The Gulf Capital Market Association and Association of Corporate Treasurers sign Memorandum of Understanding
The Gulf Bond and SukukAssociation and Association of Corporate Treasurers sign Memorandum of Understanding
Dubai, March 29, 2016 The Gulf Capital Market Association (GCMA) and the Association of Corporate Treasurers (ACT) have signed a Memorandum of Understanding (MoU) to work together on initiatives aimed at improving the practice of treasury management and developing fixed income markets.
The agreement was formalized by Michael Grifferty, President of GCMA and Peter Matza, Engagement Director for ACT.
The memorandumenvisages cooperation in joint activitiesincluding policy advocacy, events and publications and will provide forreciprocal advantages to members of both associations.
Both organizations strive to promote best practices and share the goal of attaining wider and deeper markets that can ensure companies in the region have access to the fullest range of financing options.
Michael Grifferty said, “GCMA is pleased to sign this MoU with ACT, as it recognizes our valuable and growing collaboration”. He continued, “The impressive resources we are making available to each other will strengthen our respective abilities to serve our members interests.”
Peter Matza said, “the ACT Middle East is a growing network of finance and treasury professionals that is raising the profile of corporate treasury across the Middle East. With GCMA we intend to engage with the regulatory, legislative and business communities to further enhance economic growth and good business practice.”
NOTE TO EDITORS:
The Gulf Capital Market Association is the regional trade association representing the Arabian Gulf bond and sukuk market. GCMA is involved in all major matters concerning development of debt markets in the region. GCMA’s working groups and National Chapters bring together the thought leaders of the regional credit markets to create a more collective voice on key issues affecting the industry.
The Association of Corporate Treasurers (ACT) sets the global benchmark for treasury excellence. As the chartered professional body for treasury, we lead the profession through our internationally recognized suite of treasury qualifications, by defining standards and championing continuous professional development
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