DIFC Governor hosts President of Barclays PLCPress Release 06 Mar 2007 04:12 pm
- Acknowledges Barclays’ leading position in the financial services industry
- Underlines DIFC’s aim to playing a role in its ongoing success
His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), today welcomed Robert E Diamond Jnr, President of Barclays PLC. Excellency Dr. Omar Bin Sulaiman said he will acknowledge the leading position Barclays has built and maintains in the global financial services industry, and will discuss the growing influence the DIFC is playing within that community. He will also stress the DIFC’s ambition to be integral to the ongoing success of Barclays as an international financial services leader.
Commenting on the visit by Mr Diamond, His Excellency Dr. Omar Bin Sulaiman, said, ”Over the past 300 years Barclays has built a solid leadership role in the global financial services sector and DIFC is proud to be part of that story. In hosting Barclays’ investment banking, investment management and its recently expanded private banking operations in the Middle East, DIFC is committed to ensuring the bank enjoys the right regulatory, legal and operational framework to contribute to its ongoing success as a world leader.”
As the Middle East continues to develop at such as strong pace, the DIFC, located in between the time zones of Europe and Asia, is becoming an increasingly important financial centre for global companies like Barclays to locate and build their regional base. We are proud to play host to businesses like Barclays and look forward to playing a role in the future development of the financial services industry in the global market.
Dr. Omar Bin Sulaiman also paid a personal tribute to Mr Diamond, who he said has been a leading figure in the financial services industry since he started his career in the industry in the 1970s. Having spent over ten years at Barclays he has been central to the bank achieving its status as a world leader.