Today's Edition
ABU DHABI (ALETIHAD)
First Abu Dhabi Bank (FAB) has signed a Memorandum of Understanding with Amundi to expand access to world-class investment solutions and strengthen FAB’s investment management offering across the GCC.
Amundi is Europe’s leading asset manager, and the partnership marks its first such collaboration in the UAE.
According to the announcement, the partnership will span a broad spectrum of investment solutions across client segments, formats and asset classes. By combining their respective strengths, FAB and Amundi aim to deliver differentiated financial solutions and raise standards in the region’s asset management landscape.
The collaboration reflects both institutions’ long-term commitment to enhancing tailored investment services for retail, private banking and institutional clients.
Hana Al Rostamani, Group Chief Executive Officer of FAB, said: “Our strategic partnership with Amundi is a key moment in FAB’s journey to advance its investment capabilities and bring best-in-class asset management solutions to clients. By joining forces with one of the world’s leading asset managers, we are reinforcing FAB’s position as the UAE’s global bank and a partner of choice for clients seeking international expertise and tailored solutions.
"This partnership demonstrates our commitment to delivering greater value, deepening client relationships, and supporting the UAE’s ambitions as a regional and global financial hub.”
Valérie Baudson, Chief Executive Officer of Amundi, said the collaboration supports Amundi’s plans to deepen its regional presence. “We are delighted to join forces with FAB to bring Amundi’s global expertise to investors in the GCC. As we see accelerating demand for various investment solutions across the Middle East, partnering with FAB, a leading financial institution, supports our ambition to deepen our presence and capture long-term growth in this high-potential market.
"The collaboration combines our broad suite of solutions, with local insight and scalable digital and advisory capabilities and will allow us to deliver long-term value for clients while accompanying the ongoing development of the GCC’s financial ecosystem.”
The announcement said the partnership will support Amundi’s growth strategy in high-potential markets such as the Middle East while reinforcing FAB’s efforts to broaden its wealth and investment offerings and drive long-term growth in the GCC and beyond.
