A project for the Saudi Arabian Monetary Agency (SAMA), the Saudi regulator of commercial banks, drafting new market rules and amending and rationalising existing rules, in line with international best practice but taking into account the specific nature of the market in Saudi Arabia. The new rules covered: domestic and international discretionary portfolio management; underwriting, placements and share floatation; professional standards; the sale of investment products by foreign financial institutions within Saudi Arabia; advisory services; custodial services; domestic and international brokerage services; collective investment vehicles.
Recommendations for all the organisational elements of the new Automated Saudi Arabian Securities Exchange (ASASE) including: a plan for the organisational development of phase 1 of the project; validation of the ASASE business model; current state assessment of the organisation structure and staffing; current state assessment of process including issues, resources, FTE’s (full time equivalents) and costs; change impact assessment; future state process model including resources, future FTE’s and business activities; future state organisation structure including roles and responsibilities, job descriptions, key competencies and recruitment needs; financial viability model; and high level transition plan for phase 2 (Organisational Development).