The International Center for Financial
Market Development is a mixed-ownership company
established in 1998 as an advisory company with an
objective to contribute with its services and products to
the development and successful transformation of the
financial market.
The mastermind of the Center is a
Professor Stojan Dabić, PhD – one of the greatest experts
in
the field of Banking and Securities in the former
Yugoslavia, with over forty-years of efforts made to
improve the financial system, modernize banking system and
develop financial market institutions and instruments. His
contribution to the financial market development is
reflected, inter alia, in developing a project dealing
with establishment of the first Money market in 1967, and
later on of all studies regarding the transformation of
this market into the Yugoslav Money market and Yugoslav
Money and Securities market. He is a co-author of a
project founding the Money and short-term securities
market and the Belgrade Stock Exchange. From the creation
of the first Money market to his appointment as the
Chairman of the Securities Commission, he was a member and
chairman of managing bodies of those institutions and
spent five years as a CFO, over 30 years working in the
Banking sector, starting as a head of department in
Jugobanka bank to become a General manager of Investbanka
a.d. Belgrade bank and since 1995 a full professor at the
Belgrade University Faculty of Organizational Science.
On the initiative of Professor Dabić,
in April 1995 the Center for Financial Market Development
was established by the Faculty of Organizational Science
in Belgrade (FON), Securities and Financial Market
Commission, Belgrade Stock Exchange and Money Market a.d.
Belgrade, as the FON‘s separate department.
Since 1995 management and operations of
the Center, beside Professor Dabić as the Chairman of the
Center Council, have been performed by the key experts in
the field of Securities such as Chairman and Secretary of
the Securities Commission, Director of the Belgrade Stock
Exchange, General Secretary of the Association of Yugoslav
Banks, as well as by eminent professors of the Faculty of
Organizational Science, Faculty of Law and Faculty of
Economics of the University of Belgrade.
Within the Center, a specialized
training aiming at acquiring the title of licensed
stockbroker has been organized and designed according to
the former Law on Stock Exchanges, Exchange Business and
Brokers. The training was conducted by the following
eminent experts in the area of financial markets:
university professors, experts in the area of the legal
framework, statement analysis of players at the financial
market, trading in the stock exchange, as well as experts
in the field of the information technology. Upon attending
lectures, several hundreds of participants passed the exam
before a board of examiners of the Securities and
Financial Market Commission, hence acquiring a diploma of
stockbroker and a licence for trading on the financial
market, which represents a precondition for conducting
this business in conformity with the Law.
Due to the adoption of new legislation
regulating operations of the educational institutions as
well as a need for greater engagement on the matter of
privatization programs of socially-owned companies and
cooperation with international institutions through the
implementation of their experiences, the International
Center for Financial Market Development was established in
October 1998.
Since its establishment, a strong team
of experts of the International Center, under the
leadership of Prof. Dabić, has taken an active role in
implementation of the privatization process, management of
foreign companies, investment funds and other investors
when taking over local companies, their start-ups and
organization of business operations, training and
protection of shareholders' rights. The experts of the
International Center are simultaneously engaged on
projects dealing with consolidation, restructuring and
improvement of business operations of companies as well as
with designing and implementation of models of raising
additional capital through issuing of securities.
As a specific service aiming at
preventing profiteers in the privatization and takeover
processes of companies, the experts of the International
Center have developed and are currently implementing
models of protection from the "hostile" takeover as well
as a model for "friendly" takeover of companies.
Taking into account successfully
completed business deals and a noteworthy list of
satisfied clients, the experts of the International Center
can offer to any potential client practical solutions for
problems regarding the management of securities and
various types of the ownership structure in companies in
the Republic of Serbia. |