Dubai International Financial Centre (DIFC) has partnered with Verition Fund Management LLC, a prominent global multi-strategy hedge fund, to launch an inaugural internship program aimed at university students. This initiative is designed to provide students, including UAE Nationals, with practical experience in the global finance sector

The program was announced following the release of DIFC’s Future of Finance report in February 2024, which highlighted the need to address potential talent shortages in the finance industry. The report emphasized attracting and retaining professionals through competitive compensation, continuous training, and partnerships with educational institutions.

Verition’s 16-week internship program will offer students the opportunity to gain hands-on experience by rotating through various investment-focused groups such as Credit, Fixed Income & Macro, and Equity Long/Short & Capital Markets. Participants will also gain insights into essential non-investment functions, including treasury, operations, and legal compliance.

The internship will take place at Verition’s Dubai office in DIFC, where students will receive mentorship from experienced professionals in a collaborative learning environment. Applications for this highly selective program are set to open in the coming weeks, and students studying finance, economics, or related fields are encouraged to apply.

Verition currently manages USD 12 billion in assets and employs over 700 people globally. Since establishing its presence in DIFC in 2023, the firm has expanded its workforce and diversified its investment strategies from Dubai.

DIFC is recognized as one of the world’s leading financial centers, supporting trade and investment flows across the Middle East, Africa, and South Asia. It boasts a robust financial ecosystem, housing over 6,900 registered companies and employing around 46,000 professionals in the region. The center aims to drive the future of finance through innovation and partnerships, making it an ideal location for nurturing new talent in the financial sector.