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UAE: Abu Dhabi Global Market creates financial services talent hub

Source: Middle East Insurance Review | Jun 2017

Abu Dhabi Global Market (ADGM) has created a new talent hub in the emirate specifically for financial services. This initiative is aligned to the strategic objectives and lifestyle of the international financial centre with a clear vision of positioning Abu Dhabi as a regional centre of excellence for financial services talent development. 
 
   ADGM said in a statement that the talent hub promotes professional excellence by enhancing knowledge, standards, compliance, ethics and innovation in financial services.
 
   “We believe that the collaboration and cooperation of all Abu Dhabi financial institutions and clients is paramount for the success of this initiative,” the statement said.
 
   ADGM Talent Hub is pillared on four components. The key component of the initiative includes attracting and working with leading academic and professional institutions. International business schools and professional institutions are able to set up their offices and presence on Al Maryah Island, providing financial-related programmes, while certification providers ensure access to continuous professional development for financial services in the region.
 
   ADGM has already sealed an MoU with the prestigious New York University, and is currently in advanced discussions with a number of leading academic and professional institutions as it works toward creating successful programmes.
 
   In partnership with national and international financial institutions, and as a key to creating a knowledge-based economy, ADGM’s board also approved the establishment of its own state-of-the-art learning academy. Based on Al Maryah Island, the academy will offer training and development opportunities for financial services professionals, in areas such as professional continuing development, leadership, soft skills, as well as technical skills. 
 
   Simultaneously, ADGM has started hosting several programmes and events since the start of this year.
 
   Other components of the ADGM 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 programme 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.
 
   Since ADGM became operational, it has worked closely with local and international stakeholders to understand and help to support their own ambitions and needs – particularly regarding innovation in the sector.
 
   The development of the talent hub initiative is a strategic requirement in direct response to the needs of the financial community in Abu Dhabi, as the development of talent is essential for the success of ADGM, the statement said. M 
 
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