Sheikh Maktoum bin Mohammed meets with State Street Global Advisors CEO in Dubai

Dubai (WAM)

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Center, met yesterday with Yi-Hsien Hong, President and CEO of State Street Global Advisors. , the global leader in… The field of financial consulting, investment and asset management.
At the beginning of the meeting, His Majesty welcomed the president of the international company, congratulating him on the opening of his new headquarters in Dubai, and praised the importance of this step. to strengthen the cooperative relations between Dubai and State Street Global Consultants, emphasizes. Dubai’s commitment to strengthen cooperation links and expand the circle of strategic partnerships with the most important companies and financial companies, while Dubai spares no effort in giving provide an environment that supports innovation and promotes business prosperity, always a 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 department.
She emphasized that the company’s decision to establish its headquarters in Dubai is a result of its willingness to expand the scope of its business in the region with its rapid growth rates, and its effort to more to find opportunities available in emerging and surrounding markets. .
In addition, the meeting discussed the most important objectives of the Dubai FinTech Summit, which kicked off yesterday (Monday) in Dubai by bringing together more than 8,000 financial sector leaders across the world and more than 1,500 investors and decision-makers in the same field, and what this poll shows. to be one of the most important global destinations that attract investments, with the emirate’s continuous effort to promote innovation and attract distinguished talents who are able to contribute to making it a global destination. The most important features of Dubai’s vision for the future of the financial sector and its willingness to lead it globally were reviewed, with a great balance of trust from the international investment community.
In addition to talking about the “Dubai D33 Economic Agenda” and its ambitious goals, the most important of which is to make Dubai among the four most important global financial centers by 2033, at the same time as the emirate’s effort to double the size of its financial markets and its stock exchange to 3 trillion dirhams, confirming its position as a major destination for investors and capital From different parts of the world.
His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, Issa Kazim, Governor of the Dubai International Financial Center, and Arif Amiri, CEO of the Dubai International Financial Center attended the meeting.
The biggest company
State Street Global Advisors is the first American firm and the largest in the world to manage exchange-traded funds (ETFs), with total assets under management of $4.13 trillion.