SCA, UBF join hands to boost asset management industry

SCA, UBF join hands to boost asset management industry

Local News, Uncategorized















ABU DHABI / WAM

The Securities and Commodities Authority (SCA) signed a memorandum of understanding (MoU) with the UAE Banks Federation (UBF) to foster mutual cooperation in developing the financial sector, establishing the UAE as a major attraction for asset and wealth management in line with the government’s aspirations for the next fifty years, and ensuring the sustainable growth of the national economy.

The MoU was signed between Dr Maryam Butti Al Suwaidi, Chief Executive Officer of the SCA, and Jamal Saleh, Director-General of the UBF, in the presence of officials from the two sides.

“As changes accelerate, new features of an unprecedented world are being created. We aspire to make the UAE a major global hub for asset and wealth management. Cooperation between the government and the private sector is vital, and therefore we are committed to partnering and collaborating with all entities that help us realise our vision. To this end, the Securities and Commodities Authority has been keen to coordinate and cooperate with the UAE Banks Federation to provide the infrastructure and legislation needed for a flexible environment that attracts foreign businesses and,