First Abu Dhabi Bank and State Street have formed a strategic alliance that combines FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), with State Street’s global footprint. The alliance will create a full-service offering for institutional investors in the region. It will provide MENA investors with reach into more than 100 markets, with a product range servicing all major listed and unlisted asset classes, delivered by in-country client service teams in the UAE, Saudi Arabia, Kuwait, Oman, Bahrain and Egypt. Clients will have access to State Street’s full suite of front, middle and back office capabilities, in addition to its data management and analytics solutions, which will be integrated with FAB’s suite of securities services products, local expertise and regional custody network.
