His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, met with Andrew Lee, Chairman of Financial institution of Singapore and Group Chairman of Oversea-Chinese language Banking Company (OCBC).
The assembly reviewed cooperation with Financial institution of Singapore, a number one personal financial institution and the devoted personal banking arm of OCBC Financial institution, one of many largest monetary establishments in Southeast Asia. Discussions highlighted the financial institution’s rising ties with Dubai following its institution within the Dubai Worldwide Monetary Centre (DIFC) in 2016, in addition to its imaginative and prescient for increasing operations within the area from Dubai. The emirate’s superior monetary infrastructure and in depth help for monetary establishments have bolstered its place as a number one international hub for finance and enterprise.
The assembly highlighted Dubai’s dedication to enhancing cooperation with main international monetary establishments, reinforcing its standing as a trusted enterprise hub. It additionally mentioned the emirate’s modern monetary insurance policies that help sustainable development and the position of banks in financing strategic initiatives and advancing monetary expertise.
The discussions additional explored the incentives and benefits supplied by the UAE and Dubai to monetary establishments, together with world-class infrastructure and a sturdy regulatory framework that ensures an optimum surroundings for companies to succeed.
The assembly was attended by His Excellency Helal Saeed Al Marri, Director Common of Dubai’s Division of Financial system and Tourism; His Excellency Essa Kazim, Governor of DIFC; Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD; Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers; and Arif Amiri, CEO of DIFC Authority.
Financial institution of Singapore is a number one personal financial institution specialising in wealth administration options, with belongings beneath administration growing from $20 billion in 2010 to $116 billion as of September 2023. The financial institution affords a complete vary of monetary companies, together with funding advisory, wealth planning, and belief options
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