BNY Mellon has opened up a new office in the Abu Dhabi Global Market (ADGM) to support existing and prospective clients in the region, seeking to access the firm’s global capabilities.
The new office in ADGM comes at an important time in BNY Mellon’s 100-year history in the region and 20 years in Abu Dhabi, according to Hani Kablawi, chairman, Europe Middle East and Africa, and CEO of global asset servicing at BNY Mellon.
He commented: “Our focus to deepen our relationships with Middle Eastern institutional investors, strengthen our footprint, and drive to innovate and to deliver leading solutions across the region has never been greater.”
The principal representative for BNY Mellon’s new ADGM office is Anthony Habis, who is also head of client management, Middle East and Africa (MEA) and regional head for MEA at BNY Mellon.
Habis joined BNY Mellon from RF Capital Trust in 2018 and has over 20 years’ experience working in MEA, including six years at Citi where he held a number of senior roles as managing director in the institutional clients group.
Commenting on the opening of the new office, Richard Teng, CEO of the financial services regulatory authority of ADGM, said: “As an International Financial Centre and financial regulator, we look forward to working closely with BNY Mellon and like-minded institutions to foster an open and vibrant environment that augments Abu Dhabi’s position as a leading global financial centre and investment hub.”
ADGM is a broad-based financial centre for local, regional and international institutions.
BNY Mellon has been in Abu Dhabi since 1998 and has been conducting business in the Middle East and Africa for over 100 years.
