Gulf Bond and Sukuk Association
Announces Key Appointments

For Immediate Release

DUBAI, January 30, 2011 – The Gulf Capital Market Association (GCMA), the trade association representing the Arabian Gulf fixed income market, is pleased to announce that it has filled a series of key committee positions for 2011.  GCMA works through its topical sub-committees to promote a deep and transparent market for securities issued from the region.

GCMA Steering Committee
Andrew Dell, HSBC Bank Middle East has been named Chair of the Steering Committee for the second year running.

GCMA’s sub-committees bring together leaders of the regional credit markets to create a collective and effective voice on the key issues affecting the industry. Through its targeted sub committees, GCMA will discuss the issues that are likely to affect the future of the industry and create industry positions that will influence the direction and growth of the debt capital market in the Gulf region.

The committees will (co) chaired as follows:

Government Issuance
Dilshan Hettiaratchi, Managing Director, Head of Debt Capital Markets, MENA, Standard Chartered Bank

Investor Relations and Development
Giambattista Atzeni, Vice President, MENA Corporate Trust Business Manager, BNY Mellon Jan-Willem Plantagie, Managing Director, Standard and Poor’s

Regulatory Affairs
Bryant Edwards, Esq., Partner, Chair of Middle East Practice, Latham & Watkins LLC

Trading
James Milligan, Managing Director, Head of Fixed Income Trading, HSBC Bank Middle East
Shihaam Mowlana, Head of Trading, Middle East, Barclays Bank

GCMA Chair Andrew Dell commented, “The growing importance of debt markets for the region makes it crucial we promote best practices across all elements of the business. Governments, regulators and issuers all refer to GCMA and its committees for best practices in order to bring the Gulf market up to highest global standards.

GCMA President Michael Grifferty, “We are delighted to have such talented and experienced experts leading the sub-committees. As a practical matter, they will be setting the market agenda in 2011.

About GCMA
GCMA works across the Gulf region and is not sponsored by or aligned with any market or jurisdiction. GCMA is part of a growing trend to mobilize through industry trade associations the expertise available in the region to raise professional standards and achieve sector development goals.

NOTE FOR EDITORS:

The Gulf Capital Market Association

The Gulf Capital Market Association (GBSA) is the regional trade association representing the Arabian Gulf bond and sukuk market. Andrew Dell, HSBC’s Managing Director, Head of CEEMEA Debt Capital Markets, Global Capital Financing, is Chairman of its Steering Committee.  GCMA harnesses the commitment of its stakeholders to promote a wide and deep market on the basis of international best practices as adapted to the Arabian Gulf region.

For further information please contact:

Michael P. Grifferty
President
The Gulf Capital Market Association
info@gulfcapitalmarket.org
www.gulfbondsukuk.org