Promoting Bahrain as global hub for SPVs

Manama : A number of regulatory initiatives aimed at strengthening Bahrain’s asset management sector and positioning it as a leading regional and global hub for the industry are underway.

This was revealed by Chief Executive of the EDB, Khalid Al Rumaihi during a high level panel discussion by Bahrain Asset Managers Association (BAMA) on “Special Purpose Vehicles (SPV) and Corporate Entities Component in Investment Banking & Asset Management.” “Bahrain is a leading asset management centre in the region, with four decades of experience, and asset managers now distribute more funds from our shores than from anywhere else in the Middle East,” Al Rumaihi said adding that the Central Bank of Bahrain and the Kingdom’s government are progressing a number of important regulatory initiatives that will further strengthen our offering in the sector.

The roundtable is the first of a series of events to be hosted by BAMA. Key panelists were Khalid Al Rumaihi, Abdulrahman Al Baker, Executive Director of Financial Institutions Supervision at CBB and Dr. Ahmed Al Jawhary, Chairman of BAMA and CEO of J Equity Partners.

Dr. Al Jawhary, said, “A White Paper will be developed and submitted to the concerned authorities in the Kingdom for their consideration.”