Dubai, Apr.8th,2006 (WAM) -- The British University in Dubai,one of the region's foremost research institutions, is to extendits work in the field of economics, following the appointmentof Dr. Kostas Giannopoulos as the head of the Institute of Financeand Banking.
A number of financial institutions in the region have expressedstrong interest in the research that will be conducted by theinstitute, including studies of the extension of Shariah-compliantfinance, the impact of new stock exchanges and the role of specialeconomic zones within Middle East markets.
Perhaps the most remarkable work of Giannopoulos has beenthe creation of the pioneering market risk model (Filtered HistoricalSimulation) that he developed in association with The LondonClearing House.
"Many international financial observers have noted that the MiddleEast's finance and banking sectors are undergoing perhaps themost interesting period of change and volatility yet recorded,"said Dr. Giannopoulos. "The British University in Dubai's Instituteof Finance and Banking hopes to serve as a prime focus for researchinto this rapidly-developing sector." The Institute of Finance and Banking at BUiD aims to help preparestudents for positions in banking, trading, treasuries, and riskmanagement, as well as enabling them to work in internationalfinance in both public and private institutions. "At BUiD, we are working hard to ensure that our Institute ofFinance and Banking provides the strongest possible insight intointernational economies and particularly the changing economicenvironment of the Middle East," said David Lock, BUiD's registrarand acting chief executive. "Dr. Giannopoulos' appointment adds significantly to the strengthof the institute and we look forward to excellent research beingconducted under his guidance," he added.
