French PM Edouard Philippe at Abu Dhabi bank opening

Abu Dhabi: Shaikh Hamed Bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, and Prime Minister Edouard Philippe of France, today attended the branch opening of BNP Paribas – one of the largest banking groups in the world – at Abu Dhabi Global Market, ADGM.

Ahmad Ali Al Sayegh, ADGM Chairman, Jean Lemierre, Chairman of the Board of Directors of BNP Paribas, and more than 200 senior economic figures and decision makers attended the ceremony.

The launch of the new offices comes after BNP Paribas obtained a licence issued by the Abu Dhabi Financial Services Regulatory Authority to operate licenced activities and provide financial services to customers.

Al Sayegh welcomed the BNP Paribas Group to the Abu Dhabi Global Market. He expressed his thanks and appreciation to Shaikh Hamed and Edouard Philippe for their attendance at the ceremony. “This step represents an extension of the strong relations between the two countries,” he added.

Al Sayegh said that the opening of the French International Group as a branch of its offices represents a milestone in Abu Dhabi’s global market and is an important step towards establishing its position as an international financial centre. He expressed his aspiration to achieve further growth and expansion to meet the needs of the region and keep pace with developments in the world of finance and business.

Jean Lemierre said that the opening of the new branch represents the commitment of BNP Paribas to contribute to the development process in Abu Dhabi and reflects its keenness to keep up with the Emirate of Abu Dhabi in its movements in the global investment arena, especially in Europe.

“Through the new branch, BNP Paribas will continue to strengthen its relationships with its corporate and institutional customers across the region,” Lemierre added.

On the sidelines of the event, Shaikh Hamed met with the French Prime Minister to discuss enhancing cooperation between the two countries and means of developing ties.

The two sides reviewed the fields of economic and investment cooperation between the two countries and the importance of diversification and expansion, especially about bilateral investment partnerships.

The opening ceremony was also attended by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State; Saif Mohammad Al Hajeri, Chairman of the Department of Economic Development, Abu Dhabi; Riyad Abdul Rahman Al Mubarak, Chairman of the Department of Finance; and Walid Al Mokarrab Al Muhairi, Deputy Group CEO and Chief Executive Officer, Alternative Investments and Infrastructure at Mubadala.


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