First Abu Dhabi Bank (FAB) has announced a strategic partnership with T. Rowe Price, a global asset management firm. Under this agreement, T. Rowe Price will serve as FAB’s investment partner, providing a range of investment solutions that include equity, fixed income, alternatives, and multi-asset strategies.
The partnership is expected to expand the selection of investment products available to FAB clients and strengthen the bank’s investment management services. Both organizations plan to leverage their expertise to deliver tailored solutions for retail, private banking, and institutional clients across the Gulf Cooperation Council (GCC).
According to FAB, these efforts are intended to improve outcomes for investors in the region and contribute to the ongoing development of the GCC’s asset management sector in line with international standards.
Hana Al Rostamani, Group Chief Executive Officer at First Abu Dhabi Bank, stated: “This strategic partnership with T. Rowe Price reflects our continued focus on expanding the depth and quality of investment solutions we deliver to our clients. By working with a globally recognised 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, Chief Executive Officer and President of T. Rowe Price, commented: “We are honored to partner with First Abu Dhabi Bank to deliver world-class investment solutions across public and private markets, tailored to meet the needs of investors throughout the GCC. 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.”
FAB indicated that this alliance aligns with its ongoing strategy of pursuing collaborations that enhance client experience while broadening its wealth management offerings within both regional and global markets.
