative leap towards creating a more financially inclusive ecosystem. By equipping our team with essential financial skills and tools, we are investing in their future, ensuring they have the opportunities and resources necessary to prosper. We are proud to lead the charge in this critical aspect of social sustainability, aiming to inspire and ignite similar initiatives across industries.”
Syed Muhammad Ali, CEO of myZoi said: “We’re thrilled to welcome such a reputable and purpose driven partner on board who shares our mission of bringing simple, affordable, and safe financial solutions to employees that are under or unbanked. We’re excited to work on this agenda together and extend our financial solutions to Apparel’s employees and their families as we work together toward implementing the solution in the near future”.
The partnership reinforces Apparel Group’s commitment to its Environmental, Social, and Governance (ESG) goals, specifically focusing on enhancing economic inclusion and setting industry benchmarks in social responsibility through innovative financial technology
For further information:
Asmik Akopyan
Head of Brand and Marketing
E-mail: asmik@myzoi.life
About myZoi
myZoi is committed to promote financial inclusion of every underbanked individual globally through tailored financial services, elevating their living standards over time. Headquartered in the UAE, myZoi is a wholly owned subsidiary of Standard Chartered Bank and a fintech backed by SC Ventures – the Bank’s innovation, fintech investment and ventures arm.
About Apparel Group LLC
Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2200+ retail stores and 85+ brands on all platforms while employing over 22,000+ multicultural staff.
Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.
Apparel Group has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.
Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.
About SC Ventures
SC Ventures is a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models.
For more information, please visit www.scventures.io and follow SC Ventures on LinkedIn.
About Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn, Instagram and Facebook.
ITALIAFINTECH FORMS STRATEGIC PARTNERSHIP WITH THE DUBAI FINTECH SUMMIT
ItaliaFintech led by General Manager Camilla Cionini Visani, who is also the Italian Ambassador for the Dubai Fintech Summit, is pleased to announce a strategic partnership with the Dubai Fintech Summit. This alliance aims to promote financial innovation by fostering synergies between the Italian and global fintech ecosystems. The partnership is an important step in driving technological progress and promoting financial empowerment through innovative solutions, promising new opportunities and developments for stakeholders in both regions and strengthening the Italian fintech ecosystem in the MENA region.
The Global Fintech Alliance Names Its Board of Directors
The Global Fintech Alliance Names Its Board of Directors
- The founding members elected by vote to have a Chairman and Regional Board Members for Africa, Americas, Asia, and Europe.
- This alliance brings together over 100 countries under the European Digital Finance Association (EDFA), the FinTech Alliance Iberoamerica (FIA), the Africa FinTech Network (AFN), and Digital ASEAN & Digital Philippines & IDEA.
- The first General Assembly will take place in May during the Dubai FinTech Summit.
The Global Fintech Alliance (GFA) the world’s most extensive FinTech ecosystem, has named its board of directors as one important step after the first meeting of some of their founding members in Madrid (Spain). This groundbreaking alliance brings together over 100 countries and four major regional networks, including the European Digital Finance Association (EDFA), the FinTech Alliance Iberoamerica (FIA), the Africa FinTech Network (AFN), and Digital ASEAN & Digital Philippines & IDEA. In the short term more regions will be included.
Its primary aim is to connect the global digital finance industry, facilitating the globalization of businesses within the sector and the Financial Inclusion. By fostering collaboration across continents, the GFA strives to support the digital finance industry’s growth and innovation, making it a central hub for financial technology advancements globally. This global block of digital finance (fintech) business associations will be the counterpart for a wide diversity of stakeholders worldwide and the largest lab to test and implement validated policies, standards, and pathways of international cooperation.
The board of directors
Rodrigo García de la Cruz (https://www.linkedin.com/in/rodrigogarciadelacruz/) has been appointed as the Chairman of the GFA. He is also a founding member of the Global FinTech Alliance, Fintech Iberoamerica Alliance, the European FinTech Alliance, the Spanish Fintech and InsurTech Association, and the International Digital Economies Association (iDEA). Additionally, he is founder of Finnovating, a B2B Matching Platform connecting 30,000 tech companies from 160 countries.
Amor Maclang (https://www.linkedin.com/in/amor-maclang-59670a1/) will serve as the Board Member for Asia region in the GFA, representing Digital ASEAN, Digital Philippines, & IDEA. As a founding member of Digital Pilipinas and the International Digital Economies Association (iDEA), and as Founder and ChairFounder of Digital Pilipinas, she is a trailblazer in building digital ecosystems in ASEAN, committed to global digital connectivity.
Niklas Sandqvist (https://www.linkedin.com/in/sandqvist/) has been appointed as the Board Member for European region in the GFA. With an extensive background in the European industry, Niklas serves as co-Secretary General of the European Digital Finance Association and is recognized as a serial co-founder of various industry communities like Fintech Norway, Nordic Initiative and EDFA. His influence extends further through his involvement in various industry roles in Brussels.
Roberto Vargas (https://www.linkedin.com/in/robertovargasb/) will serve as the Board Member for Americas region in the Global FinTech Alliance, representing the Fintech Iberoamerica Alliance. He currently holds the position of President of the Fintech Iberoamerica Alliance and the Fintech Association of Peru, while also serving as CEO at Betriax. He is one of the promoters of GFA.
Segun Aina (https://www.linkedin.com/in/segunainalaw/) will serve as the Board Member for Africa Region in the Global FinTech Alliance, representing Africa Fintech Network. In the fintech space, he currently holds the position of President of Africa Fintech Network, Chairman of Board of Trustees at Fintech Association of Nigeria, Chairman of Fintech Associates Ltd and Chairman of the Board at Opolo Global Innovation.
General Assembly in Dubai in May
Following the inaugural meeting in Madrid this past February, attended by some of the founding members, the first general assembly of the GFA will convene in Dubai. This opportune timing coincides with the recent establishment of a global partnership with the Dubai FinTech Summit, scheduled for May 6th and 7th. Founding members of the GFA will not only have the chance to expand their membership base but also to network with other global leaders. This presents a unique opportunity to forge collaborative agreements with those who share a holistic vision of the fintech sector and digital finance.
About the Founding Members
Africa Fintech Network (AFN): AFN serves as a unifying platform for Africa’s fintech leaders, organizations, and stakeholders across over 40 countries, fostering innovation, advocacy, and coordinated regulatory interactions.
Digital ASEAN, Digital Philippines, & IDEA: Digital ASEAN and Digital Philippines champion technology as core advocacy tools, while IDEA unites industry leaders globally to shape a more connected and innovative digital landscape.
European Digital Finance Association (EDFA): EDFA advocates for innovative, affordable, and secure financial services across Europe, representing over 18 countries and thousands of members.
Ibero-American Fintech Alliance (FIA): Established in June 2017, FIA aims to advance fintech development globally, focusing on Latin America, the Caribbean and Spain, through initiatives promoting entrepreneurship, competitiveness, and financial inclusion across more than 18 countries.
By naming its board of directors and establishing strategic partnerships, the Global Fintech Alliance is poised to drive transformative change in the global digital finance landscape, fostering collaboration and innovation across borders.
More information: https://www.linkedin.com/company/global-fintech-alliance/?viewAsMember=true
Ajman Bank Appoints Adrian P.L. Hodges as Group Treasurer
Ajman Bank has announced the appointment of Mr. Adrian P.L. Hodges as the new Group Treasurer. With over three decades of robust experience in treasury and global markets, Mr. Hodges brings a wealth of expertise and a proven track record of strategic financial leadership to his new role. Prior to joining Ajman Bank, Mr. Hodges served as the Head of Global Markets Solutions at the Commercial Bank of Dubai, where he played a pivotal role in transforming the bank’s foreign exchange operations into a dynamic, solution-driven global markets service.
Making the announcement, Mr. Mustafa Al Khalfawi, Group CEO of Ajman Bank, stated, “Mr. Hodges’ appointment is a testament to Ajman Bank’s commitment to attracting top talent to foster our strategic objectives. His extensive experience and expertise will play a valuable role as we continue to enhance our financial services and client offerings in an ever-evolving banking landscape.”
Mr. Hodges said, “I am excited to join Ajman Bank and look forward to contributing to its distinguished trajectory in the financial sector. My focus will be on leveraging my global experience to enhance the treasury operations and to drive forward the bank’s strategic financial initiatives.”
Mr. Hodges’ career is distinguished by a robust track record of establishing client P&L businesses, leading organizational change, and achieving significant financial results within a precise vision and defined risk framework. Over the years, he has held many senior positions contributing to the success of several financial institutions such as President – Head of Structured Treasury Solutions, Abu Dhabi Commercial Bank; and Head Structuring & Sales, Treasury & Investments, National Bank of Dubai; among others.
Mr. Hodges holds a Bachelor’s degree in Economics from Southampton University in the United Kingdom and has enhanced his professional skills with several prominent certifications, including Strategic Asset-Liability Management from London Financial Studies and leadership training from INSEAD in Singapore. He continues to enhance his global experience with a hands-on approach that includes setting strategic agendas, regulatory compliance, and corporate governance, enriching his work and his new role at Ajman Bank.
Mr. Hodges is known for his dynamic personal qualities, ambition, and unique abilities in leadership, motivation, and team success, making him a successful and experienced leader amid the complexities and changes in today’s global financial markets.
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About Ajman Bank
Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.
Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate’s economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike. For more information visit http://www.ajmanbank.ae
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Managing Director
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