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International Center for Financial Market Development

The International Center for Financial Market Development is an advisory company established in 1998 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.
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.

Our work is based on in-depth understanding of the regulatory framework, experience with state institutions, and hands-on project work with both domestic and foreign investors.