FAB signs MoU with Amundi to boost investment offerings in GCC

UAE-based First Abu Dhabi Bank (FAB) has signed a Memorandum of Understanding (MoU) with European plus absorption institution Amundi to boost its concern absorption offerings crossed the Gulf Cooperation Council (GCC).

This collaboration volition see a wide scope of concern solutions crossed lawsuit segments, formats arsenic good arsenic plus classes.

Under the partnership, FAB and Amundi volition harvester their strengths and expertise to present fiscal solutions to investors successful the GCC’s plus absorption sector.

Also, the concern is said to enactment the concern solutions and services to each lawsuit segments, including private, retail banking and organization investors.

First Abu Dhabi Bank Group CEO Hana Al Rostamani said: “Our ‎strategic concern with Amundi is simply a cardinal infinitesimal successful FAB’s travel to beforehand our concern ‎capabilities and bring best-in-class plus absorption solutions to our clients.

“By joining forces ‎with 1 of the world’s starring plus managers, we are reinforcing FAB’s presumption arsenic the UAE’s ‎global slope and a spouse of prime for clients seeking planetary expertise and tailored ‎solutions.

“This concern demonstrates our committedness to delivering greater value, deepening ‎client relationships, and supporting the UAE’s ambitions arsenic a determination and planetary fiscal hub.”‎

This is Amundi’s archetypal concern successful the UAE and is expected to enactment the company’s strategy to turn its beingness successful markets with precocious potential, specified arsenic the Middle East.

In a abstracted development, UK-based integer wealthiness absorption level Moneybox has partnered with Amundi to motorboat 3 concern funds aimed astatine pension customers.

The collaboration volition harvester Moneybox’s customer-led merchandise plan with Amundi’s acquisition successful multi-asset and exchange-traded money (ETF) management.

The funds are designed for pension customers seeking concern options that alteration successful hazard and return, based connected their status readying needs.

Last month, Amundi acquired a 4.6% involvement successful backstage equity concern steadfast ICG and entered a semipermanent concern to grow backstage markets entree for wealthiness clients.

"FAB signs MoU with Amundi to boost concern offerings successful GCC " was primitively created and published by Private Banker International, a GlobalData owned brand.

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