ADGM to create financial services talent hub

ABU DHABI / Agencies

Abu Dhabi Global Market (ADGM) the international financial Centre, has announced the creation of a new Talent Hub in Abu Dhabi specifically for financial services, to position Abu Dhabi as a regional centre of excellence for financial services talent development.
The initiative aims to increase access to and development of human capital in finance sector. The Talent Hub will promote professional excellence by enhancing knowledge, standards, compliance, ethics and innovation in financial services, as Abu Dhabi establishes itself as a regional center of excellence for talent development within the sector.
The Talent Hub has four components. The key component of the initiative includes attracting and working with leading academic and professional institutions to be part of this journey and to establish a presence in Al Maryah Island. International business schools and professional institutions will be able to set up offices and presence, in the Island, providing financial related programmes, while certification providers will ensure access to continuous professional development for financial services in the region.
Other components of the Talent Hub include the formation of a research and endowment committee to commission and publish economic research relevant to the region, as well as an ongoing progr- amme of seminars, workshops and conferences, to build knowledge across the industry, and position Abu Dhabi competitively within a global economy. To date, several well-attended events have been hosted as part of the seminar programme, with the next scheduled in early May, run by an international banking group.
Commenting on the initiative, Ahmed Al Sayegh, Chairman of ADGM said, “The financial sector is an important enabler of economic growth, not only for Abu Dhabi, but for the UAE and the wider region. It is an enabler of innovation, and we recognise that we must also innovate within the industry. For this reason, it is imperative that we provide the necessary tools and resources for professionals, to ensure that we are not only responding to change, but driving it. By expanding our professional development offering on Al Maryah Island, we will help to cultivate a highly-skilled workforce, and ensure Abu Dhabi is an attractive destination to pursue a career in finance.”
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths – private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.