Bahrain Asset Managers to host roundtable discussion

Manama:The Bahrain Asset Managers Association (BAMA) yesterday announced that it would host a high level panel discussion on March 29, 2016 on “Special Purpose Vehicles (SPV) and Corporate Entities Component in Investment Banking & Asset Management”.

The event is being held in cooperation with the Central Bank of Bahrain (CBB) and the Bahrain Economic Development Board (EDB) in order to examine the opportunity and significance of promoting and positioning Bahrain as a regional and international hub for the SPV business.

The discussion will be attended by Zayed bin Rashid Al Zayani, Minister of Industry & Commerce, Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board, Abdulrahman Al Baker, Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain and Dr. Ahmed Jawhary, Chairman of BAMA. The roundtable is in line with BAMA’s efforts to support further growth and innovation in the Kingdom’s asset management industry through engagement and co-operation with the regulators, decision-makers and legislators that shape and provide oversight of the industry. 

Commenting, Dr. Ahmed Al Jawhary, Chairman of BAMA, said, “Jointly we will be looking to assess ways to further innovate and broaden the appeal of the Kingdom of Bahrain’s asset management industry and infrastructure. We look forward to beginning this important discussion and establishing the foundations on which we can continue to drive development and innovation of the industry and build on Bahrain’s position as a long-standing and leading regional financial centre.”

The Bahrain Asset Managers Association is a professional body established to represent and promote
the interests of Bahrain’s asset management industry - including both Islamic and conventional financial institutions specialized in asset management. It was officially established in May 2014 under the patronage of the Central Bank of Bahrain, and with blessings and support from key elements of the local financial community in the
Kingdom.