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First Abu Dhabi Bank Chooses Broadridge to Build Global Agency Securities Finance Business
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.
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