Departing CEO Fiona Reynolds tells AsianInvestor how she hopes that, within a five-year period, human rights will be as important as climate issues for most investors.
By acting as a depository participant, banks offer custodial services in the market for DFM-listed securities. These services include account management, protection of client assets, settlement of securities activity, handling post-trade issues, the collection and payment of dividends and interest, and the processing of corporate action activities in the market.
ôDepository participant services are an essential element in the process of securities investment, and we are keen to constantly keep abreast of the different segments of investorÆs needs,ö says Essa Kazim, chairman of DFM.
ôDFM seeks to provide more options for investors via a set of the best local and global banking institutions, and will work continuously to strengthen these services through cooperation with more such prestigious banks.ö
The Middle East region, however, has not been immune to the global credit crunch having seen steep declines in its stock markets in recent weeks and subsequent liquidity injections into its banking sector. Dubai officials maintain the region is prepared to call on domestic sources to finance economic growth.
The Dubai Financial Market is a domestic stock exchange which operates as a secondary market for trading of securities issued by public shareholding companies, bonds issued by the federal government or local governments and public institutions in the country and units of investment funds.
"The Dubai Financial Market has grown into a major bourse in the region during the past few years, in line with Dubai's steady evolution into the region's pre-eminent financial market. Providing direct custody and clearing services to the investors at DFM is an integral part of Citi's ambitious regional expansion plan,ö adds Mohammed Al-Shroogi, managing director for the Middle East and chief executive officer for Citi in the UAE.
Citi's global transaction services supports more than 65,000 clients across its global network. As of the third quarter of 2008, it held on average $273 billion in liability balances under administration, and almost $11.9 trillion in assets under custody and trust.
The NGO's election of a Japanese insurer board member promises to improve ESG stewardship in fixed income, plus bridge the gap between investors and policymakers.
Insto roundup: GPIF makes record cut to treasuries weighting; AustralianSuper to triple private debt investments
Omers to buy Indian renewable power producer; GPIF made record cut to treasuries weighting; AustralianSuper's private debt investments to hit A$15 billion by 2024; Hong Kong Exchange Fund's investment income recovers for H1 2021; China's securities regulator claims to seek closer cooperation with US; Allianz wins approval from Chinese regulators to launch asset management firm; and more
Non-deliverable forwards are now at the forefront of mind for investors in the region after the pandemic, despite some regulatory concerns.
Future Fund internally appoints deputy CIO for portfolio strategy; CPPIB promotes Suyi Kim to run global private equity; NPS extends CIO term for second time; Willis Towers Watson appoints Australian investments head; Knight Frank promotes Apac director to run global capital strategies; Natixis Investment Managers names head of distribution for Emea.