BNY obtains regional headquarters licence in Saudi Arabia
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BNY obtains regional headquarters licence in Saudi Arabia 01 May 2025Saudi Arabia Reporter: Daniel Tison
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BNY has received a regional headquarters licence from the Ministry of Investments in Saudi Arabia (MISA).
The new headquarters in Riyadh will provide strategic, administrative, and corporate services for BNY in the Middle East.
BNY’s existing Asset Servicing solutions delivered for clients in the Kingdom of Saudi Arabia (KSA) include global custody services, global risk solutions, custody FX, and institutional accounting under a Capital Markets Authority (CMA) licence.
Hani Kablawi, head of international at BNY, comments: “The KSA is delivering on its Vision 2030, and we will continue to bring BNY’s expertise across the financial lifecycle to help the KSA achieve its ambitions.”
Apart from the KSA, BNY also has clients in the United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman, providing access to global markets, building and delivering local market infrastructure capabilities, and supporting the development of the Gulf Cooperation Council’s capital markets landscape.
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Image: Chaudhary_Umair/stock.adobe.com 