29 Oct 2024

SBAI and DIFC Authority Announce a Global Partnership

The Standards Board for Alternative Investments (SBAI), an active alliance of alternative investment managers and institutional investors and custodian of the Alternative Investment Standards, and the Dubai International Financial Centre Authority (DIFC Authority), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced a global partnership by signing a Memorandum of Understanding.

The SBAI and DIFC Authority will work together to facilitate and promote further development of the alternative asset management sector in by bringing relevant professional training and development programmes to the DIFC Authority and widening engagement with UAE, regional and global regulators on matters relating to best practice in the alternative asset management sector.

As part of this partnership, the SBAI and DIFC Authority will host educational roundtables and seminars in Europe, North America, and Asia focused on raising awareness of the alternative asset management sector in Dubai and the wider region.

Thomas Deinet, Executive Director of the SBAI said: “We at the SBAI are thrilled to partner with the DIFC Authority to advance responsible practices and make investing in alternatives more efficient and transparent in the MEASA region. Our partnership will provide an important platform for promoting robust industry standards for the benefit of our stakeholders globally.”

Salmaan Jaffery, Chief Business Development Officer of the DIFC Authority said: “DIFC Authority is delighted to deepen its relationship with the SBAI to raise standards in the alternative investment ecosystem in the MEASA region and ensure that our clients benefit from the SBAI’s educational resources and intellectual capital enabling them to manage their global portfolios more efficiently.”

The SBAI is an active alliance of over 150 alternative asset managers and over 100 institutional investors dedicated to advancing responsible practice, partnership, and knowledge. The SBAI advocates for an effective alternative investment ecosystem through robust standards and the exchange of ideas. For more information on the SBAI or to join the SBAI community, please contact [email protected] or visit www.sbai.org.

DIFC Authority is an international financial centre and a free zone in Dubai (the United Arab Emirates), established in 2004 as a financial hub for companies operating throughout the MEASA markets. The DIFC represents the largest cluster of alternative managers in the MEASA region.

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