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Abu Dhabi: Al Hilal Bank and Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, have signed a Memorandum of Understanding (MoU) to develop a strategic collaboration between ADGM Academy and Al Hilal Bank. The signing ceremony took place on Monday, April 16th 2018 at the ADGM Academy, located on Al Maryah Island. It was attended by H.E. Ahmed Ali Al Sayegh, Chairman of ADGM and H.E Khalaf Abdulla Rahma Al Hammadi, Vice Chairman of Al Hilal Bank.
The MoU focuses on the utilization of ADGM Academy, the newly established financial educational centre. It will allow Al Hilal Bank and ADGM Academy to collaborate on knowledge based initiatives. The MoU provides Al Hilal Bank with The Academy’s network of trainers, internationally renowned curriculum and ADGM’s business ecosystem, with the aim of strengthening training and development of the banking and finance sector of Abu Dhabi and the UAE.
H.E Ahmed Ali Sayegh, Chairman of ADGM remarked: “The field of finance is moving at such an incredible pace it makes educational development in the sector on-going, multi-faceted and necessary. ADGM is committed to collaborating with Al Hilal Bank to support initiatives to further the financial training, research and education of their employees with our recently launched state-of-the-art ADGM Academy.”
H.E Khalaf Abdulla Rahma Al Hammadi, Vice Chairman of Al Hilal Bank commented: "We are delighted to collaborate with Abu Dhabi Global Market to promote it as a global financial center, and an effective contributor to the international financial services industry. This comes in line with Al Hilal Bank’s keenness to combine knowledge, experience and best practice in the finance field to assist market development. We extend our thanks to ADGM for supporting the development of our team.”
The strategic partnership with ADGM will be a key enabler for Al Hilal Bank’s employee development and Emiratisation strategies. Together, ADGM and Al Hilal Bank can support UAE nationals towards a clear career path within the banking and finance sector of the UAE.
Sultan Al Mahmood, Senior Managing Director and Chief Human Resources Officer at Al Hilal Bank added: “This partnership represents a unique learning and development opportunity for our employees to develop a best practice financial education in banking, in addition to enhancing the platform for knowledge sharing amongst other UAE based banking professionals.”
The signing of the MoU will assist in attaining mutually beneficial goals and build solid ties between Al Hilal bank and ADGM. Both parties are committed to providing an environment for the exchange of views and expertise in the areas of finance and banking.
On this occasion, Mr. Hamad Al Mazrouei, Managing Director of ADGM Academy and Director of Human Resources and General Service of ADGM stated that, “Through our community of stakeholders, we understand the importance of developing a competent skilled work force in the financial sector as an important enabler for any economic growth. We strongly believe that through this partnership, we will help cultivate a highly-skilled workforce, and ensure Abu Dhabi is an attractive destination to pursue a career in finance. ADGM Academy and Al Hilal Bank have been working very closely to design, develop and deploy financial learning and development regimes which will give both trainer and trainee unique educational experiences through ADGM Academy.”
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About Al Hilal Bank
One of the fastest growing banks in the UAE, Al Hilal Bank is a fully government-owned progressive Islamic bank headquartered in Abu Dhabi, under the Abu Dhabi Investment Council (ADIC). With authorized capital of AED4 billion, operating in the UAE and in Kazakhstan. Through the help of 1,300 staff members, the Bank provides Shariah-compliant Personal, Wholesale and Treasury banking services and manages the Al Hilal Global Balanced Fund, Global Sukuk Fund and the GCC Equity Fund. The Al Hilal Bank Global Sukuk was awarded the prestigious Lipper Fund Award for 2017 by Thomson Reuters, recognizing it as the “Best Fund over 3 years” in the Global Islamic Banking category. The bank was also recognized as the Safest Islamic Financial Institution in the GCC by Global Finance in 2016 and 2017, and attained an A2 Moody’s and A+ Fitch credit rating
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.
For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linked : ADGM
For more information Kindly contact:
Afra AL Rashdi
Senior Manager – PR and media
Tel:00971561777288
© Press Release 2018
