Exploring the Fund Regime and Regulatory Landscape in Abu Dhabi Global Markets

Date and Time:

Wednesday, 12 April 2023, 04:30 P.M. – 07:00 P.M. IST

Venue:

3, North Avenue, Maker Maxity, Bandra-Kurla Complex, Mumbai 400 051, India

MODE OF JOINING:

Hybrid (MUMBAI-BASED ATTENDEES TO GRACE THE EVENT IN PERSON)

 

Introduction:

Abu Dhabi Global Market (“ADGM”) has established itself as a leading international financial centre (“IFC”) and is rapidly becoming the destination of choice for fund managers looking to expand their operations in the Middle East and Asia. Besides providing an attractive and comprehensive regulatory regime for asset managers and investors alike, ADGM also has a wide range of fund structures available to meet the needs of investors across the globe. As India continues to be one of the fastest-growing economies in the world, there is a growing interest in investments between India and the UAE.

In this webinar, we will explore the opportunities for Indian and Global investors looking to set up fund structures in ADGM for their investments into Indian capital markets.

Some of the topics that the panellists will be discussing include:

  • Regulatory landscape in ADGM, including the legal and regulatory framework for funds and investment managers.

  • Fund Solutions and Capital Raising opportunities in Middle East.

  • Various fund structures available to investors in ADGM.

  • Inbound / outbound investments to / from India.

  • The different categories of foreign portfolio investors and the regulations governing them.

We recommend Mumbai-based attendees to grace the event in person and get the opportunity to hear from the esteemed speakers.

Flow of the session

4:30 – 5:30 PM (IST)

Panel Session

5:30 – 6:00 PM (IST)

Audience Q&A

6:00 – 7:00 PM (IST)

Networking Session

Speakers

DR. BHASKAR DASGUPTA

Independent Non-Executive Director, Advisory Board Member

Apex MENA and India Boards

Dr. Bhaskar Dasgupta is a Senior Board Member & Advisor. He is currently a board member on all Apex Group Corporate boards in India, GCC/UAE & Israel. He assists with the Strategic Development of the MENA region for Apex, a global financial services provider with ~3T AUA – to asset managers, capital markets, private clients and family offices. He is also on the board / strategic advisor of other funds, regulated entities, family offices. He is also an angel investor and on the advisory boards of several HealthTech/Biotech, EdTech, AgTech and FinTech startups.

Dr. Dasgupta’s previous role was leading the development of Abu Dhabi’s International Financial Centre (Abu Dhabi Global Market) and Financial Regulator. Prior to joining ADGM, Dr. Dasgupta was the Chief Operating Officer of UK Export Finance at the Department of International Trade, UK Government. His 25-year career included senior level leadership, business development and transformation roles in investment banking, transaction banking, technology, and consulting in firms such as HSBC, ABN AMRO, Citigroup, and PwC.

Dr. Dasgupta holds a BSc in Mathematics from the University of Bhopal, an MBA in Finance from Indore University, a PhD in Financial Modelling & AI from the University of Manchester, and a PhD in Politics from Kings College London. He is currently completing his third PhD in Food History from Brunel University, UK.

 

MOHAMED ABDULGHAFFAR

Head of Functional Finance

Market Development

Abu Dhabi Global Market

Mr. Mohamed AbdulGhaffar is Head of Asset Management and Capital Markets within Market Development at ADGM focusing on financial services globally. He is responsible for overseeing the development of the financial services including asset management, private equity (PE), venture capital (VC), hedge funds and other financial services in addition to bringing asset allocators and asset managers together in ADGM to support ADGM’s growth as an IFC.

With more than 22 years of experience in the industry, Mr. Mohamed has held numerous roles within major financial firms including KPMG, Citibank, Bank Muscat, Khaleej Finance & Investment, Abu Dhabi Investment House, Arcapita and Gulf Finance House.

Mr. Mohamed holds a Bachelor of Arts degree from Portobello College, Dublin and a Master of Business Administration from New York Institute of Technology.

 

ROB BAMBRIDGE

Director – Supervision Division

Financial Services Regulatory Authority

Abu Dhabi Global Market

Rob joined the FSRA in 2016, soon after the launch of ADGM. He joined the Capital Markets team to lead the centre’s Funds framework. In early 2022, Rob joined FSRA’s Supervision division to strengthen oversight of the rapidly growing asset and wealth management sector.

With over 20 years of experience in fund and investment management, Rob brings wealth of expertise to his current role. Before joining ADGM, he held various compliance and risk related roles within the investment management industry in London and worked with the QFC Regulatory Authority in Doha, the UK FSA (FCA).

 

Dhiraj PAPNAI

International Clients Group, Middle East & Asia,

Nuvama Asset Services

Mr. Dhiraj Papnai leads the International Clients Group for Middle East & Asia for Nuvama Asset Services and has also been instrumental in building the firms presence across Asia.

In his current role, he focusses on advising Global Investors, Hedge Funds, Systematic Quant Funds and other Prop firms on India listed markets access and trading. He comes with 15 years of work experience in the Indian financial markets, of which 8 years was with the trading desk at Edelweiss, managing relationship with some of the largest Hedge funds, Investment banks and Pension funds. While at the trading desk he also led the business development initiatives and was a key member of the algo team on the trading floor. Dhiraj holds a Bachelors degree in Computer Science and a post-graduation in Masters of Business Administration from Mumbai University.

 

NANDINI PATHAK

Leader, Investment Funds Practice

Nishith Desai Associates

Nandini Pathak is a Leader in the Fund Formation practice at Nishith Desai Associates and is actively involved in the firm’s thought leadership on the venture capital (VC) and private equity (PE) side of funds. Her focus area has been fund formation for India focused funds for almost a decade now. With a strong focus on VC / PE funds, she has advised several international, foreign and domestic clients on legal, regulatory and tax issues, fund governance and fund economics best practices and negotiations with various participants at the fund formation and closing stages. Her expertise includes tax efficient structuring for India focused funds as well as LP-GP negotiations. She also regularly advises clients on the regulatory front including on securities laws and exchange control laws.

 

PRAKHAR DUA

Leader, Financial Services and Regulatory Practice

Nishith Desai Associates

Prakhar Dua is a leader at the Financial Services & Regulatory Practice at Nishith Desai Associates. He has advised several international and domestic clients on securities and foreign exchange laws, including structuring of inbound and outbound investments. Prakhar frequently interacts with the securities and exchange control regulators and holds expertise in advising offshore hedge funds looking to make investments into India. Prakhar is qualified to practice law in India and is enrolled as an Advocate with the Bar Council of Maharashtra and Goa.

Moderator

AANAL MEHTA

Global Partnerships & Alliances for International Clients Group

Nuvama Asset Services (erstwhile Edelweiss Asset Services)

Aanal Mehta leads the Global Partnerships & Alliances for International Clients Group at Nuvama Asset Services (erstwhile Edelweiss Asset Services) and has been instrumental in building the partner network across Asia, EU|UK and US. She manages relationships with the intermediaries in the funds eco-system and focuses on partnerships with Fund Administrators, Law firms, Tax consultants, Prime Brokers, Technology partners. She also drives thought leadership initiatives with partners firms and associations for the segment.

She comes with 14 years of work experience in Indian Financial Markets and has been with Nuvama for 5 years. She has worked with organisations like Metropolitan Stock Exchange and Thomson Reuters where she managed Institutional clients and marquee organisations like Reserve Bank of India and Ministry of Finance. Aanal holds a post-graduation in Master of Business Administration, from University of Northampton, UK and Masters in Computer Science from Mumbai University.

Supporting Partners