First Abu Dhabi Bank (FAB) has entered into a Memorandum of Understanding with Amundi, a leading European asset manager, to expand investment solutions across the Gulf Cooperation Council (GCC) region. The partnership aims to enhance FAB’s investment management offerings for its clients by leveraging the expertise and resources of both organizations.
The collaboration will cover a wide range of investment products and services across different client segments, including retail, private banking, and institutional investors. Both parties plan to deliver differentiated financial solutions by combining their strengths in various asset classes and formats.
Hana Al Rostamani, Group Chief Executive Officer at First Abu Dhabi Bank, stated: “Our strategic partnership with Amundi is a key moment in FAB’s journey to advance our investment capabilities and bring best-in-class asset management solutions to our 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, commented: “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.”
This agreement marks Amundi’s first partnership of its kind in the United Arab Emirates. It also aligns with Amundi’s strategy to increase its footprint in markets like the Middle East. For FAB, this move continues its efforts to build strategic alliances that support its goal of expanding wealth management services and driving growth within the region.
