Latest news with #JamalAlKishi
Fintech News ME
26-05-2025
- Business
- Fintech News ME
Deutsche Bank Secures ADGM License to Expand UAE Operations
Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This authorisation enables the bank to conduct a range of regulated activities within the international financial centre. The license allows Deutsche Bank to carry out activities under the Financial Services and Markets Regulations 2015 (FSMR), specifically: arranging deals in investments, arranging credit, and advising on investments or credit. The development marks an expansion of the bank's presence in the United Arab Emirates (UAE), where it has operated for over 25 years. The bank first opened a representative office in Abu Dhabi in 1999, and now maintains four legal entities in the country, including the newly licensed ADGM branch. Deutsche Bank provides a range of services across investment banking, corporate banking, and wealth management in the UAE. Jean-Pierre Habis has been appointed Senior Manager for the ADGM branch. In this role, he will oversee key aspects of the bank's regulated business and support the delivery of financial services tailored to client needs. According to Jamal Al Kishi, Chief Executive Officer for Middle East and Africa, 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. It improves our ability to deliver on our Hausbank promise, to serve as a trusted partner to clients wherever they operate.'
Yahoo
23-05-2025
- Business
- Yahoo
Deutsche Bank bolsters UAE foothold with ADGM licence
Deutsche Bank has secured a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to perform essential regulated activities within the international financial hub. The licence enables Deutsche Bank to engage in various regulated activities as outlined in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit. This development is in line with Deutsche Bank's strategy to enhance its operations in the UAE. The bank aims to align its efforts with its global Hausbank strategy, which focuses on being a reliable partner to clients by providing integrated financial solutions that meet their changing needs across different markets and sectors. Deutsche Bank Middle East and Africa CEO Jamal Al Kishi said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Jean-Pierre Habis has been named senior manager for the new ADGM branch, with responsibility for managing key aspects of the bank's regulated business activities and assisting in the delivery of customised financial solutions to clients. The ADGM licence aligns with Deutsche Bank's goal of linking global capital with regional opportunities, stated the German lender. It also contributes to the economic transformation of the region, in line with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank currently provides services in investment banking, corporate banking, and wealth management in the region. Recently, Coller Capital partnered with Deutsche Bank to offer its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select EMEA countries. "Deutsche Bank bolsters UAE foothold with ADGM licence" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
21-05-2025
- Business
- Zawya
Deutsche Bank secures ADGM license, expanding presence in UAE
Deutsche Bank has secured a license to operate in the Abu Dhabi Global Market (ADGM) the city's financial center, and home to multiple sovereign wealth funds. Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch, Deutsche Bank said in a statement. The license allows the bank to engage in arranging, and advising on investment and credit deals. Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East and Africa (MEA) said: 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. Banks, along with hedge funds, private equity firms, and asset managers have in recent years been making a beeline to the city which has been dubbed 'the capital of capital.' Global names such as BlackRock, Polen Capital, PGIM, Nuveen, General Atlantic, Lone Star Funds, Investindustrial, Marshall Wace, AXA IM, Eiffel Investment ME, GQG Partners, SS&C Financial Services and Morgan Stanley set up in Abu Dhabi last year. (Writing by Brinda Darasha; editing by Daniel Luiz)
Mid East Info
17-02-2025
- Business
- Mid East Info
Engaging Discussions with Industry Insights on Distressed Debt Markets and Cross-Border Restructurings at 3rd Annual Financial Restructuring MENA Conference
Abu Dhabi, UAE – The first day of the 3rd Annual Financial Restructuring MENA Conference concluded with significant insights and strategies discussed at the ADGM Auditorium in Abu Dhabi. With the theme 'From distress to financial resilience: Keys to successful business turnarounds,' the event addressed the critical challenges faced by financial restructuring professionals amid rising corporate insolvencies in the MENA region. The conference began with opening address from the host partner Abu Dhabi Global Market (ADGM) followed by Saudi Arabia's bankruptcy regulator, EISAR. A series of in-depth discussions ensued, starting with a fire-side chat on MENA's evolving insolvency regimes and bankruptcy regulations, moderated by Hadef & Partners, and joined by UAE Ministry of Justice, Deloitte & Salem Ballama Auditing of Accounts. The morning session came to full swing with an exclusive CEO panel, joined by Jamal Al Kishi, CEO – MEA, Deutsche Bank AG and hosted by H.E. Omar Saif Ghobash. Ankura led a pivotal panel on MENA's NPL situation, exploring the impact of sustained interest rate hikes and sharing best practices for maintaining healthy special assets portfolios. This was followed by a robust discussion on mastering complex corporate restructurings, moderated by Reed Smith with panelists discussing strategies for negotiating multi-billion-dollar debt portfolios and managing legal complexities. The morning sessions further featured a live restructuring clinic, providing a platform for real-time problem-solving with experts including Balaji Natarajan, Mike Grant and Bruno Navarro. There were intensive discussions on the opportunities within MENA's distressed debt sales market hosted by White & Case, and joined by industry veterans from A&M, SAB, DK & Al Tamimi. The afternoon featured a series of high-level discussions addressing critical challenges in financial restructuring across different sectors and jurisdictions. One of the key sessions explored lessons learned from the restructuring of Queen Alia International Airport, offering a lender's perspective on navigating complex infrastructure financing and debt restructuring. Another session addressed restructuring of unfunded facilities, diving into key challenges related to unfunded liabilities, corporate guarantees, and unsecured debts. Experts shared insights on legal strategies for handling such obligations and discussed the evolving role of bankruptcy trustees. Sessions covered complex cross-border restructurings examined the intricacies of managing debt restructuring across multiple jurisdictions and highlighted the role of debt traders and secondary market participants in large-scale restructuring cases. The day concluded with closing remarks by Bruno Navarro, reflecting on the wealth of knowledge shared and the collaborative spirit of the conference. The insights gained on the first day set a constructive tone for the ongoing discussions aimed at transforming financial distress into resilience and growth. The 3rd Annual Financial Restructuring MENA Conference continues tomorrow with more insightful discussions and networking opportunities.
Zawya
17-02-2025
- Business
- Zawya
Engaging Discussions with industry insights on distressed debt markets and cross-border restructurings at 3rd annual financial restructuring MENA conference
Abu Dhabi, UAE – The first day of the 3rd Annual Financial Restructuring MENA Conference concluded with significant insights and strategies discussed at the ADGM Auditorium in Abu Dhabi. With the theme "From distress to financial resilience: Keys to successful business turnarounds," the event addressed the critical challenges faced by financial restructuring professionals amid rising corporate insolvencies in the MENA region. The conference began with opening address from the host partner Abu Dhabi Global Market (ADGM) followed by Saudi Arabia's bankruptcy regulator, EISAR. A series of in-depth discussions ensued, starting with a fire-side chat on MENA's evolving insolvency regimes and bankruptcy regulations, moderated by Hadef & Partners, and joined by UAE Ministry of Justice, Deloitte & Salem Ballama Auditing of Accounts. The morning session came to full swing with an exclusive CEO panel, joined by Jamal Al Kishi, CEO – MEA, Deutsche Bank AG and hosted by H.E. Omar Saif Ghobash. Ankura led a pivotal panel on MENA's NPL situation, exploring the impact of sustained interest rate hikes and sharing best practices for maintaining healthy special assets portfolios. This was followed by a robust discussion on mastering complex corporate restructurings, moderated by Reed Smith with panelists discussing strategies for negotiating multi-billion-dollar debt portfolios and managing legal complexities. The morning sessions further featured a live restructuring clinic, providing a platform for real-time problem-solving with experts including Balaji Natarajan, Mike Grant and Bruno Navarro. There were intensive discussions on the opportunities within MENA's distressed debt sales market hosted by White & Case, and joined by industry veterans from A&M, SAB, DK & Al Tamimi. The afternoon featured a series of high-level discussions addressing critical challenges in financial restructuring across different sectors and jurisdictions. One of the key sessions explored lessons learned from the restructuring of Queen Alia International Airport, offering a lender's perspective on navigating complex infrastructure financing and debt restructuring. Another session addressed restructuring of unfunded facilities, diving into key challenges related to unfunded liabilities, corporate guarantees, and unsecured debts. Experts shared insights on legal strategies for handling such obligations and discussed the evolving role of bankruptcy trustees. Sessions covered complex cross-border restructurings examined the intricacies of managing debt restructuring across multiple jurisdictions and highlighted the role of debt traders and secondary market participants in large-scale restructuring cases. The day concluded with closing remarks by Bruno Navarro, reflecting on the wealth of knowledge shared and the collaborative spirit of the conference. The insights gained on the first day set a constructive tone for the ongoing discussions aimed at transforming financial distress into resilience and growth. The 3rd Annual Financial Restructuring MENA Conference continues tomorrow with more insightful discussions and networking opportunities.
