The Bank of New York Mellon launches new office in Abu Dhabi | ZAWYA MENA Edition:
The Bank of New York Mellon, a global investments company with $1.9 trillion in assets under management, has opened a new office in the Abu Dhabi Global Market (ADGM), the international financial centre in the UAE capital.
BNY Mellon has $35.8 trillion in assets under custody and/or administration as of September 2019. It is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
In the Middle East and North Africa region, BNY Mellon works with wealth funds, financial institutions, and governments, offering asset servicing, corporate trust and treasury services. It opened its first representative office in Lebanon in 1963 and received a branch license from the Dubai Financial Services Authority in 2008.
“Our new office in the Abu Dhabi Global Market comes at an important time in our 100-year history in the region and more than 20 years in Abu Dhabi,” Hani Kablawi, Chairman, EMEA, and CEO of Global Asset Servicing, said in a statement.
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