Abu Dhabi Securities Exchange appoints Emirates NBD Capital as new custodian

Abu Dhabi Securities Exchange appoints Emirates NBD Capital as new custodian

Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a new custodian in order to expand its custodial services offering.

Emirates NBD Capital obtained its custody license from the UAE Securities and Commodities Authority (SCA).

Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region. It has partnered with BNY Mellon, the world’s biggest custodian bank, to offer custody services to its clients.

Custody services are an extension of Emirates NBD securities broader suite of security services. The Group’s alliance with BNY Mellon will also provide Emirates NBD customers access to BNY Mellon’s global custody, asset servicing, data, and technology capabilities.

According to the statement, “As a licensed custodian, Emirates NBD Capital provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.”

Saeed Hamad Al Dhaheri

MD & CEO – ADX “We are delighted to welcome Emirates NBD Capital as a custodian member of ADX. The admission of Emirates NBD Capital marks another significant expansion in the custody options available to investors. We will continue to expand the range and quality of services and products we provide to investors, cementing ADX’s