ICDOpens Dubai Office Launching First Money Market Fund Trading And Risk Management Operations In The Middle East
Dubai is the latest in a series of successes for ICD,the trading and risk management company that specializes in people, products and processes for corporate treasury. In 2003, ICD launched one of the original MMF trading portals in the United States. In 2005, ICDlaunched the first portal in the European market with the opening of trade desks and sales offices in London under England’s Financial Services Authority by 2010. ICD is the only web-based, cash-trading portal in Canada with securities registrations in Ontario, British Columbia, Quebec and Alberta.Of note, ICD was also first-to-market with thecategory-defining money market fund exposure analytics application, Transparency Plus® in July 2010.
ICD’s new strategic UAE base is managed by ICD’s EVP, John Bennie, who most recently led ICD’sEuropean business development and the company’s Global Trade Desk inLondon. Ed Baldry, ICD’s CEO Europe commented, “John Bennie has developed excellent relationships in the Middle East market place over recent years. We are excited about his completecommitmentto the region,” continued Baldry, “This is where we expect great future growthin money market funds and ICD is focused onfacilitating the expansion.”
Speaking on the need for a new head office building, Abdul Aziz AL Balushi, Chief Executive officer, ahlibank said "ahlibank growth strategy in Oman hinges on three pillars: people, technology and infrastructure. As the Bank has grown over the years, we have tried to employ, nurture and partner with some of the finest Omani talent in the country. We believe that our Technology orientation has also been amongst the best in the region, as we believe, technology allows us to build and offer a truly differentiated banking experience to our customers. Our third pillar of growth is infrastructure - and this is what we hope to address through our move to a new head office building, that is custom-designed to substantially improve efficiencies and reduce administrative expenses."
Ali Said Ali, AGM – Asset Management and Private Banking, said: “BankMuscat Asset Management is honored to win the award which endorses the performance of various funds under its mandate and also the ability of the fund manager, proven in challenging situations. This reflects the consistency of performance of the funds and the strategies adopted BankMuscat Asset Management which has cemented its reputation in a very tough market.”
Ali Said Ali added: “BankMuscat enjoys proven expertise in asset management. The Bank’s performance has been lauded by the global banking community for several years and we are delighted to receive yet another prestigious endorsement from Global Investor. A keen perception of customer requirements enables the Bank to remain focused on developing products and services in line with the current and emerging needs.”
A festive mood prevailed at the park as the participants united in the walk for healthy living and to make a difference in the lives of people across the world. Present on the occasion were senior government and private sector representatives. The celebration included entertainment and attractive prizes to the public participating in the walk.
Adding to the festivities, BankMuscat also hosted al Mazyona draws for monthly, weekly and Children’s Account winners. HH Sayyid Taimur bin Assad bin Tariq Al Said picked the two lucky monthly winners who received RO 20,000 each. The lucky 12 weekly winners covering all regions of Oman received RO 2,000 each.
London, 12 December 2011 – The Board of Directors (the “Board”) of Standard Chartered PLC (the “Company”) today announces that V. Shankar (“Shankar”) has been appointed Group Executive Director of the Company with effect from 1 January 2012.
Shankar (53), a Singaporean, will continue to be based in Dubai, where he moved in May 2010 to become CEO, Europe, Middle East, Africa and Americas.
He joined Standard Chartered in 2001 and was appointed to the Group Management Committee in September 2007. He is also a Director of Standard Chartered Bank and Chairman of Principal Finance and the Standard Chartered Private Bank. Prior to his current position, he was Group Head of Origination and Client Coverage and served as Group Head of Corporate Finance. Before joining Standard Chartered, Shankar worked for Bank of America in Asia and the USA for 19 years.
MUSCAT, 11 December 2011 – BankMuscat, through its Asset Management department, one of the leading fund managers in the GCC region, recently launched the BM S&P GCC Large Cap Index Fund (BankMuscat Standard & Poor’s Large Cap Index Fund), an index tracking fund directed at institutional investors aiming to tap into the attractive growth potential of the GCC region markets.
12th December 2011 Muscat, BankDhofar announced the winners of its Al Heson R.O. 10,000 weekly prize as well as winners from the exclusive ladies and Mazin and Mazoon children’s account, with a prize win of RO 5,000 each. The draw was held at the Bank’s Kamil Wafi Branch under the auspices of Mr. Rashid Wani Hudaib Al Hashmi, member of the Shura Council.
MUSCAT, 11 December 2011 – BankMuscat, the leading financial services provider in the Sultanate, has notched another distinction, winning for the ninth time the ‘Bank of the Year – Oman 2011’ award by The Banker (Financial Times, London). Reckoned the most prestigious global banking award, the 12th annual Banker awards were hotly contested by the world’s leading financial institutions.
MUSCAT, 10 December 2011– BankMuscat, the leading financial services provider in the Sultanate, and the Financial Intelligence Unit of Royal Oman Police (ROP) hosted a seminar on Anti-Money Laundering and Combating Terrorist Financing at the Bank’s head office.
- Muscat Securities Market Monthly Report
- Oman Private Deposits at Commercial Banks.
- BankMuscat hosts Oman Sail female sailors preparing for Sailing Arabia – The Tour
- HSBC ECONOMISTS TO PRESENT GLOBAL AND REGIONAL ECONOMIC OUTLOOK IN MUSCAT
- BankMuscat supports healthy lifestyle as Oman to mark World Walking Day on Dec 12
Page 155 of 213