Global custodian has teamed up with investment firm Emirates NBD in an alliance designed to accelerate the growth of capital markets in the UAE.
The partnership will focus on combining Emirates NBD’s local presence with BNY Mellon’s global footprint.
According to the two firms, the alliance will aim to increase international investor access to Mena’s capital markets through greater use of digitisation.
It also comes at a time when the UAE is undergoing an expansion of its capital markets with new listings on the country’s major exchanges and an increase in liquidity.
“We look forward to collaborating to further our vision of trust and innovation in the Middle East,” said Robin Vince, CEO-elect at BNY Mellon.
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