Bahrain Clear Attains Chairmanship of World Forum of CSDs (WFC)

Wednesday, January 13, 2021
Bahrain Clear announced the appointment of its Senior Director of Operations, Mr. Abdulla Abdin, as Chairman of the World Forum of CSDs (WFC) following the resignation of Mr. Mohamed Abdulsalam during the Forum’s Board meeting that was held virtually during the 4th quarter of 2020.

Mr. Abdin was appointed by the Board of the WFC, which includes five regional CSD associations which together represent around 135 member CSDs: Asia-Pacific CSD Group, Americas’ Central Securities Depositories Association (ACSDA), Association of Eurasian Central Securities Depositories (AECSD), Africa & Middle East Depositories Association (AMEDA), and European Central Securities Depositories Association (ECSDA).

On this occasion, Mr. Abdulla Abdin, Senior Director of Operations said, “Bahrain Clear has been actively engaged in regional and international activities of CSDs, as this demonstrates our commitment to further develop the infrastructure of the company since its establishment in 2017 to offer enhanced services in line with international standards. This remarkable milestone will enhance the confidence and credibility of stakeholders in the capital market sector on a regional and international level.”
On April 15, 2011, at the closing of the CSD11 conference in Cape Town, South Africa, the five regional CSD associations announced the formation of the World Forum of CSDs (WFC) in order to further enhance inter-association communications. The WFC provides a forum for regional CSD associations to exchange information, discuss issues of common interest and increase their influence and engagement on cross-regional and global developments. The Forum has a Board composed of 10 members, being the Chairs and Vice-Chairs of each of the five regional associations.