Bloomberg Capital Markets Forum convened senior leaders, decision makers and global influencers from the international financial and business community to discuss the region’s influence on global capital markets.
To watch Bloomberg TV’s interview with Sjoerd Leenart, head of Global Corporate Banking and regional head for Central & Eastern Europe, Middle East and Africa at JPMorgan Chase & Co. on the sidelines of the Bloomberg Capital Markets Forum in Abu Dhabi, click here.
Key highlights from the interview include:
- The Middle East is transforming like it has never done before, and that comes with a lot of opportunities for banks to help companies grow and optimise their set up through fundraising on equity or debt markets or through M&A and changing the format of their business.
- The shift from syndicated loans to the bond market is a great way to attract FDI into the region. The Middle East’s strong credit rating, zero rate bonds offered to investors is an attractive proposition.
- This year has seen $80 billion of regional inflows from the bond market and $25 billion in public equity market inflows; a large part of that being passive flows into Saudi Arabia following the MSCI & FTSE inclusion.
Speakers at the invitation-only event included:
- Michael R. Bloomberg, Founder of Bloomberg L.P. & Bloomberg Philanthropies
- His Excellency Dr. Sultan Ahmed Al Jaber, Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company Group
- His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Executive Chairman of Abu Dhabi Global Market
- Mark Cutis, Group Chief Financial Officer, Abu Dhabi National Oil Company
- Carmen Haddad, Chief Country Officer of Citi Saudi Arabia, Citigroup Saudi Arabia
- Sjoerd Leenart, Global Head of Corporate Banking & Regional Head, Central & Eastern Europe, Middle East and Africa, J.P. Morgan
- Martin Tricaud, Group General Manager, Chief Executive Officer MENAT, HSBC Group, Deputy Chairman, HSBC Bank Middle East Limited
The day’s discussions were led by Manus Cranny, Anchor, Bloomberg Television.
