Expansion of securities finance within the UAE
and broader Middle East
NEW
YORK and ABU DHABI, UAE and
LONDON, Dec. 11,
2024 /PRNewswire/ -- To drive expansion of Securities
Lending in the UAE and wider Middle
East, First Abu Dhabi Bank (FAB) has chosen global
Fintech leader, Broadridge Financial Solutions,
Inc. (NYSE: BR), to support the build out of its global agency
securities finance business. This collaboration marks a significant
milestone in the expansion of securities finance within the UAE and
the broader Middle East region. By
leveraging Broadridge's advanced Securities Finance and Collateral
Management (SFCM) solution, FAB is well-positioned to enhance its
coverage of global fixed income and equities markets.
"The commitment of both FAB and Broadridge to bring innovative
products and solutions to market and to simplifying and innovating
trading," said Darren Crowther, Head
of Securities Finance and Collateral Management,
Broadridge. "This collaboration caters for the growing demand
for securities lending and borrowing within the Middle East and is aligned both
with local regulatory needs and with international best
practices."
Broadridge's provision of an agile and robust SFCM platform —
the first AWS SaaS deployment in the region — highlights a renewed
focus on in the Middle East and
indicates readiness to support FAB's strategic goals. As FAB
navigates the evolving landscape of securities borrowing and
lending regulations in the region's markets, this collaboration is
expected to yield new opportunities and efficiencies that will
benefit clients across the globe.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.