Abu Dhabi Commercial Bank (ADCB) and Bank of America Merrill Lynch (BofA Merrill Lynch) have formed a new strategic relationship in the United Arab Emirates (UAE).
Under the partnership, the clients of BofA Merrill Lynch requiring services in the region can access to the capabilities provided by ADCB, while ADCB clients will have access to BofA Merrill Lynch's global network of corporate banking and cash management capabilities.
In addition, both the banks will establish a committee, comprising senior bankers from both organizations, with a goal of developing global working relationships and sharing opportunities.
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