Maktoum bin Mohammed meets the president of the company "State Street Global Advisors"
DUBAI, 7 MAY / WAM / His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, President of the Dubai International Financial Centre, met today (Tuesday) Yi-Hsien Hong, President and CEO of State. Street Global Advisors, the global leader in financial advisory, investment and asset management.
At the beginning of the meeting, His Highness welcomed the president of the international company, congratulating it on the opening of its new headquarters in Dubai, and praised the importance of this step in strengthening the cooperation relations between Dubai and State Street Global Advisors, stressing Dubai’s commitment to strengthening the bonds of cooperation and expanding the circle of strategic partnerships with the most important institutions and companies. Global Finance, while Dubai spares no effort in providing an environment that supports innovation and stimulates business prosperity to always be the preferred destination for investment, consulting, financial technology and innovation companies, as well as creative talents in the field of financial services.
For her part, Yi-Hsien Hong expressed her appreciation for the inspiring model that Dubai presents in various areas of sustainable development, praising the great development it has achieved as a major financial and business center in the region.
She stressed that the company’s decision to establish its headquarters in Dubai comes in light of its keenness to expand the scope of its business in the region with its rapid growth rates, and its endeavor to discover more growing opportunities available in its emerging markets and surrounding markets.
In addition, the meeting discussed the most important goals of the Dubai FinTech Summit, which began yesterday (Monday) in Dubai by bringing together more than 8,000 financial sector leaders around the world and more than 1,500 investors and decision makers in the same field, and what this turnout reflects. Al-Kabir is keen to participate in the growing global interest in the growth opportunities offered by the UAE and the investment-supportive environment that Dubai has created over many years in which it has gained the trust of the investor community and become one of the most important global destinations attracting investments, with the emirate’s continuous endeavor to encourage innovation and attract distinguished talents capable of contributing to making it a global destination. A major center and a pivotal starting point for efforts to develop the global financial sector.
The most important features of Dubai’s vision for the future of the financial sector and its keenness to lead it globally, with a large balance of trust from the international investment community, were reviewed.
In addition to discussing the “Dubai Economic Agenda D33” and its ambitious goals, the most important of which is making Dubai among the four most important global financial centers by 2033, in parallel with the emirate’s endeavor to double the size of its financial markets and stock exchange to 3 trillion dirhams, confirming its position as a major destination for investors and capital from… Various parts of the world.
The meeting was attended by His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, and Arif Amiri, CEO of the Dubai International Financial Centre.
It is noteworthy that State Street Global Advisors is the first American company and the largest in the world in the field of managing exchange-traded funds (ETFs), with the total assets it manages amounting to $4.13 trillion.
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