HSBC has opened a branch in Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, after being granted a licence by the Financial Services Regulatory Authority (FSRA) of ADGM. Abdulfattah Sharaf, Group General Manager, Chief Executive Officer, UAE & Head of International, HSBC Bank Middle East Limited, said: “The UAE is one of HSBC Group’s eight scale markets, alongside Hong Kong and the United Kingdom, where we are investing to fulfil our growth ambitions and being present in ADGM’s vibrant financial services ecosystem will enhance HSBC’s ability to serve clients in Abu Dhabi.”Richard Teng, CEO of the Financial Services Regulatory Authority of ADGM, said: “We welcome HSBC to the ADGM’s expanding portfolio of financial institutions and investment community. As an IFC, we provide a dynamic, innovative and comprehensive ecosystem that enables local and global businesses to better serve their customers, and be even closer to growth opportunities. We look forward to HSBC sharing new expertise and adding more financing and investment activities to the marketplace.”Advertisement

Source: The North Africa Journal April 03, 2019 09:56 UTC