Abu Dhabi Commercial Ends Treasury Joint Venture With Macquarie

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Abu Dhabi Commercial Bank PJSC, the United Arab Emirates’ third-biggest bank by assets, said it “concluded” a treasury joint venture with Australia’s Macquarie Bank Ltd.

Abu Dhabi Commercial set up the venture with Macquarie in 2005 to develop trading operations, the bank said in an e-mailed statement. The venture achieved its goals, it said.

The bank said its infrastructure venture with Macquarie remains in place.END