ADX Chief Executive Meets London Stock Exchange Officials
Faizan Hashmi Published May 25, 2019 | 09:30 PM
As part of the Abu Dhabi Securities Exchange’s, ADX, strategy aimed at bolstering its leading position in the region and extending its cooperation with global financial markets, Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, met senior officials at the London Stock Exchange,LSE, recently
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 25th May, 2019) As part of the Abu Dhabi Securities Exchange’s, ADX, strategy aimed at bolstering its leading position in the region and extending its cooperation with global financial markets, Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, met senior officials at the London Stock Exchange,LSE, recently. The meeting was part of the ADX delegation’s visit to the British capital. As part of the trip, the ADX delegation also participated in the MSCI Annual Global Investing Conference and workshops and visited iov42 Limited. The latter specialises in financial technology solutions and applications related to Blockchain.
During his visit to the LSE, Al Mansouri held several meetings, including one with Nigel Ratti, Chief Executive of London Stock Exchange, during which he discussed the prospects of cooperation between ADX and the LSE. He also met Gary Rynhoud, Director, FTSE Russell MEA. As part of the meeting, they discussed joint business opportunities for indices and market data.
Also during the visit, Al Mansouri met Charlie Walker, Head of Primary Markets LSE; Martina Garcia, Head of Emerging Markets Strategy, LSE; Gokul Mani, Head of Primary Markets in the Africa, middle East, India, LSEG & Team; and Umerah Akram, Head of Elite Growth UK & Licensing LSE. They deliberated the possibilities of cross listings on the financial markets and more.
Commenting on the visit, Al Mansouri stressed the importance of opening channels of communication and cooperation between ADX and major international stock exchanges and promoting the Exchange as a preferred destination for listing and trading in the region. He said: "This, and our other global visits underscore ADX's international presence and our commitment to implement Abu Dhabi’s Economic Vision to foster sustainable economic development by enhancing the financial services sector in the emirate and providing a competitive business environment that attracts foreign investment.
"
He participated in the MSCI Annual Global Investing Conference and workshops, which took place in London with a group of investment leaders and officials. Discussed at the meeting were sustainable investments, the importance of detailed financial reports that align with the principles of transparency and the requirements of stakeholders. The conference highlighted the long-term risk to investments and the need to provide new sources of data to maintain the competitiveness of those investments.
Al Mansouri also visited iov42, which specialises in fintech solutions and Blockchain. Iov42 gave an overview on its global identity-centric blockchain operating platform, and its unique architecture and capabilities. The two parties discussed the possibility of enhancing their relations further in fields of identity management and verification technology, as well as using tokenization to protect digital assets, enhance efficiency, liquidity, while reducing cost. Virtually all other types of traditional assets can be traded after being tokenised.
Al Mansouri added: "ADX continues to enhance its infrastructure by embracing modern technology solutions that are a key attraction for both companies and investors. We proactively participate in various international forums and meetings to learn about the latest international developments in this field, and assess ways to apply them to enhance ADX’s leading position in the region."
The Abu Dhabi Securities Exchange is one of the preferred markets for British investors in the region. The number of British investors in ADX by the end of the first quarter of 2019 reached 3,052 investors of which 922 are institutional investors whereas 2,130 are individuals. Furthermore, the total trading value of British investors, Buy + Sell, reached AED3 billion during the first quarter of 2019 while their net investment reached AED 860 million thus representing the highest net investment among foreign investors during the first quarter of the current year.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago