ACT to work with GBSA on Middle East initiatives

The Gulf Bond and Sukuk Association (GBSA) and the Association of Corporate Treasurers (ACT) have signed a memorandum of understanding (MoU) to work together on initiatives aimed at improving the practice of treasury management and developing fixed income markets. The memorandum envisages cooperation in joint activities including policy advocacy, events and publications and will provide for reciprocal advantages to members of both associations.

The agreement was formalised by Michael Grifferty, president of GBSA and Peter Matza, engagement director for ACT. “The ACT Middle East is a growing network of finance and treasury professionals that is raising the profile of corporate treasury across the Middle East,” said Matza. “With GBSA we intend to engage with the regulatory, legislative and business communities to further enhance economic growth and good business practice.”