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News Article

03 October 2007

ADCB Confirms Supporting INSEAD

Abu Dhabi, 3 October 2007: Abu Dhabi Commercial Bank confirmed today that the agreement recently signed with INSEAD under the Patronage of H. H. Major General Sheikh Mohammed Bin Zayd Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, comes in line with the bank's strategy to support and develop the national human power in Abu Dhabi by cooperation with the most internationally recognized educational institutions. The Agreement states that ADCB shall sponsor a Chair in International Business in the INSEAD Center for Executive Education and Research, financing various researches in the business domain.

The newly opened INSEAD center in Abu Dhabi will play a central role in INSEADís global business education network. INSEAD already has a unique dual-campus structure with two fully integrated campuses in Europe and Asia and an alliance with the Wharton school in the US.

"ADCB constantly endeavor to uphold the educational development in Abu Dhabi in order to embody the leadership vision of H. H. Sheikh Khalifa bin Zayd Al Nahyan, President of the UAE and to carry out the directions of H. H. Major General Sheikh Mohammed Bin Zayd Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces." said Saeed Al Hajeri, Chairman of ADCB. "In ADCB we support education to professionals and provide them the best quality we can find in the world. We also believe that Abu Dhabi is an ideal place for locating one of the most recognized business schools since the country has all the infrastructure in place. It is an open economy and open minded country and is a great location to serve the whole region." the Chairman added.

The new centre in Abu Dhabi complements INSEADís existing presence in the worldís major economic regions. It is located halfway between the schoolís two campuses in France and Singapore, and will be the hub for INSEADís outreach to the entire Middle East and beyond. INSEAD aims to attract an international audience to the Emirates to learn and exchange views on strategic international business fields particularly in leadership, human recourses management, information technology and communications.

"The partnership will bring Abu Dhabi Commercial Bank and INSEAD, one of the leading business schools in the world, together to advance knowledge and learning in key management disciplines. This sponsorship shall also ensure collaboration on the highest level between the two pioneering organizations to attract the best educational programmes to Abu Dhabi. It is a strategic public private partnership aiming to ensure the availability of exceptional opportunities for professionals and professional education in Abu Dhabi." concluded Al Hajeri.

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