CSDI PARTAKES AT 23RD ANNUAL ASIA-PACIFIC CSD GROUP (ACG) GENERAL MEETING IN NEPAL
The 23rd Annual Asia-Pacific CSD Group (ACG) General Meeting and Conference was held September 9-12, 2019 Kathmandu, Nepal.
The 23rd Annual Asia-Pacific CSD Group (ACG) General Meeting and Conference was held September 9-12, 2019 Kathmandu, Nepal. The conference and General meeting is a yearly event held by the regional association and has participation from the member CSDs and Clearing Houses of the region along with various other institutions spanning across the globe. This year’s event was held in Kathmandu, Nepal and was hosted by CDS and Clearing Ltd (CDSC).
Central Securities Depository of Iran (CDC) serves as one of the Executive Committee members for ACG and Mr. Hossein Fahimi, CEO – CSDI, formerly held the Vice Chair position of the Executive Committee. CSDI participated at the event with great fervor and presented various updates.
International Relations Director, Mr. Siavash Azimi, represented CSDI at the 23rd General Assembly Meeting. There, he presented separate reports at two different Task Forces; one in the New Business Initiatives TF where Mr. Azimi described the direction CSDI wants to take and how that will improve the Depository and its vision for the future. This is while in the Investors' Services TF, he elaborated on the strategies that CSDI has developed to better reflect investors' aspirations.
The event was quite successful and was reflective of the growing strength of the international collaboration among the ACG member states.
This year, concurrent with CSDI being elected to maintain its seat as an Executive Committee Member for another three-year term, the ACG also announced following changes in the Executive Committee: Deputy Chairman of the Board of China Securities Depository and Clearing Corporation Limited (CSDC), Mr. Wenhua Dai, has been named the new Chair of the community with Mr. Sherman Lin, Chairman and CEO of Taiwan Depository & Clearing Corporation (TDCC) as the Vice of the Committee.
ACG is a representative forum of all depositories and clearing houses of the Asia-Pacific region. The group consists of 34 CSDs from 23 countries. ACG is also one of the five members of World Forum of Central Securities Depositories (WFC), which is the global body of depositories and clearing houses, representing all the five regions, namely Asia, Europe, Middle East & Africa, Americas and CIS states.
Release Date: 2019-09-12