Global corporate investment banking company BNY Mellon and Emirates NBD have announced a strategic alliance aimed at accelerating the growth of 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.
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 a significant increase in market liquidity on both the Dubai Financial Market and the 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, and increase operational efficiencies and investor access.”
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, treasury, and brokerage operations.
