iStock/RiverNorthPhotographyby Kudakwashe Muzoriwa
The Bank of New York Mellon (BNY Mellon) has opened a representative office in the Abu Dhabi Global Market.
Hani Kablawi, BNY Mellon’s Chairman, EMEA and CEO of Global Asset Servicing, said, “Our focus to deepen our relationships with Middle Eastern institutional investors, strengthen our footprint, and drive to innovate and to deliver leading solutions across the region has never been greater.”
The bank 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.
The new ADGM will be led by Anthony Habis. Habis is also BNY Mellon’s Regional Head as well as Head of Client Management for the Middle East and Africa.
BNY Mellon has been in Abu Dhabi since 1998 and has been conducting business in the Middle East and Africa for over 100 years. The bank opened its first representative office in Lebanon in 1963 and was granted a branch licence in 2008 by the Dubai Financial Services Authority.