The Titan's View Citigroup

[Music] your excellencies ladies and gentlemen it is such a pleasure to be speaking to you at this year's Abu Dhabi Finance week and I do want to congratulate the organizers on creating this landmark forum to address Global Financial Trends in a rapidly changing economy although I'm disappointed to not be with you in person this year I was able to spend some time in the Emirates just a few weeks ago to celebrate City's 60th anniversary in the UAE through my very regular visits the country I just continue to be amazed by the sustained growth in the uae's capital markets in Abu dhabi's growing status as a capital of capital an adgm Evolution as the financial hub for the region when City first arrived in Dubai in 1963 the greater economy relied on smallscale oil activities basic trade Commerce and fishing today the UAE is a thriving global economic Powerhouse and adgm is playing a critical role in this story as the region diversifies away from Oil we're seeing new trade and investment corridors particularly with Asia and as GCC countries and other key global trading blocks become increasingly integrated there is a strong need for a frictionless and robust Financial access one that connects east and west and that is where adgm comes in with its forward-looking regulatory environment and AB ility to attract Global Talent adgm is supporting the evolving needs of so many global companies it's enabling City to engage in a range of wholesale banking business out of Abu Dhabi and this is allowed us to build our adgm operations where we now offer cash liquidity and working Capital Management Solutions in fact city adgm is now a preferred deposit booking location for multinationals to optimize their liquidity for the past six decades we have witnessed your country's rise on the world stage as well as its growing Global role as a connector of commercial dots city is proud to have played a role in many Landmark transactions including arranging significant Bond financing in the UAE developing Innovative financing Solutions and supporting financing locally as I look at what is ahead for the UAE I see the Falcon economy soaring high and breaking new records year after year on behalf of the entire city team we look forward to continuing growing together in the decades ahead thank you and I hope you enjoy the remainder of the event oh [Music]