BNY Mellon, one of the world’s largest financial institutions, and Emirates NBD have disclosed a strategic partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region, to advance the growth of capital markets in the UAE
The association unites BNY Mellon’s global footprint with Emirates NBD’s regional skills to give clients, around the UAE and globally, access to world-leading capital markets infrastructure and technology.
Robin Vince, CEO-elect of BNY Mellon, said that BNY Mellon is proud to be able to build on decades-long history in the Middle East and also have a vital role in enhancing the region’s vibrant market infrastructure with Emirates NBD which is one of the UAE’s leading financial institutions. He then expressed his enthusiasm for collaborating to further the vision of trust and innovation in the Middle East.
BNY Mellon works with a wide range of sovereign wealth funds, financial institutions, governments, and other clients throughout the region, offering asset servicing and ancillary services, corporate trust, and treasury services.
Ahmed Al Qassim, head of Emirates NBD Group corporate and institutional banking said that they are excited to begin this strategic alliance, which will significantly strengthen their proposition to UAE investors by enabling seamless global market access.
“In addition, overseas investors can now tap into the exciting opportunities created by UAE’s upcoming IPOs, strengthening the investor base and liquidity in the local bourse.” He added.
The collaboration between BNY Mellon and Emirates NBD will help to increase international investor access to the UAE’s dynamic market through digitization. The UAE is currently undergoing an expansion of capital markets with multiple new listings and a significant increase in market liquidity on both the Dubai Financial Market and Abu Dhabi Securities Exchange.
According to c Emirates NBD, this collaboration with BNY Mellon will improve its on-ground strengths, and reach and strengthens its position as a financial services partner in the UAE.
BNY Mellon chief growth officer Akash Shah said that emirates NBD’s regional excellence together with their global expertise will transform our collective client experience.