Capital markets News

UAE unveils digital exchange Finstreet where ex-SIX executive Thomas Zeeb is head of exchanges

ADGM abu dhabi global market

Thomas Zeeb was on the SIX executive board for 14 years, latterly as Global Head of Exchanges which included SIX, BME, and the SIX Digital Exchange. This week he emerged as Global Head of Exchanges of FinStreet, a UAE based group where the subsidiaries have just received licenses to issue stocks, and to operate an exchange and central securities depository (CSD). It’s based in the Abu Dhabi Global Market (ADGM), the international financial center.

FinStreet is an indirect subsidiary of the UAE’s International Holding Company (IHC). It boasts a market capitalization of $245 billion, making it amongst the 50 most valuable listed companies in the world. In the Middle East, IHC is second only to Saudi Aramco.

When Zeeb departed SIX in early 2023, the exchange credited him with “a central role in the conception and development of the SIX Digital Exchange (SDX).” Given Finstreet’s base in the ADGM, it will target international issuers and investors.

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