The Gulf Bond and Sukuk Association (GBSA), the body representing the GCC fixed income market, has named Stuart Anderson, the managing director and regional head of Standard & Poor’s Middle East as the new chair of its Steering Committee.

It has also created a new working group to further promote project finance within the region, besides the launch of dedicated national chapters for Qatar and Kuwait, said the association in a statement.

The announcements were made at GBSA’s annual gala dinner held in Dubai recently, which was attended by Robert Waller, Consul General of the US in Dubai and nearly 100 senior executives from London, Paris, Istanbul, Kuwait, Doha and Abu Dhabi.

Outlining the GBSA’s accomplishments during the year, the president of the association, Michael Grifferty said: “The association will continue to keep focused in the Gulf while partnering with official international institutions to support markets and spur growth in the broader region.”

The GBSA’s sub-committees and working groups bring together the leaders of the regional credit markets to create a more collective voice on key issues affecting the industry, he added. - TradeArabia News Service