BNY Mellon partners Emirates NBD to boost up UAE capital markets

Facebook
Twitter
LinkedIn

BNY Mellon, one of the financial institutions, and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, have announced a strategic alliance aimed at accelerating the growth of United Arab Emirates’ (UAE) capital markets. The collaboration unites BNY Mellon’s global footprint with Emirates NBD’s regional expertise to provide clients, across the UAE and globally, access to world leading capital markets infrastructure and technology.

Robin Vince, CEO-elect of BNY Mellon Image:Source

Robin Vince, CEO-elect of BNY Mellon, said, “BNY Mellon is proud to continue to build on our rich decades-long history in the Middle East and play an important role in enhancing the region’s vibrant market infrastructure with Emirates NBD, one of the UAE’s leading financial institutions. We look forward to collaborating to further our vision of trust and innovation in the Middle East.”

Shayne Nelson, Group CEO of Emirates NBD Image:Source

Shayne Nelson, Group CEO of Emirates NBD, said, “Our strategic collaboration comes at a pivotal time of transformation in the UAE’s capital markets and is testament to Emirates NBD’s ongoing commitment to enhancing local market infrastructure. The alliance brings Emirates NBD’s on-ground strengths, reach and long-standing reputation as a trusted financial services partner to individuals and businesses in the UAE together with BNY Mellon’s global expertise as the world’s largest custodian to create a win-win proposition for regional and overseas investors alike.”   

BNY Mellon and Emirates NBD will work together to increase international investor access to the UAE’s dynamic market through digitization. The UAE is currently experiencing an expansion of capital markets with multiple new listings and significant increase in market liquidity on both Dubai Financial Market and Abu Dhabi Securities Exchange.

Akash Shah, Chief Growth Officer at BNY Mellon, said, “Emirates NBD’s regional excellence together with our global expertise will transform our collective client experience. It comes at an opportune moment, with a number of local champions coming to market through the UAE’s IPO boom. Together, we will help create the infrastructure to capture long-term value from the UAE’s financial ecosystem, increase operational efficiencies and investor access.”

Ahmed Al Qassim, Group Head, Corporate and Institutional Banking at Emirates NBD, said, “We are delighted to begin this strategic alliance, which will significantly enhance our 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.”

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.

Emirates NBD Group serves customers, businesses, governments and institutions with a range of financial products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations.

Source

Share.

RELATED POSTS

Left to right Jochen Knecht, CEO of IFZA; H.E. Ahmed Al Attar, UAE's Ambassador to Germany; Martin Pedersen, Chairman of IFZA; Holger Schlechter, Chief Financial Officer of IFZA. (Image courtesy: IFZA)
IFZA Partners with BVMW to Display UAE-German Strong Economic Ties
The new service brings high-quality, licensed dental care directly to patients' homes. Image Courtesy: First Response Healthcare
First Response Health Care Unveils Its Innovative Dentist At-Home Service
Tatjana Andreeva, Managing Partner at Eastern Region Group. Image Courtesy Eastern Region Group
ERG announces expansion to support entrepreneurs, businesses and HNWIs
  • Asialink Finance

LATEST POSTS

Abhishek Pradhan, Regional Director (SAARC & Middle East) at Hexnode. (Image courtesy: Hexnode)
Al Khawaneej Mall. Image Courtesy Union Coop (Image Courtesy: Union Coop)
Yango Group has launched the Yango Points program in Abu Dhabi, a loyalty program designed to reward users for cashless ride payments made through the Yango app. (Image Courtesy : Yango Group)
Khalid Sukhon has been appointed as the Group Chief Financial Officer of DSI. (Image courtesy: DSI)