The 2016 Global Trade Credit and Risk Management Conference: A first in TCM’s history.
By TCM Newsroom & Ayman Al Wadi
May 13, 2016
REYKJAVIK, Iceland (TCM Newsroom) — This March saw something entirely new in the Group’s 29-year history: its AGM was the occasion of the first Global Trade Credit and Risk Management Conference.
The conference, hosted by market leader TCM UAE (ALWADI HOLDING) on March 9 and held at the Dubai Dusit Thani Conference Centre, brought together an interdisciplinary group of over 150 professionals from 65 countries and 6 continents to tackle some of the most pressing issues faced by the global credit management community.
Conference delegates hailed from diverse sectors of the finance and credit industry, including the government, student, banking, telecommunications, real estate, auditing, financial, shipping and logistics, and insurance sectors.
In a gesture that demonstrated the importance of the event for the region, many highly respected organizations in Dubai such as Dubai FDI, the Dubai Investment Development Agency, Emirates Airlines, and the Dubai Department of Tourism and Commerce Marketing (DTCM) announced their sponsorship several weeks leading up to the day.
Conference topics included credit risk management methods, the credit culture of specific continents, best practices in debt management and debt recovery, risk associated with global trends and collection methods, and creative ways to circumnavigate such risks.
Mr. Fahad Al Gergawi, CEO of Dubai Investment Development Agency, set the tone of the conference in his keynote address on the rise of the Dubai economy when he said how pivotal the dissemination of information on credit and risk management was to the growth of local businesses and to the success of future business seeking entry into Middle Eastern markets.
On the conference’s agenda were the presentations of six pioneering figures in the field of global credit risk and global debt management and panel discussions and Q&A sessions chaired by Dr. Ahmad Tahlak of Levenbert Dubai.
At the end of the day, Mr. Ayman Al Wadi, chairman of TCM UAE, announced that the conference would be held on an annual basis and pledged his open-ended sponsorship of the event. He also said that TCM UAE would begin publishing annual credit risk and debt management reports for its clients and subscribers.
As pointed out by the conference manager Mr. Yaser Yaish, the overriding objective of the conference was to provide key insights into global economic trends, global credit markets, and cutting-edge debt management strategies—all with a view to adding value to the local and global credit industry.
Judging by the ground covered on the day, these objectives were not only achieved but exceeded. Presenters
- provided traders and banks with a score of insights into international credit and debt management standards and collection practices;
- evaluated methods for reducing debt and diminishing the risk involved in international and local trading;
- analysed market behaviours in and the economies of Europe, USA, China, South Africa, and South America;
- underscored the local and global value of enlisting the services of TCM Group; and
- gave a thorough account of recent developments on the UAE credit market and in the UAE economy.
A rare Dubai rainstorm did not stop delegates from making it to the Dubai Dusit Thani Conference Centre on time. Overall the conference was well attended, with 150 delegates from 65 different countries across 6 continents.
Nine sectors of industry were represented on the day, with the banking and finance sectors receiving the greatest share of representation.
Evidence for the conference’s effectiveness was seen in the level of response to the individual presentations, the level of involvement in the panel discussion and Q&A session, and the predominance of managers and decision-makers in attendance (53%).
With 65 women in attendance (43% of attendees), gender parity was almost achieved.
TCM Group was represented by more than 40 of its shareholders, all of whom were experts on the topics of the conference.
Following is a run-down of the sessions of the conference.
A select panel of pioneering global debt management professionals took to the stage in what turned out to be one of the highlights of the conference: a vibrant discussion and Q&A session on the challenges faced by international debt collectors in the second decade of the twenty-first century.
The panellists were as follows:
That the conference attracted substantial media attention on its first hosting was testament to its importance to the local economy. Media outlets that covered the event included Alaan TV, Gulf News, and Al Bayan.
TCM UAE (ALWADI HOLDING)
TCM UAE is committed to providing leadership to credit management professionals through education initiatives, on-going research, and best practices. Nowhere was this commitment more in evidence than at this event. As a show of its commitment and in accordance with the wishes of HH Sheikh Mohammed bin Rashed Al Maktoum, Ruler of Dubai, and Prime Minister of UAE, to support young leadership, TCM UAE offered free attendance to a number of university students and faculty members from the University of Dubai.
TCM UAE have been pioneers in domestic and international credit risk management and debt restructuring in the Middle East for over ten years. Through its membership of TCM Group, it has the capacity to collect debt in 145 countries around the world, all on a “No Win, No Fee” basis.
TCM Group and TCM UAE would like to express their gratitude to those who contributed to the overwhelming success of the event; the dedication and hard work of the conference planning committee at TCM UAE deserves special acknowledgement. Special thanks go to the following strategic partners: Emirates Airlines, Dubai FDI, HH Sheikh Mohamed bin Rashid Centre for Cultural Understanding, and the Dubai Tourism Department. The conference would not have been possible without the hard work and tireless support of the conference committee, sponsors, speakers, and delegates.
What the delegates said
“Such conferences add so much to our market, and we are in need of such a specialized forum as this.”
“Helpful, informative, thought-provoking.”
“I liked being able to select different topics that fitted my professional requirements. It made the content quite significant.”
“The most valuable part of the conference was meeting professionals from different countries and sectors and discussing common topics, sharing information, and the panel discussion.”
“This conference is changing the trend, and has brought new understanding to some ambiguous concepts. I can’t think of anything similar.”