First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, announced a strategic partnership with T. Rowe Price, a leading global asset management firm.
As part of the partnership, T. Rowe Price will act as FAB’s investment partner, providing investment solutions across equity, fixed income, alternatives and multi-asset strategies. This will expand the range of investment offerings available to FAB’s clients, while strengthening the bank’s investment management proposition.
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By combining their respective expertise and investment capabilities, the two firms aim to deliver tailored investment solutions across retail, private banking and institutional client segments. These efforts support improved investor outcomes, contribute to the continued development of the GCC’s asset management landscape, and aligns with global investment standards.
Reflecting a shared ambition to deliver customised, high-value investment solutions, the collaboration draws on decades of investment experience and established capabilities. It also underscores T. Rowe Price’s commitment to the region and its support for sustainable growth across key Middle East markets.
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Hana Al Rostamani, Group Chief Executive Officer at, First Abu Dhabi Bank, said: “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.”
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The strategic alliance further demonstrates FAB’s continued focus on strategic collaborations that enhance client experience, broaden its wealth and investment franchise, and support long-term growth across the GCC and globally.
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Source : prnewswire