First Abu Dhabi Bank to Partner with Thomas Murray

Published January 19th, 2022 - 07:20 GMT
First Abu Dhabi Bank
First Abu Dhabi Bank
Highlights
First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions will partner with Thomas Murray

First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions will partner with Thomas Murray a UK-based post-trade and technology company who provide guidance on local markets rules and regulations as well as systems and procedures for the trading, clearing, settlement, custody and asset servicing of securities.

FAB, a direct custodian in the UAE, Saudi Arabia, Egypt, Kuwait, Bahrain, Oman and Lebanon, will become a key information source throughout the Middle East. Under the agreement, the bank will provide information on market changes which will be available to subscribers of Thomas Murray’s Securities Market Information (SMI) database.

The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process.

Kashif Darr, Managing Director & Head of Securities Services at FAB, said: “We are proud to partner with Thomas Murray and to be a trusted source of market developments and vital information for investors and their providers. FAB is embedded in the infrastructure of the region.  We have deep and long-standing relationships with the key financial market participants across all major centres of the Middle East, which offers us intimate access to market developments and information.

Jim Micklethwaite, Head of Operations, Thomas Murray said: “We are delighted to have First Abu Dhabi Bank joining our SMI service. Their knowledge and expertise in financial services in the Middle East will be an invaluable tool for those financial institutions conducting business in the region and an outstanding addition to our 250 strong sources of information. This agreement solidifies the existing relationship which we have had with the bank for several years.”

The database, accessible via www.marketsselect.com is continuously updated by a team of analysts monitoring hundreds of sources to produce comprehensive market profiles for 105 countries worldwide which detail a wide range of topics such as market entry requirements, taxation or market charges.

Background Information

First Abu Dhabi Bank

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

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