DIFC Director General addressed US Fund Management community at 'Linklaters Seminar'

  • Dr Omar Bin Sulaiman gave a broad presentation on opportunity for US Fund Managers
  • Essam Al Tamimi has spoken, on UAE legal environment
  • Kevin Birkett , Asset & Fund Management Director, has given an overview on DIFC, DIFX and regulatory issues

Dr Omar Bin Sulaiman, Director General of the Dubai International Financial Centre (DIFC), addressed US Fund Management industry leaders in New York at the prestigious ‘Linklaters Seminar’.

Top international law firm, Linklaters, has been a staunch supporter of the initiatives of the DIFC and had hosted DIFC executives at a similar event held in London last year, chaired by the Lord Mayor of London.

Also speaking at this event were Essam Al Tamimi, from Al Tamimi Legal Consultants and Kevin Birkett, DIFC’s Director of Asset & Fund Management.

Firstly I would like to extend warm thanks, to our hosts, Linklaters, in providing us with this platform to address this audience,” said Dr Omar Bin Sulaiman. “The financial services community in the United States has a long and fruitful track record of doing business with the Gulf States and I am pleased to be able to explain how that legacy can be enhanced by the greater access to Middle East markets the DIFC will provide.

Of course, regulatory independence, legal certainty and an environment based on that of the world’s great capital markets can only add to the obvious opportunity the DIFC provides the US Fund Management Industry.”

Kevin Birkett added,

“The DIFC and, from September 2005, the Dubai International Financial Exchange (DIFX), will act as both a conduit for Fund Managers from the West to share in the success of Middle Eastern activity and also for local investors to invest in the established capital markets of New York, London and Tokyo.

The recent licensing by the DFSA of US Fund Managers such as Mellon Global Investments and Franklin Templeton demonstrates that this is a message that is increasingly getting through to the US business community and we are grateful to Linklaters for affording us this opportunity to develop these themes with this gathering of senior Fund Managers.”

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