Agency to help Abu Dhabi firm

The Abu Dhabi Securities Market (ADSM) has brought in Gavin Anderson as it looks to build its profile internationally.

ADSM wants to develop its brand after announcing a 'co-operation agreement' with NYSE Euronext to jointly 'develop and explore new opportunities in trading systems and other related technology, investor and issuer services, and investment products'.

Consultants Byron Ousey and Robert Kaltrachian head the account in Gavin Anderson's Abu Dhabi office, with support from the agency's London office.

ADSM has 64 listed companies with a market capitalisation of around £64bn. It is also one of the fastest growing markets globally, seeing daily trading volumes increase by more than 400 per cent in 2007.

ADSM is also expanding its relationships through a number of 'memoranda of understandings' signed with exchanges in the Gulf Cooperation Council (GCC) and Asia Pacific regions.

Abu Dhabi has one of the strongest banking and investment communities in the GCC region and the Emirate is the world's fifth largest producer of hydrocarbons.

Gavin Anderson Worldwide CEO Richard Constant said the ADSM was looking to be the 'leading exchange' in the gulf region.

The alliance will see ADSM's information and market infrastructure systems and technologies grow by the end of 2008.

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