First Abu Dhabi Bank and State Street Announce Strategic Alliance
First Abu Dhabi Bank PJSC (FAB) and State Street Corporation (NYSE:STT) today announced a new strategic alliance that leverages FABs regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), and State Streets global strength and capabilities.
- First Abu Dhabi Bank PJSC (FAB) and State Street Corporation (NYSE:STT) today announced a new strategic alliance that leverages FABs regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), and State Streets global strength and capabilities.
- The alliance between FAB and State Street creates a unique platform, delivering leading capabilities across the entire investment value chain that cater for the characteristics of regional and global investments.
- Ron OHanley, Chairman and Chief Executive Officer of State Street, commented, This partnership between FAB and State Street presents a unique proposition for MENA investors and those who invest in the region.
- The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally.