merrill lynch enters partnership with arab international women’s forum

Published April 16th, 2007 - 11:22 GMT

Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies, today announced that it has entered into a partnership with the Arab International Women’s Forum (AIWF).  The partnership is intended to complement the firm’s considerable Middle East experience and develop its regional operations.
Established in 2001 as the first not for profit organisation of its kind, AIWF has brought together Arab and international business and professional women from over 40 countries, showcasing their development, promoting cultural diversity and creating greater public awareness of women's success and prospects in the Arab world.  The membership is drawn from women who are owners, directors, managers and consultants across all sectors and industries as well as from fields such as politics, international diplomacy, government and economic, trade and social forums.
Jeffrey Culpepper, head of Global Markets and Investment Banking Middle East and North Africa said:  “Merrill Lynch is one of the undisputed leaders in global financial services and we have developed as such because we have employed the very best talent. As we seek to develop our Middle East operations, it is essential that we reflect the diversity represented in our international workforce.”
Eva Castillo, head of Global Private Client EMEA, Merrill Lynch. said: “Our partnership with AIWF will support the endeavours of this vital, worthy institution. Specifically, for Merrill Lynch, it will also enable us to meet talented female candidates who can bring unique experiences to our organisation.”
The importance of the AIWF is acknowledged in its close ties with such international institutions as the League of Arab States, the UK Foreign & Commonwealth Office, the World Bank, the European Commission and European Parliament, as well as UN agencies, global NGOs, academic, economic and trade institutions.
Commenting on the announcement, Mrs. Haifa Al Kaylani, Chairman AIWF said, “I am delighted to confirm that Merrill Lynch has become a platinum global partner of AIWF. This is further acknowledgement of the success AIWF has had in raising the profile of successful Arab women and can only lead to more opportunities for the next generation of female business leaders.”
Earlier this year, Merrill Lynch announced that it has been granted a full service Licence by the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC) enabling Merrill Lynch International to expand its current business and help achieve its goal of becoming one of the region’s leading financial service providers in this growing market. Merrill Lynch has had a presence in the United Arab Emirates for over 35 years and has held a licence from the DFSA for its Global Private Client business since 2005.  Merrill Lynch will be launching its new office at the DIFC during 2007.
Merrill Lynch
Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies with offices in 37 countries and territories and total client assets of approximately $1.6 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world’s largest publicly traded investment management companies with more than $1 trillion in assets under management.
For more information on Merrill Lynch, please visit www.ml.com.

Arab International Women’s Forum
Building bridges, building business has been the guiding principle of the Arab International Women’s Forum (AIWF) since it was set up in 2001. It is a unique network connecting Arab and international women in key positions in business and professions and in community leadership, public and political life. AIWF provides a voice for Arab women, promoting cultural diversity and creating greater public awareness of the challenges of bringing more women into the economic life of the region but also to the huge advantages of making it happen. Working at the highest levels, the growing role of AIWF is acknowledged by collaboration with many leading Arab and international organisations – among them the League of Arab States, the UK Foreign & Commonwealth Office, the World Bank, the European Commission and European Parliament, as well as UN agencies, NGOs, academic, economic and trade institutions.  AIWF, as a non profit organisation, has forged valuable partnerships with global companies deeply engaged in the region and having strong diversity policies. They are Shell International, PepsiCo International, DLA Piper UK LLP, General Motors, IBM and PricewaterhouseCoopers.   Recognised for its ability to provide connectivity between governments, corporate and institutional partners and international organisations, AIWF offers initiatives that promote economic development, international understanding, prosperity and peace.   For more information about AIWF visit www.aiwfonline.com

 


 


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