Emirates Bankers’ Forum hosts speaker from The Boston Consulting Group

Leading global consultancy firm speaks about methods to become a winner of the Financial and Real Estate Crisis

The Emirates Bankers’ Forum, which is a monthly gathering organized by Mr. Sulaiman Al Mazroui, President, Emirates Bankers’ Forum and hosting eminent bankers representing local, regional and international banks, today hosted Dr. Reinhold Leichtfuss, Senior Partner and Managing Director and leader of the Financial Services practice in the Middle East at The Boston Consulting Group (BCG). The session was held at the Dubai International Financial Center (DIFC).

Dr. Leichtfuss focused on how banks can recover from the financial and real estate crisis. He pointed out five major areas in which ambitious Middle Eastern banks have to aim for excellence in order to belong to the winners: get risks under control and professionalize the risk management function, become an efficiency champion not only by cutting costs through reducing variable cost but also by implementing better end to end processes, maximize sales power and service quality, optimize business models and carry out selective acquisitions if you can afford to be a predator, as there is still a price window of several months. The long-term BCG database across industries globally, shows that acquisitions undertaken in the downturn clearly outperform others.

Mr. Suleiman Al Mazroui said, “We are glad to receive Dr. Leichtfuss as our guest speaker for the first event after the long summer and Ramadan break. Today’s presentation tackled the latest developments in the Financial and Real Estate Crisis and I am sure that members of Emirates Bankers’ Forum have benefited from it. This year, Emirates Bankers’ Forum will continue to host high profile speakers from the various economic sectors addressing the latest topics and issues that the country, region and world are facing, thereby fulfilling its purpose of being the ideal platform for banking veterans to exchange ideas and expertise that drive the banking and finance sector forward.”

The Emirates Bankers’ Forum is a monthly gathering hosted by DIFC and has evolved over the years to become a forum which provides an excellent networking experience and an opportunity to exchange views and expertise. Some of the key speakers at the forum were, H.E. Shaikha Lubna Al Qassimi – H.E. Sultan Bin Nasser Al Suwaidi, H.E. Sultan bin Sulayem. H.E. Dr. Omar bin Suleiman and H.E. Sultan Al Mansoori.

Click here to read 'Further Remarks by Dr. Reinhold Leichtfuss at the Emirates Bankers Forum'.

Click here for Arabic version.

Reported by: Corporate Communications
Reported on: 29/10/2009

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