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Abu Dhabi Global Market appoints new chief advisor

ABU DHABI, December 17, 2014

Abu Dhabi Global Market (ADGM), a leading financial centre in the emirate, has appointed Sir Hector Sants as its chief advisor effective immediately.

Sir Sants will be advising the chairman of ADGM, the chief executive officer of ADGM Regulator and senior members of the ADGM team, said a statement.

He will apply his expertise and provide advice to ADGM on various areas of business including formulation of its regulatory strategy, framework and rules, the provision of strategic guidance and input on ADGM’s overall development including policies, human capital build out and business development as well as engagement of key institutions.

Ahmed Ali Al Sayegh, chairman of ADGM, said: “We are pleased to welcome Sir Hector to Abu Dhabi Global Market as our chief advisor.  His understanding and experience of financial services are unrivalled and his advice and involvement at this stage will be invaluable in helping us towards the achievement of our ambition for ADGM.  

“Sir Hector’s guidance will be instrumental in ensuring that ADGM develops as a truly global international financial centre supported by regulations, laws, practices and a highly qualified and seasoned team that meet the highest standards in the world.”

Sir Sants will serve in the position until mid-2015, when he will become vice-chairman of Oliver Wyman, the international management consultancy, at which point his on-going involvement with ADGM may be extended if required and agreeable to both parties. - TradeArabia News Service




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