Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Make an enquiry Support FAQs Whistleblowing
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM welcomes Al Reem Island businesses to its community 100 Days To Go: Abu Dhabi Finance Week’s 2023 Edition Expects Leadership of 3500+ Top Financial Firms from Over 100 Countries
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news ADGMA Forges Strategic Collaborations to Advance Financial Education and National Development Abu Dhabi Sustainable Finance Forum’s COP28 Edition Deep-Dives into Nuances of “Building Green Financial Centres of the Future”
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events No events yet
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Announcement

    service

    share

    facebooktwitterlinkedin

    Abu Dhabi Global Market Appoints Sir Hector Sants as Chief Advisor

    ADGM FSRA 16/12/2014

    Team of Global Financial Heavyweights Handpicked for Advisory  and Senior Management Roles by ADGM.

    Abu Dhabi Global Market (“ADGM”), the international financial centre in Abu Dhabi, today announced the appointment of Sir Hector Sants as Chief Advisor effective immediately. Sir Hector will be advising the Chairman of ADGM, the CEO of ADGM Regulator and senior members of the ADGM team.

    Sir Hector will be applying his considerable expertise and providing advice to ADGM on various areas of business including formulation of its regulatory strategy, framework and rules, the provision of strategic guidance and input on ADGM’s overall development including policies, human capital build out and business development as well as engagement of key institutions.

    Commenting on the appointment, Ahmed Ali Al Sayegh, Chairman of ADGM, said: “We are pleased to welcome Sir Hector to Abu Dhabi Global Market as our Chief Advisor.  His understanding and experience of financial services are unrivalled and his advice and involvement at this stage will be invaluable in helping us towards the achievement of our ambition for ADGM.  Sir Hector’s guidance will be instrumental in ensuring that ADGM develops as a truly global international financial centre supported by regulations, laws, practices and a highly qualified and seasoned team that meet the highest standards in the world.”

    Sir Hector Sants said: “I am privileged to be a part of Abu Dhabi Global Market’s journey to become an international financial centre and I am looking forward to actively supporting this initiative. Abu Dhabi has the right components to become an important top-tier financial hub. Abu Dhabi has established a number of leading financial institutions, based in the Emirate and transacting business the world over. These components, combined with the Abu Dhabi’s positive reputation and strategic geographic location, provide the ideal basis for continuing the Emirate’s dynamic evolution as a prominent international centre for financial services.”

    Sir Hector Sants served as Chief Executive of the UK Financial Services Authority (FSA) for five years and prior to that, he was Chief Executive of Credit Suisse EMEA.  Sir Hector was also Head of Compliance, Governance and Regulatory Relations at Barclays Bank in addition to having held a number of non-executive positions in several regulatory authorities, including the Securities and Futures Authority and the London Stock Exchange.

    Sir Hector will serve as Chief Advisor to ADGM until mid 2015, when he will become Vice-Chairman of Oliver Wyman, the international management consultancy, at which point his on-going involvement with ADGM may be extended if required and agreeable to both parties.

    Today’s announcement follows the appointment last month of Richard Teng as CEO of the ADGM Regulator from his position as Chief Regulatory Officer of Singapore Exchange.