The Bank of New York Mellon Opens New Office in the Abu Dhabi Global Market

The Bank of New York Mellon has opened a representative office in the Abu Dhabi Global Market (ADGM), a broad-based international financial centre for local, regional and international institutions. The representative office will provide support for existing and prospective clients in the region, seeking access to the firm’s global capabilities.

BNY Mellon has been in Abu Dhabi since 1998 and has been conducting business in the Middle East and Africa for over 100 years. The company opened its first representative office in Lebanon in 1963 and was granted a branch licence in 2008 by the Dubai Financial Services Authority.

Hani Kablawi, Chairman, EMEA, and CEO of Global Asset Servicing, said: “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. 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.”

Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM added: “We welcome The Bank of New York Mellon to the family and for choosing ADGM to establish its representative office. 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.”

Anthony Habis is the Principal Representative for BNY Mellon’s new ADGM office and is Head of Client Management, Middle East and Africa (MEA) and Regional Head for MEA at BNY Mellon. Mr 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.

BNY Mellon works with a wide range of sovereign wealth funds, financial institutions, governments and other clients throughout the region, offering asset servicing and ancillary services, corporate trust and treasury services.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of Sept. 30, 2019, BNY Mellon had $35.8 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. 

About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on Common Law.

Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for three consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.* For more details of ADGM, please visit www.adgm.com 

* Source: The Global Investor Middle East and North Africa (MENA) Awards