The current May/June issue of Cash & Trade magazine places the spotlight on iGTB’s successful “The Future of Transaction Banking” event, held in Dubai in February. Receiving a headline mention in the letter from the editorial director as well as its own page in the magazine’s “News Round”, the event is then discussed in greater depth across a four-page spread. Bringing together 68 senior bankers from across the UAE, Jordan, Saudi Arabia and Qatar, iGTB’s interactive forum set out to explore how the 18 Middle Eastern banks present could increase their share of global transaction banking revenues (set to hit $509 billion by 2021, according to Boston Consulting Group), and featured prominent guest speakers such as Mishal Kanoo, deputy chairman of the Kanoo Group, and Andrew England, senior adviser, transaction banking, McKinsey, and newly-announced head of strategy at iGTB.
A survey conducted during the event, to uncover the views of the region’s banks when it comes to sector growth and the needs of their clients, also made waves by revealing that 62% of delegates believed Middle Eastern banks would increase their share of global transaction banking revenues by at least 25%. The subsequent press release announcing these results received a wide take-up, and can be found here.
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