Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has partnered with T. Rowe Price, a leading global asset management firm, to enhance investment offerings across the GCC region, according to a press release.
Both sides will integrate their expertise and investment capabilities to deliver tailored investment solutions across retail, private banking, and institutional client segments.
This collaboration will support improved investor outcomes and promote the development of the GCC’s asset management landscape.
Hana Al Rostamani, Group CEO at FAB, said: “By working with a globally recognized asset manager that shares our strategic ambition and commitment to excellence, we are strengthening our differentiated investment capabilities across key client segments, while reinforcing FAB’s position as the UAE’s global bank and a trusted financial partner across the region.”
Rob Sharps, Chair, CEO and President of T. Rowe Price, commented: “This collaboration reflects our commitment to growing and diversifying our business through innovative global partnerships. We are excited about the opportunity to grow with FAB across the region and to jointly develop and launch new solutions for clients.”
The strategic alliance reflects the ADX-listed lender’s continued focus on strategic collaborations that broaden its wealth and investment franchise and support long-term growth across the GCC and globally.
In December, FAB and Mastercard launched the company’s proprietary mobile-first virtual card number (VCN) solution for businesses.
