ADGM Academy and Mashreq Bank Collaborate to Develop Banking Education Center


ADGM Academy and Mashreq Bank Collaborate to Develop Banking Education Center

ABU DHABI, 28 February 2022 – The Abu Dhabi Global Market Academy and the Mashreq today signed a Memorandum of Understanding under which they will cooperate in the development of a banking education center at the Abu Dhabi Global Market (ADGM) .

This agreement highlights the mutual interest of the parties in establishing a framework for cooperation and exchange of information related to the development of banking and financial education programs in order to maintain an effective talent pool in the banking sector.

Working together to establish a financial education ecosystem, ADGM Academy and Mashreq Bank will lead “The Bankers” program to recruit domestic participants into Mashreq Bank
Conduct development programs to train and certify existing Mashreq employees with the aim of upskilling and retraining them; to become an education and employment channel to recruit and train competent UAE national employees based on Mashreq Bank talent acquisition requirements/criteria.

To achieve these objectives, ADGM Academy and Mashreq will formalize a study proposal, which will highlight a comprehensive banking training regimen, and formalize a working group, which will clearly list deliverables and define timelines.

Mashreq will assist ADGM Academy in identifying banking sector training needs, on-the-job training and employability in line with its human resources needs, and in identifying and sponsoring graduates of ADGM Academy programs.

Today’s agreement advances the ADGM Academy’s flagship National Development Program (NDP).

The NDP is an extension of ADGM’s commitment to developing national human capital and increasing Emirati employability in key economic sectors, particularly financial services.

Ahmed Jasim Al Zaabi, Chairman of ADGM, said, “As an international financial center supporting the economic diversification of the UAE, we are working closely with key stakeholders to address labor market and business needs. of our rapidly growing economy as the nation enters a new era in its development trajectory.

At ADGM, we focus on human capital and talent management, not only to meet industry demands, but to strengthen the financial stability and long-term economic sustainability of Abu Dhabi and the United Arab Emirates.

“We invite public and private banks and financial institutions such as Mashreq to train, develop and retrain their human capital with us.

A diverse and highly skilled workforce fosters innovation, generates greater growth and opens up more opportunities for our community, businesses and industries,” he added.

“Mashreq has been one of the most successful banks in the UAE for over five decades.

We have a growing footprint in the Middle East and a strong presence in the financial capitals of the world.

Our story is one of growth and that is why we appreciate this collaboration with ADGM Academy.

Because when our employees grow, the bank grows.

And when the bank grows, our country grows,” said Ahmed Abdelaal, Managing Director of Mashreq Group.

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Michael C. Sumner